IMPERALIS HOLDING CORP - IMHC STOCK NEWS

Imperalis Holding Corp. (OTC: IMHC) announced the completion of the development phase of its Generic Access Platform (GAP) power supply unit through its subsidiary, Digital Power Corporation (DPC). The GAP unit enhances broadband network access and allows multi-system operators to upgrade technologies and services efficiently. Key features include adaptive power management, high efficiency, and compliance with SCTE standards. The company aims to leverage this product to tap into the expanding broadband market, enhancing internet and streaming services globally. This development reflects Imperalis’ commitment to innovative power solutions in telecommunications.

Imperalis Holding Corp. (OTC: IMHC), set to be renamed TurnOnGreen, Inc., announced the completion of four electric vehicle (EV) charging stations in Sonora, CA. These stations, installed through a partnership with Sunrise Hills Commercial Association, will enhance EV charging services for local businesses and residents. The site features high-power, networked EVP700G Level 2 chargers, accessible via the TurnOnGreen App. This initiative aims to support e-mobility tourism by accommodating the increasing number of electric vehicles in the region.

Imperalis Holding Corp. (OTC: IMHC), soon to be renamed TurnOnGreen, Inc., has expanded its EV charging network by adding two AVIS Car Rental locations in Alaska. The activation of EVP1100 Level 2 chargers in Anchorage and Juneau reflects the growing demand for electric vehicles (EVs). The partnership aims to support fleet operators transitioning to electric options. The Alaska Energy Authority is set to receive approximately $52 million over five years to enhance the state's EV infrastructure.

Imperalis Holding Corp. (OTC: IMHC), soon to be renamed TurnOnGreen, Inc., announced its selection as an endorsed supplier of electric vehicle (EV) charging systems by Best Western Hotels & Resorts. This partnership will provide member hotels across North America with affordable and flexible EV charging solutions, including the EV700 and EVP700. The demand for EV charging services is increasing in the hospitality sector, positioning the company for growth.

Imperalis Holding Corporation (OTC: IMHC) is set to be renamed TurnOnGreen, Inc., focusing on electric vehicle (EV) infrastructure solutions. For Q3 2022, the company reported revenues of $1,827,000, a 67% increase from the same period last year, despite a net loss of $486,000. Total assets rose to $7,018,000, up from $4,430,000 at year-end 2021. However, nine-month revenues declined 7% to $4,018,000 with a net loss of $2,423,000. Management expresses optimistic growth expectations for EV charging infrastructure.

Imperalis Holding Corp. (OTC: IMHC) will be renamed TurnOnGreen, Inc., specializing in electric vehicle charging solutions. President Marcus Charuvastra will participate in a Federal Electric Vehicle Policy Panel at the U.S. Capitol on September 20, 2022, discussing Biden-Harris administration policies for EV infrastructure in the car rental sector. The Inflation Reduction Act supports this transition by offering clean vehicle credits, potentially growing the U.S. car rental market by 9.8% in 2022. The company aims to enhance access to federal funding for electric vehicle charging initiatives.

BitNile Holdings (AMEX: NILE) is planning to split into four public companies, focusing on diverse sectors including Bitcoin mining and electric vehicle solutions. This spin-off will see the distribution of nearly $600 million in assets to shareholders. Recent spin-offs include TurnOnGreen and Gresham Worldwide, both of which are now publicly traded. The company aims to enhance operational focus through these separations, providing stockholders with ownership stakes in distinct businesses. A conference call is scheduled for October 17, 2022 to discuss details.

Imperalis Holding Corp. (OTC: IMHC) announced the completion of its acquisition of TurnOnGreen, Inc., a company specializing in electric vehicle charging solutions. This move positions TurnOnGreen as a subsidiary of Imperalis, with Amos Kohn appointed as CEO. The acquisition aims to leverage public markets to enhance the development and distribution of TurnOnGreen's technology. The company aspires to uplift to the Nasdaq Capital Market and will operate through its subsidiaries, TOG Technologies Inc. and Digital Power Corporation.