Ault Global Holdings’ Coolisys Technologies Receives Authorization to Expedite Fulfillment of $1.3 Million Military Contrac...
June 29 2021 - 6:30AM
Business Wire
Ault Global Holdings, Inc. (NYSE American: DPW), a diversified
holding company (the “Company”), announced that its
subsidiary, Coolisys Technologies Corp. (“Coolisys”), has
through its subsidiary Digital Power Corporation (“DPC”)
received authorization to expedite a purchase order for $1.3
million to provide comprehensive electrical and electronic systems
to power radio and other classified instruments installed and
operated in customized military multi-mission tactical vehicles.
This customer purchase order from a defense contractor was
originally to be fulfilled over a three-year period but has now
been authorized to be completed this year. These vehicles are
designed to serve special forces units operating in an urban
warfare environment 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 embedded with 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
rugged, 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 lifesaving and life-sustaining applications across diverse
markets.
Coolisys’ CEO, Amos Kohn, said, “We are pleased to expedite this
contract from a leading global defense customer specializing in
customized vehicles used by special forces units. This order is the
result of the compact and cost-effective design of Coolisys’
customized rugged high-reliability power system that is currently
being used in field operations.”
For more information on Ault Global Holdings and its
subsidiaries, the Company recommends that stockholders, investors
and any other interested parties read the Company’s public filings
with the SEC, available at www.sec.gov, and press releases
available under the Investor Relations section at
www.AultGlobal.com.
About Ault Global Holdings, Inc.
Ault Global 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, automotive,
telecommunications, medical/biopharma, and textiles. In addition,
the Company extends credit to select entrepreneurial businesses
through a licensed lending subsidiary. Ault Global Holdings’
headquarters are located at 11411 Southern Highlands Parkway, Suite
240, Las Vegas, NV 89141; www.AultGlobal.com.
About Coolisys Technologies Corp.
Coolisys Technologies Corp. designs and manufactures innovative,
feature-rich, and top-quality power products for mission-critical
and life-sustaining applications spanning multiple sectors in the
harshest environments. The diverse markets we serve include
automotive, defense, aerospace, medical and healthcare, industrial,
and telecommunications. Coolisys brings decades of experience to
every project, working with our clients to develop leading-edge
products to meet a wide range of needs. Coolisys is headquartered
in Milpitas, CA; www.Coolisys.com,
info@coolisys.com or
1‑877-634-0982
Forward-Looking Statements
This press release contains “forward looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and the Company undertakes no obligation to update any of them
publicly in light of new information or future events. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at www.sec.gov and on the Company’s
website at www.AultGlobal.com.
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