LAS VEGAS, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. GPUS, a diversified holding company ("Hyperscale Data" or the "Company"), today announced that its indirect subsidiary, TurnOnGreen, Inc. ("TurnOnGreen"), has secured $3.9 million in new defense contracts through its power electronics division Digital Power Corporation ("DPC"). The agreements encompass the production and integration of defense-grade power conversion modules, tactical power switching and charging systems, and proprietary power distribution solutions. These advanced technologies are tailored to enhance the performance of off-road tactical vehicles, military ambulances, and critical warfare communication and networking systems.
Further strengthening its position in the defense sector, TurnOnGreen has secured a strategic contract with a prominent Israel-based defense original equipment manufacturer. Under this agreement, TurnOnGreen will supply and integrate advanced power systems for all-terrain armored fighting vehicles and first-response military ambulances.
Expanding its international reach, TurnOnGreen is also providing custom-designed uninterruptible power solutions to a leading aerospace and defense corporation. These solutions are integral to supporting transportable tactical command communications systems used in military operations worldwide.
TurnOnGreen's power solutions play a vital role in supporting modern military operations across diverse and challenging terrains. In collaboration with the Israel Defense Forces ("IDF"), TurnOnGreen has developed and delivered power systems that meet the stringent demands of today's battlefield environments. These solutions have undergone rigorous testing and validation by the IDF, complying with IDF's exacting requirements and international military standards.
"Securing contracts with some of the world's largest domestic and international defense firms, along with the qualification of DPC's technology by the IDF highlights our expertise in designing and manufacturing advanced high-grade power electronics," said Amos Kohn, Chairman and CEO of TurnOnGreen. "Our comprehensive solutions are meticulously engineered to power a wide range of warfare devices and tactical vehicles ensuring reliable performance in mission-critical demanding battlefield environments."
"TurnOnGreen remains dedicated to driving long-term value through strategic high-growth verticals such as electric vehicle charging and advanced electronics for defense telecom sectors," said Marcus Charuvastra President of TurnOnGreen. "These high-margin opportunities are integral to our mission of delivering sustained financial growth while maximizing returns for our shareholders."
About Hyperscale Data
Hyperscale Data is a diversified holding company pursuing growth by acquiring undervalued businesses disruptive technologies with global impact. Through wholly majority-owned subsidiaries strategic investments Hyperscale Data owns operates data center at which it mines Bitcoin offers colocation hosting services for emerging artificial intelligence ecosystems other industries.