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Digital Power Corp. (DPW) Attains $2 Million Defense Export Order
Today, Digital Power reported its wholly owned subsidiary, Digital Power Ltd. has been rewarded a $2 million defense export order from the Republic of Korea. The order calls for providing the Republic of Korea with uninterruptible power systems for installation on Military Afloat Reach and Sustainability tankers being built by Daewoo Shipbuilding and Marine Engineering.
These tankers are being built to deliver logistical support, ammunition and other supplies to Type 45 destroyers while they are at sea. Digital Power already has provided an extensive suite of power conversion and distribution equipment for this destroyer fleet.
Jake Moir, Managing Director of Digital Power Limited, commented, “After nine months of hard work by our Republic of Korea partner, C&A Electric, and us, we are pleased to have secured this important contract. This order will be a major part of our forward order book for the next two years and provides us with a platform to develop additional new products for customers worldwide. Our defense business continues to grow with customers in markets that include Spain, France, Australia, India, and now South Korea.”
Amos Kohn, president and CEO of Digital Power Corporation, commented, “We continue to search for new products and markets and are very pleased to have penetrated this important market segment as part of our ongoing expansion into the international defense industries. The recent award of the Republic of Korea naval defense project to our subsidiary, Digital Power Limited, follows the award of the LVPS project by the Israel Aerospace Industries and demonstrates our expansion of power technologies to the worldwide defense market,” Mr. Kohn continued. “In this increasingly unstable world, we are proud to do our part to support our strategic allies.”
For more information, visit: www.digipwr.com
