Flux Power to Host Investor Tours at its Lithium-Ion Battery Pack Manufacturing Facility in Vista, California on Tuesday, August 2, 2022
07 Julho 2022 - 9:31AM
Business Wire
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 Class I-III Material Handling Equipment, Three-wheel Forklifts,
Automated Guided Vehicles (AGV) and Autonomous Mobile Robots
(AMR)
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 Tuesday, August 2, 2022, 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 Chuck Scheiwe 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:
- L36-630 Battery Pack: In response to customer
requests for a 36-volt option for 3-wheel forklifts, Flux Power
leveraged the customer feedback from the L48 battery to develop a
newly designed 36 volt offering to power 3-wheel forklifts.
- C48 Battery Pack: In response to recent
improvements in technology and engineering design, Flux Power has
developed the C48 for AGVs and AMRs. This design was improved to
make the battery easier to service as well as lower the total cost
of ownership for customers. AGVs and AMRs are increasing in
popularity due to labor shortages in warehouses and distribution
centers. AGVs and AMRs require a robust battery solution for high
utilization rates and improved downtime.
- S24 Battery Pack: The S24 battery pack, which
previously was only available in a 105Ah version, is now available
in a high-capacity version, delivering 210Ah for extra-long and
demanding shifts.
Space is limited and registration is required. For more details
and to register for the event, investors and analysts should
contact FLUX@mzgroup.us 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
Flux Power recently announced its third quarter 2022 revenue had
increased 89% to $13.2 million, representing its 15th consecutive
quarter of year-over-year revenue growth. The Company received
$20.5 million in new purchase orders during third quarter with
customer order backlog at record $38.6 million. Recent strategic
initiatives are driving increased backlog conversion, higher
inventory turns and improved gross margins, resulting in progress
to profitability.
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. Such forward-looking statements include impact of
COVID-19 on Flux Power’s business, results and financial condition;
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, deferral of shipments,
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 Flux Power’s ability to negotiate and
enter into a definitive agreement in connection with the Letter of
Intent. 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.
Flux, Flux Power, and associated logos are trademarks of Flux
Power Holdings, Inc. All other third-party brands, products,
trademarks, or registered marks are the property of and used to
identify the products or services of their respective owners.
Follow us at:
Blog: Flux Power Blog News Flux Power News Twitter: @FLUXpwr
LinkedIn: Flux Power
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version on businesswire.com: https://www.businesswire.com/news/home/20220707005109/en/
Media & Investor Relations: Justin Forbes 877-505-3589
info@fluxpower.com
External Investor Relations: Chris Tyson,
Executive Vice President MZ Group - MZ North America 949-491-8235
FLUX@mzgroup.us www.mzgroup.us
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