NEWPORT BEACH, CA, June 22, 2018 (GLOBE NEWSWIRE) -- 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 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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