TurnOnGreen, Inc. Secures $2.2 Million in Defense Orders and Expands Market Presence with Advanced Power Solutions

Rhea-AI Summary

TurnOnGreen, Inc. (OTC:TOGI) has announced significant developments in its power electronics division, Digital Power (DPC). The company has secured $2.2 million in orders from a leading global defense contractor for its newly developed defense-grade power conversion modules (PCMs) and power control systems, including a proprietary power distribution unit (PDU) for off-road tactical vehicles and military ambulances.

Additionally, TurnOnGreen has obtained a strategic contract with an Israel-based defense to design, develop, and manufacture custom PCMs and PDUs for tactical vehicles used by the Israel Defense Forces. The company is also supplying custom-designed, uninterruptible power solutions to a major global aerospace and defense firm for use in Transportable Tactical Command Communications systems.

These developments highlight TurnOnGreen's growing presence in the high-margin defense sector and its focus on long-term value creation in growth-oriented verticals such as electric vehicle charging and advanced electronics for aerospace, defense, and telecom sectors.

Positive

• Secured $2.2 million in orders from a leading global defense contractor
• Obtained a strategic contract with an Israel-based defense
• Supplying custom-designed power solutions to a major global aerospace and defense firm
• Expansion into high-margin defense sector
• Diversification into growth-oriented verticals (EV charging, aerospace, defense, telecom)

Negative

• None.

MILPITAS, Calif.--(BUSINESS WIRE)-- TurnOnGreen, Inc. (OTC:TOGI) (“TurnOnGreen” or the “Company”) today announced that its power electronics division, Digital Power Corporation (“DPC”), has successfully developed a new line of defense-grade power conversion modules (“PCMs”) and power control systems, including a proprietary power distribution unit (“PDU”) for off-road tactical vehicles and military ambulances. These innovations have already resulted in $2.2 million in orders from a leading global defense contractor for integration into mobile strategic defense assets.

All-Terrain Tactical Vehicle. All rights reserved Copyright @2024 TurnOnGreen, Inc.

In addition to this order, TurnOnGreen has secured a strategic contract with an Israel-based defense corporation to design, develop, and manufacture custom PCMs and PDUs for tactical vehicles. These cutting-edge products are designed for deployment by the Israel Defense Forces in all-terrain armored fighting vehicles and first-response military ambulances, showcasing the Company’s capabilities in providing mission-critical, high-reliability solutions.

Building on this momentum, TurnOnGreen continues to expand its portfolio by supplying custom-designed, uninterruptible power solutions to a major global aerospace and defense firm. These products are integral to Transportable Tactical Command Communications systems used across several military organizations. The demand for these specialized solutions underlines TurnOnGreen’s positioning in the high-margin defense sector.

“Digital Power Corporations’ growth trajectory continues to accelerate across multiple sectors, including aerospace, defense, and telecommunications,” said Amos Kohn, Chairman and CEO of TurnOnGreen. “Securing long-term, high-value contracts for engineering, design, and manufacturing is a testament to the strength of our advanced power solutions.”

“TurnOnGreen is focused on long-term value creation by pursuing growth-oriented verticals, such as electric vehicle charging and advanced electronics for aerospace, defense, and telecom sectors,” said Marcus Charuvastra, President of TurnOnGreen. “These high-margin segments position us for continued financial growth and shareholder returns.”

TurnOnGreen offers scalable custom power solutions and electric vehicle charging infrastructure to homes, businesses, and commercial fleets across North America. The Company’s subsidiary, TOG Technologies, Inc. leads its efforts in developing cutting-edge technologies for fast-growing industries, ensuring sustained value creation for stakeholders.

For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.

About TurnOnGreen

TurnOnGreen Inc. (OTC: TOGI) designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving 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 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.TurnOnGreen.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241021652200/en/

TurnOnGreen Investor Contact:

IR@TurnOnGreen.com or (877) 634-0982

Source: TurnOnGreen, Inc.

FAQ

What is the value of the defense orders secured by TurnOnGreen (TOGI)?

TurnOnGreen (TOGI) has secured $2.2 million in defense orders for its newly developed power conversion modules and power control systems.

What new products has TurnOnGreen (TOGI) developed for the defense sector?

TurnOnGreen (TOGI) has developed a new line of defense-grade power conversion modules (PCMs), power control systems, and a proprietary power distribution unit (PDU) for off-road tactical vehicles and military ambulances.

Which international defense contract has TurnOnGreen (TOGI) recently secured?

TurnOnGreen (TOGI) has secured a strategic contract with an Israel-based defense to design, develop, and manufacture custom PCMs and PDUs for tactical vehicles used by the Israel Defense Forces.

What sectors is TurnOnGreen (TOGI) focusing on for growth?

TurnOnGreen (TOGI) is focusing on growth-oriented verticals such as electric vehicle charging and advanced electronics for aerospace, defense, and telecom sectors.