Coolisys Technologies Announces Acquisition of Power-Plus Technical Distributors

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Digital Power Corporation (NYSE MKT:DPW) a company seeking to increase revenues through acquisitions and organic growth, today announced that its wholly owned subsidiary, Coolisys Technologies, Inc., a technology-centric holding company which is dedicated to servicing the defense and aerospace sectors as well as industrial and medical based businesses worldwide, has entered a Definitive Agreement to purchase all outstanding membership interest in Power-Plus Technical Distributors, LLC, a California limited liability company.

Power-Plus is in the business of transforming standard off-the-shelf power supplies into fully tested, plug-and-play power systems specifically tailored to meet customer applications. For 26 years, Power Plus has designed and delivered cost-effective power solutions for hundreds of companies, thousands of applications, and for almost every industry. With annual revenues for 2016 of over $2M and $400K in EBITDA (on a non-GAAP basis), Power-Plus distributes nationwide over 350 products including more than 85-lines of power supplies and about 40-lines of power-related electronic components. Power-Plus is led by its founder and CEO, William H. “Bill” Gordon, whom has a skilled sales and marketing team that is known to provide advanced technical expertise and world-class customer service. Power-Plus is headquartered in Sonora, California with facilities that met applicable safety requirements and quality standards certified by TUV and are UL-approved and certified.

Amos Kohn, the Company’s President and Chief Executive Officer, stated, “Coolisys Technologies is very pleased and excited to announce our first strategic acquisition, Power-Plus Technical Distributors, with their extensive network of customers and commercial relationships, their fine line of products and their dedication to excellent customer service and value. Adding Power-Plus to our power solutions product group brings the expertise of value-added integration of electronic power supply solutions that provide significant performance advantages and substantial value to highly focused technology. The acquisition of Power-Plus is a part of our growth strategy and assists with our objective to expand our reach in North America and throughout worldwide markets. We foresee this acquisition bringing added value to our shareholders and assisting Coolisys to unlock value throughout its subsidiaries.”  The Company is purchasing Power-Plus for $850,000 of which $198,000 will be to pay off debt with the remainder to be paid out in cash over time. The Company said it anticipates the transaction to close on or around September 1, 2017. For further details, the Company encourages its shareholders, investors and others to refer to its 8-K report filed today with the Securities and Exchange Commission at www.sec.gov.

As previously reported on August 4, 2017, the Company also stated it expects to report its 2nd quarter financials on or about August 14, 2017 and expects to change its name, Digital Power Corporation, and its stock symbol later this year.

About Digital Power

Headquartered in Fremont, CA, Digital Power Corporation designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Our products are used in the most demanding communications, industrial, medical and military applications where customers demand high density, high efficiency and ruggedized power solutions. The Company’s wholly owned subsidiary, Coolisys Technologies, Inc. a technology focused developer and manufacturer that services the defense, aerospace, medical and industrial sectors, has 2 subsidiaries. Digital Power Limited is based in Salisbury, UK is wholly-owned. Microphase Corporation, is a majority owned subsidiary, with its headquarters in Shelton, CT (203) 866-8000. Website: www.microphase.com. Digital Power’s headquarters is located at 48430 Lakeview Blvd., Fremont, California, 94538; 1-877-634-0982. Website: www.digipwr.com.

For Investor Relations inquiries: IR@digipwr.com or 1-888-753-2235.

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Steve Kanaval Portfolio Manager (Digital Currency) Ault & Company www.ault.com teve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve is one of the few managers who publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. Ault & Company is a private diversified holding company identifying undervalued public & private companies and disruptive technologies that executes strategies to achieve an above market rate return and liquidity for investors while measuring impact and sustainability principles of their disruptive technology and investment strategies.

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