DPW Holdings, Inc. (
NYSE American: DPW)
("
DPW" or the "
Company"), a
diversified holding company, announced today that Coolisys
Technologies, Inc. (“
Coolisys”) launched its new
website for Digital Power Corporation (“
Digital
Power”), www.digipwr.com, featuring a B2B portal offering
standard to customized power supply products, solutions and
services. After 49 years of continuous business, Digital Power is
known internationally for providing rugged advance power systems
and components and customization to four strategic sectors
including medical, military and aerospace, industrial,
telecommunication and most recently, crypto-mining power solutions
as well as businesses common to the Fortune 500. Digital Power is
renowned for value-added systems and customized solutions and is a
wholly-owned subsidiary of Coolisys.
Through the new portal, businesses around the world can now
participate readily in ordering online directly from Digital
Power’s advanced standardized or value-added solutions to fulfill
their need for efficient, high-density and sturdy power systems or
work with Digital Power’s experienced design team and engineers to
customize a proprietary solution specific to their requirements.
Digital Power is a leader in providing innovative design, capacity,
durability and maximized efficiency to businesses seeking to
leverage their return on investment.
Digital Power offers products ranging from Open Frame to Compact
PCI, External and Board Mount to Rack-Mount as well as Enclosed
power systems and capacitor chargers. With over 1,000 products
listed and in inventory, Digital Power’s skilled experts are
prepared to deliver the best customer experience possible.
“It is exciting to see Digital Power Corporation after years of
trailblazing advanced power products and solutions to be able to
expand its reach and offer a wide range of power products, services
and solutions to businesses both domestically and overseas directly
online. I am proud the team at Coolisys Technologies was able to
support Digital Power’s evolution, expand its reach beyond its
current customer base to include any business across a wide
spectrum of design specifications and demands,” said Amos Kohn,
President, CEO and Chairman of Coolisys Technologies, Inc.
“When we launched Coolisys Technologies and became DPW Holdings,
we knew we wanted to preserve Digital Power’s expertise in
delivering quality advanced power products and value-added
solutions. Our plan was to expand Digital Power’s reach and sales
through a robust online presence, enabling their evolution in
becoming a worldwide solutions provider. Digital Power’s success is
a valued component in our organic growth in revenue,” said Milton
“Todd” Ault, III, the CEO and Chairman of DPW Holdings, Inc.
ABOUT DPW HOLDINGS, INC.Headquartered in
Newport Beach, CA, DPW Holdings, Inc. (www.DPWHoldings.com), is a
diversified holding company with a growth strategy of acquiring
undervalued assets, disruptive technologies, sustainable solutions,
and exciting ventures for incubation and development to their full
potential for long-term growth and investor returns.
DPW, through its wholly-owned subsidiary, Coolisys Technologies,
Inc., is dedicated to providing world-class technology-based
solutions for critical applications and lifesaving services, in
which innovation is the main driver. Coolisys serves the defense,
aerospace, naval, homeland security, medical, telecom, datacom, and
industrial markets. Its growth strategy targets core markets that
are characterized by “high barriers to entry” and that require
specialized products and services that are not likely to be
commoditized. Through its portfolio companies, Coolisys develops
and manufactures cutting-edge switching power products and power
solutions utilizing its customized digital power management and
resonant topology to achieve the highest efficiency and highest
density power converters and inverters; specialized complex
airborne high-frequency, radio frequency (RF), and microwave
detector-log video amplifiers (DLVA); very high-frequency filters;
and naval power conversion and distribution equipment. Coolisys
provides its technology and services through its three primary
groups: the Power Solutions Group (PSG); the Defense and Aerospace
Solutions Group (DSG); and the Advanced Service Industries (ASI)
Group. Coolisys manages five divisions, including Digital Power
Corporation, www.DigiPwr.com, a leading provider of power
electronics technology based in Northern California; Digital Power
Limited dba Gresham Power Ltd., www.GreshamPower.com, a designer
and manufacturer of power distribution systems primarily for Naval
use based in Salisbury, UK; Microphase Corporation,
www.MicroPhase.com , a designer and manufacturer of microwave
electronics technology based in Shelton, CT; Power-Plus Technical
Distributors, www.Power-Plus.com, a value-added distributor based
in Sonora, CA; and Enertec Systems, a developer and manufacturer of
specialized advanced electronic systems for the defense and
aerospace sectors based in Karmiel, Israel.
Digital Power Lending, LLC, www.DigitalPowerLending.com, a
wholly owned subsidiary of the Company, is based in Fremont, CA,
and is a California private lending company operating under
Financial Lender’s License ##60DBO-77905 dedicated to strategically
providing capital to small and middle size businesses for an equity
interest in addition to loan fees and interest. Super Crypto
Mining, Inc. www.SuperCryptoMining.com is a wholly-owned subsidiary
of the Company, is based in Fremont CA that leverages its
engineering expertise and existing locations to create crypto
currency mining facilities across the globe. Super Crypto Mining,
Inc. operates the branded divisions, Super Crypto Power,
www.SuperCryptoPower.com and Super Miner, www.SuperMiner.com.
Excelo, LLC, www.Excelo.com, a wholly-owned subsidiary of the
Company, is a national search firm specializing in fulfilling
strategic executive, professional and hi-tech placements for
businesses delivering world-class services. DPW Holdings, Inc.’s
headquarters is located at 201 Shipyard Way, Suite E, CA 92663;
www.DPWHoldings.com. For Investor inquiries: IR@DPWHoldings.com or
1-888-753-2235.
Forward-Looking StatementsThe foregoing release
contains “forward looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as
amended, including statements regarding the acquisition and the
ability to consummate the acquisition. These forward-looking
statements generally include statements that are predictive in
nature and depend upon or refer to future events or conditions, and
include words such as “believes,” “plans,” “anticipates,”
“projects,” “estimates,” “expects,” “intends,” “strategy,”
“future,” “opportunity,” “may,” “will,” “should,” “could,”
“potential,” or similar expressions. Statements that are not
historical facts are forward-looking statements. Forward-looking
statements are based on current beliefs and assumptions that are
subject to risks and uncertainties. Forward-looking statements
speak only as of the date they are made, and the Company undertakes
no obligation to update any of them publicly in light of new
information or future events. Actual results could differ
materially from those contained in any forward-looking statement as
a result of various factors. More information, including
potential risk factors, that could affect the Company’s business
and financial results are included in the Company’s filings with
the U.S. Securities and Exchange Commission, including, but not
limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are
available at www.sec.gov and on the Company’s website at
www.DPWHoldings.com.
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