Today,
Digital Power reported its wholly owned subsidiary, Digital Power Ltd. has been
rewarded a $2 million defense export order from the Republic of Korea. The
order calls for providing the Republic of Korea with uninterruptible power
systems for installation on Military Afloat Reach and Sustainability tankers
being built by Daewoo Shipbuilding and Marine Engineering.
These
tankers are being built to deliver logistical support, ammunition and other
supplies to Type 45 destroyers while they are at sea. Digital Power already has
provided an extensive suite of power conversion and distribution equipment for
this destroyer fleet.
Jake Moir,
Managing Director of Digital Power Limited, commented, “After nine months of
hard work by our Republic of Korea partner, C&A Electric, and us, we are
pleased to have secured this important contract. This order will be a major
part of our forward order book for the next two years and provides us with a
platform to develop additional new products for customers worldwide. Our
defense business continues to grow with customers in markets that include
Spain, France, Australia, India, and now South Korea.”
Amos Kohn,
president and CEO of Digital Power Corporation, commented, “We continue to
search for new products and markets and are very pleased to have penetrated
this important market segment as part of our ongoing expansion into the
international defense industries. The recent award of the Republic of Korea
naval defense project to our subsidiary, Digital Power Limited, follows the
award of the LVPS project by the Israel Aerospace Industries and demonstrates
our expansion of power technologies to the worldwide defense market,” Mr. Kohn
continued. “In this increasingly unstable world, we are proud to do our part to
support our strategic allies.”
For more
information, visit: www.digipwr.com
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