Whether you need daily power for an RV, truck, or boat or a backup system for off-grid living and emergencies, this adventure leads to a more sustainable future.

Day 1. Dragonfly Energy: Pioneers in Sustainable Battery Technology

At Dragonfly Energy, we provide progressive sustainable energy solutions to drive sustainability, responsibility, and resilience. Our innovative, eco-friendly systems redefine industry standards and empower individuals and industries to embrace a cleaner, more independent energy future.

We’ve revolutionized the lithium battery manufacturing industry in North America. Our extensive intellectual property portfolio includes patented cell manufacturing processes, cutting-edge battery pack design, and comprehensive system integration. We consistently push the boundaries of what’s possible in sustainable energy solutions.

What’s more, an unwavering commitment to research and development enables us to shape the future of renewable, safe, and reliable energy storage systems. Our novel domestic dry electrode battery cell manufacturing technology offers a promising path to unlock new energy storage applications beyond traditional battery pack solutions.

We also prioritize performance and efficiency through automation and stringent quality control. Our Integrated Systems Approach seamlessly incorporates batteries with complementary components to deliver comprehensive energy storage units. Through our advanced engineering expertise, we customize solutions to the specific needs of leading original equipment manufacturers (OEMs) across various industries. This demonstrates our adaptability and technical proficiency.

Driven by a commitment to sustainability and innovation, we strive to contribute to a cleaner and greener global future.

Day 2. Battle Born: The Heart of Reliable Power Solutions

Battle Born is a leading advanced lithium-ion (LiFePO4) battery technology provider. Trusted for off-grid applications, our comprehensive product line powers a variety of industries, including:

• Recreational vehicles
• Off-grid residential
• Marine markets
• Heavy duty trucking
• Industrial solar integration

Since 2014, we’ve shifted from antiquated lead acid to cutting-edge sustainable energy solutions with lithium technology. To us, green energy is a core focus, not just a passing trend. Our team is dedicated to offering innovative, powerful, reliable, and accessible energy storage solutions that enable widespread renewable energy adoption.

To support our industry-leading lithium batteries, we have a team committed to delivering exceptional customer experience. Our technical sales specialists will answer any questions, from installation guidance to system recommendations. This ensures the best solution for your needs.

Day 3. LiFePO4 Batteries: Safety Meets Performance

While lithium-ion batteries are a massive step up from lead-acid chemistries, LiFePO4 (lithium iron phosphate) batteries take battery innovation to a whole new level. LiFePO4batteries are known for their superior safety, stability, and performance.

They can withstand extreme temperatures and remain stable in rough terrain, making them ideal for marine applications, trucking, RVs, and other remote or mobile applications.

Lithium-ion batteries don’t require any maintenance. They have a long lifespan, reduced charging time, and slow self-discharge rates. In addition, they can handle high discharge currents and multiple electrical devices at once.

Because LiFePO4 batteries operate 10 times longer than their lead-acid counterparts, they have a lower cost per kilowatt-hour. These batteries are perfect for 12-, 24-, or 48-volt deep cycle systems. The combination of high performance, long lifespan, efficiency, and sustainability makes LiFePO4 an attractive green energy storage technology.

Day 4. Non-Toxic Battery Packs: The Eco-Friendly Advantage

LiFePO4 batteries are significantly greener than other varieties. The materials used, such as iron phosphate and lithium, are far less toxic than the lead, acid, and heavy metals in lead-acid batteries. This makes LiFePO4 batteries much safer to handle and transport, reducing the risk of environmental contamination.

The lower toxicity also makes LiFePO4 batteries easier and safer to recycle at the end of their useful life. It minimizes the release of harmful chemicals into the environment. The valuable lithium, iron, and phosphate can be recovered and reused during the recycling processto produce new batteries. This circular economy approach helps lessen the environmental impact of battery production and disposal.

In contrast, lead-acid batteries contain highly toxic materials that can leach into soil and groundwater if disposed of improperly. The recycling process for lead-acid batteries is also more complex and energy-intensive. If not handled carefully, there’s a greater potential for environmental harm.

