Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Digital Power Corp. (“Digital Power” or the “Company”) (NYSE MKT: DPW) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s 2012 Stock Option Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on June 28, 2013, the Board of Directors recommends that Digital Power’s shareholders vote to approve an amendment to the Company’s 2012 Stock Option Plan to increase the number of shares available for issuance from 410,145 to 1,372,630. The issuance of the additional shares could have a substantial dilutive effect on the shares of Digital Power common stock. Request more information now by clicking here: www.faruqilaw.com/DPW. There is no cost or obligation to you.Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. If you own common stock in Digital Power and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/DPW or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
Digital Power Corporation (DPW) soared to a one-year high on Wednesday after the company announced it had received a five-year contract from Israel Aerospace Industries. Digital Power will provide its low-voltage power supply multiple outputs converter to IAI for the duration of the contract, which covers the manufacturing and delivery of the LVPS modules. IAI will use the LVPS to power the TAMAM Modular Azimuth Position System (TMAPS) navigation system, which the Israel Defense Forces (IDF) uses in tactical warfare. The LVPS is designed to operate in battlefield scenarios in which jamming or other methods have disturbed GPS. It features a capability that should supply the TMAPS with continuous, stable power through multiple sources regardless of the operating conditions.