DPW Holdings’ Coolisys Power Electronics Business Introduces Electric Vehicle Charger Product Line
July 20 2020 - 6:30AM
DPW Holdings, Inc. (NYSE American: DPW) a diversified holding
company (“
DPW,” or the
“
Company”), announced that its power electronics
business, Coolisys Technologies Corp.
(“
Coolisys”), is introducing a new product line of
electric vehicle (“
EV”) chargers including an
innovative charging solution that is expected to produce a full
charge for an EV with a 150-mile range battery in just over 30
minutes.
The EV charging stations market is projected to
reach $27.7 billion by 2027 from an estimated $2.5 billion last
year, growing at a compound annual growth rate of 34.7%.
The Coolisys EV charger product line includes a
wide range of solutions from level 1 EV chargers for household
usage (120V AC power) to level 3 super charging for commercial
applications (480V DC or higher). Coolisys provides three types of
connector standards for fast DC chargers including CHAdeMO (e.g.,
Honda, Nissan, Toyota, others), CCS (e.g., BMW, Ford, GM, Jaguar,
Volkswagen, others) and Tesla.
The Coolisys product line includes the
following:
AC product line:7kW single-phase AC slow EV
charging22kW single-phase AC slow EV charging42kW single-phase AC
slow EV charging
DC product line:60kW triple-phase DC fast EV
charging80kW triple-phase DC fast EV charging120kW triple-phase DC
fast EV charging160kW triple-phase DC fast EV charging180kW
triple-phase DC fast EV charging240kW triple-phase DC fast EV
charging320kW triple-phase DC fast EV charging
Coolisys’ President and CEO, Amos Kohn said, “We
are pleased to announce the introduction of EV chargers to our
Coolisys product line. These new products are well positioned to
address the expected rapid expansion of infrastructure required to
support broad adoption of electric vehicles globally. Entering the
EV charger market significantly expands the breadth of our product
offerings as we look to introduce additional products for the
automotive industry and continue our strong reputation for
delivering high-reliability power solutions designed to serve
mission critical applications in the harshest environments.”
For more information on DPW 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.DPWHoldings.com or available at www.sec.gov.
About Coolisys Technologies
Corp.
Coolisys and its portfolio companies and
divisions are primarily engaged in the design and manufacture of
innovative, feature rich, and top-quality power products for
mission critical applications in the harshest environments and
life-saving, life sustaining applications across diverse markets
including defense-aerospace, medical-healthcare, industrial,
telecommunications, and automotive. Coolisys’ headquarters are
located at 48430 Lakeview Boulevard, Fremont, CA, 94538;
www.Coolisys.com.
About DPW Holdings, Inc.
DPW 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,
telecommunications, medical, and textiles. In addition, the Company
extends credit to select entrepreneurial businesses through a
licensed lending subsidiary. DPW’s headquarters are located at 201
Shipyard Way, Suite E, Newport Beach, CA 92663;
www.DPWHoldings.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.DPWHoldings.com.
Contacts:
IR@DPWHoldings.com or 1-888-753-2235
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