Overall, the non-toxic materials and a more efficient recycling process make LiFePO4 batteries far more sustainable than traditional lead-acid batteries. This reduced environmental impact is a key advantage. The demand for sustainable energy solutions and rechargeable batteries continues to grow for electric vehicles (EVs), renewable energy storage, and marine vessels.

Day 5. Advanced Dry Electrode Manufacturing: A Game Changer in Production

Dragonfly Energy’s dry electrode LiFePO4 manufacturing process offers numerous benefits for battery users and the environment. Unlike the traditional processes used for lithium batteries, the dry electrode process removes the need for toxic solvents and reduces energy consumption.

The dry process uses materials more efficiently, reducing waste, environmental impact, and the energy required for manufacturing. The technology also allows for more compact and energy-dense battery designs. This improved efficiency further enhances the sustainability of dry electrode LiFePO4 batteries.

In short, the dry electrode manufacturing process significantly lowers the environmental impact of LiFePO4 batteries across their entire lifecycle, from production to recycling.

Day 6. The Importance of Domestic Production in Battery Manufacturing

Dragonfly Energy is proudly American, founded and operating in Nevada, North America’s lithium capital. Domestic battery manufacturing is crucial to our vision for several key reasons.

First, it supports national energy security and independence. Relying on imported batteries leaves a country vulnerable to supply chain disruptions, geopolitical tensions, and potential shortages. But with robust domestic battery production, a nation can ensure a reliable, secure source of energy storage technology that powers everything from EVs to consumer electronics.

Domestic battery manufacturing also creates high-skilled, well-paying jobs in the clean energy sector. This boosts economic growth and helps transition workers into future industries. Battery production requires advanced technical expertise in chemistry, engineering, and advanced manufacturing—highly demanding and well-compensated skills.

Finally, domestic battery production supports the growth of complementary industries like renewable energy and electric vehicles. As these industries expand, a reliable domestic battery supply chain becomes even more critical to meeting demands and achieving sustainability goals.

In an era of global supply chain volatility and the urgent need to decarbonize our energy systems, the importance of domestic battery manufacturing cannot be overstated. It’s a strategic imperative for economic, energy, and national security.

Day 7. Smart Energy Storage Solutions for RVs and Marine Applications

As the demand for off-grid power and self-sufficiency continues to grow in the RV and marine industries, smart energy storage solutions have become essential. Dragonfly Energy and its Battle Born brand of batteries offer cutting-edge products that provide reliable, safe, and efficient power for recreational vehicles and boats.

Premium LiFePO4 sustainable energy solutions lie at the heart of our offerings. Compared to traditional lead-acid batteries, LiFePO4 batteries are significantly lighter. They also last longer, charge faster, and offer deeper discharges without degradation. This makes them the ideal choice for the power-hungry needs of RVs and boats. What’s more, integration with renewable energy sources, such as solar, enhances the sustainability and efficiency of your system.

We’ve developed a range of smart battery products and accessories equipped with our proprietary Dragonfly IntelLigence technology to optimize energy management to complement these high-performance batteries. Dragonfly IntelLigence technology lets you monitor your entire electrical system from a mobile app. This provides real-time data on battery levels, charge status, system health, and historical usage, so you can make informed decisions about your power consumption.

In the marine industry, boaters can enjoy peace of mind with a reliable, low-maintenance power source that can withstand the harsh environment on the water. Battle Born’s compact, modular design allows for easy installation, even in tight spaces. In addition, the advanced safety features provide protection against the unique challenges faced on the water.

By combining cutting-edge technology, uncompromising quality, and a deep understanding of the RV and marine sectors, we equip recreational enthusiasts to venture further and stay powered for longer.

Day 8. Off-Grid Living Made Easy

Battery energy storage is a critical component for powering off-grid living. Advanced battery technologies like the LiFePO4 systems that Dragonfly Energy offers are reliable, long-lasting energy storage to support the power needs of remote homes, cabins, and other off-grid applications.

