New Hire Announcement

July 20, 2021

Coolisys Technologies Corp.® – Letter from CEO

It is an exciting time at Coolisys, its subsidiaries TurnOnGreen and Digital Power as we come out of the pandemic bigger and stronger than before. I wanted to share some recent staffing developments.

Promotion – Fernando Sandoval

Please join me in congratulating Fernando on his promotion to Director of National Sales. Fernando has been leading our sales team for more than 16 years. He joined DPC from Artesyn, where he held the role of compliance manager. He has played a key role in establishing our customer base, and he leads sales activities to retain and acquire new customers. Fernando also works closely with our senior management team to drive activities that support our revenue objectives. Our customers greatly respect Fernando’s technical expertise in the power supply arena, and we look forward to his ongoing contributions as we continue to grow.

New Hire – Mor Allon, VP of Business Development

Mor joined DPC earlier this year as a consultant to support our sales team. On July 16, 2021, he accepted the position of VP of Business Development at DPC. In this role, Mor’s primary responsibilities include supporting our sales organization, acquiring new customers and new projects, leading our entries into new markets, and increasing sales to our existing customer base. Mor has 30+ years of experience in senior management roles in leading fiber optic, cable TV, and telecom companies, and I have found him to be a highly motivated and results-driven professional. With his extensive power supply industry experience in business development, building and managing customer relationships, sourcing, and contracts, and with his tier-one relationships, Mor is a key member of our team. He takes great pride in his work and his motto is “I Own it,” which demonstrates his personal passion and commitment to excellence. His expertise and accomplishments make Mor a most welcome addition to DPC.

New Hire – Martin Mitchell, Regional Director of Business Development

Martin has joined the TurnOnGreen business development team to help expand the private and public network charging opportunities in the Central Coast of California and abroad. He has a long history working in the alternative fuel industry and has a wealth of expertise in sales, planning, and business development both locally and globally. Martin has an MBA from Iowa St. University and is currently based out of Santa Barbara, CA. Martin will play a pivotal role in expanding EV Charger sales in the Central CA Coast region.

New Hire – Jennifer Bell, Social Media Marketing Coordinator

Jennifer has joined the TurnOnGreen social medical marketing team to help plan and execute a variety of digital media marketing projects. Jennifer comes to us from UC Irvine where she graduated with a degree in Film and Media studies. She has a rich background in video production, social media marketing, and blogging. Jennifer will play an important part in increasing brand awareness, and product promotion across the various e-commerce platforms.

New Hire – Gerald Bosque, Account Manager, Sales and Marketing Coordinator

Gerald joined the TurnOnGreen operations team in May to help plan, develop and execute a comprehensive sales and marketing strategy. Gerald is a graduate of Cal State Northridge and has a long history working in client services, sales, and marketing. He has a versatile skill set that includes print and video production, customer recruitment and retention, customer service, operations, and digital marketing. Gerald adds immense value to our sales team, as his capabilities and work output equals that of multiple employees.

New Hire – Shawn Lawson, Buyer

Shawn Lawson has joined DPC for 2 early July as a Buyer. Shawn brings twelve years of experience in procurement to the team. Besides procurement, Shawn also has experience in various fields such as customer service, inside/outside sales, and production planning/ scheduling with different industries. He held a Buyer/Warehouse Manager position with his previous employer. Shawn is looking forward to the challenges ahead and eager to make a positive impact to the company’s success.

Promotion – Shan Wang

Join me in congratulating Shan on her promotion to Marketing Manager.  Shan has been with us for a year or so and from the start jumped right in leading many of our marketing projects.  She is instrumental in establishing brand identity through all marketing channels and media platforms. After she came on board, she worked closely with our sales team in implementing automated lead generation and CRM strategies and design marketing collateral, which has helped us re-engaged with past customers and connected with new potential customers.

New Hire – Vincent Nguyn, Director of Supply Chain

Vincent joining the company on March 15th, 2021 as the Director of Supply Chain. Prior to joining Coolisys, he spent 20+ years in various leadership roles with several companies in the computer, semiconductor, biotech, and medical device industries. His main responsibilities at Coolisys are to manage all domestic and global partners, oversee purchasing function, sales order entries, customer interfacing, and maximize NetSuite capability.  Over the past month, I have found Vincent to be a highly motivated and result-driven professional with extensive experience in building and managing materials and production teams, along with cultivating relationships with key suppliers. His expertise in supply base management, vendor sourcing, contract negotiation, and material cost and lead time reductions makes him a great addition to the team.  In addition to his accomplishments, Vincent takes great pride in his work and his personal motto is “I Own It”, demonstrating his personal passion and commitment to excellence.

