Management to Showcase 64,000 Square Foot Production Facility and Recent Manufacturing & Production Process Improvements
Flux Power to Brief Investors on Complete Product Line of Lithium-Ion Battery Packs Including New Products for Narrow Aisle Forklifts and End Rider/Center Rider Forklifts, and New Onboard Integrated Charging Option
VISTA, Calif., July 09, 2024--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will host an investor day on Wednesday, August 7, 2024, from 9:15 a.m. PT to 1:15 p.m. PT at its company headquarters and manufacturing facility in Vista, California.
Flux Power Chief Executive Officer Ron Dutt and Chief Financial Officer Kevin Royal will be joined by other senior management team members to provide an overview of Flux Power’s clean, safe, and innovative lithium technology platforms, growth strategies and strategic initiatives. Immediately following the presentation and Q&A session, attendees will have the opportunity to tour the facility and join senior management for lunch.
Investors and analysts who attend the tour will see recent facility manufacturing process improvements to increase capacity and an additional production line, as well as the Company’s newest additions to its industrial and commercial energy solutions, including:
Heavy-Duty M36-G2: The new modularly designed Class II M36-G2 lithium-ion solution helps complete the full product line of the new G2-Series of battery packs. The innovative M36-G2 will offer 630 Ah and 840 Ah capacity options to bring more power and longer run times to warehouse operations employing Class II narrow aisle forklifts.
Heavy-Duty X48-G2: The new innovative Class I X48-G2 lithium-ion battery pack for end rider and center rider forklifts offers 630 Ah and 840 Ah capacity options for operations that rely on Class I 4-wheel counterbalance forklifts to withstand long, enduring shifts.
M24 Onboard Integrated Charger: The new onboard charger option for M24 lithium-ion battery packs installed in Class III end rider and center rider forklifts brings more efficiency to warehouse operations. Forklift operators can plug the battery pack into any outlet, anywhere in the warehouse, instead of returning the rider pallet jack back to the charging station.
Space is limited and registration is required. For more details and to register for the event, investors and analysts should contact [email protected] or call Chris Tyson at (949) 491-8235.
Agenda: Time: 9:15 AM PT to 1:15 PM PT Location: Flux Power’s Headquarters and Manufacturing Facility in Vista, CA
About Flux Power Holdings, Inc.
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.
Forward-Looking Statements
This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Accordingly, statements are not guarantees of future results. Some of the important factors that could cause Flux Power’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: risks and uncertainties, related to Flux Power’s business, results and financial condition; plans and expectations with respect to access to capital and outstanding indebtedness; Flux Power’s ability to comply with the terms of the existing credit facilities to obtain the necessary capital from such credit facilities; Flux Power’s ability to raise capital; Flux Power’s ability to continue as a going concern. Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, cancellation of purchase orders, deferral of shipments, Flux Power’s ability to improve its gross margins, or achieve breakeven cash flow or profitability, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to obtain the necessary funds under the credit facilities, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products, and changes in pricing. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of ?operations, financial condition and performance will not differ materially from the ?results of operations, financial condition and performance reflected or implied by these forward-?looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.
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