Largest Order in the Company’s History from Manufacturer of Disruptive Technology
Digital Power Corporation (NYSE: DPW) has been awarded a 3-year, $50 million purchase order by MTIX Ltd., headquartered in Huddersfield, West Yorkshire, U.K., to manufacture, install and service textile treatment systems that utilize MTIX’s proprietary Multiplexed Laser Surface Enhancement (MLSE™) system. MTIX has developed a cost effective and environmentally friendly material synthesis technology featuring a virtual dry process and breakthrough technology for textile applications utilizing the MLSE™ system which uses a combination of high voltage, high frequency electrical discharge plasma and laser energy to imbue textiles with desirable technical characteristics.
“This purchase order represents a significant business step by the Company since the order will enhance our power solution core technology business, as well as open new market opportunities,” stated Mr. Amos Kohn, the Company’s President and Chief Executive Officer. “Because of our well-established international engineering and manufacturing capabilities, Digital Power Corporation is the perfect partner for MTIX Ltd. We will leverage our UK based subsidiary, Digital Power Limited, to manufacture, install and service the initial systems in this order for U.K./European based customers. Our expertise with power solution systems for the commercial and defense markets works well for the design of the MLSE™ system, which has components that include a sophisticated plasma and energy system,” Kohn further stated. This purchase order also validates the Company’s effort to seek new business opportunities. Through its strategic investments, the Company has acquired an indirect interest in MTIX and its proprietary technology.
The state-of-the-art MLSE™ technology can be applied to a wide range of textiles and materials and yields economic and environmental benefits. Integrated with an existing process line or operating as a standalone unit, the MLSE™ system reduces greenhouse gas emissions, water consumption and the use of hazardous and toxic chemicals in the manufacturing process while providing enhancements to final products.
The MLSE™ technology can be employed at all stages of materials processing and surface preparation including cleaning, dyeing, printing and finishing. MLSE™ is essentially a dry process, carried out at atmospheric pressure and using safe, inert gases with a combination of plasma and photonic energy to effect material synthesis. The intensity of the hybrid energy and an admixture of various gases determine the nature of the fabric enhancement.
Functional treatments and outcomes that are possible with MLSE™ include:
- Textile surface preparation
- Printing enhancements
- Dyeing process enhancements
- Hydrophobicity, oleophobicity, stain resistance and durability
- Fire retardancy
- Antimicrobial properties
Kohn further stated, “We are proud to partner with MTIX on such a revolutionary technology with so much potential for the textile industry. As part of our strategic alliance with MTIX, we will manufacture and support this unique technology, which offers significant performance improvements, processing cost savings and environmental benefits.” Mr. Kohn continued, “With the system’s ability to produce superior products while reducing the environmental impact of materials processing in an industry that traditionally uses high levels of water, energy and chemicals, we expect to continue to supply this “green technology” for major international textile manufacturers in the coming years.”
Digital Power Limited, a wholly owned subsidiary of Digital Power Corporation, will manufacture, install and service MLSE™ systems for the UK and European textile market. Its global presence and collaboration with MTIX will allow Digital Power Corporation to offer opportunities for fabric manufacturers and processors to increase their market share and to process products by innovative and efficient means.
About Digital Power Corporation
Headquartered in Fremont, Calif., Digital Power Corporation designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers demand high density, high efficiency and ruggedized power solutions. Its wholly owned subsidiary, Digital Power Limited branded as Gresham Power Electronics, is based in Salisbury, UK. Corporate website: www.digipwr.com.
About MTIX Ltd.
MTIX, Ltd. is an advanced materials and processing technology company located in Huddersfield, West Yorkshire, UK. The company has developed a novel, cost effective and environmentally friendly material synthesis technology for textile applications. The MLSE™ technology for textile applications was partly funded by Eco-Innovation Initiative of the European Union. Website: www.mti-x.com.
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