DPW Holdings, Inc. (AMEX: DPW) disclosed today that its power electronic business, Coolisys Technologies Corp. has launched a new hybrid alternating current (AC) and direct current (DC) electric vehicle charger. The company aimed to address the expected rapid expansion of infrastructure required to support the broad adoption of electric vehicles globally by expanding its product line.
The new hybrid EV charger gives flexibility as it will produce both AC and DC charge and is well-matched with the J1772, CCS1, and CHAdeMO standards. This new electric vehicle charger has the ability of multiple charging. It includes a level 2 AC charging plug, well-suited with the J1772 standard, and two-level 3 DC fast charging plugs well-matched with the CCS1 and CHAdeMO standards.
This new hybrid configuration has the ability to charge any type of electrical vehicles including Ford, General Motors, Nissan, Toyota, Honda, Volkswagen, and even the Tesla vehicles with the help of a Tesla charging adapter. This is the greatest achievement of the company in the electrical equipment and parts industry.
The new EV charger product line of Coolisys features a user-friendly interface showed on a large touchscreen, advanced user authentication, and offers wired or wireless connectivity for communication with a central office to enable charging status updates in addition to remote assistance and software updates.
DPW Holdings, Inc. (AMEX: DPW) shares were trading up 13.64% at $2.25 at the time of writing on Friday. DPW Holdings, Inc. share price went from a low point around $0.53 to briefly over $6.55 in the past 52 weeks, though shares have since pulled back to $2.25. It has moved up 324.53% from its 52-weeks low and moved down -65.65% from its 52-weeks high. DPW market cap has remained high, hitting $25.66 million at the time of writing.
DPW Holdings has earlier revealed that it is searching for the possibility of conducting public subscription rights. The Company is planning to offer any or all of the securities such as dividend-yielding preferred stock, common stock, and warrants to purchase common stock.