LiFePO4 batteries provide several key advantages over traditional lead-acid batteries commonly used in off-grid systems. They’re lighter and more compact, taking up less space. The batteries can also be deeply discharged without damage to provide more usable energy capacity.

Most importantly, LiFePO4 batteries are safer than other chemistries, with a lower risk of thermal runaway and fire. This makes them well-suited for use in remote locations without 24/7 monitoring. However, with Dragonfly IntelLigence technology, you can monitor your entire electrical system remotely from a mobile app. It provides real-time data on system health, giving you peace of mind and the ability to optimize your off-grid power use planning.

When paired with renewable energy sources like solar panels, LiFePO4 battery banks can store excess energy generated during the day for use at night or during periods of low sunlight. This allows off-grid homes to maintain reliable, consistent power without relying on noisy, emissions-producing generators or being dependent on fuel accessibility.

Under the Battle Born brand, Dragonfly Energy offers an all-in-one, pre-configured, sustainable energy solutions. The pre-wired design of the lithium power pack series streamlines integration and minimizes complexity. You can even scale and customize the system for diverse application needs.

Off-grid homeowners can enjoy the freedom and independence of self-sufficient living by investing in high-quality, long-lasting battery storage. They can rest well knowing their power needs are met sustainably and reliably.

Day 9. Home Energy Storage Systems: Empowering Your Energy Independence

Home battery storage systems offer several key benefits for residential use. For one, they provide backup power during grid outages, ensuring critical appliances, lights, and devices stay operational even when the main power supply is disrupted. This is especially valuable during severe weather events or other emergencies leading to extended blackouts. A home battery system allows residents to maintain access to essential services and avoid the inconvenience and potential safety risks associated with power failures.

In addition to backup power, home battery storage systems enable homeowners to manage their energy usage and costs better. By storing excess energy generated from rooftop solar panels or other renewable sources, residents can draw on this stored power during peak demand periods when electricity rates are higher. This can lead to significant savings on monthly utility bills.

What’s more, some battery systems automatically discharge stored energy to the grid during high demand. Homeowners can then earn credits or revenue from their excess capacity.

Home battery storage also contributes to increased energy independence and sustainability. By reducing reliance on the main power grid, which often relies on fossil fuels, battery systems help lower a home’s carbon footprint and promote the adoption of clean, renewable energy sources. This aligns with growing consumer demand for eco-friendly, self-sufficient energy solutions.

In essence, the combination of backup power, cost savings, and environmental benefits makes home battery storage an increasingly attractive option for residential energy management.

Day 10. The Role of Battery Technology in Renewable Energy Integration

Integrating renewable energy sources, such as solar and wind power, is crucial for transitioning to a more sustainable energy future. But the intermittent nature of these renewable sources presents a significant challenge. This is where lithium battery technology plays a crucial role.

Battery storage systems can help overcome the inherent variability of renewable energy generation. By storing excess energy produced during periods of high output, batteries can release that energy when demand is high or when renewable sources aren’t generating sufficient power. This allows for a more consistent and reliable renewable electricity supply, reducing the need for fossil fuel-based backup power.

Moreover, advancements in battery technology, such as increased energy density, improved efficiency, and reduced costs, are making sustainable energy solutions more accessible and viable for many applications, from industrial and residential to transport and work vehicles. These systems provide backup power during grid outages and enable better energy consumption management. They allow businesses and individuals to maximize the benefits of their renewable energy investments.

In addition, integrating battery storage with renewable energy systems can helpbalance the grid. Specifically, it smooths out fluctuations in supply and demand and reduces the need for costly infrastructure upgrades. This can lead to a more resilient and efficient energy system better equipped to handle the growing reliance on renewable sources. Ultimately, it paves the way for a more sustainable energy future.

