DPW Holdings Inc. (NYSEAMERICAN:DPW) lost in its previous trading session by 1.52% closing the day at $0.097.
The slip comes at the back of the company announcing that they are combining the strengths of the Power Plus Technical Distributors, LLC, and the Digital Power Corporation into a distribution model focussing on sales under the Power Plus Electronics brand.
Consolidating business platform
Power Plus Technical Distributors and Digital Power Corporation operate under the umbrella of DPW Technology Group led by Russ Woodmansee as the newly appointed CEO and Tim Taylor as the Sales and Marketing Vice President.
Even though the market is dynamic and keeps changing some things remain, the same and customers expect great support and service. The consolidated Power Plus Electronics platform is customer focused, and the company’s experienced supply chain and power experts will deliver competitive pricing to their original products as well as their exceptional customer support.
Refocusing the business legacy
Power Plus Electronics platform will deliver the DPW’s decades of experience under one platform for technical engineering, product information as well as customer service.
Milton “Todd” Ault III, the Chairman and CEO of DPW, stated that the company continues to refine their product offerings as well as assets by leveraging great organization and Digital Power that has been in the business for over five decades. He added that the move is another way that the company is refocusing their legacy business to concentrate on their historical strengths as well as respond to available market opportunities that are continually growing.
The company acknowledged that Digital Power, Microphase Corporation, Enertec Systems 2001 and Gresham power would continue to operate as subsidiaries of Coolisys Technologies Inc. under the leadership of Amos Kohn the president and CEO. Coolisys is currently operating under the umbrella of DPW technology Group.
DPW indicates that investors, shareholders and any other parties interested in accessing their public filing and news releases can visit http://www.DPWHoldings.com under the investor relations tab.