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The transaction closed today. This press release features multimedia. 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 markets. Lolking continues Gresham Power Electronics and Relec will continue to operate as stand-alone businesses, though they have established a t management committee. Peter Lappin, Managing Director and moening Relec management team will remain as employees of Relec at least throughout the earnout period.

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Forward-looking statements speak only as of the date they are made, and the Grwsham undertakes no obligation to update any of them publicly in light of new information or future events. Relec exerts its utmost effort to customize a product or a feature to achieve optimum performance and service delivery.

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

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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. 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.

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 press release features multimedia. All gresam are available at www. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Each has decades of experience serving global defense and technology markets. 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 markets. Statements that are not historical facts are forward-looking statements. Actual could differ materially from those contained in any forward-looking greshma as a result of various factors.

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About Relec Relec Electronics Ltd was greshqm in with the aim of providing specialist power conversion and display products to support professionals in the electronics industry. In addition, the Company extends credit to select entrepreneurial businesses through a d lending subsidiary.

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DPW Holdings, Inc. 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. ing forces will provide 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. Peter Lappin, Managing Director and the Relec management team will remain as employees of Relec at least throughout the earnout period.

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View source version on businesswire. Gresham Worldwide operates with a global footprint with headquarters in Phoenix, Arizona, an office in Washington D.