 

Congratulations and welcome to the team!

Amos Kohn

President & Chief Executive Officer

 

About Digital Power Corporation

Digital Power Corporation, a wholly-owned subsidiary of Coolisys Technologies Corp. designs, manufactures, and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers require high density, high efficiency, and ruggedized power solutions. DPC’s headquarter is located at 1635 South Main Street, Milpitas, CA 95035; www.digipwr.com.



Digital Power Receives Authorization to Expedite Fulfillment of $1.3 Million Military Contract for Power Solutions in Tactical Vehicles

Milpitas, CA,–July. 1, 2021– Digital Power Corporation (“DPC”) received authorization to expedite a purchase order for $1.3 million to provide comprehensive electrical and electronic systems to power radio and other classified instruments installed and operated in customized military multi-mission tactical vehicles. This customer purchase order from a defense contractor was originally to be fulfilled over a three-year period but has now been authorized to be completed this year. These vehicles are designed to serve special forces units operating in an urban warfare environment and close-quarters combat. They are designed to be airmobile, capable off-road vehicles that can handle extreme terrain in a general reconnaissance role.

The solution provided by Digital Power will include an electrical system featuring electronic hardware embedded with management software that is approved and qualified by a Foreign Military Teleprocessing Branch, after extensive testing. A defense contractor specializing in customized off-road vehicles will be implementing Coolisys’ solution in the multi-mission vehicles.

Digital Power offers a variety of power electronic products including rugged, modified, and off-the-shelf, or complete custom designs, from its in-house design team. Digital Power’s products are designed to serve mission-critical applications in the harshest environments and for lifesaving and life-sustaining applications across diverse markets.

Coolisys and Digital Power’s CEO, Amos Kohn, said, “We are pleased to expedite this contract from a leading global defense customer specializing in customized vehicles used by special forces units. This order is the result of the compact and cost-effective design of Digital Power’s customized rugged high-reliability power system that is currently being used in field operations.”

About Digital Power Corporation

Digital Power Corporation, a wholly owned subsidiary of Coolisys Technologies Corp. designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers require high density, high efficiency and ruggedized power solutions. DPC’s headquarter is located at 1635 South Main Street, Milpitas, CA 95035; www.digipwr.com.



Digital Power’s Parent Company Coolisys Technologies Corp. and ChargeLab, Inc. Enter a Partnership to Support the Launch of Scalable Electric Vehicle (EV) Smart Charging Solutions

ChargeLab, Inc. to Develop Suite of Charging Management Tools and Services for TurnOnGreen’s Portfolio of Residential and Commercial Chargers

Milpitas, CA, June 11, 2021 — Coolisys Technologies Corp®., a leading-edge technology company (“Coolisys”), announced today that it has executed a partnership agreement with ChargeLab, Inc. (“ChargeLab”) to design, build and publish cross-platform mobile experiences for residential and commercial end-users of TurnOnGreen EV chargers. TurnOnGreen, Inc., a recently established subsidiary of Coolisys, is dedicated to commercializing and launching its full service of electric vehicle supply equipment (“EVSE”) and services.

Under this agreement, ChargeLab will support Coolisys in the pre-production stage of the TurnOnGreen EV charging product by performing testing sessions to ensure and validate solid firmware compliance with the Open Charge Point Protocol (“OCPP”).

Mr. Kohn, President and CEO of Coolisys and TurnOnGreen, stated, “ChargeLab has proven experience in the development of custom member-facing applications and providing pre-launch manufacturing support to ensure compatibility with existing platforms at launch for top tier EVSE manufacturers. We are excited to engage in this partnership and feel confident ChargeLab’s support will allow us to launch a cross-platform mobile experience compliant with industry standards for our residential and commercial customers.” Mr. Kohn continued, “The main objectives of the agreement with ChargeLab are:

  • to develop a branded app providing a cross-platform mobile and web experience that allows residential and commercial end-users to interact with TurnOnGreen EV chargers; and
    to test and validate the onboard firmware uses in TurnOnGreen’s commercial EVSE to assure full compliance with the Open Charge Point Protocol (OCPP) standard before ramping-up to mass production.”
  • Zak Lefevre, Chief Executive Officer of ChargeLab stated, “Our experience supporting leading manufacturers with their go-to-market efforts allows them to rapidly enter the market with a high-quality, full-service offering. We share in TurnOnGreen’s passion to commercialize an innovative portfolio of EVSE products in the rapidly growing EV marketplace.”

