NEWPORT BEACH, Calif., Oct. 22, 2020 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE American: DPW) a diversified holding firm (“DPW,” or the “Firm”) introduced that its international protection and expertise enterprise, Gresham Worldwide, Inc. (“Gresham Worldwide”), has entered into an settlement to develop medical testing amenities with Align Expertise, Inc. (NASDAQ: ALGN), a worldwide medical gadget firm, by means of Gresham Worldwide’s wholly owned subsidiary, Enertec Programs 2001, Ltd. (“Enertec”).
Enertec, primarily based in Israel, is a number one supplier of high-quality, extremely dependable bespoke expertise options for mission-critical purposes within the protection, aerospace and medical industries, together with superior multi-purpose digital techniques with custom-made computer-based automated take a look at tools.
Within the first part of the event venture, Enertec will place a workforce of skilled engineers on-site with the shopper to check the medical gadget firm’s merchandise and wishes. Within the second part, Enertec will present custom-made, superior testing techniques. Enertec has been in enterprise for greater than 30 years and Enertec’s CEO, Zvi Avni, has over 35 years of expertise growing superior testing techniques.
Enertec’s CEO, Zvi Avni mentioned, “We sit up for the event of superior testing techniques for our new buyer, Align Expertise, Inc., leveraging Enertec’s place as a number one supplier of complicated testing options for the protection, aerospace and medical industries, each at dwelling and overseas. Israel is taken into account to be among the many world leaders within the subject of medical units, and we anticipate to see continued development within the sector.”
“Increasing its portfolio of enterprise within the medical subject provides to momentum at Enertec,” mentioned Jonathan Learn, Gresham Worldwide’s CEO. “This current contract demonstrates that demand for Gresham’s expertise choices stays sturdy. The growth of Enertec’s testing techniques, amongst different merchandise, displays the boldness and the belief that this international medical gadget firm has to work with Gresham on what we anticipate will likely be a long-life cycle platform program. We stay optimistic that Gresham can obtain its objectives for important development in 2020 and 2021.”
For extra data on DPW and its subsidiaries, the Firm recommends that stockholders, traders and some other events learn the Firm’s public filings and press releases obtainable underneath the Investor Relations part at www.DPWHoldings.com or obtainable at www.sec.gov.
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding firm pursuing development by buying undervalued companies and disruptive applied sciences with a worldwide influence. By means of its wholly and majority-owned subsidiaries and strategic investments, the Firm offers mission-critical merchandise that help a various vary of industries, together with protection/aerospace, industrial, telecommunications, medical, and textiles. As well as, the Firm extends credit score to pick entrepreneurial companies by means of a licensed lending subsidiary. DPW’s headquarters are situated at 201 Shipyard Means, Suite E, Newport Seaside, CA 92663; www.DPWHoldings.com.
About Gresham Worldwide
Gresham Worldwide, previously often called DPW Expertise Group, is a supplier of high-quality, ultra-reliable bespoke expertise options for mission-critical purposes within the protection, medical and telecommunications verticals. The three element firms underneath the management of CEO, Jonathan Learn, are Microphase Company, Enertec Programs 2001 Ltd. and Gresham Energy Electronics Ltd. Every has many years of expertise serving international protection markets. Gresham Worldwide operates with a worldwide footprint with headquarters in Phoenix, Arizona, an workplace in Washington D.C. and design and operations facilities in Shelton, Connecticut, Salisbury, U.Ok., and Karmiel, Israel.
Ahead-Wanting Statements
This press launch accommodates “ahead wanting statements” inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements typically embody statements which might be predictive in nature and depend on or consult with future occasions or situations, and embody phrases comparable to “believes,” “plans,” “anticipates,” “tasks,” “estimates,” “expects,” “intends,” “technique,” “future,” “alternative,” “might,” “will,” “ought to,” “may,” “potential,” or comparable expressions. Statements that aren’t historic information are forward-looking statements. Ahead-looking statements are primarily based on present beliefs and assumptions which might be topic to dangers and uncertainties. Ahead-looking statements converse solely as of the date they’re made, and the Firm undertakes no obligation to replace any of them publicly in gentle of latest data or future occasions. Precise outcomes may differ materially from these contained in any forward-looking assertion on account of varied elements. Extra data, together with potential danger elements, that would have an effect on the Firm’s enterprise and monetary outcomes are included within the Firm’s filings with the U.S. Securities and Trade Fee, together with, however not restricted to, the Firm’s Kinds 10-Ok, 10-Q and 8-Ok. All filings can be found at www.sec.gov and on the Firm’s web site at www.DPWHoldings.com.
Contacts:
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