This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

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 sales@digipwr.com, or telephone +44 1722 413060, email sales@greshampower.com.

SOURCE Digital Power Corporation

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs