Digital Power Corporation Wins Major Naval Defense Contract
FREMONT, Calif., Oct. 14 /PRNewswire/ -- Digital Power Corporation (NYSE/Amex: DPW) has been awarded, through its wholly-owned subsidiary Digital Power Limited (DPL), a major contract to supply specialized battery charging equipment and batteries for a new submarine program in India. The multi-year, $850,000 contract runs through 2016.
The Digital Power battery charging systems have been designed into the Scorpen e class submarines by the major French shipbuilder DCN and the shipbuilder Navantia in Spain.
Scorpen e is a class of diesel-electric attack submarines developed jointly by DCN and Navantia. These submarines feature diesel propulsion and an optional air-independent propulsion (AIP) system. Scorpen e class submarines patrol the sea at depths of up to 350 meters and are virtually undetectable. They travel at high speed for long periods and collect detailed information about their surroundings. A modular design provides for tailoring a submarine to the specific requirements of a customer and allows inclusion of current technological innovations to maintain operational superiority. The Scorpen e design has been sold to a number of navies throughout the world.
Amos Kohn, president and CEO of Digital Power Corporation, says, "This major new contract through our wholly-owned subsidiary DPL is a follow-on to previous orders in support of Scorpen e. It demonstrates Digital Power's advanced technical capabilities and reflects our customers' confidence in our equipment. It is a testament to our many years of experience in and commitment to naval power conversion and distribution."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. Reader contact: Digital Power Corporation, telephone 510-657-2635, e-mail email@example.com, or telephone +44 1722 413060, email firstname.lastname@example.org. SOURCE Digital Power Corporation
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV