"The estimates we have been able gather show only an 8-9% penetration of lithium-ion. ![]() "When we show customers the benefits of lithium-ion as an economically viable advanced form of energy, there is a strong demand to replace lead acid batteries," Dutt said. In response to Davis' consideration of which industries are making an energy transition away from lead acid batteries, Dutt said equipment handling, notably in airport equipment, continues to primarily rely on lead acid batteries. However, we still have steady demand for lithium-ion energy storage solutions that continue to grow among our customers, and we continue to build relationships and add new, large-company customers." "Our customers are seeing supply chain shortages and increased prices for shipping and steel abate, which may have impacted their ability to replace material handling equipment. "Our business has continued unabated due to the strong demand in migration from lead acid to lithium-ion," said Dutt. Its growth, providing sustainable energy products to replace the lead acid battery packs used to power industrial and commercial equipment, has sustained through market uncertainty, with the Company in the last quarter alone adding two new large fleet customers. The Company has led in the design, manufacture, and sales of lithium battery packs for forklifts, airport equipment and more since 2009. (NASDAQ: FLUX) ("the Company"), a company that could see revenues swell towards $70 million as more Fortune 500 customers integrate its lithium-ion energy storage solutions for electrification across a range of industrial commercial applications.įlux CEO Ron Dutt joined Stock Day host Kevin Davis for an overview of the trends and issues behind a Company achieving 19 consecutive quarters of year-over-year growth providing cleaner energy solutions to power some of the largest fleets of material handling, airport ground support equipment, and stationary energy storage. May 31, 2023) - The Stock Day Podcast welcomed 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.Phoenix, Arizona-(Newsfile Corp. Flux Power’s LiFT Packs, including the proprietary battery management system (BMS), provide customers with a better performing, more environmentally friendly, and lower total cost alternative, in many instances, to traditional lead acid and propane-based solutions.įlux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. ![]() ( Flux Power designs, develops, manufactures, and sells advanced rechargeable lithium-ion energy storage solutions for lift trucks and other industrial equipment including airport ground support equipment (GSE), energy storage for solar applications, and industrial robotic applications. ![]() A recording of the conference call will be available on the Flux Power website.Ībout Flux Power Holdings, Inc. Please join approximately 10 minutes prior to the start of the call. Investors and analysts interested in joining the call are invited to dial (833) 428-8374 or (270) 240-0543 for international callers. Flux Power will host a conference call at 4:00 PM Eastern Time to discuss its financial results. (“ Flux Power”) (NASDAQ CM: FLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today announced that its financial results for FY2020 will be released before the market opens on Monday, September 28, 2020. VISTA, Calif.-( BUSINESS WIRE)-Flux Power Holdings, Inc.
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