Ault Global Holdings’ Subsidiary Gresham Worldwide Books Orders Totaling Approximately $15.2 Million During the Last Two Quarters
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Bookings at Gresham’s operating companies picked up in mid-2021 as customers made decisions to purchase its products that were deferred in 2020 as a result of the COVID pandemic. The global defense business remained relatively strong throughout the pandemic in 2020, but pent-up demand has driven increased bookings activity at Gresham in 2021.
Enertec Systems 2001 Ltd. Improving financial condition and resources during the last six months enabled
Enertec, based in Israel, to secure approximately $5.7 millionin new orders from major prime defense contractors for Israeli Defense Forces, the Israeli Ministry of Defenseand others, primarily for missile launch, control, test and monitoring systems.
Microphase Corporation. Building customer confidence in Microphase’s capacity to deliver on time has led to an upward trend in bookings to a total of approximately $3.6 millionin orders for Microphase’s bespoke Radio Frequency (RF) Filter and Detector Log Video Amplifier (DLVA) product lines.
RELEC Electronics Ltd. Bookings for power conversion equipment and displays at RELEC in the UKreached approximately $4.5 millionover the last two quarters to build record backlog levels as customers are ordering earlier and in higher volumes, and as a hedge against current supply chain turmoil.
Gresham Power Electronics Ltd. Gresham Power in the UKadded approximately $1.4 millionin orders that were received with respect to projects that were initially delayed by uncertainty over BREXIT and then further delayed as COVID-19 related shutdowns hit shipyards, which are building new vessels for the Royal Navy.
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