DPW Holdings, Inc. (NYSE American: DPW) ("
DPW" or
the "
Company"), a diversified holding company,
stated today that its subsidiary, Coolisys Technologies, Inc.
(“
Coolisys”), anticipates that it will begin
delivering the power supplies that have been ordered from
http://www.SuperCryptoPower.com since its announcement dated
December 4, 2017 within the next 40-45 days. Coolisys expects to
fulfill the first 1,000 backordered units of its AC-DC power supply
created for use with the acclaimed Antminer S-9 model from Bitmain
Masters as well as other miners. Coolisys is pleased to note that
the demand from B2B and commercial customers has been significant.
Coolisys also announced that it anticipates producing a 2000W
modular, rack mountable power supply that can service multiple
mining units simultaneously. The modular feature of the power
supply means that these units are scalable, enabling a user to
create a chain of multiple 2000W power supplies which can then
power even more mining devices, in aggregate. Those interested in
this product can begin placing pre-orders beginning February 1,
2018 at www.SuperCryptoPower.com.
Amos Kohn, President and CEO of Coolisys stated, “With our
competitive advantage from our expertise in developing and
providing advanced power solutions for sectors that range from
technology and military to the industrial and healthcare, we
believe our cryptocurrency initiatives and products will have a
material effect on the Company’s consolidated revenues and net
income during 2018. Later this year, we are scheduled to release
our new Super Crypto Power solution with additional control
features, higher power and better efficiency.”
The active digital mining markets including Bitcoin, Ethereum,
Bitcoin Cash, Litecoin, Dash and over 1,300 other mineable digital
currencies have created a budding hardware demand driving the need
for efficient low-cost power solutions. Cryptocurrency mining of
block-chain transactions is power-hungry with the most successful
miners consisting of those that get the highest hash rates out of
their systems, at the lowest total cost. Since electricity is the
biggest operational cost of mining, it follows that maximizing the
efficiency of the power supply is critical. With even the smallest
of efficiencies delivering notable savings, Coolisys believes that
it can readily commercialize a new line of crypto mining power
solutions within a suite of products.
ABOUT DPW HOLDINGS, INC.
Headquartered in Fremont, CA, DPW Holdings, Inc.,
www.DPWHoldings.com, is a diversified holding company that, through
its wholly owned subsidiary, Coolisys Technologies, Inc., is
dedicated to providing world-class technology-based solutions where
innovation is the main driver for mission-critical applications and
lifesaving services. Coolisys’ growth strategy targets core markets
that are characterized by “high barriers to entry” and include
specialized products and services not likely to be commoditized.
Coolisys through its portfolio companies develops and manufactures
cutting-edge resonant switching power topologies, specialized
complex high-frequency radio frequency (RF) and microwave
detector-log video amplifiers, very high-frequency filters and
naval power conversion and distribution equipment. Coolisys
services the defense, aerospace, medical and industrial sectors and
manages four entities including Digital Power Corporation,
www.DigiPwr.com, a leading manufacturer based in Northern
California, 1-877-634-0982; Digital Power Limited dba Gresham Power
Ltd., www.GreshamPower.com, a manufacturer based in Salisbury, UK.;
Microphase Corporation, www.MicroPhase.com with its headquarters in
Shelton, CT 1- 203-866-8000; and Power-Plus Technical Distributors,
www.Power-Plus.com, a wholesale distributor based in Sonora, CA
1-800-963-0066. Coolisys operates the branded division, Super
Crypto Power, www.SuperCryptoPower.com.
Digital Power Lending, LLC, a wholly owned subsidiary of the
Company, is based in Fremont, CA, and is a California private
lending company dedicated to strategically providing capital to
small and middle size businesses for an equity interest in addition
to loan fees and interest, www.DigitalPowerLending.com. Excelo,
LLC, 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, www.Excelo.com. DPW Holdings, Inc.’s headquarters is
located at 48430 Lakeview Blvd., Fremont, California, 94538;
1-877-634-0982. For Investor inquiries: IR@DPWHoldings.com or
1-888-753-2235.
Forward-Looking Statements
The 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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