DPW Holdings’ Microphase Corporation Secures $2.0 Million Supplemental Order from Top-Tier U.S. Defense Contractor
August 03 2018 - 6:30AM
DPW Holdings, Inc. (NYSE American: DPW), a diversified holding
company, announced Microphase Corporation, a division of DPW
subsidiary Coolisys Technologies, Inc., received a $2.0 million
supplement to the original $2.1 million contract award that it
announced July 24, 2018 from a first-tier U.S. government defense
contractor. The supplement increases the total order size to $4.1
million and extends the term of the contract into early 2020.
Microphase, which has supplied earlier versions of its
sophisticated communications filters used in combat warfare system
components to this defense contractor since October 2015, continues
to expect shipment of the component to commence in late 2018 or
early 2019.
Microphase General Manager Rock Martel stated, “We believe this
significant supplemental order further illustrates our customers’
confidence in our ability to meet their needs. Microphase’s
innovative radio frequency (RF), microwave and millimeter-wave
technology solutions and products enable our customers to achieve
higher performance and reliability at a reduced cost.”
ABOUT MICROPHASE CORPORATION
Microphase Corporation, a majority-owned subsidiary of Coolisys
Technologies, Inc., a part of DPW Holdings’ diversified portfolio,
is an innovative and trusted supplier of advanced electronic
technology solutions across a diverse mix of markets. Microphase
designs, develops, and manufactures standard and customized
state-of-the-art RF, Microwave, and Millimeter-wave components,
devices, subsystems and integrated modules primarily for the
Defense & Aerospace markets. For more information please see
www.Microphase.com and www.Coolisys.com.
ABOUT DPW HOLDINGS, INC.Headquartered in
Newport Beach, CA, DPW Holdings, Inc., is a diversified holding
company pursuing a growth strategy of acquiring undervalued assets
and disruptive technologies with a global impact. The Company
invests in diverse industries within the commercial,
defense/aerospace, industrial, communication, medical,
crypto-mining, hospitality, textile, and corporate
investment/lending sectors. DPW has evolved and grown from being a
leader in advanced power products. Through its subsidiaries, the
company continues to be a leader and supplier of innovative
technologies, advanced design and development services, and
state-of-the-art power products and solutions. DPW Holdings, Inc.’s
headquarters is located at 201 Shipyard Way, Suite E, CA 92663;
www.DPWHoldings.com.
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 anticipated shipment
and revenue recognition of customer orders. 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.
###
Contacts:
Ron Parham or Kirsten Chapman, LHA Investor Relations, 415.433.3777, dpwholdings@lhai.com
Ault Global (AMEX:DPW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ault Global (AMEX:DPW)
Historical Stock Chart
From Apr 2023 to Apr 2024