TurnOnGreen Awarded Defense Contract to Design and Develop Custom Power Supply for Tactical Communications Networks

2023-06-30 20:56

MILPITAS, Calif.--(BUSINESS WIRE)--Jun 30, 2023--

Imperalis Holding Corp. (OTC: IMHC), dba TurnOnGreen, Inc. (“ TurnOnGreen ” or the “ Company ”), announced today that its power electronics subsidiary, Digital Power Corporation (“ DPC ”), has received $1.0 million in aggregated purchase orders from a well-established global technology company operating in the defense industry. These orders are for the manufacturing and supplying of small, portable power solutions designed to meet the tactical communication needs of Homeland Security, first responder and U.S. and NATO personnel deployed worldwide. The purpose of these power solutions is to enable easy and secure connectivity of multiple devices to mission-critical communications networks.

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The portable power solutions represent a second-generation Military-Standard (“ MIL-STD ”) rugged fully customized integrated uninterruptible power switching (“ UPS ”) and charging solution. These solutions are specifically tailored to power tactical mission-critical communications networks.

The Company’s custom power supply, in conjunction with the Transportable Tactical Command Communications (T2C2) satellite terminals, facilitates access to strategic, tactical and secured communications networks for military, Homeland Security, or first responder personnel.

This purchase order marks the second award obtained by DPC, building upon the successful development and delivery of the first-generation MIL-STD UPS in 2020. The Company expects the design, engineering, and production process to be finalized within the next 12 months.

TurnOnGreen’s Chief Executive Officer, Amos Kohn said, “TurnOnGreen has a proven track record of success in providing high-quality and reliable complex power solutions for tactical operations. We believe that these recent orders are a direct result of our past achievements in developing and delivering customized power solutions that offer exceptional quality and advanced features. With this second-generation solution designed for various tactical communication platforms, we are well-positioned to pursue additional similar orders.”

TurnOnGreen’s President, Marcus Charuvastra, added, “DPC and TurnOnGreen consistently fulfil the rigorous demands of our partners in the defense industry by designing and delivering a wide range of adaptable power supply products that meet military grade standards. These products are typically designed for deployment in the most demanding environments, ensuring unwavering reliability and durability.”

For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.

About Imperalis Holding Corp.

TurnOnGreen (“Company”) designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications, and e-Mobility. The Company is committed to building public and private electric vehicle charging infrastructure throughout the United States, Canada and abroad. The Company brings decades of experience to every project, working with its clients to develop leading-edge products to meet a wide range of needs. The Company’s headquarters are located in Milpitas, CA; www.TurnOnGreen.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.TurnOnGreen.com.

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CONTACT: TurnOnGreen Investor Contact:

IR@TurnOnGreen.comor (877) 634-0982

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: DEFENSE TECHNOLOGY UTILITIES BATTERIES ENERGY OTHER DEFENSE

SOURCE: TurnOnGreen, Inc.

PUB: 06/30/2023 08:41 AM/DISC: 06/30/2023 08:40 AM

http://www.businesswire.com/news/home/20230630338988/en