|DPW Holdings’ Coolisys Technologies Awarded $2.9 Million Contract|
NEWPORT BEACH, Calif.,
Zvi Avni, the CEO of Enertec, said, “This important win is the result of a multi-year sales developmental effort and reinforces Enertec’s strategic focus on delivering complex solutions for the defense, and aerospace industry, domestically and abroad. We believe we are well-positioned to pursue additional orders for similar systems from existing and new customers.”
Coolisys’ President and CEO, Amos Kohn, stated, “We are excited that Enertec was awarded this contract to provide a satellite testing system based on our modular test-system architecture. We believe this illustrates Enertec’s ability to work with our customers to identify their needs and demands and enhances Enertec’s reputation as an innovative provider of state-of-the-art mission computer testing equipment. This exemplifies Coolisys’ strong customer-driven ability to provide comprehensive advanced technological solutions for the rapidly expanding aerospace industry.”
"For more information on the Company, DPW 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 http://www.DPWHoldings.com or available at www.sec.gov."
The foregoing 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
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