FREMONT, Calif., July 28, 2014 -- Digital Power Corporation (NYSE MKT: DPW) announced that its wholly-owned subsidiary, Digital Power Limited, has secured a $2M order from the Republic of Korea to provide uninterruptible power supply (UPS) systems to be fitted to Military Afloat Reach and Sustainability (MARS) tankers being built by Daewoo Shipbuilding and Marine Engineering (DSME).
DSME is building four MARS tankers to support Type 45 Destroyers while at sea. To be delivered to the UK Ministry of Defense (MoD), each MARS tanker requires a total complement of eight (8) UPS systems of various ratings. These tankers will provide logistical support, ammunition and other supplies to the destroyers. Digital Power Corporation already has provided a wide range of power conversion and distribution equipment for the Type 45 Destroyer fleet.
Jake Moir, Managing Director of Digital Power Limited, comments: “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 comments, "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 continues: “In this increasingly unstable world, we are proud to do our part to support our strategic allies.”
About Digital Power Corporation
Digital Power Corporation, a publicly traded corporation (NYSE/Amex: DPW), is a solution-driven organization that designs, develops, manufactures, and sells high-grade customized and flexible power system solutions for the most demanding applications in the medical, military, telecom, and industrial markets. The company also manufactures static frequency converters, DC UPS devices, distributed power systems, and DC/AC inverters and switchers. The company’s headquarters are in Fremont, California. Its wholly-owned subsidiary, Digital Power Limited (DPL), is based in Salisbury, UK, and operates under the brand Gresham Power Electronics.
Editorial contact: Amos Kohn, telephone 510-657-2635, e-mail firstname.lastname@example.org.