ODESSA — Dais Analytic Corp., which last year struck a $200 million deal to sell its air filtration system to China, announced plans Monday to hire up to 200 people to meet production requirements for a new multimillion-dollar agreement to sell water filtration systems.
The latest contract is for $48 million with CAST Systems Control Technology Co. and Genertec-America to provide key system components of the company's NanoClear nanotechnology clean water treatment process. Genertec is an overseas subsidiary of a Chinese government-owned company.
In September, the company announced a deal it estimated will bring 1,000 new jobs over the next five years to Pasco — where the unemployment rate is 14 percent. That deal involved ConsERV, its patented product, to be used for air filtration in China, which is among the world's largest polluters.
Dais Analytic CEO Tim Tangredi said the 200 jobs is the first phase of the plan to add 1,000 positions.
The Pasco Economic Development Council has been working with Dais Analytic since April 2009 to identify business needs and assist the company's growth. The nonprofit public-private partnership has provided help with training, job placement, consulting services, local government support, and financial and investor opportunities.
"We're thrilled about Dais' announcement," John Hagen, president/CEO of the economic council, said Monday in a news release. "The company is a bright spot in the area economy. It's what I like to call the Pasco County poster child for the 'Cleantech industry.' "
Dais Analytic has developed proprietary technology that allows water molecules to pass through a specially formulated membrane, according to its news release. Its applications are extensive in water purification, dehumidification, desalination and similar processes.
"This is a company with a very bright future, with prospects to employ 1,000 people, which would make it Pasco County's largest manufacturer," Denise Sanderson, the economic development council's business expansion and retention manager, said in the release.
Born about 10 years ago from an idea for developing fuel cells at Rensselaer Polytechnic Institute in Troy, N.Y., Dais Analytic opened in Pasco County in 1998, lured by $1.2 million in tax breaks and assistance. The company specializes in nanotechnology: crafting materials that work with matter on the atomic and molecular level.
A nanometer measures one-billionth of a meter.