Hyperscale Data’s Defense Subsidiaries Seeing Increase in Demand
October 04 2024 - 7:30AM
Business Wire
Hyperscale Data, Inc. (NYSE American: GPUS), a diversified
holding company (“Hyperscale Data,” or the
“Company”), today announced that two of its defense industry
subsidiaries, Enertec Systems 2001 Ltd. and Digital Power
Corporation, are seeing an increase in demand for their products,
which they believe are due to the current situation in the Middle
East. As the conflict has unfolded, the defense subsidiaries have
seen a marked increase of governments and contractors looking for
defense technologies and solutions. The ongoing crisis has put a
tremendous strain on inventory supplies and production schedules as
companies strive to support the urgent needs of clients across
these strategic regions.
Hyperscale Data Executive Chairman, Milton “Todd” Ault III,
stated, “The defense business is experiencing robust demand for its
power electronics business, highlighting the critical need for
advanced technological solutions in today’s security landscape. The
heightened demand demonstrates the crucial role of our defense
businesses in Israel, the United Kingdom and the U.S.”
The Company, through its defense subsidiaries, is actively
engaging with local and international partners to navigate the
current challenges due to the growing conflict in the Middle East
and is confident in its ability to fulfill its commitments.
For more information on Hyperscale Data and its subsidiaries,
Hyperscale Data recommends that stockholders, investors, and any
other interested parties read Hyperscale Data’s public filings and
press releases available under the Investor Relations section at
https://hyperscaledata.com/ or available at www.sec.gov.
About Hyperscale Data, Inc.
Hyperscale Data is a diversified holding company pursuing growth
by acquiring undervalued businesses and disruptive technologies
with a global impact. Through its wholly and majority-owned
subsidiaries and strategic investments, Hyperscale Data owns and
operates a data center at which it mines Bitcoin and offers
colocation and hosting services for the emerging artificial
intelligence ecosystems and other industries. It also provides
mission-critical products that support a diverse range of
industries, including a social gaming platform, equipment rental
services, defense/aerospace, industrial, automotive,
medical/biopharma, hotel operations and textiles. In addition,
Hyperscale Data is actively engaged in private credit and
structured finance through a licensed lending subsidiary.
Hyperscale Data’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141; Hyperscale Data,
Inc.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. 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.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
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. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8- K. All filings are available at www.sec.gov and on the Company’s
website at www.hyperscaledata.com.
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Hyperscale Data Investor Contact: IR@hyperscaledata.com
or 1-888-753-2235
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