Ault Global Holdings’ Subsidiary, TurnOnGreen Inc., Announces Launch of Its Commercial EV Charging Platform and Marketing Campaign
September 13 2021 - 6:30AM
Business Wire
First Installations of TurnOnGreen’s EV Smart Charging
Stations Scheduled to Begin Late September 2021 at Southern and
Central California Locations
Ault Global Holdings, Inc. (NYSE American: DPW) a diversified
holding company (the “Company”), announced today that its
power electronics business, TurnOnGreen Inc. (“TurnOnGreen” or
“TOGI”), formerly known as Coolisys Technologies Corp., has
successfully launched the TOGI commercial EV charging product line
and marketing campaign with installations in southern and central
California locations set for late September 2021 and into October
2021. TurnOnGreen Technologies (“TOGT”), a subsidiary of
TOGI, is a manufacturer of the EV charging and power storage
systems. TOGT’s commercial EV charging platform features four
models:
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- EVP700-G, a Level 2 smart charging system with 4G cellular
network technology;
- EVP700- F, a Level 2 smart charging system with Wi-Fi wireless
network technology;
- FSP600, a 60kW DC fast charging system supporting both CCS and
CHAdeMO charging protocols; and
- FSP1200, a 120KW DC Level 3 fast charging system supporting
both CCS and CHAdeMO charging protocols.
TOGI reports that the scheduled installations are a result of
receiving executed agreements that will be fully consummated upon
the successful delivery and installation of the systems.
“The TurnOnGreen commercial EV charging platform is intelligent,
flexible, customizable, and scalable to account for the millions of
electric vehicles expected to come to market over the next five
years that will require charging solutions,” said Amos Kohn,
President and CEO of TurnOnGreen. “Our commercial sales platform is
designed to facilitate the rapid adoption of EV’s in North America
and provide business owners with new opportunities to engage
customers, increase revenues and improve their local
community.”
According to a comprehensive research report by Market Research
Future entitled “Electric Vehicle Charging Station Market Research
Report, System, Vehicle Type and Region - Forecast till 2028,” the
EV charging station market size is projected to be worth $142.5
billion by 2028, registering a CAGR of 37.5% during the forecast
period (2021 - 2028). The market was valued at $15.4 billion in
2020.
For more information on TurnOnGreen’s product line, please visit
www.TurnOnGreen.com.
For more information on Ault Global Holdings and its
subsidiaries, the Company recommends that stockholders, investors
and any other interested parties read the Company’s public filings
and press releases available under the Investor Relations section
at www.AultGlobal.com or available at www.sec.gov.
About Ault Global Holdings, Inc.
Ault Global Holdings, Inc. is a diversified holding company
pursuing growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly and
majority-owned subsidiaries and strategic investments, the Company
provides mission-critical products that support a diverse range of
industries, including defense/aerospace, industrial, automotive,
telecommunications, medical/biopharma, and textiles. In addition,
the Company extends credit to select entrepreneurial businesses
through a licensed lending subsidiary. Ault Global Holding’s
headquarters are located at 11411 Southern Highlands Parkway, Suite
240, Las Vegas, NV 89141; www.AultGlobal.com.
About TurnOnGreen Inc.
TurnOnGreen Inc. designs and manufactures innovative,
feature-rich, and top-quality power products for mission-critical
applications, lifesaving and sustaining applications spanning
multiple sectors in the harshest environments. The diverse markets
we serve include defense and aerospace, medical and healthcare,
industrial, telecommunications and e-Mobility. TurnOnGreen brings
decades of experience to every project, working with our clients to
develop leading-edge products to meet a wide range of needs.
TurnOnGreen headquarters are located at Milpitas, CA;
www.TurnOnGreen.com.
Forward-Looking Statements
This press 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. 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.AultGlobal.com.
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