Coolisys Technologies Completes Acquisition of Power-Plus Technical Distributors

Coolisys Technologies Completes Acquisition of Power-Plus Technical Distributor
Establishes Power Solutions Group, Appoints William H. Gordon as Vice President
FREMONT, Calif., Sep. 05, 2017 (GLOBE NEWSWIRE) – Digital Power Corporation (NYSE American:DPW) (“Digital Power” or the “Company”), a company seeking to increase revenues through acquisitions and organic growth, today announced that its wholly owned subsidiary, Coolisys Technologies, Inc., (“Coolisys”) 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 completed the purchase of all outstanding membership interest in Power-Plus Technical Distributors, LLC, a California limited liability company (“Power-Plus”). Upon completion, Coolisys has established the Power Solutions Group comprised of Power-Plus, Digital Power Limited formerly known as Gresham Power, and the power supply products of Digital Power Corporation. ..