Digital Power Corp Announces Investor Update for Third Quarter 2017

DPW Forecasts Revenues Will Exceed $3M, 67% Increase from 2nd Quarter 2017
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FREMONT, Calif., October 02, 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, issued an investor update today stating that gross revenues for the quarter ended September 30, 2017 for Digital Power Corp. and its subsidiaries will exceed $3M, an increase of over 67% from the quarter ended June 30, 2017. The Company said this included $50,000 in revenues from the $50M purchase order issued by MTIX, Ltd. in the first quarter of 2017 to manufacture, install and service laser-based, proprietary textile treatment systems while it will record $1.25M in deferred revenue from the manufacturing of machines using the MLSE® technology. The Company noted that it anticipates recognizing this deferred revenue durin..