Enertec Systems

Company Overview

Snapshot

Founded in August 2001, Enertec Systems operates with 11–50 employees. The company was acquired by Coolisys Technologies in May 2018, marking a significant milestone in its corporate trajectory.

Business overview

Enertec Systems specializes in the design, development, manufacturing, and supply of customized military computer-based systems for missile defense, command and control, and other applications. Its core technology includes electronic systems like power supplies and converters for combat aircraft, missiles, and mobile ground units, as well as test and simulation systems for weapon systems. The company serves the defense and aerospace markets, providing ruggedized solutions designed for harsh environments and battlefield conditions.

Strategic signal

In February 2020, Enertec Systems, through its parent company's subsidiary Gresham Worldwide, secured a $1.4 million purchase order from a defense and aerospace customer, with potential for over $10 million annually. This indicates strong ongoing demand for Enertec's specialized products and signals continued growth opportunities within the defense sector, validating the company's market position post-acquisition.

Company Intelligence Q&A

What was a significant corporate event for Enertec Systems?

Enertec Systems was acquired by Coolisys Technologies in May 2018. This acquisition strengthened Micronet Enertec's balance sheet by removing Enertec's debt and adding over $4.7 million in cash, allowing Micronet Enertec to focus on its Mobile Resources Management (MRM) space.

What recent contract was awarded to Enertec Systems?

In February 2020, Gresham Worldwide, a subsidiary of DPW Holdings, announced that Enertec Systems was awarded a $1.4 million purchase order from a defense and aerospace customer. This order also included a follow-up order of an additional $1.4 million related to the testing system.

What is the potential annual value of the customer orders for Enertec Systems?

The defense and aerospace customer that awarded Enertec Systems a $1.4 million purchase order in February 2020 has the potential to order over $10 million of Enertec products per year.

What type of products does Enertec Systems develop?

Enertec Systems develops and manufactures electronic systems, including power supplies and converters for combat aircraft, missiles, and mobile ground units; test and simulation systems for weapon systems; ruggedized command-and-control mobile equipment; and command-and-control workstations for weapon systems.

What was the impact of the acquisition on Micronet Enertec Technologies?

The sale of Enertec Systems to Coolisys Technologies in May 2018 strengthened Micronet Enertec Technologies' balance sheet by removing Enertec's debt and adding over $4.7 million in cash. Micronet Enertec expected its gross margins to improve significantly and planned to focus on advancing opportunities in the Mobile Resources Management space.