About Digital Power Corporation

Digital Power Corporation, a wholly owned subsidiary of Coolisys Technologies Corp. designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers require high density, high efficiency and ruggedized power solutions. DPC’s headquarter is located at 1635 South Main Street, Milpitas, CA 95035; www.digipwr.com.

About Charge Lab, Inc.

ChargeLab Inc. develops and provides for their customers the operating system for electric vehicle chargers. Their software makes EV chargers smarter by enabling billing, user management, power management, and integrations with third-party systems. ChargeLab partners with leading EV charger manufacturers, utilities, property owners, and governments to deliver seamless experiences for EV drivers across North America. ChargeLab has offices in San Francisco, CA and Toronto, Canada. www.ChargeLab.co, press@chargelab.co or 1 (800) 636-0986



Coolisys Technologies Corp., Forms New Subsidiary to Provide Scalable Electric Vehicle (EV) Smart Charging Solutions

Coolisys Hires Key Management As It Moves Toward Commercial Launch

Milpitas, CA, June 2, 2021 – Coolisys Technologies Corp., a leading-edge technology company (“Coolisys” or the “Company”), announced that it has formed the subsidiary, TurnOnGreen, Inc., to provide flexible and scalable electric vehicle supply equipment (“EVSE”) and services.

TurnOnGreen was founded with the goal to be an industry leader with a robust product portfolio that Coolisys anticipates will include residential, commercial, and ultra-fast charging stations. TurnOnGreen also provides full-service eMobility charging management application software and network services. Coolisys’ current ACECOOL products will be rebranded as TurnOnGreen products. Coolisys has hired three key executives to join Amos Kohn, President and CEO of Coolisys, in leading this new subsidiary.

Mr. Kohn, as President and CEO of Coolisy and TurnOnGreen, stated, “As we move closer to the commercial launch of our products, we are pleased to have an experienced management team to lead the charge and build out our brands. With a shared mission to do our part to fight climate change, this team continuously strives to bring to emerging markets innovative solutions that provide value for the Company, its consumers and its shareholders. With our 50 years of experience in the power electronics business, we have the knowledge base to enable a successful launch of our product lines.” Mr. Kohn concluded, “Further, given the talents of our new management team, I have the utmost confidence in our ability to quickly scale and provide EV drivers with charging options at home, work and destination locations.”

Joining Coolisys and TurnOnGreen are three individuals with expertise in sales, marketing and technology, respectively:

Marcus Charuvastra, Chief Revenue Officer

Marcus Charuvastra is an accomplished leader with 20 years of experience in strategic planning, sales, services, marketing and business and organizational development. At TurnOnGreen, Marcus leads the sales, mobility ecosystem relationships, and business development functions.

Before joining TurnOnGreen, Mr. Charuvastra spent 11 years at Targeted Medical Pharma serving as Vice President of Operations and as the Managing Director of this microcap biotech start-up. During his tenure, he was instrumental in taking Targeted Medical Pharma public. Mr. Charuvastra was previously Director of Sales and Marketing at Physician Therapeutics and was responsible for building the sales and distribution network in the United States and abroad. He is a graduate of UCLA.

Jodi Brichan, Executive Chairwoman

Jodi Brichan is a commercialization expert with more than 20 years of experience in bringing new products to market in hypergrowth healthcare industries such as pharmaceuticals, medical devices, energy devices and life sciences. With more than five years of board experience, Jodi joins TurnOnGreen as Executive Chairwoman supporting the organizational development of TurnOnGreen and its board of directors as well as its executive management team with a view to support the CEO and President and the other members of the management team in striving to achieve TurnOnGreen’s goals, concentrating on its marketing initiatives to drive revenue and shareholder value.

Before joining TurnOnGreen, Ms. Brichan served as CEO of a wholly owned animal health subsidiary of an EU-based pharmaceutical company that develops new chemotherapy products to treat cancer in companion animals. She also served as a communications executive at two of the leading global communications networks, Omnicom and Publicis. She has significant experience in guiding successful new product launches, creating award-winning advertising campaigns, directing digital transformation initiatives, and leading successful business expansion into new markets. As an EV driver for the past eight years, she is passionate about the societal benefits of driving electric. She holds a B.A.A. from Central Michigan University in Mount Pleasant, Michigan.

