Diversified holding company DPW Holdings, Inc. (NYSE American: DPW) this morning announced that Enertec Corp., an Israel-based defense solutions group of Coolisys Technologies, Inc., a part of DPW Holdings’ diversified portfolio, has secured a $4.3 million second-stage contract award from an Israeli defense and aerospace contractor to supply computer-based command and control missile defense systems. Enertec previously developed and manufactured a deployable mobile command and control center for medium range ground-to-air missile defense systems for the same customer. Enertec anticipates the delivery of a substantial amount of the new project during 2018. “This project illustrates Enertec’s growing reputation as an innovative provider of state-of-the-art missile defense and aerospace systems. Coolisys’ acquisition of Enertec in May 2018, as part of our strategy of growth through synergistic acquisitions, is enabling us to increase our revenues and expand our customer base. This win will help to further solidify Coolisys’ position as an advanced aerospace and defense technology supplier for major strategic defense programs,” Coolisys president and CEO Amos Kohn stated in the news release.
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About DPW Holdings, Inc.
Headquartered in Newport Beach, California, 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. For more information, visit the company’s website at www.DPWHoldings.com
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