FREMONT, Calif., Nov. 21, 2014 /PRNewswire/ -- Digital Power Corporation (NYSE MKT: DPW) announced it has secured a repeat order of $600K to provide a switching power solution for a medical application.
Digital Power will supply a universal power source solution to power a portable oxygen concentrator for people who require a constant source of oxygen enriched breathing air. This specially designed converter provides a patient with increased mobility, powering an oxygen system while in a house, hotel, automobile or airplane.
Digital Power was awarded this repeat order for two important reasons. First, it has a proven track record of providing high quality, reliable power solutions to the customer and medical industry. Second, Digital Power met their customer target price and delivery requirements in a challenging market. Commented Amos Kohn, President & CEO of Digital Power: "We are continually awarded annual blanket purchase orders for this medical power solution from our medical OEM because of the superb quality of our products and the quality of the service we provide to our customers. Some time ago we decided to target and invest in the strategically important medical market segment and this repeat order demonstrates the continued trust of our customer. Our customers understand our capabilities and commitment to their needs for power solutions using our advanced technologies. We are leveraging this medical expertise to further strengthen our position in the medical OEM marketplace."
About Digital Power Corporation
Headquartered in Fremont, California, Digital Power Corporation designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers require high density, high efficiency and ruggedized power solutions. Its wholly owned subsidiary Digital Power Limited, is located in the UK.
Forward Looking Statements
The foregoing release contains "forward looking statements" regarding future events or results 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, including statements concerning the Company's current expectations regarding revenues from contracts. The Company cautions readers that such "forward looking statements" are, in fact, predictions that are subject to risks and uncertainties and that actual events or results may differ materially from those anticipated events or results expressed or implied by such forward looking statements. As previously noted, the current customers associated with the aforementioned contracts may modify their purchase forecasts for these products which would increase or decrease the Company's actual revenue versus current revenue forecast for these customers. The Company disclaims any current intention to update its "forward looking statements," and the estimates and assumptions within them, at any time or for any reason. More information about potential risk factors that could affect the Company's business and financial results are included in the Company's most recent 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 on the Company's website at www.digipwr.com.
SOURCE Digital Power Corporation