Dalrada Technology Group

What Dalrada Technology Group does

Dalrada Technology Group (OTC: DHTI) is a publicly traded holding company headquartered in Escondido, California, that operates four business verticals through subsidiaries: climate technology, semiconductor and electronics equipment, specialty pharmacy, and precision manufacturing. Founded in 1990 per legal entity records, the company maintains operating presence in the United States, Spain, the United Kingdom, and France.

The climate technology vertical is built around the proprietary DCT-1 Series of commercial CO2 (R744) heat pumps, with a Global Warming Potential of 1, plus residential 9kW and 11kW heat pumps and atmospheric water generators. The DCT-1 platform is technically validated through a peer-reviewed co-authored study with Oak Ridge National Laboratory and is being extended into ultra-high temperature (150°C+) industrial process heat via a U.S. National Laboratory contract. The semiconductor vertical produces PVD and CVD deposition systems, Novellus C1 upgrade kits, and the Spectroptix plasma spectrometer for in-situ process metrology. The specialty pharmacy segment operates as Genefic, launched through the Watson Rx acquisition. Precision manufacturing is anchored by Deptec, with a Portland, Oregon facility opened in late 2024.

Dalrada monetizes through capital equipment sales (heat pumps, deposition systems), recurring specialty pharmacy revenue (Genefic), and precision manufacturing contracts. Go-to-market relies on a small set of anchor partnerships: an exclusive U.S. distribution agreement with Applied Technology International (ATI) targeting scaling from 75 to 600 units over three years, an Onet Group contract covering 140 facilities in France, and a series of Spanish nursing home and commercial facility contracts. The company also benefits from regulatory tailwinds, including the U.S. AIM Act HFC phase-down and the EU F-Gas Regulation, which disadvantage higher-GWP refrigerants and advantage the R744 product line. Financial disclosures indicate FY2024 revenue of $19.8M (down from $29.7M in FY2023), a net loss of -$28.9M, and an auditor going-concern qualification, signaling near-term execution and funding risk despite the offensive commercial pipeline.

Name

Dalrada Technology Group

Legal name

Dalrada Technology Group, Inc.

Website

https://dalrada.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

51–100 employees

Short description

Dalrada Technology Group (OTC: DHTI) is a publicly traded holding company operating climate technology (CO2/R744 heat pumps), semiconductor deposition and metrology equipment, specialty pharmacy (Genefic), and precision manufacturing through subsidiaries in the US, Spain, UK, and France.

Ownership category

akta.pro rank

Product category

Heat Pumps and Semiconductor Equipment

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Power Boiler and Heat Exchanger Manufacturing (332410)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro industry

PRIMARYIMAHAKAF

Heat Pumps (Air/Water/Ground Source)

Industrials, Manufacturing & Construction/Industrial Machinery & Heavy Equipment/Refrigeration, HVAC & Thermal Equipment

SECONDARYEUABAJAI

Onsite Low-Carbon Heat & CHP (Electrified CHP, Fuel Cells, Renewable CHP)

Energy, Utilities & Environment/Carbon & Climate Solutions (Carbon Markets, Offsets, CCS/CCUS)/Industrial Decarbonization Solutions (Process Heat, Electrification, Fuel Switching)

SECONDARYIMAHAKAE

Chillers & Cooling Plant Equipment

Industrials, Manufacturing & Construction/Industrial Machinery & Heavy Equipment/Refrigeration, HVAC & Thermal Equipment

Keywords

• Commercial heat pumps
• Residential heat pumps
• Semiconductor deposition equipment
• Atmospheric water generators
• Specialty pharmacy services

Headquarters

HQ city

Escondido

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Heat Pump Sales and Installation: Sale and installation of commercial and residential heat pump systems including the DCT-1 Series, 9kW, 11kW, and 50kW units. Revenue recognized from equipment sales, installation services, and related plumbing/sanitation/heating work.
2. Semiconductor Deposition Equipment: Sale of PVD and CVD deposition systems, Spectroptix plasma spectrometers, Novellus C1 controller upgrades, retrofits, spare parts, and service components for semiconductor manufacturing.
3. Installation and Support Services: Professional installation services for heat pump systems including design, engineering, plumbing, sanitation, and heating installations. Contracts include installation at nursing facilities, industrial facilities, and commercial buildings.
4. Specialty Pharmacy Services: Subsidiary Genefic provides specialty pharmacy, diagnostic laboratory, and infusion pharmacy services. Genefic achieved $4 million in Q4 2023 and $8 million in Q1 2024 following October 2023 launch.
5. Precision Manufacturing Components: CNC machined components, metal stamped parts, and hardware for diverse industrial applications. Products include nuts, bolts, screws, spacers, standoffs, washers, and custom fasteners.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Dalrada Technology Group designs, manufactures, and sells CO2 (R744)-based commercial and residential heat pump systems under its Climate Technology segment, and develops semiconductor deposition equipment (PVD and CVD systems, Spectroptix plasma spectrometer, Novellus C1 upgrades) under its Semiconductor & Electronics segment. It also operates integrated clean water solutions (atmospheric water generators) and runs a specialty pharmacy subsidiary (Genefic).