Day 11. Lightweight Lithium Batteries: Enhancing Mobility and Efficiency

LiFePO4 batteries are an increasingly attractive option for marine, transport, trucking, oil and gas industries, and recreational applications. One of the primary benefits of these batteries is their reduced weight—approximately one-fifth of lead-acid batteries for the same amount of usable power. This is particularly important in marine and transport applications, where weight savings can improve fuel efficiency, increase payload capacity, and enhance vehicle performance.

The lightweight nature of LiFePO4 batteries also makes them well-suited for use in oil and gas operations, where equipment and machinery must be easily maneuverable and transportable. Oil and gas operations depend on electronic systems for monitoring, control, and communication. Batteries and generators power essential backup systems, emergency lighting, and other critical equipment on platforms, drilling rigs and along pipeliens. The compact and lightweight design of LiFePO4 units makes them ideal for these applications.

Not to mention, the convenience of a lightweight, quiet, and easily portable power supply is perfect for camping, day trips, and safety-critical applications like emergency backup power systems.

Day 12. The Future of Electric Vehicles With Dragonfly Energy’s Lithium Batteries

Renewable battery technology and battery energy storage systems are crucial in enabling and enhancing the widespread adoption of electric vehicles. As the demand for eco-friendly transportation continues to grow, advancements in battery technology are addressing some of the key challenges associated with EV ownership.

One of the primary benefits of renewable battery technology in EV charging is integrating renewable energy sources, such as solar and wind power, into the charging infrastructure. By coupling EV charging stations with on-site battery storage and renewable energy generation, clean, sustainable electricity can power the charging process. That is, rather than the grid’s often fossil fuel–dependent power supply. This reduces the environmental impact of EV charging but also helps to alleviate the strain on the electrical grid during peak demand periods.

What’s more, battery energy storage systems can optimize the charging process, providing a buffer between the grid and the EV. When electricity demand is high, battery systems help to level out fluctuations in the grid and enable more efficient and cost-effective charging. This flexibility also allows EV owners to take advantage of time-of-use electricity rates, further reducing their vehicles’ operating costs.

As the EV market continues to grow, integrating renewable battery technology and energy storage will be crucial in creating a more sustainable and resilient charging infrastructure. This can ultimately support the widespread adoption of electric vehicles.

Day 13. Sustainability Initiatives in Underserved Communities

Energy poverty significantly impacts the health, education, economic opportunities, and overall quality of life in underserved, remote, and developing communities. While increasing energy access is crucial, it must be done environmentally sustainably.

Sustainable energy solutions like solar-powered systems and advanced battery technologies can help bridge this energy access gap. By providing reliable, clean, and affordable electricity, these solutions unlock many benefits that can transform lives and drive sustainable development.

Advanced battery technologies enable the integration of renewable energy and make energy storage solutions more accessible, even in off-grid locations. They’re designed to be scalable and durable, reducing maintenance needs in remote areas. These innovations are improving the quality of life across sectors like healthcare, education, and agriculture.

For instance, they provide reliable power for portable medical devices, communication systems, lighting, educational technology, online learning, and irrigation systems. In addition, stable power supplies boost economic activities, facilitate job creation, and support the growth of local industries.

With advanced battery technology and tailored sustainable energy solutions, Dragonfly Energy supports developing and integrating renewable energy microgrids and other off-grid setups. We’re committed to driving progress, responsibility, and sustainability. Our integrated approach combines batteries and ancillary systems for complete energy storage solutions. We actively collaborate with local and national initiatives, educational institutions, non-profit organizations, and veterans’ groups to drive positive change.

Day 14. Workforce Development: Investing in a Diverse Future

Dragonfly Energy’s commitment to building a diverse and inclusive team is reflected in our workforce. Racial and ethnic minorities account for 40% of our employees. The company is overseen by a diverse and experienced Board of Directors, ensuring adherence to the highest ethical standards. This promotes accountability, transparency, and responsible business conduct.

We actively invest in employee training and development programs to provide opportunities for growth and advancement. With a company promotion rate of over 25%, Dragonfly Energy demonstrates its dedication to creating equal opportunities for all employees, regardless of their background.