Douglas Gintz, Chief Technology Officer

Douglas P. Gintz serves as Chief Technology Officer at Coolisys Technologies, Corp. He is responsible for driving strategic software initiatives and delivering key technologies essential to the market penetration of the Coolisys’ EV charging systems.

Mr. Gintz is a programmer, marketing technologist and designer who has been delivering essential technology and content solutions to a wide audience for more than 30 years. Specializing in emerging technologies, he has developed DNA reporting engines, medical billing software, manufacturing compliance systems and e-commerce applications for companies ranging from startups to multinational corporations. Mr. Gintz’s hands-on experience in bringing retail products to market includes concept development, research, planning, programming and package design. His previous leadership roles include positions such as CEO, CTO, CIO, and CMO.

Mr. Charuvastra stated that “The future is bright for TurnOnGreen. We have the products, the people and the passion to quickly enter the dynamic EV charging market and quickly scale to provide affordable EV chargers for home, businesses and destination locations.”

About Digital Power Corporation

Digital Power Corporation, a wholly owned subsidiary of Coolisys Technologies Corp. designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers require high density, high efficiency and ruggedized power solutions. DPC’s headquarter is located at 1635 South Main Street, Milpitas, CA 95035; www.digipwr.com.



Coolisys Technologies Corp. Receives $10.5 Million Order for Residential Electric Vehicle Chargers

Milpitas, Calif. — Digital Power Corporation’s parent company, Coolisys Technologies Corp. (“Coolisys”), announced today that it has received a $10.5 million purchase order for 30,000 7kW residential EV charging systems. Coolisys received the purchase order in conjunction with entering into a three-year Purchase and Resale Agreement (“Agreement”) for the residential chargers with Origin Micro and its subsidiary, iNetSupply.com (collectively, “iNet”). Coolisys anticipates that it will, in connection with fulfilling the purchase order, sell accessories to the residential charging EV systems in the approximate amount of $1.5 million through iNet. The 7kW wall-mount charging system runs on 208/240 volts and is compatible with the SAE J1772 charging connector, with the option to add an adapter to charge Tesla vehicles.

iNet is a leader in distributing new products for many popular brands including Lenovo, Dell, HP and Cisco through its strong relationships with traditional and e-commerce channels and platforms. The 7kW wall-mount residential charger and its peripherals will be available for purchase and preorder at iNetSupply.com. We expect that the 7kW wall-mount charger and peripherals will during the next few months be listed on Newegg.com, NeweggBusiness.com, Amazon.com, eBay.com and Walmart.com. iNet is highly regarded for delivering product integrity and customer service to businesses and consumers.

iNet’s President, Donald G. Doney, Jr. stated, “The future of humanity’s daily transportation lies in the development of EV and EV infrastructure. Affordable, rapid charging of those millions of EV’s requires expertly engineered devices that are easy to use and install. We are excited to enter this agreement with Coolisys and navigate the growth of Coolisys’ groundbreaking residential line of chargers to the public.”

Coolisys and Digital Power’s President and CEO, Amos Kohn said, “We are pleased to announce this purchase and resale agreement with iNet along with our second purchase order from iNet. We look forward to cultivating the opportunities that iNet can provide in what we anticipate being a burgeoning relationship. iNet provides the level of experience, knowledge, integrity, and professionalism that we believe to be required to launch, manage, and grow our residential EV charging product line. We believe our EV residential charger product line will be well positioned to address the expected rapid expansion of infrastructure required to support broad adoption of electric vehicles globally.”

About Digital Power Corporation

Digital Power Corporation, a wholly owned subsidiary of Coolisys Technologies Corp. designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers require high density, high efficiency and ruggedized power solutions. DPC’s headquarter is located at 1635 South Main Street, Milpitas, CA 95035; www.digipwr.com.

Digital Power Corporation Covid-19 Global Impact Update

Feb 17, 2021

Dear Valued Customers and Partners,

To support our valued customers and to continue to provide the great products and services we are known for we continue to monitor and adjust to the current global economic situation.

The Pandemic is affecting our global manufacturing supply chain, component, and material vendors as well as logistic lead times and prices.

Due to component and material shortages, we are experiencing longer production lead times and price increases.

