Coolisys Technologies Announces Acquisition of Power-Plus Technical Distributors

Coolisys Technologies Inc. Enters Definitive Agreement to Acquire All Outstanding Interest
FREMONT, Calif., Aug. 07, 2017 (GLOBE NEWSWIRE) – Digital Power Corporation (NYSE MKT: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 entered a Definitive Agreement to purchase all outstanding membership interest in Power-Plus Technical Distributors, LLC, a California limited liability company (“Power Plus”).

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 solutio..