Ault Global Holdings Inc (NYSEAMERICAN:DPW) is moving higher again in the pre-market session on Wednesday, extending its monthly gain to 19%.
Major Trigger:
Ault Global Holdings’ Subsidiary, Coolisys Technologies Corp., and ChargeLab, Inc. Enter a Partnership to Support the Launch of Scalable Electric Vehicle (EV) Smart Charging Solutions
Key Highlights:
- announced today that the Company’s subsidiary, Coolisys Technologies Corp®., a leading-edge technology company (“Coolisys”), has executed a partnership agreement with ChargeLab, Inc. (“ChargeLab”) to design, build and publish cross-platform mobile experiences for residential and commercial end-users of TurnOnGreen™ EV chargers. TurnOnGreen, Inc., a recently established subsidiary of Coolisys, is dedicated to commercializing and launching its full service of electric vehicle supply equipment (“EVSE”) and services.
- Under this agreement, ChargeLab will support Coolisys in the pre-production stage of the TurnOnGreen EV charging product by performing testing sessions to ensure and validate solid firmware compliance with the Open Charge Point Protocol (“OCPP”).
Key Quote
Mr. Kohn, President and CEO of Coolisys and TurnOnGreen, stated, “ChargeLab has proven experience in the development of custom member-facing applications and providing pre-launch manufacturing support to ensure compatibility with existing platforms at launch for top tier EVSE manufacturers. We are excited to engage in this partnership and feel confident ChargeLab’s support will allow us to launch a cross-platform mobile experience compliant with industry standards for our residential and commercial customers.” Mr. Kohn continued, “The main objectives of the agreement with ChargeLab are:
Market Reaction
As of 7:48, DPW stock jumped 5.65% to $2.99. So far the stock has traded 96K shares traded hands.
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