DPW Holdings (NYSE American: DPW) this morning announced that the company has completed establishing DPW Financial Group, Inc. and DPW Technologies Group, Inc., both Delaware corporations. The previously-announced move will enable DPW to aggregate all reporting by its subsidiaries and business units through these two new subsidiaries, beginning as early as Q1 of 2019. The company anticipates that the realignment will enable it to more efficiently leverage its sustainable assets and set the stage for other company initiatives in 2019 and beyond, including pursuit of additional strategic investments. Under the new organizational structure, DPW will own 100 percent of the two groups. DPW Technology Group, Inc. will focus on advanced technology, design, power solutions and manufacturing businesses throughout defense, aerospace, telecom, medical, and textiles sectors and will include Coolisys Technologies, Inc., Digital Power Corporation, Microphase Corporation, Enertec Systems 2001 Ltd, Digital Power Limited, and Power-Plus Technical Distributors, LLC. DPW Financial Group, Inc. will focus on lending, cryptocurrency mining, hospitality, and real estate and includes Digital Power Lending, LLC, IAM, LLC and Super Crypto Mining, Inc.
To view the full press release, visit http://ibn.fm/RMEwP
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with global impact. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. For more information, visit the company’s website at www.DPWHoldings.com
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