FREMONT, Calif., Sept. 6, 2013 /PRNewswire/ -- Digital Power Corporation (NYSE MKT: DPW - News) is pleased to announce that William J. Hultzman has been appointed as VP of Finance, effective August 21, 2013. Mr. Hultzman served as Finance & Business Development Advisor for STEC USA, LLC, a private start-up in the industrial automation industry space, from 2009 until August, 2013. From 2007 to 2009, Mr. Hultzman served as the Vice President of Finance and Corporate Secretary for R.T. Peak Travel Group, a private travel management company. From 1999 to 2007, Mr. Hultzman held the positions of Vice President of Finance & Controlling, and then Business Unit General Manager and V.P. of Finance, with Voith Paper Automation, Inc., a private manufacturing and service conglomerate headquartered in Germany. From 1985 to 1999, Mr. Hultzman served as the Corporate Controller of Impact Systems, Inc. (a public company traded on NASDAQ for most of this period). Mr. Hultzman has a Bachelor of Science in Business Administration from The Ohio State University, where he majored in Accounting/Finance and graduated cum laude. He is the co-founder and co-chairman of the Silicon Valley Chapter of the Financial Executive Networking Group (FENG). "We are delighted to welcome Bill Hultzman as our new VP of Finance, and are confident he will make significant contributions to Digital Power's growth and development," said Amos Kohn, President & Chief Executive Officer of Digital Power. About Digital Power: Digital Power Corporation 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. We are highly focused on high-grade and custom product designs for both the commercial and military/defense markets, where customers demand high density, high efficiency and ruggedized products to meet the harshest and/or military mission critical operating conditions. We are a California corporation originally formed in 1969, and our common stock trades on the NYSE Amex under the symbol "DPW". Digital Power's headquarters is located at 48430 Lakeview Blvd, Fremont, California, 94538; Contact: William Hultzman, Investor Relations, 510-657-2635; Website: www.digipwr.com.
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.