DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company ("DPW," or the "Company"), announced that its power electronics business, Coolisys Technologies Corp. ("Coolisys"), began accepting pre-orders on Amazon.com for its ACECoolTM residential level 2 7kW single electric vehicle ("EV") charger, on January 13, 2021. The wall mount charging system is compatible with all EVs that utilize the SAE J1772 connector, including all Tesla models with SAE J1772 adapters and can be installed in any residential house, garage or parking lot with a 240-volt power outlet. The Company issued a press release on October 16, 2020, stating that Coolisys envisioned this development occurring in early 2021.

Coolisys is encouraged by the interest in its residential EV chargers on Amazon.com and is in conversations with additional online retailers and distributors. The Company will continue to provide updates on key developments with potential channel partners as circumstances warrant.

Coolisys' President and CEO Amos Kohn said, "We are pleased to announce the Amazon pre-order launch of our residential EV wall mount charging system. Coolisys' compact, space saving wall mount AC charging system is easy to install and uses advanced charging technology that provides highly efficient and reliable charging of electric vehicles. We believe our EV charger product line is well positioned to address the expected rapid expansion of infrastructure required to support broad adoption of electric vehicles globally."

Coolisys | www.coolisys.com

DPW Holdings | www.dpwholdings.com