Product overview

Dalrada Technology Group operates as a diversified technology holding company with two primary business segments: Climate Technology and Semiconductor & Electronics. The Climate Technology division centers on the DCT-1 Series commercial heat pump (CO2/R744-based), residential heat pumps (9kW/11kW), and integrated clean water solutions using atmospheric water generation. The Semiconductor & Electronics division offers PVD and CVD deposition systems, the Spectroptix® plasma spectrometer, Novellus C1 controller upgrades, and precision manufacturing components. A healthcare subsidiary, Genefic, provides specialty pharmacy services. The company sells and installs its products globally through distribution partners and direct contracts, with manufacturing operations in the US (California, Las Vegas, Texas), UK, and Spain.

Differentiator

Problem solved

Functional benefit

Brands

• Spectroptix: Proprietary advanced plasma spectrometer developed by Deposition Technology (Deptec) for precise element detection in vacuum chambers during deposition or semiconductor manufacturing processes
• DCT-1 Series
• DCT ONE
• Deptec
• Genefic Specialty Pharmacy

Products and services

• DCT-1 Series Commercial Heat Pump CO2-based (R744) commercial heat pump delivering simultaneous heating and cooling without combustion, with COP of 1:7, hot water up to 85°C, cold water down to 0°C, and 60-80% energy savings. Targeted at commercial and industrial facilities such as hotels, hospitals, data centers, laundries, and food processing plants.
• Residential Heat Pumps (9kW, 11kW) High-efficiency residential heat pump systems designed for home electrification, available in 9kW and 11kW models with advanced CO2 technology for heating and cooling residential buildings. Sold primarily through the UK facility and Dalrada Home Corp.
• Atmospheric Water Generators (AWG) Atmospheric water generation technology that extracts water from air humidity. Manufactured by Dalrada Technology Spain S.L. subsidiary targeting the global water generation market.
• Spectroptix Plasma Spectrometer Proprietary advanced plasma spectrometer developed by Deposition Technology (Deptec) subsidiary for precise element detection in vacuum chambers during semiconductor manufacturing. Provides real-time plasma spectroscopy, independent background plasma creation, and enhanced process control.
• Physical Vapor Deposition (PVD) Systems Advanced deposition systems that deposit microscopic layers of material onto substrates to enhance conductivity and durability. Used in semiconductors, optics, medical devices, and energy sectors.
• Chemical Vapor Deposition (CVD) Systems CVD systems for thin film deposition in semiconductor manufacturing, including a new CVD platform being developed to join the company's product line.
• Precision Components & Manufacturing Precision manufactured parts including CNC machined components, metal stamped components (copper, brass, stainless steel, aluminum, steel alloys), and hardware such as nuts, bolts, screws, spacers, standoffs, and washers. Supported by global supply chain.
• Genefic Specialty Pharmacy Services Specialty pharmacy services operated by wholly-owned subsidiary Genefic, Inc., including prescription services, telemedicine, diagnostic laboratories, infusion pharmacy, medical education, and patient advocacy. Achieved $4M in Q4 2023 and $8M in Q1 2024.
• Heat Pump Installation Services Professional installation services for commercial and residential heat pump systems, including related plumbing, sanitation, and heating installations. Provided through subsidiaries in US and European markets.

Quantifiable outcome

• 60-80% energy savings with DCT-1 heat pump compared to traditional boiler/chiller systems
• +6 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core.

