SAN DIEGO, May 21, 2019 /PRNewswire/ — In a move planned to substantially increase revenues and reach a worldwide market, Dalrada Precision, a subsidiary of Dalrada Financial Corp. (OTC Pink: DFCO), acquired the assets of Malaysian company to expand its core business of building complex end-user products.
The selling company, CYN Precision Enterprise, owns five sophisticated computerized milling machines and expert operators. In business for 10 years, it has traditionally sold to a local Malaysian market, and the sale will allow it to reach customers worldwide.
Dalrada Precision President David Pickett said the move will increase the company’s capacity by 75 percent. “We predict this will increase revenues by $5 million to $7 million per annum,” he said.
CYN’s assets and personnel will relocate to Dalrada Precision’s Kedah, Malaysia facility at No, 82, Lonrong Saga ½ Kawasan Saga, 08000 Sangai Petani.
Now with streamlined operations, the company will produce parts and perform mass production at the same facility, along with investing in a new five-axis machine and other equipment to support customer orders.
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