DPW Holdings Announces That Its Coolisys Power Electronics Business Has Received a $1,283,000 Purchase Order from a Defense Contractor

Newport Beach, Calif., April 01, 2020 (GLOBE NEWSWIRE) --  DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”), announced that its global power electronics business, Coolisys Technologies Corp. (“Coolisys”), through its subsidiary Digital Power Corporation (“DPC”), has received an initial order of $1,283,000 to provide comprehensive electrical and electronic systems for powering an onboard radio and other classified instruments installed and operated in customized military multi-mission vehicles. The customer has the option to increase the order amount to approximately $2,000,000. These vehicles are designed to serve elite and special forces units operating in urban warfare and close quarters combat. They are designed to be airmobile, capable off-road vehicles that can handle extreme terrain in a general reconnaissance role.

The solution provided by Coolisys will include an electrical system featuring electronic hardware and an imbedded management software that is approved and qualified by a Foreign Military Teleprocessing Branch, after extensive testing. A defense contractor specializing in customized off-road vehicles will be implementing Coolisys’ solution in the multi-mission vehicles.

Coolisys offers a variety of power electronic products including ruggedized, modified and off-the-shelf, or complete custom designs, from its in-house design team. Coolisys’ products are designed to serve mission critical applications in the harshest environments and for life-saving and life-sustaining applications across diverse markets.

Coolisys’ CEO, Amos Kohn said, “The recent order is the result of a long-term relationship, the company’s strong reputation for delivering custom high-reliability power solutions for the global defense industry and DPC’s expansion into this military business sector.”

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 or available at .

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-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. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; .

Forward-Looking Statements

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