By prioritizing diversity and investing in our workforce, Dragonfly Energy aims to thrive in the clean energy transition and drive meaningful change in the industry.

Day 15. Customer Testimonials: Real Stories from Satisfied Users

With more than 300,000 LiFePO4 battery packs sold in the past four years, Dragonfly Energy has brought sustainable energy solutions to diverse industries.

The Lodge at Jackson Meadows is a 3,000-square-foot luxury off-grid property in the Sierra Nevada mountains. Dragonfly Energy and Battle Born Batteries equipped the premises with a robust off-grid power system, including nearly 30kW of solar and 207kWh of lithium batteries. This setup powers critical systems like water heating, radiant flooring, saunas, jacuzzis, well pumps, and advanced network and security infrastructure. The comprehensive system ensures reliable, full-time power for this remote, luxury, off-grid location.

Another satisfied customer who has become a passionate advocate of Dragonfly Energy’s lithium battery technology is long-haul truck driver Mark Raatz. Mark transitioned from working with a carrier to becoming an owner-operator. After purchasing his own heavy-duty truck, Mark discovered the inefficiencies of the sleeper cab’s operating system, which relied on lead-acid batteries. This forced him to constantly idle his truck (consuming excess fuel), incur high maintenance costs, and frequently replace the batteries.

Upon discovering lithium batteries, Mark knew they were the perfect solution for his long-haul truck. Mark can now continuously power the necessities in his sleeper cab without idling and wasting fuel. In addition, the batteries are compact and lighter and don’t require maintenance or frequent replacement. As one of the first in the trucking industry to upgrade to lithium batteries, Mark loves sharing his knowledge with other drivers and discussing the future of the long-haul trucking industry.

Day 16. Comparing Battery Technologies: Why Choose Lithium?

In the previous sections, we mentioned some remarkable benefits of lithium-ion battery technology. Here’s a comprehensive list of why LiFePO4 battery chemistry is significantly superior to lead acid:

1. They have a significantly longer lifespan with the capacity for more charge cycles.
2. LiFePO4 batteries charge up to five times faster.
3. At approximately one-fifth of the weight for the same amount of power, LiFePO4 batteries have a high energy density and take up much less space.
4. They have a 100% depth of discharge without causing damage.
5. These batteries are recyclable.
6. LiFePO4 batteries are more environmentally friendly since they don’t contain toxic heavy metals like lead or cadmium.
7. LiFePO4 batteries feature the safest and most stable lithium battery chemistry.
8. Dragonfly Enery’s Battle Born Batteries feature an automated internal battery management system.
9. They’re available with optional internal heating technology.
10. LiFePO4 batteries have a flat discharge curve, meaning they maintain a more consistent voltage throughoutuse. This results in more usable capacity than other battery types.

In addition, if you want to upgrade from lead-acid, you don't need to change your entire setup. Dragonfly LiFePO4 batteries offer an easy and instant drop-in replacement solution. Our batteries come with a 10-year warranty, giving you peace of mind that your investment is of superior quality.

Day 17. Sustainable Practices in Manufacturing

At Dragonfly Energy, our commitment to providing sustainable energy solutions is fulfilled in the products we provide and in how we manufacture them. We minimize our environmental impact by implementing the following sustainable manufacturing practices:

• Eliminating toxic solvents in cell manufacturing
• Prioritizing waste reduction
• Promoting recycling initiatives

Our Nevada-based lithium battery facility is the home of Dragonfly Energy research, manufacturing, and production. We employ skilled technicians, superior quality control, and in-house manufacturing processes to ensure responsiblemanufacturing processes. Additionally, we optimize automation to maximize efficiency.

Our dry electrode manufacturing process uses 25% less energy than conventional methods, reducing environmental impact during key production stages and reducing the overall cell production process's carbon footprint by 9%. What’s more, the process eliminates toxic solvent use, allowing us to produce PFAS-free electrodes.