With limited boat vessels and flight options available there is heavy competition for space on all shipping options. In turn this competition is leading to higher transportation costs. Additionally, the COVID-19 situation has caused limited resources at customs point of entry locations which is causing longer lead times.

We understand the need to continue your production schedule to support your customers. As a long-time partner we are asking you to work with us to help you. Please review your forecast to understand your upcoming product needs and reach out to your account manager.

Thank you for your understanding during these very challenging times. Your Digital Power Account Manager will provide any delivery schedule updates or component price increases if there is any impact to your orders.

Please contact us if you have any questions or concerns regarding the information published above.

 

Sincerely,
Amos Kohn
President and Chief Executive Officer

 

Digital Power’s Parent Company, Coolisys Technologies Corp. Receives Purchase Order for 5,000 Electric Vehicle Charging Units

Milpitas, Calif. –Jan. 27, 2021– Coolisys Technologies Corp. (“Coolisys”) announced today that it has received a purchase order for 5,000 ACECool™ 7kW residential electric vehicle (“EV”) charging systems for an aggregate of $1.75 million and expects to receive orders for a substantially greater number of such chargers from iNetSupply, LLC. The purchase order and expected follow up orders are part of an anticipated agreement with iNetSupply, LLC and its wholesale sister company, Origin Micro, LLC (collectively, “iNet”) to exclusively resell and distribute the ACECool™ 7kW residential EV charging systems. The ACECool™ 7kW wall-mount charging system runs on 240 volts and is compatible with the SAE J1772 charging connector, with the option to add an adapter to charge Tesla vehicles.

iNet is a leader in distributing new products for many popular brands including Lenovo, Dell, HP and Cisco through its strong relationships with traditional and e-commerce channels and platforms. If the anticipated agreement with iNet is executed, the ACECool™ charger and its peripherals will be available for purchase and preorder at iNetSupply.com. We expect that the ACECool™ charger and peripherals will during the next few months be listed on Newegg.com, NeweggBusiness.com, Amazon.com, eBay.com and Walmart.com. iNet is highly regarded for delivering product integrity and customer service to businesses and consumers.

iNet’s President, Donald G. Doney, Jr. stated, “The future of humanity’s daily transportation lies in the development of EV and EV infrastructure. Affordable, rapid charging of those millions of EV’s requires expertly engineered devices that are easy to use and install. iNetSupply, Origin Micro and Coolisys expect to bring the groundbreaking AceCool™ line of chargers to the public.”

Coolisys and Digital Power’s President and CEO, Amos Kohn said, “We are pleased to announce this first purchase order from iNet and anticipate that this step is the first step in a burgeoning relationship. iNet provides the level of experience, knowledge, integrity and professionalism that we believe to be required to launch, manage and grow our ACECool™ EV charging product line nationwide. We believe our EV charger product line will be well-positioned to address the expected rapid expansion of infrastructure required to support broad adoption of electric vehicles globally.”

About Digital Power Corporation

Digital Power Corporation, a wholly owned subsidiary of Coolisys Technologies Corp. designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers require high density, high efficiency and ruggedized power solutions. DPC’s headquarter is located at 1635 South Main Street, Milpitas, CA 95035; www.digipwr.com.

 

Coolisys Announces Pre-Orders for Residential Level 2 Electric Vehicle Chargers Have Begun on Amazon

Milpitas, Calif. January 14, 2021 — Coolisys Technologies Corp. (“Coolisys”) has began accepting pre-orders on Amazon.com for its ACECool™ residential level 2 7kW single electric vehicle (“EV”) charger, on January 13, 2021. The wall mount charging system is compatible with all EVs that utilize the SAE J1772 connector, including all Tesla models with SAE J1772 adapters and can be installed in any residential house, garage or parking lot with a 240-volt power outlet. The Company issued a press release on October 16, 2020, stating that Coolisys envisioned this development occurring in early 2021.

Amazon Pre-Order Link

Coolisys is encouraged by the interest in its residential EV chargers on Amazon.com and is in conversations with additional online retailers and distributors. The Company will continue to provide updates on key developments with potential channel partners as circumstances warrant. Digital Power Corporation (“DPC”), Coolisys’ Power Solution Group, will be providing service and support for the Coolisys EV charger product line.

