Coolisys Technologies Receives Over $5M in Development and Manufacturing Orders

Coolisys Technologies Receives Over $5M in Development and Manufacturing Orders

FREMONT, CA, July 09, 2018 (GLOBE NEWSWIRE) – Coolisys Technologies, Inc. (“Coolisys”) has received over $5,000,000 to date in orders to develop and manufacture cutting-edge medical automated test and calibration equipment through its wholly-owned subsidiary, Enertec Systems. Enertec Systems, Israel’s largest private defense/aerospace manufacturer of advanced specialized electronic systems, launched during the 2nd quarter of 2018 a new division, Enertec Medical, which focuses on product development and the engineering of medical technology and devices to deliver durable, advanced electronic and new product introduction (“NPI”) solutions for this market segment. Enertec Medical develops and manufactures specialized electronic systems including fully-automated testing equipment for cardiovascular medical calibration devices for one of the top 10 healthcare companies worldwide listed as a Fortune 50 medical OEM company.

For the second quarter of 2018, Enertec Medical has received orders totaling $2,455,000 to provide precise calibration solutions for cardiovascular catheters that enable physicians to treat a range of cardiac conditions and eliminates the need for cardiovascular surgery to treat heart rhythm disorders. “When Coolisys announced it was acquiring Enertec Systems, Coolisys based much of its revenue growth and expansion of its product portfolio by leveraging Enertec’s talented engineers and professionals and their extensive knowledge base driven by Enertec Systems’ ability to deliver world-class products and advance technology solutions,” said Amos Kohn, President, CEO and Chairman of Coolisys. Coolisys anticipates for the remainder of 2018 that Enertec Medical to grow its revenues quickly based on its ability to deliver advance technology solutions across multiple applications.