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BitNile Reports Its TurnOnGreen Subsidiary Won Contract From Global Leader In Distributed Access Architecture Space To Develop Custom Power Solution For Generic Access Platform Node, No Terms Disclosed

BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company (the “Company”), announced today that its green energy technology and global power electronics subsidiary, TurnOnGreen, Inc.

Benzinga · 04/29/2022 06:36

BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company (the “Company”), announced today that its green energy technology and global power electronics subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”), through its wholly owned subsidiary, Digital Power Corporation (“DPC”), was recently awarded a contract from a global leader in Distributed Access Architecture to develop a custom power solution for their Generic Access Platform (“GAP”) Node.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220429005174/en/

TurnOnGreen’s GAP Node power solution will be compliant with the Society of Cable Telecommunications Engineers specifications and requirements for interchangeable module within the GAP enclosure for use in cable access, fiber access, wireless access networks and future applications. The custom power solution will simplify network operations and reduce operational expenses for multisystem operators, supporting the growing demand for broadband data services, IP video streaming services, and large file transfer technology.

“Custom design and manufacturing of power solutions is a core competency of our business. We will continue to grow to support the expansion of our green energy technology platform,” said TurnOnGreen’s Chief Executive Officer, Amos Kohn. “Our innovative technology and advanced digital power processing solutions will help provide limitless broadband access to deliver fast, high-quality, reliable internet and streaming services to millions of people worldwide.”

“TurnOnGreen and DPC have a 50-year history of successfully designing and commercializing custom power solutions for the telecommunication industry,” said Marcus Charuvastra, Chief Revenue Officer at TurnOnGreen. “Maintaining a diverse and nimble business operating unit is a key part of our growth strategy. This contract provides the company access to an enormous broadband market that is evolving quickly.”