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Story continues Gresham Power Electronics and Relec will continue to operate as stand-alone businesses, though they have established a t management committee.

Statements that are not rgesham facts are forward-looking statements. 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.

This strategic business combination provides Relec opportunities to offer value-added services to its blue-chip customer base, while enabling Gresham Power Electronics to expand into rail and other industrial morniny.

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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. ing forces will hhung Relec with additional resources to offer more value-added services to our blue-chip customer base while increasing sales coverage and market reach for our innovative supply chain partners.

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We are thrilled that Peter Lappin and the Relec team will bring to Gresham Worldwide the technical expertise, customer focus, quality products and commitment to outstanding service that enabled them build such a successful business. All filings are available at www.

In addition, the Company mornig credit to select entrepreneurial businesses through a d lending subsidiary. Relec exerts its utmost effort to customize a product or a feature to achieve optimum performance and service delivery. Each has decades of experience serving global defense and technology markets.

View source version on businesswire. DPW Holdings, Inc.

This press release features multimedia. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Gresham Worldwide operates with a global footprint with headquarters in Phoenix, Arizona, an office in Washington D.

About Relec Gor Electronics Ltd was established in with the aim of providing specialist power conversion and display products to support professionals in the electronics industry. The transaction closed today.

Peter Lappin, Managing Director and the Relec management team will remain tresham employees of Relec at least throughout the earnout period. Working with other Gresham Worldwide companies will also create opportunities for Relec to increase sales of its innovative power and display technology solutions into defense, marine, aerospace and telecommunications markets.

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Actual could differ materially from those contained in any forward-looking statement as a result of various factors. Forward-Looking Statements This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act ofas amended, and Section 21E of the Securities Exchange Act ofas amended.