Benzinga | Oct 28, 2020 06:27AM EDT

DPW Holdings Announces That Its Coolisys Power Electronics Business Has Received A $1.4M Purchase Order From A Global Medical Device Company

NEWPORT BEACH, Calif., Oct. 28, 2020 (GLOBE NEWSWIRE) -- DPW Holdings, Inc. (NYSE:DPW) a diversified holding company ("DPW," or the "Company"), announced that its power electronics business, Coolisys Technologies Corp. ("Coolisys"), has received a $1.4 million order from an existing global medical device customer.



Coolisys offers a variety of power electronic products, including high-grade custom power supplies, feature-rich power rectifiers and value-added system solutions, as well as off-the-shelf products from its in-house design team. Coolisys products are designed to serve mission critical applications for lifesaving and life-sustaining products across diverse markets. Coolisys medical and healthcare power products are tailored for specific applications and comply with rigorous medical safety standards and FDA requirements for medical electrical equipment.

Coolisys' CEO, Amos Kohn said, "In addition to recent momentum in rolling out new products for electric vehicle chargers and energy storage systems, we are seeing an increase in demand for next-generation products in the medical and healthcare sector. The recent $1.4 million order is the result of a long-term relationship with a global customer, coupled with the company's strong reputation for delivering custom high-reliability power solutions for the medical device industry."

For more information on DPW Holdings and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company's public filings and press releases available under the Investor Relations section at www.DPWHoldings.com or available at www.sec.gov.