FREMONT, CA., Feb. 27, 2018 (GLOBE NEWSWIRE) -- – DPW Holdings, Inc. (NYSE American: DPW) ("DPW" or the "Company"), a diversified holding company, stated today that it has rescheduled its webcast to Thursday, March 15, 2018 which was originally set for February 21, 2018. The Company encourages its shareholders, investors and the public to participate in this event which will start upon the close of the financial markets that day (5:00 pm EST or 2:00 pm PST). The focus of the webcast will be on MTIX, Ltd. (“MTIX”) with topics ranging from the $50M purchase order and contract that the Company’s subsidiary, Coolisys Technologies (“Coolisys”), has with MTIX, to the Company’s investment in Avalanche International Corp. (“AVLP” or “Avalanche International”), the publicly traded parent of MTIX. The featured speaker will be Philip E. Mansour, the President and CEO of AVLP. All individuals interested in participating in the webcast can register by using this link, DPW Holdings Webcast Registration. The presentation released during the webcast will be available to the public through a current report on Form 8-K to be filed with the SEC prior to the webcast.
As previously announced on March 15, 2017, MTIX, headquartered in Huddersfield, West Yorkshire, U.K., issued an initial purchase order totaling $50M to manufacture, install and service textile treatment systems that utilize MTIX’s proprietary Multiplexed Laser Surface Enhancement (MLSE®) technology. MTIX has developed a cost effective and environmentally friendly material synthesis technology featuring a virtual dry process and breakthrough technology for textile applications utilizing the MLSE® system that uses a combination of high voltage, high frequency electrical discharge plasma and laser energy to imbue textiles with desirable technical characteristics.
“We are looking forward to once again engaging with our shareholders, investors and the public. We believe our webcast format provides a great value to both the Company and its shareholders. It is our hope that through our webcasts, our shareholders, investors and the public can learn about each subsidiary and strategic investment, and begin to appreciate the intrinsic value they each provide. It is with this spirit, we look forward to this webcast rescheduled for March 15, 2018,” said Milton “Todd” Ault, III, the CEO and Chairman of the Company. Ault added, “We anticipate this webcast focusing on MTIX will be very interesting and we will be happy to address questions from both the participants as well as those questions sent to DPW prior to the webcast. We are very pleased with our progress as we march forward to our goal of delivering the first finished units this year to MTIX, Ltd. In March of 2017, we announced the $50M purchase order from MTIX. Our current investment in Avalanche International, although made over time, was due to our appreciation of the sustainable and disruptive add-value proposition of the MLSE® technology and the impact it will have on the textile industry worldwide. I suggest those interested in the future of DPW to participate in the webcast.”
ABOUT DPW HOLDINGS, INC.
Headquartered in Fremont, CA, DPW Holdings, Inc., www.DPWHoldings.com, is a diversified holding company that, through its wholly owned subsidiary, Coolisys Technologies, Inc., is dedicated to providing world-class technology-based solutions where innovation is the main driver for mission-critical applications and lifesaving services. Coolisys’ growth strategy targets core markets that are characterized by “high barriers to entry” and include specialized products and services not likely to be commoditized. Coolisys through its portfolio companies develops and manufactures cutting-edge resonant switching power topologies, specialized complex high-frequency radio frequency (RF) and microwave detector-log video amplifiers, very high-frequency filters and naval power conversion and distribution equipment. Coolisys services the defense, aerospace, medical and industrial sectors and manages four entities including Digital Power Corporation, www.DigiPwr.com, a leading manufacturer based in Northern California, 1-877-634-0982; Digital Power Limited dba Gresham Power Ltd., www.GreshamPower.com, a manufacturer based in Salisbury, UK.; Microphase Corporation, www.MicroPhase.com with its headquarters in Shelton, CT 1- 203-866-8000; and Power-Plus Technical Distributors, www.Power-Plus.com, a wholesale distributor based in Sonora, CA 1-800-963-0066. Coolisys operates the branded division, Super Crypto Power, www.SuperCryptoPower.com.
Digital Power Lending, LLC, www.DigitalPowerLending.com, a wholly owned subsidiary of the Company, is based in Fremont, CA, and is a California private lending company dedicated to strategically providing capital to small and middle size businesses for an equity interest in addition to loan fees and interest. Super Crypto Mining, Inc. www.SuperCryptoMining.com is a wholly-owned subsidiary of the Company, is based in Fremont CA that leverages its engineering expertise and existing locations to create crypto currency mining facilities across the globe. Excelo, LLC, www.Excelo.com, a wholly-owned subsidiary of the Company, is a national search firm specializing in fulfilling strategic executive, professional and hi-tech placements for businesses delivering world-class services. DPW Holdings, Inc.’s headquarters is located at 48430 Lakeview Blvd., Fremont, California, 94538; 1-877-634-0982. For Investor inquiries: IR@DPWHoldings.com or 1-888-753-2235.
The foregoing release contains “forward-looking statements” 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, including statements regarding the acquisition and the ability to consummate the acquisition. 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 “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” 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’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.
Source: DPW Holdings, Inc.