Coolisys’ President and CEO, Amos Kohn said, “We are pleased to announce the Amazon pre-order launch of our residential EV wall mount charging system. Coolisys’ compact, space saving wall mount AC charging system is easy to install and uses advanced charging technology that provides highly efficient and reliable charging of electric vehicles. We believe our EV charger product line is well positioned to address the expected rapid expansion of infrastructure required to support broad adoption of electric vehicles globally.”

About Digital Power Corporation

Digital Power Corporation, a wholly owned subsidiary of Coolisys Technologies Corp. designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers require high density, high efficiency and ruggedized power solutions. DPC’s headquarter is located at 1635 South Main Street, Milpitas, CA 95035; www.digipwr.com.

Contacts:

Sales@digipwr.com or 877-634-0982

Digital Power Corporation Awarded $1.1 Million Military Contract for Power Solutions in Satellite-Controlled Tactical Systems

MILPITAS, Calif. Dec. 28, 2020 — Digital Power Corporation(“Digital Power”) has been awarded $1.1 million contract to manufacture and supply a rugged fully customized DC to DC multiple output power switching solution for tactical military use.

Digital Power will provide the customized power switcher to power azimuth satellite-controlled systems in conjunction with tactical precision weaponry and warfare. Designed to operate in GPS-disturbed or jammed battlefield scenarios, the Digital Power customized power switcher features a persistent capability that will provide azimuth satellite-controlled systems with continuous and stable power through multiple power sources in harsh operating conditions. The Company believes the contract was awarded to Digital Power due to its 15-year proven track record and reputation of providing high-quality and reliable complex power solutions deployed in Modular Azimuth Position Systems (MAPS) for tactical warfare. Digital Power’s defense contracted partner provides defensive and offensive weapons for air, land, sea and space, and command/control systems.

Amos Kohn, President and CEO of Digital Power, said, “We are proud to be awarded this contract for our customized power switcher from a leading global aerospace and defense customer. The Azimuth Satellite-Controlled Systems project represents one of the most significant self-contained hybrid land navigation systems designed to provide autonomous position initialization and moving base alignment for land and amphibious vehicles in the battlefield. The compact and cost-effective design of this customized rugged power product is suitable for installation on a wide range of platforms and designed for use in varied combat situations.”

About Digital Power Corporation

Digital Power Corporation, a wholly owned subsidiary of Coolisys Technologies Corp. designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers require high density, high efficiency and ruggedized power solutions. DPC’s headquarter is located at 1635 South Main Street, Milpitas, CA 95035; www.digipwr.com.

Contacts:

Sales@digipwr.com or 877-634-0982

Coolisys Technologies Corp. Announces Pilot Program to Test ACECool™ EV Chargers at Three Tim Hortons Quick Service Restaurant Locations

MILPITAS, Calif., Dec. 18, 2020 — Digital Power’s parent company, Coolisys Technologies Corp.® (“Coolisys®”) announced that it has entered into an agreement with a franchisee to install and test the ACECool electric vehicle (“EV”) chargers at three Tim Hortons quick service restaurant locations in Canada as what the Company hopes will be the first step of a revenue sharing program targeting both national and regional fast-food franchisees. According to Franchise Direct, Tim Hortons is the largest restaurant chain in Canada. The site survey, provisioning and construction are expected to begin in the first quarter of 2021. While the Company is encouraged by Coolisys’ pilot program, there is no assurance that it will be successful.

The Company expects that the program, assuming it develops as the Company presently anticipates, will allow franchise owners and operators to install the ACECool EV chargers and share in the net revenue from advertising and network usage. This program is anticipated to be a model for other strategic industry-focused and geo-focused networks. Coolisys is in discussions with multiple franchises and presently expects to announce other network partners in the first quarter of 2021.

Amos Kohn, President and CEO of Coolisys and Digital Power, said “We are optimistic about the launch of the ACECool EV charger pilot program for fast food franchisees. The opportunities for Coolisys in the growing EV marketplace are expected to drive significant sales growth over the next five years. We believe we are well positioned to address the increased demand for EV chargers, given our 50+ year history of providing innovative and highly-efficient power systems and solutions.”

About Digital Power Corporation

Digital Power Corporation, a wholly owned subsidiary of Coolisys Technologies Corp. designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers require high density, high efficiency and ruggedized power solutions. DPC’s headquarter is located at 1635 South Main Street, Milpitas, CA 95035; www.digipwr.com.

Contacts:

Sales@digipwr.com or 877-634-0982