Digital Power Corporation Issues End of Quarter Investor Update
Customer Order Backlog Increases to Over $65 Million
Company Begins to Process MTIX Order, Deliveries Scheduled for 2017
FREMONT, Calif., June 30, 2017 -- Digital Power Corporation (NYSE MKT:DPW) ("Digital Power" or the "Company"), a growth company seeking to increase revenues through acquisitions and organic growth, today announced that is customer order backlog has increased to over $65M, an increase of $8M from the prior update issued by the Company on May 17, 2017. The increase was attributed to organic growth from new and current customers of DPW and the consolidation of financial reporting which now includes Microphase Corporation.
Amos Kohn, the Company’s President and Chief Executive Officer, stated, “We continue to see strength in our custom power supply business as our order book grows. With the purchase of Microphase Corporation, we will also see strong cost savings which will increase our gross and net margins. We are very excited about our continuing prospects to reduce costs while expanding production across the enterprise.”
Read more: Digital Power Corporation (NYSE MKT:DPW)
Published: 30 June 2017
Written by Editor