DPW Holdings Announces That Its Gresham Worldwide Defense Business Has Been Awarded a $1.4 Million Purchase Order for Defense and Aerospace Customer, and Its Improved Capital Structure Pos...
Ault Global Holdings, Inc. (DPW)
NASDAQ:AMEX Investor Relations:
dpwholdings.com
Company Research
Source: GlobeNewswire
Newport Beach, Calif., Feb. 21, 2020 (GLOBE NEWSWIRE) -- DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”) announced that its global defense business, Gresham Worldwide, Inc. (“Gresham Worldwide”), has received a $1.4 million order from a leading defense and aerospace customer of its wholly owned subsidiary Enertec Systems 2001, Ltd. (“Enertec”). Enertec, based in Israel, is a leading defense and aerospace designer and manufacturer of advanced multi-purpose electronic systems, including customized computer-based automated test equipment and turnkey solutions designed to perform in harsh environments and battlefield conditions. After receiving a $2.9 million order in 2019 to develop a unique and complex testing system, Enertec recently received a follow-up order of an additional $1.4 million related to the testing system. Enertec’s management believes this customer has the potential to order over $10 million of Enertec products per year
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