{"id":464835,"date":"2021-03-25T06:33:07","date_gmt":"2021-03-25T10:33:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464835"},"modified":"2021-03-25T06:33:07","modified_gmt":"2021-03-25T10:33:07","slug":"ault-global-holdings-coolisys-power-electronics-receives-10-5-million-order-for-residential-electric-vehicle-chargers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ault-global-holdings-coolisys-power-electronics-receives-10-5-million-order-for-residential-electric-vehicle-chargers\/","title":{"rendered":"Ault Global Holdings\u2019 Coolisys Power Electronics Receives $10.5 Million Order for Residential Electric Vehicle Chargers"},"content":{"rendered":"

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Ault Global Holdings\u2019 Coolisys Power Electronics Receives $10.5 Million Order for Residential Electric Vehicle Chargers<\/b><\/p>\n

LAS VEGAS–(BUSINESS WIRE<\/a>)–
\nAult Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the \u201cCompany<\/b>\u201d), announced today that its power electronics business, Coolisys Technologies Corp. (\u201cCoolisys<\/b>\u201d), has received a $10.5 million purchase order for 30,000 7kW residential EV charging systems. Coolisys received the purchase order in conjunction with entering into a three-year Purchase and Resale Agreement (\u201cAgreement<\/b>\u201d) for the residential chargers with Origin Micro and its subsidiary, iNetSupply.com (collectively, \u201ciNet<\/b>\u201d). Coolisys anticipates that it will, in connection with fulfilling the purchase order, sell accessories to the residential charging EV systems in the approximate amount of $1.5 million through iNet. The 7kW wall-mount charging system runs on 208\/240 volts and is compatible with the SAE J1772 charging connector, with the option to add an adapter to charge Tesla vehicles.\n<\/p>\n

\niNet is a leader in distributing new products for many popular brands including Lenovo, Dell, HP and Cisco through its strong relationships with traditional and e-commerce channels and platforms. The 7kW wall-mount residential charger and its peripherals will be available for purchase and preorder at iNetSupply.com. We expect that the 7kW wall-mount charger and peripherals will during the next few months be listed on Newegg.com, NeweggBusiness.com, Amazon.com, eBay.com and Walmart.com. iNet is highly regarded for delivering product integrity and customer service to businesses and consumers.\n<\/p>\n

\niNet\u2019s President, Donald G. Doney, Jr. stated, \u201cThe future of humanity\u2019s daily transportation lies in the development of EV and EV infrastructure. Affordable, rapid charging of those millions of EV\u2019s requires expertly engineered devices that are easy to use and install. We are excited to enter this agreement with Coolisys and navigate the growth of Coolisys\u2019 groundbreaking residential line of chargers to the public.\u201d\n<\/p>\n

\nCoolisys\u2019 President and CEO, Amos Kohn said, \u201cWe are pleased to announce this purchase and resale agreement with iNet along with our second purchase order from iNet. We look forward to cultivating the opportunities that iNet can provide in what we anticipate being a burgeoning relationship. iNet provides the level of experience, knowledge, integrity, and professionalism that we believe to be required to launch, manage, and grow our residential EV charging product line. We believe our EV residential charger product line will be well positioned to address the expected rapid expansion of infrastructure required to support broad adoption of electric vehicles globally.\u201d\n<\/p>\n

\nFor more information on Ault Global Holdings and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company\u2019s public filings and press releases available under the Investor Relations section at www.AultGlobal.com<\/a> or available at www.sec.gov<\/a>.\n<\/p>\n

About Ault Global Holdings, Inc.<\/b><\/p>\n

\nAult 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 Holding\u2019s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.AultGlobal.com<\/a>.\n<\/p>\n

