Benzinga | Jan 27, 2021 06:43AM EST

Ault Global Holdings' Coolisys Power Electronics Business Receives Purchase Order For 5,000 Electric Vehicle Charging Units For Aggregate Of $1.74M

Ault Global Holdings, Inc. (NYSE:DPW) a diversified holding company (the "Company"), announced today that its power electronics business, Coolisys Technologies Corp. ("Coolisys"), has received a purchase order for 5,000 ACECool(tm) 7kW residential electric vehicle ("EV") charging systems for an aggregate of $1.75 million and expects to receive orders for a substantially greater number of such chargers from iNetSupply, LLC. The purchase order and expected follow up orders are part of an anticipated agreement with iNetSupply, LLC and its wholesale sister company, Origin Micro, LLC (collectively, "iNet") to exclusively resell and distribute the ACECool(tm) 7kW residential EV charging systems. The ACECool(tm) 7kW wall-mount charging system runs on 240 volts and is compatible with the SAE J1772 charging connector, with the option to add an adapter to charge Tesla vehicles.