DPW Holdings (DPW) Stock Climbs On New Product Line

DPW Holdings DPW Stock News

DPW Holdings Inc (NYSEAMERICAN: DPW) is screaming for the top in the market this morning, following up on the strong gains seen from the stock yesterday. Today’s gains are the result of a press release from the company surrounding the release of a new product line. Here’s what’s going on:

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DPW Announces New Product Line

In the press release, DPW Holdings announced that its subsidiary, Coolisys Technologies, has released the details of its new Energy Storage System product line. The company believes that the product line is well suited for homes and small commercial buildings. Importantly, the new lineup of products can be coupled with photovoltaic solar systems or can be used off-grid, grid tied, or as a string inverter.

DPW said that the new product is made up of three major elements. These include:

  1. A hybrid inverter to support a wide-range of deployment scenarios. The inverter supports loads of up to 5.5kW off-grid and 7kW grid-tied.
  2. A battery pack for energy storage. The battery pack is available with one or two cabinets. The one cabinet battery can store power up to 12kWh. The two cabinet system can store up to 24kWh of power.
  3. A data logger featuring a web-based monitoring portal. This provides remote acces for system maintenance and performance monitoring.

In a statement, Amos Kohn, President at the DPW subsidiary, Coolisys. Here’s what he had to say:

We are pleased to announce the introduction of a new comprehensive Energy Storage System to the Coolisys product portfolio. This new solution is well-positioned to address the rapid expansion of PV solar systems for private homes and small businesses. Our ESS improves the stability and reliability of power from a renewable energy source and during grid interruptions.

Entering the energy storage market expands the breadth of our product offerings as we continue to build on our strong reputation for delivering high-reliability power solutions designed to serve emerging markets.

This Is Huge News

The news released by DPW Holdings this morning is massive. First and foremost, new products provide new revenue opportunities. So, that fact in and of itself is exciting. However, it goes much further than that.

The fact of the matter is that the world is pushing for clean energy. Governements, corporations, and consumers alike are concerned about the impact fossil fuels have on the environment and looking for ways to reverse the damage the human population has done. As a result, anything innovative supporting the clean energy sector is something of value right now. That’s exactly where this new product lineup sits, and DPW stock is likely to benefit greatly.

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