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NetworkNewsBreaks – DPW Holdings, Inc.’s (NYSE: DPW) Gresham Worldwide Defense Business Awarded $1.4M Purchase Order from Leading Defense and Aerospace Customer

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

DPW Holdings (NYSE: DPW), a diversified holding company, today announced that its global defense business, Gresham Worldwide, Inc., has received a $1.4 million order from a leading defense and aerospace customer of its wholly owned subsidiary Enertec Systems 2001, Ltd. According to the update, after receiving a $2.9 million order in 2019 to develop a unique and complex testing system, Enertec, an Israel-based leading defense and aerospace designer and manufacturer of advanced multi-purpose electronic systems, recently received an additional $1.4 million follow-up order related to the testing system. Enertec management believes the customer has the potential to order over $10 million of its products per year. “Our recently announced $7.7 million exchange agreement improved our capital structure and enabled management to focus on the many opportunities we have to grow our business,” DPW’s CEO and Chairman, Milton “Todd” Ault, III said in the news release. “We are committed to providing additional financial resources to enable Enertec and our other Gresham Worldwide defense subsidiaries to expand.”

To view the full press release, visit http://nnw.fm/E8OtX

About DPW Holdings, Inc.

DPW 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, telecommunications, medical, crypto-mining, and textiles. In addition, the Company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663. For more information, visit www.DPWHoldings.com.

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