Ault International Holdings, Inc. (NYSE American: DPW) a diversified holding firm (the “Firm“), introduced that its international protection enterprise, Gresham Worldwide, Inc. (“Gresham Worldwide“), has obtained a $3.0 million buy order from a number one protection and aerospace buyer of its wholly owned subsidiary, Enertec Techniques 2001, Ltd. (“Enertec“).
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Enertec, based mostly in Israel, is a number one protection and aerospace designer and producer of superior multi-purpose digital techniques, together with custom-made computer-based automated check gear and turnkey options designed to carry out in harsh environments and battlefield circumstances.
Enertec has developed a novel generic automated testing system to fulfill advanced challenges in validating capabilities and readiness of protection and assault platforms. The check system can check and carry out diagnostics on all refined computer systems that help a variety of navy and aerospace techniques. Enertec has been in enterprise for greater than 30 years and Enertec’s CEO, Zvi Avni, has over 35 years of expertise growing superior testing techniques. After receiving a $2.9 million order in 2019 and a $2.0 million order in 2020 associated to the event and supply of this distinctive and complicated testing system, Enertec lately obtained a $3.0 million follow-up order to produce the testing system. Enertec’s administration believes the brand new $3.0 million order will probably be acknowledged as income over the following twelve months and that this buyer has the potential to order over $10 million of Enertec options per yr.
Enertec’s CEO, Zvi Avni stated, “Our latest efficiency associated to growth and supply of this superior navy testing system has resulted in an extra $3.0 million order and additional solidifies Enertec’s place as a number one supplier of advanced testing options for the protection and aerospace business, each in Israel and world wide.”
“We’re more than happy with Enertec’s progress, which contributes considerably to the prospects for Gresham Worldwide,” stated Jonathan Learn, Gresham Worldwide’s CEO. “This latest order demonstrates that demand for Gresham’s know-how choices stays robust. We stay up for increasing the connection with this international protection contractor in what we count on to be a long-life cycle platform program. We stay optimistic that Gresham can obtain our targets for continued development in 2021 and past.”
For extra data on Ault International Holdings and its subsidiaries, the Firm recommends that stockholders, buyers and another events learn the Firm’s public filings and press releases out there below the Investor Relations part at www.AultGlobal.com or out there at www.sec.gov.
About Ault International Holdings, Inc.
Ault International Holdings, Inc. is a diversified holding firm pursuing development by buying undervalued companies and disruptive applied sciences with a world impression. By means of its wholly and majority-owned subsidiaries and strategic investments, the Firm gives mission-critical merchandise that help a various vary of industries, together with protection/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. As well as, the Firm extends credit score to pick entrepreneurial companies by a licensed lending subsidiary. Ault International Holding’s headquarters are situated at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.AultGlobal.com.
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