• US National LaboratorycoreStrategic or Co-development Partner · 2 April 2026Contractual agreement with US national laboratory to develop ultra-high temperature industrial heat pump system capable of delivering process heat at temperatures exceeding 150°C (targeting 150°C to 200°C range beyond conventional heat pump capabilities). Agreement funds detailed engineering design work to validate system performance and estimate cost and timeline for prototype fabrication. CEO Brian Bonar stated agreement represents significant milestone validating Dalrada's climate technologies.
• Oak Ridge National LaboratorycoreStrategic or Co-development Partner · 3 November 2025Dalrada engineers co-authored peer-reviewed scientific study with Oak Ridge National Laboratory engineers, published in Journal of Building Engineering. Study demonstrates advantages of CO2-based heat pump systems in cold climates, showing 87% efficiency retention at temperatures from 47°F to -15°F. Research funded by U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy. Company continues building relationship with ORNL for heat pump development.
• Onet GroupcoreChannel Partner/ Reseller/ Distributor · 12 September 2024Contract finalized September 12, 2024 with France-based Onet Group, a global leader in building maintenance services, for purchase and installation of Dalrada heat pumps in light industrial facility in Spain. Initial contract valued at 260,000 euros. Onet manages 140 facilities (100 in France, 40 in Spain) and serves nearly 24,000 unique clients with revenues of 2.3 billion euros. Partnership creates opportunity for additional installations across Onet's managed facilities.
• Applied Technologies of New York (ATI)coreChannel Partner/ Reseller/ Distributor · 20 August 2024Exclusive master distribution agreement signed August 20, 2024 for Dalrada heat pumps covering east coast and midwest US markets including Boston, NYC, Atlanta, Miami, Chicago, Columbus, Nashville, Philadelphia, Pittsburgh, and Detroit. Three-year agreement targets 75 combined units in first 18 months and 600 units in following 12 months. ATI has nearly 30 years of experience providing mechanical solutions in the New York metropolitan area.
• Genefic, Inc.coreOthersWholly-owned subsidiary of Dalrada Financial Corporation providing specialty pharmacy services. Genefic operates two licensed diagnostic laboratories, a 50-state licensed specialty pharmacy, and an infusion pharmacy with physical location in greater New Orleans area. CEO Dan Riley discussed revenue drivers and growth in July 2024 interview, noting $4 million in Q4 2023 (launch quarter) and $8 million in Q1 2024.
• Deposition Technology (Deptec)coreOthersWholly-owned subsidiary developing Spectroptix plasma spectrometer for semiconductor manufacturing. Deptec's products are primed to play integral role in semiconductor manufacturing and thin-film sectors. Subsidiary established US presence with Portland facility to accelerate production and sales. Also developing new CVD platform to join Novellus C1 upgrade kit product line.

Scale indicators15 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• Bosch Thermotechnology: Division of Bosch manufacturing commercial and residential heat pumps across Europe and North America. Competes with Dalrada in BAA/TAA-eligible installations and large commercial sites.
• Carrier Global Corporation: Diversified HVAC leader with commercial and residential heat pumps, chillers, and decarbonization solutions. Directly comparable to Dalrada's DCT-1 offering and has deep regulatory and distribution resources.
• Daikin Industries: Global HVAC and refrigerant manufacturer with CO2/R744 commercial heat pump products. Direct overlap with Dalrada's R744-based DCT-1 technology and far greater manufacturing and R&D scale.
• Lennox International: North American HVAC manufacturer with commercial rooftop units and emerging heat-pump portfolio. Competes with DCT-1 in US commercial decarbonization projects.
• Mitsubishi Electric: Major HVAC, heat-pump, and building systems manufacturer with commercial and industrial offerings overlapping DCT-1's commercial profile, particularly in decarbonization-driven projects.
• Trane Technologies: Global HVAC and climate solutions major with commercial heat pumps, chillers, and electrified heating products. Competes head-to-head with Dalrada's DCT-1 in commercial and industrial buildings and has substantially larger scale and installed service network.

Emerging players

• Heliogen: Climate-tech company developing high-temperature heat and concentrated solar solutions for industrial decarbonization. Comparable to Dalrada's ultra-high-temperature (>150°C) industrial heat pump initiative in industrial process heat markets.
• Atmosphere Clear: Emerging atmospheric water generator (AWG) developer addressing similar water-stressed commercial and industrial customers as Dalrada's new AWG product line manufactured in Spain.

Direct peers

• Vaillant Group: European heating and heat-pump manufacturer with strong presence in residential and commercial heating across UK, Spain, and Germany, directly overlapping Dalrada's residential 9kW/11kW and commercial DCT-1 markets.
• NIBE Industrier: European heat-pump specialist focused on residential and commercial decarbonization, serving similar geographies (UK, Spain, broader EU) and customer segments as Dalrada's UK and Spain operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Dalrada_DFCO
• YouTubeyoutube.com/@dalradacorporation?sub_confirmation=1
• Facebookfacebook.com/dalrada
• LinkedInlinkedin.com/company/dalrada-technology-group

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dalrada Technology Group