About Coolisys Technologies Corp.<\/b><\/p>\n

\nCoolisysdesigns and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications in the harshest environments and lifesaving, life-sustaining applications and electric vehicle supply equipment across diverse markets including automotive, defense\/aerospace, medical\/healthcare, industrial and telecommunications. Coolisys\u2019 headquarters are located at 1635 South Main Street, Milpitas, CA 95035; www.Coolisys.com<\/a>.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains \u201cforward looking statements\u201d 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 \u201cbelieves,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cprojects,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cpotential,\u201d 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\u2019s business and financial results are included in the Company\u2019s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company\u2019s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov<\/a> and on the Company\u2019s website at www.AultGlobal.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210325005410\/en\/<\/a><\/span><\/p>\n

IR@AultGlobal.com<\/a> or 1-888-753-2235\n<\/p>\n

\n\u00a0\n<\/p>\n

KEYWORDS:<\/b> United States North America Nevada<\/p>\n

INDUSTRY KEYWORDS:<\/b> Automotive Manufacturing Aerospace Manufacturing Satellite Rail Defense Maritime Transport Telecommunications Other Defense Contracts Finance Consulting Professional Services Technology Public Relations\/Investor Relations Communications Textiles<\/p>\n

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Ault Global Holdings\u2019 Coolisys Power Electronics Receives $10.5 Million Order for Residential Electric Vehicle Chargers LAS VEGAS–(BUSINESS WIRE)– Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the \u201cCompany\u201d), announced today that its power electronics business, Coolisys Technologies Corp. (\u201cCoolisys\u201d), has received a $10.5 million purchase order for 30,000 7kW residential EV charging systems. Coolisys received the purchase order in conjunction with entering into a three-year Purchase and Resale Agreement (\u201cAgreement\u201d) for the residential chargers with Origin Micro and its subsidiary, iNetSupply.com (collectively, \u201ciNet\u201d). Coolisys anticipates that it will, in connection with fulfilling the purchase order, sell accessories to the residential charging EV systems in the approximate amount of $1.5 million through iNet. The 7kW wall-mount charging system … <\/p>\n

Continue reading “Ault Global Holdings\u2019 Coolisys Power Electronics Receives $10.5 Million Order for Residential Electric Vehicle Chargers”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-464835","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAult Global Holdings\u2019 Coolisys Power Electronics Receives $10.5 Million Order for Residential Electric Vehicle Chargers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ault-global-holdings-coolisys-power-electronics-receives-10-5-million-order-for-residential-electric-vehicle-chargers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ault Global Holdings\u2019 Coolisys Power Electronics Receives $10.5 Million Order for Residential Electric Vehicle Chargers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ault Global Holdings\u2019 Coolisys Power Electronics Receives $10.5 Million Order for Residential Electric Vehicle Chargers LAS VEGAS–(BUSINESS WIRE)– Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the \u201cCompany\u201d), announced today that its power electronics business, Coolisys Technologies Corp. (\u201cCoolisys\u201d), has received a $10.5 million purchase order for 30,000 7kW residential EV charging systems. Coolisys received the purchase order in conjunction with entering into a three-year Purchase and Resale Agreement (\u201cAgreement\u201d) for the residential chargers with Origin Micro and its subsidiary, iNetSupply.com (collectively, \u201ciNet\u201d). Coolisys anticipates that it will, in connection with fulfilling the purchase order, sell accessories to the residential charging EV systems in the approximate amount of $1.5 million through iNet. 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(NYSE American: DPW) a diversified holding company (the \u201cCompany\u201d), announced today that its power electronics business, Coolisys Technologies Corp. (\u201cCoolisys\u201d), has received a $10.5 million purchase order for 30,000 7kW residential EV charging systems. Coolisys received the purchase order in conjunction with entering into a three-year Purchase and Resale Agreement (\u201cAgreement\u201d) for the residential chargers with Origin Micro and its subsidiary, iNetSupply.com (collectively, \u201ciNet\u201d). Coolisys anticipates that it will, in connection with fulfilling the purchase order, sell accessories to the residential charging EV systems in the approximate amount of $1.5 million through iNet. 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