DPW - Ault Global Holdings' Coolisys Technologies receives authorization to expedite $1.3M military contract

Coolisys Technologies, a subsidiary of Ault Global Holdings (DPW) through its subsidiary Digital Power Corporation has received authorization to expedite a purchase order for $1.3M to provide comprehensive electrical and electronic systems to power radio and other classified instruments installed and operated in customized military multi-mission tactical vehicles.Order was originally to be fulfilled over a three-year period but has now been authorized to be completed this year.. Coolisys’ CEO, Amos Kohn, said, “We 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’ customized rugged high-reliability power system that is currently being used in field operations.”Yesterday, the company has acquired 40% stake in Adtech Pharma for $3M.

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Ault Global Holdings’ Coolisys Technologies receives authorization to expedite $1.3M military contract