Dalrada Corporation said its subsidiary, Dalrada Precision, has entered the eco-friendly degreaser global market with the launch of its Ignite Industrial Technologies’ revolutionary biodegradable cleaner and degreaser products.
The products provide a safe and more environmentally responsible solution to improving manufacturing efficiencies without harsh chemicals, including mineral spirits, butyl-based products, caustics, and alkaline detergents, the company added.
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Dalrada said the proprietary ingredient profile of Ignite Industrial Technologies’ uniquely enhanced products is the first of its kind for the cleaning and degreaser market. Engineered by industry veterans as a safer, more effective, and cost-effective product line to revolutionize manufacturing efficiencies, the formulation acquired by Dalrada is now its intellectual property.
“As a bespoke parts manufacturer, Dalrada Precision has first-hand experience of how to increase productivity and extend equipment life by effectively eliminating dirt and grease,” chairman and CEO Brian Bonar said.
“Ignite Industrial Technologies’ products are extremely effective, cost-effective, and, compared to traditional chemicals used in the cleaning & degreasing market, are safer for people and the environment.”
Dalrada said the cleaner and degreaser aftermarket was valued at US$36.8 billion in 2018 and is projected to reach US$42.6 billion by 2026, growing at a compound annual growth rate of 1.8 % from 2019 to 2026.
Dalrada’s operating subsidiaries Dalrada Precision, Dalrada Health Products, and Dalrada Technologies offer high-value innovative alternative solutions to businesses and consumers worldwide.
With a global footprint in Malaysia, UK, India and the US, the company is well-positioned to supply products and services with the ability to make a meaningful impact in environmental sustainability, healthcare and business growth leveraging technology.
Contact the author at stephen.gunnion@proactiveinvestors.com