Diversified holding company DPW Holdings, Inc. (NYSE
American: DPW) this morning announced that Enertec Corp., an Israel-based
defense solutions group of Coolisys Technologies, Inc., a part of DPW Holdings’
diversified portfolio, has secured a $4.3 million second-stage contract award
from an Israeli defense and aerospace contractor to supply computer-based
command and control missile defense systems. Enertec previously developed and
manufactured a deployable mobile command and control center for medium range
ground-to-air missile defense systems for the same customer. Enertec
anticipates the delivery of a substantial amount of the new project during
2018. “This project illustrates Enertec’s growing reputation as an innovative
provider of state-of-the-art missile defense and aerospace systems. Coolisys’
acquisition of Enertec in May 2018, as part of our strategy of growth through
synergistic acquisitions, is enabling us to increase our revenues and expand
our customer base. This win will help to further solidify Coolisys’ position as
an advanced aerospace and defense technology supplier for major strategic
defense programs,” Coolisys president and CEO Amos Kohn stated in the news
release.
To view the full press release, visit http://ibn.fm/ysUCx
About DPW Holdings, Inc.
Headquartered in Newport Beach, California, DPW Holdings,
Inc. is a diversified holding company pursuing a growth strategy of acquiring
undervalued assets and disruptive technologies with a global impact. The
company invests in diverse industries within the commercial, defense/aerospace,
industrial, communication, medical, crypto-mining, hospitality, textile and
corporate investment/lending sectors. DPW has evolved and grown from being a
leader in advanced power products. Through its subsidiaries, the company
continues to be a leader and supplier of innovative technologies, advanced
design and development services, and state-of-the-art power products and
solutions. For more information, visit the company’s website at www.DPWHoldings.com
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