DPW Holdings Announces That Its Coolisys Power Electronics Business Has Received a $1,283,000 Purchase Order from a Defense Contractor
Ault Global Holdings, Inc. (DPW)
NASDAQ:AMEX Investor Relations:
dpwholdings.com
Company Research
Source: GlobeNewswire
Newport Beach, Calif., April 01, 2020 (GLOBE NEWSWIRE) -- DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”), announced that its global power electronics business, Coolisys Technologies Corp. (“Coolisys”), through its subsidiary Digital Power Corporation (“DPC”), has received an initial order of $1,283,000 to provide comprehensive electrical and electronic systems for powering an onboard radio and other classified instruments installed and operated in customized military multi-mission vehicles. The customer has the option to increase the order amount to approximately $2,000,000. These vehicles are designed to serve elite and special forces units operating in urban warfare and close quarters combat. They are designed to be airmobile, capable off-road vehicles that can handle extreme terrain in a general reconnaissance role. The solution provided by Coolisys will include an electrical system featuring electronic hardware and an imbedded m
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