DPW Wins $1.1M Military Contract to Supply a Multiple Output Power Solution Solution

DPW Holdings, Inc. (NYSE:DPW) a diversified holding company ("DPW," or the "Company"), announced that its power electronics business, Coolisys Technologies Corp.® ("Coolisys®"), has been awarded $1.1 million contract to manufacture and supply a rugged fully customized DC to DC multiple output power switching solution for tactical military use. Coolisys' subsidiary, Digital Power Corporation, will provide the customized power switcher to power azimuth satellite-controlled systems in conjunction with tactical precision weaponry and warfare. Designed to operate in GPS-disturbed or jammed battlefield scenarios, the Coolisys customized power switcher features a persistent capability that will provide azimuth satellite-controlled systems with continuous and stable power through multiple power sources in harsh operating conditions. The Company believes the contract was awarded to Coolisys' Digital Power Corporation due to its 15-year proven track record and reputation of providing high-quality and reliable complex power solutions deployed in Modular Azimuth Position Systems (MAPS) for tactical warfare. Coolisys' defense contracted partner provides defensive and offensive weapons for air, land, sea and space, and command/control systems.