Ault Global Holdings’ Subsidiary, TurnOnGreen, Announces Launch of New EV Residential Charger for the U.S. Market

Rhea-AI Summary

Ault Global Holdings, Inc. (NYSE American: DPW) announces its subsidiary TurnOnGreen, Inc. has launched the EVP700-B home EV charger available on Amazon.com, Walmart.com, and Turnongreenev.com since October 25, 2021. This UL-certified charger is compatible with most EVs and rated for indoor/outdoor use. The launch follows a prior commercial EV product release in September 2021. Demand for home charging is surging with over 50,000 new EVs sold monthly in the U.S.

Positive

• Launch of the EVP700-B home EV charger expands product offerings in the growing EV market.
• The product is UL-certified and compatible with nearly all EVs and plug-in hybrids.
• Increasing demand for residential EV chargers, with over 50,000 EVs sold monthly in the U.S.

Negative

• Delays in product launch due to global supply chain challenges.

TurnOnGreen’s EVP700-B Charger Available for Purchase through Amazon.com

LAS VEGAS--(BUSINESS WIRE)-- Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the “Company”), is pleased to announce that its subsidiary, TurnOnGreen, Inc., has launched its first residential electric vehicle (“EV”) charger, the TurnOnGreen EVP700-B, available for purchase through Amazon.com, Walmart.com, and Turnongreenev.com starting October 25, 2021.

The EVP700-B Level 2 home charger is UL certified, compatible with virtually all EVs and plug-in hybrid vehicles, and is rated for both indoor and outdoor use. Its release follows the recent launch of TurnOnGreen’s commercial EV charging product line in September 2021.

Milton “Todd” Ault, Executive Chairman of AGH, stated, “In spite of delays related to global supply chain challenges, I am pleased with the team at TurnOnGreen and achievement of this significant milestone of launching a new EV charger for the residential market. I look forward to more product launches from TurnOnGreen in the near future.”

“With over 50,000 new EVs sold each month in the United States, the demand for level 2 home-based charging is rapidly growing,” said Amos Kohn, President and Chief Executive Officer at TurnOnGreen. “The EVP700-B is an ultra-compact, level 2 EV charging solution that I believe is a perfect fit for the massive residential charging market.”

For inquiries about bulk purchases of the EVP700-B, please contact sales@turnongreen.com.

About Ault Global Holdings, Inc.

Ault Global Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Global Holding’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.AultGlobal.com.

About TurnOnGreen, Inc.

TurnOnGreen Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, life-saving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located at Milpitas, CA; www.TurnOnGreen.com.

Forward-Looking Statements

This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.AultGlobal.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211028005485/en/

IR@AultGlobal.com or 1-888-753-2235

Source: Ault Global Holdings, Inc.

FAQ

What is the TurnOnGreen EVP700-B charger?

The EVP700-B is a residential Level 2 electric vehicle charger designed for compatibility with most EVs and rated for indoor and outdoor use.

Where can I buy the TurnOnGreen EVP700-B?

The EVP700-B charger is available for purchase on Amazon, Walmart, and TurnOnGreen's official website.

When was the TurnOnGreen EVP700-B launched?

The TurnOnGreen EVP700-B charger was launched on October 25, 2021.

What certifications does the EVP700-B charger have?

The EVP700-B charger is UL certified, ensuring it meets safety standards for performance.

What company owns TurnOnGreen?

TurnOnGreen is a subsidiary of Ault Global Holdings, Inc. (NYSE American: DPW).