Digital Power designs, develops, manufactures and sells high-grade customized and off-the-shelf power system solutions for the most demanding applications in the medical, military, telecom and industrial markets. In July, the company unveiled its newest family of products, which features a series of advanced, high-efficiency capacitor chargers specially designed for powering laser systems in medical and industrial applications. Through this release, DPW demonstrated its ongoing commitment to innovation in the development of best-in-class power solutions for a broad range of industries and challenging environments.
In recent months, DPW has built on this progress through efforts to further develop its product line offerings and geographical sales coverage. Despite recording a slight year-over-year decrease in revenues during the second quarter of 2015, increases in profitable defense-related shipments from its European operations throughout the first half of the year and continued expansion of its sales and marketing efforts could foreshadow an opportunity for the company to achieve considerable financial growth in the months to come.
“We continue to pursue our strategic plan of developing complete customized power solutions and enhancing our standard product portfolio with innovative, high density and efficient power supplies at ever increasing power levels,” Amos Kohn, president and chief executive officer of DPW, stated in a news release. “The focus on a complete solution for power applications is well received by our major telecom, medical, military and industrial customers.”
In June, the company provided prospective shareholders with a glimpse of the immense market potential of its product portfolio when it announced the execution of a 12-month, $1.2 million agreement to supply an industry-leading medical OEM with a universal power source solution for use in its portable oxygen concentrators. The customer selected DPW as a result of the company’s proven record of providing high quality, reliable power solutions to the medical industry. Moving forward, this agreement is expected to further strengthen DPW’s established position within the medical OEM marketplace.
Since being founded in 1969, DPW has grown into one of the most recognizable brands in the diversified electronics industry. With a healthy cash balance, an experienced management team and a portfolio of cutting-edge power system solutions, the company is in a strong strategic position to build upon this industry presence.
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