{"id":507444,"date":"2021-06-29T06:33:12","date_gmt":"2021-06-29T10:33:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ault-global-holdings-coolisys-technologies-receives-authorization-to-expedite-fulfillment-of-1-3-million-military-contract-for-power-solutions-in-tactical-vehicles\/"},"modified":"2021-06-29T06:33:12","modified_gmt":"2021-06-29T10:33:12","slug":"ault-global-holdings-coolisys-technologies-receives-authorization-to-expedite-fulfillment-of-1-3-million-military-contract-for-power-solutions-in-tactical-vehicles","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ault-global-holdings-coolisys-technologies-receives-authorization-to-expedite-fulfillment-of-1-3-million-military-contract-for-power-solutions-in-tactical-vehicles\/","title":{"rendered":"Ault Global Holdings\u2019 Coolisys Technologies Receives Authorization to Expedite Fulfillment of $1.3 Million Military Contract for Power Solutions in Tactical Vehicles"},"content":{"rendered":"

<\/p>\n

Ault Global Holdings\u2019 Coolisys Technologies Receives Authorization to Expedite Fulfillment of $1.3 Million Military Contract for Power Solutions in Tactical Vehicles<\/b><\/p>\n

LAS VEGAS–(BUSINESS WIRE<\/a>)–Ault Global Holdings, Inc.<\/a> (NYSE American: DPW), a diversified holding company (the \u201cCompany<\/b>\u201d), announced that its subsidiary, Coolisys Technologies Corp.<\/a> (\u201cCoolisys<\/b>\u201d), has through its subsidiary Digital Power Corporation<\/a> (\u201cDPC<\/b>\u201d) 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.\n<\/p>\n

\nThe 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\u2019 solution in the multi-mission vehicles.\n<\/p>\n

\nCoolisys 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\u2019 products are designed to serve mission-critical applications in the harshest environments and for lifesaving and life-sustaining applications across diverse markets.\n<\/p>\n

\nCoolisys\u2019 CEO, Amos Kohn, said, \u201cWe 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\u2019 customized rugged high-reliability power system that is currently being used in field operations.\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 with the SEC, available at\u00a0 www.sec.gov<\/a>, and press releases available under the Investor Relations section at\u00a0 www.AultGlobal.com<\/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 Holdings\u2019 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

\nCoolisys 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<\/a>,<\/span>info@coolisys.com<\/a><\/span> or 1\u2011877-634-0982\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\/20210629005539\/en\/<\/a><\/span><\/p>\n

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

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

INDUSTRY KEYWORDS:<\/b> Other Defense Professional Services Contracts Technology Defense Rail Engineering Maritime Transport Automotive Manufacturing Consulting Telecommunications Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Ault Global Holdings\u2019 Coolisys Technologies Receives Authorization to Expedite Fulfillment of $1.3 Million Military Contract for Power Solutions in Tactical Vehicles LAS VEGAS–(BUSINESS WIRE)–Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the \u201cCompany\u201d), announced that its subsidiary, Coolisys Technologies Corp. (\u201cCoolisys\u201d), has through its subsidiary Digital Power Corporation (\u201cDPC\u201d) 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 … <\/p>\n

Continue reading “Ault Global Holdings\u2019 Coolisys Technologies Receives Authorization to Expedite Fulfillment of $1.3 Million Military Contract for Power Solutions in Tactical Vehicles”<\/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-507444","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAult Global Holdings\u2019 Coolisys Technologies Receives Authorization to Expedite Fulfillment of $1.3 Million Military Contract for Power Solutions in Tactical Vehicles - 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-technologies-receives-authorization-to-expedite-fulfillment-of-1-3-million-military-contract-for-power-solutions-in-tactical-vehicles\/\" \/>\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 Technologies Receives Authorization to Expedite Fulfillment of $1.3 Million Military Contract for Power Solutions in Tactical Vehicles - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ault Global Holdings\u2019 Coolisys Technologies Receives Authorization to Expedite Fulfillment of $1.3 Million Military Contract for Power Solutions in Tactical Vehicles LAS VEGAS–(BUSINESS WIRE)–Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the \u201cCompany\u201d), announced that its subsidiary, Coolisys Technologies Corp. (\u201cCoolisys\u201d), has through its subsidiary Digital Power Corporation (\u201cDPC\u201d) 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. 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(NYSE American: DPW), a diversified holding company (the \u201cCompany\u201d), announced that its subsidiary, Coolisys Technologies Corp. (\u201cCoolisys\u201d), has through its subsidiary Digital Power Corporation (\u201cDPC\u201d) 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. 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