Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy”
or the “Company”), maker of Battle Born Batteries™ and an
industry leader in energy storage, joins the Nevada Battery
Coalition (“NBC” or the “Coalition”) as a founding member. The
Company also was granted a seat on NBC’s board of directors,
which will be occupied by Dragonfly Energy’s Chief Marketing
Officer Tyler Bourns. Dominic Sinnott, Director of Government
Affairs at Dragonfly Energy, will also participate as a member in
the organization.
The creation of the NBC was announced during the
Nevada Clean Energy & Transportation Conference, in February
2023. The Coalition’s goal is to provide critical support to
Nevada’s emerging lithium battery industry through economic
development, industry promotion, workforce training and growth, and
public awareness.
“Nevada is at the forefront of the global clean
energy economy, and companies like Dragonfly Energy and the other
founding members of the Nevada Battery Coalition are creating
good-paying jobs and helping our state continue to lead the way in
strengthening our domestic lithium supply chain,” said Senator
Cortez Masto. “Through my Innovation State Initiative, I’ve
championed policies to drive Nevada’s clean energy future, and I’ll
keep working with this valuable coalition to support our state and
its workers, innovators, and businesses.”
Dragonfly Energy joins other industry leaders as
founding members of the Nevada Battery Coalition, including
Panasonic Energy (a subsidiary of Panasonic Holdings Corp, OTCMKTS:
PCRFY), Ioneer (Nasdaq: IONR, ASX: INR), Aqua Metals (Nasdaq:
AQMS), Lithium Americas (TSX and NYSE: LAC), and Comstock Inc.
(NYSE: LODE), among others.
“As a lithium-ion battery manufacturer that
endeavors to power the lives of people every day, Dragonfly Energy
is proud to be among the energy industry leaders invited to join
the NBC,” Bourns said. “As Nevada seeks to become the lithium
capital of North America, we recognize the value this region brings
to the global lithium battery supply chain, and we’re ready to do
our part to empower our state’s future growth in this critical
industry.”
Dragonfly Energy’s inclusion as an active member
in the NBC also serves to continue strengthening the Company’s
existing relationships with other coalition members like Ioneer,
from which Dragonfly Energy has a partnership to secure lithium,
and Aqua Metals, which the Company has engaged for additional
lithium supply and recycling, with as well as align the Coalition
in a unified effort toward closing the lithium manufacturing and
supply loop in Nevada.
To learn more about Dragonfly Energy, visit
DragonflyEnergy.com.
About Dragonfly EnergyDragonfly
Energy Holdings Corp. (Nasdaq: DFLI) headquartered in Reno, Nevada,
is a leading supplier of deep cycle lithium-ion batteries.
Dragonfly Energy’s research and development initiatives are
revolutionizing the energy storage industry through innovative
technologies and manufacturing processes. Today, Dragonfly Energy’s
non-toxic deep cycle lithium-ion batteries are displacing lead-acid
batteries across a wide range of end-markets, including RVs, marine
vessels, off-grid installations, and other storage applications.
Dragonfly Energy is also focused on delivering an energy storage
solution to enable a more sustainable and reliable smart grid
through the future deployment of its proprietary and patented
solid-state cell technology. To learn more,
visit www.dragonflyenergy.com/investors.
About the Nevada Battery
CoalitionThe Nevada Battery Coalition is dedicated to
realizing the full potential of the lithium battery supply chain in
Nevada and strengthening the state’s position as a leading battery
center in North America. Members represent every stage of the
energy storage supply chain — from exploration to recycling — and
will help strengthen and diversify the Silver State’s mining,
technology, and manufacturing sectors by establishing Nevada as the
nation’s lithium battery powerhouse. The Coalition’s goal is to
provide critical support to the energy storage industry in Nevada
through public awareness, workforce growth, economic development,
and industry promotion.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995. Forward-looking statements include all statements that
are not historical statements of fact and statements regarding the
Company’s intent, belief, or expectations, including, but not
limited to, statements regarding the Company’s involvement with the
Coalition, the Company’s future results of operations and financial
position, planned products and services, business strategy and
plans, market size and growth opportunities, competitive position
and technological and market trends. Some of these forward-looking
statements can be identified by the use of forward-looking words,
including “may,” “should,” “expect,” “intend,” “will,” “estimate,”
“anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,”
“could,” “would,” “continue,” “forecast” or the negatives of these
terms or variations of them or similar expressions.
These forward-looking statements are subject to
risks, uncertainties, and other factors (some of which are beyond
the Company’s control) which could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include those set forth in the sections
entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in the Company’s Annual Report on Form
10-K for the year ended December 31, 2022 and in the Company’s
subsequent filings with the SEC available at www.sec.gov. If
any of these risks materialize or any of the Company’s assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. There may be
additional risks that the Company presently does not know or that
it currently believes are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements. All forward-looking statements contained in this press
release speak only as of the date they were made. Except to the
extent required by law, the Company undertakes no obligation to
update such statements to reflect events that occur or
circumstances that exist after the date on which they were
made.
Investor Relations Sioban Hickie, ICR,
Inc.DragonflyIR@icrinc.com
Media RelationsAmy Demuth, RAD Strategies
Inc.team@radstrategiesinc.com
Source: Dragonfly Energy Holdings Corp.
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