DPW Holdings, Inc. (NYSE American: DPW) this morning announced that its subsidiary, Coolisys Technologies, Inc., has received two repeat customer contracts valued at $1.3 million. The recent contracts include a $630,000 order for a Power-Plus value-added solution from a leading dental technology company and a $400,000 order for a custom high-grade AC/DC Digital Power Corporation power supply from a tier-1 medical technology company. “The success of Coolisys and its business units is driven by our ability to design, develop and deliver cost effective power solutions to highly discerning customers, especially those in the medical and dental industry,” Coolisys COO Russell Woodmansee stated in the news release. “We offer custom design capability and program management that shortens time-to-market objectives for our customers. Both these customers have increased existing orders, underscoring the quality of our services and our power electronics products. Our team has a long history of operational excellence, helping OEMs get high-level assemblies just in time, while also providing top-notch field repair and support services.”
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About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with global impact. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. For more information, visit the company’s website at www.DPWHoldings.com
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