MILPITAS, Calif.--(BUSINESS WIRE)--Imperalis Holding Corp. (OTC: IMHC), dba TurnOnGreen, Inc. (“TurnOnGreen” or the “Company”), announced today its subsidiary, Digital Power Corporation (“DPC”), has secured an initial contract worth $344,000. DPC will be working with an industry-leading, international defense, aerospace, and security company to manufacture and integrate multiple improved electrical distribution box 3s (“IEDB3”) intended for use in multiple launch rocket system (“MLRS”) launchers. The MLRS is a heavy launcher, transportable by aircraft such as Boeing’s C-17 Globe Master III and Lockheed Martin’s C-5 Galaxy, capable of firing guided rockets and Army Tactical Missile Systems also known as ATACMS.
Set to begin in September 2023, the contract entails the manufacturing and testing of the next generation of IEDP3s at the Company’s certified engineering and system integration facility in Milpitas, California. The IEDP3s that DPC will produce will be designed to power MLRS platforms for use in a diverse set of defense tactical scenarios.
“Securing a contract from one of the world’s largest defense firms is a testament to DPC’s expertise in developing and manufacturing technologically advanced high-grade power supply systems capable of powering a variety of portable and stationary devices that can operate reliably in mission-critical environments,” said TurnOnGreen and DPC’s Chief Executive Officer, Amos Kohn. “As a certified small business and entity compliant with International Traffic in Arms Regulations (“ITAR”), DPC has operations, systems, and facilities designed to produce the state-of-the-art products needed to power the most sophisticated defense and aerospace technologies used by the U.S. and other international defense forces.”
“TurnOnGreen and DPC have a long history of successfully designing and commercializing custom power solutions for the defense, aerospace, and security industry,” said Marcus Charuvastra, President of TurnOnGreen. “We strive to create shareholder value through a diverse business strategy that focuses on advanced power technology, green energy storage, and e-mobility infrastructure.”
About Imperalis Holding Corp.
TurnOnGreen (“Company”) designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications, and e-Mobility. The Company is committed to building public and private electric vehicle charging infrastructure throughout the United States, Canada and abroad. The Company brings decades of experience to every project, working with its clients to develop leading-edge products to meet a wide range of needs. The Company’s headquarters are located in Milpitas, CA; https://turnongreen.com.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.TurnOnGreen.com.