TurnOnGreen Bolsters Market Presence with $3.9 Million in Strategic Defense Contracts

Rhea-AI Summary

TurnOnGreen (OTC: TOGI) has secured $3.9 million in defense contracts through its power electronics division, Digital Power The contracts involve producing defense-grade power conversion modules, tactical power systems, and power distribution solutions for military vehicles and communication systems. The company has partnered with an Israel-based defense OEM to supply power systems for armored fighting vehicles and military ambulances. Additionally, TurnOnGreen is providing uninterruptible power solutions for Transportable Tactical Command Communications systems. The company's solutions have been tested and validated by the Israel Defense Forces (IDF), meeting international military standards.

Positive

• Secured $3.9 million in defense contracts
• Established strategic partnership with Israel-based defense OEM
• Products validated by Israel Defense Forces (IDF)
• Expansion into high-margin defense sector opportunities

Negative

• None.

MILPITAS, Calif.--(BUSINESS WIRE)-- TurnOnGreen, Inc. (OTC: TOGI) (“TurnOnGreen” or the “Company”) announced today that its power electronics division, Digital Power Corporation (“DPC”), has secured $3.9 million in defense contracts. The agreements encompass the production and integration of cutting-edge defense-grade power conversion modules (PCMs), 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.

Photo courtesy of Digital Power Corporation @2024 All rights reserved.

Further strengthening its position in the defense sector, TurnOnGreen has secured a strategic contract with a prominent Israel-based defense original equipment manufacturer (OEM). Under this agreement, the Company will supply and integrate advanced power systems for all-terrain armored fighting vehicles and first-response military ambulances.

Expanding its global 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, which are critical to military operations worldwide.

TurnOnGreen’s cutting-edge power solutions play a vital role in supporting modern military operations across diverse and challenging terrains. In collaboration with the Israel Defense Forces (“IDF”), the Company 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 both its 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 unmatched 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 and demanding battlefield environments. Mr. Kohn added, “TurnOnGreen’s growth trajectory continues to accelerate across aerospace, defense, industrial, and telecommunications sectors, solidifying our position as a trusted partner for customers who rely on innovative and dependable power solutions.”

"TurnOnGreen remains dedicated to driving long-term value through strategic high-growth verticals such as electric vehicle charging, advanced electronics for defense, and 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."

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, 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/20241127638713/en/

TurnOnGreen Investor Contact:

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

Source: TurnOnGreen, Inc.

FAQ

What is the value of TurnOnGreen's (TOGI) new defense contracts in 2024?

TurnOnGreen (TOGI) has secured $3.9 million in defense contracts for producing and integrating defense-grade power conversion modules and tactical power systems.

What military products is TurnOnGreen (TOGI) developing under the new contracts?

TurnOnGreen is developing power conversion modules, tactical power switching and charging systems, and power distribution solutions for off-road tactical vehicles, military ambulances, and warfare communication systems.

Which major military organization has validated TurnOnGreen's (TOGI) power solutions?

TurnOnGreen's power solutions have been tested and validated by the Israel Defense Forces (IDF), meeting their requirements and international military standards.