DPW Holdings Announces That Its Coolisys Power Electronics Business Sees Increased Offshore Manufacturing Capacity and Higher Demand for Oxygen Concentrator and Ventilator Power Supplies
Ault Global Holdings, Inc. (DPW)
NASDAQ:AMEX Investor Relations:
dpwholdings.com
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Source: GlobeNewswire
Newport Beach, Calif., April 06, 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”), is seeing offshore manufacturing partners, particularly in Asia, are back to near full capacity. In addition, Coolisys is realizing an increase in demand from its customers in the medical industry, specifically related to power supplies for oxygen concentrators and ventilators, with approximately $1.4 million in orders. Our global supply chain was partially disrupted earlier this year by the COVID-19 outbreak in China and other Asian countries; however, based on improved conditions related to the COVID-19 pandemic in Asia, we have recently resumed the production of key products by Coolisys’ Chinese and Taiwanese manufacturing partners, including power applications for the medical industry. Coolisys engineers have been designing and de
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