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CryptoNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Announces Microphase Corp.’s $2.1M Contract with U.S. Defense Contractor

Company: DPW Holdings, Inc. (DPW)
Category: News

Diversified holding company DPW Holdings, Inc. (NYSE American: DPW) this morning announced that Microphase Corporation, a majority-owned subsidiary of Coolisys Technologies, Inc., a part of DPW Holdings’ diversified portfolio, secured a $2.1 million contract award from a first-tier U.S. government defense contractor to supply its sophisticated communications filters to be used in combat warfare system components. Since October 2015, Microphase has supplied earlier versions of the component to this defense contractor. Shipment of the component is anticipated to begin in late 2018 or early 2019. “We are committed to our customers and believe this significant, multi-year follow-on order illustrates our customers’ confidence in our ability to meet their needs. Microphase’s innovative radio frequency (RF), microwave and millimeter-wave technology solutions and products enable our customers to achieve higher performance and reliability at a reduced cost,” Microphase general manager Rock Martel stated in the news release.

To view the full press release, visit http://ccw.fm/fsP1y

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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