Our LiFePO4 battery pack products are also non-toxic and designed for safety and sustainability. They feature cobalt-free materials, eliminating harmful emissions and providing exceptional cycle life​.

Day 18. The Importance of Recycling Lithium Batteries

Recycling lithium-ion batteries is crucial for sustainability and environmental protection. These batteries contain valuable metals like lithium and nickel that can be recovered and reused, reducing the need to mine virgin materials. This conserves natural resources and significantly reduces the energy required compared to extracting new materials.

Proper recycling also prevents the leaching of toxic substances into soil, water, and air when batteries are improperly discarded. This protects ecosystems and public health.

Many regions have implemented battery recycling programs to encourage responsible disposal and reclamation. These programs provide financial incentives for businesses, such as tax credits, cost savings on hazardous waste disposal, and revenue from selling recovered materials. They also help companies meet environmental regulations and enhance their sustainability credentials, boosting brand image and customer loyalty.

As the use of lithium-ion batteries continues to grow, especially in electric vehicles and renewable energy storage, recycling will become increasingly vital. Expanding recycling infrastructure and participation will be crucial to realizing the full environmental and economic benefits of this technology.

Day 19. Innovations on the Horizon: What’s Next for Dragonfly Energy?

Dragonfly Energy recently launched Dragonfly IntelLigence technology for the heavy-duty trucking industry. This smart battery technology enables fleets and truck drivers to access real-time monitoring of their battery systems via an app.

Dragonfly IntelLigence offers comprehensive visibility into your power system. It provides live data on individual batteries and the entire system. The technology uses a wireless mesh network and Bluetooth connectivity to monitor battery life, set custom alerts, and access usage history through the Battle Born mobile app. This gives you greater peace of mind and control over your power system.

The Dragonfly IntelLigence Hub can transmit battery data via external communication protocols like RV-C. This enables OEMs to integrate seamlessly with in-cab displays and fleet management systems.

Dragonfly IntelLigence technology is an optional upgrade to the Battle Born All-Electric APU, now available to fleets and OEMs. What’s more, public availability to owners and operators will be available before the new year.

We aim to continue helping fleets reduce costs and improve sustainability through innovative and efficient battery solutions. In addition, 2025 holds exciting prospects as we present sustainable solutions to the oil and gas sector, helping them meet sustainability targets and reduce their environmental impact.

Day 20. Dragonfly Energy FAQs: Your Questions Answered

Let’s look at some of the common questions we get about our products.

Why are LiFePO4 batteries more expensive than other types?

While the upfront costs of LiFePO4 batteries may seem higher than lead-acid batteries, they’re cheaper in the long run. If you consider the cost of the battery in relation to battery life, the higher price accounts for a significantly longer lifespan and more charge cycles.

It also includes other benefits such as higher energy density, improved safety, reduced maintenance, a built-in battery management system (BMS), and faster charge time. Finally, the batteries come with a 10-year warranty.

How should LiFePO4 batteries be stored?

Our batteries are designed for hassle-free storage. Disconnect the enable wire and ensure the battery is at least 50% charged. For long-term storage, it’s ideal to fully charge the battery before storing.

What is a battery management system?

A BMS is the brain inside your battery, protecting the lithium cells from damage. It does this in the following ways:

• It automatically shuts off the system if there’s a short to prevent unsafe operating conditions and thermal runaway.
• The BMS regulates power output.
• It keeps battery cells in balance, reducing maintenance on your part. The BMS automatically reduces the charging rate in topped-off cells, allowing the rest of the cells to catch up. This helps the pack maintain its quality and efficiency.

Day 21. How To Choose the Right Battery for Your Needs

Whether your energy storage system is for an RV, marine system, or off-grid living, you’ll want to select the best solution for your needs. Consider the following:

• How big is the battery? How much does it weigh, and what is its energy density?
• What is the battery’s charging time and discharging depth?
• Is the battery system suitable for the temperature range you’ll be using (especially extreme temperatures)?
• Can the system’s energy capacity meet your power needs for an extended period?
• Is the battery system compatible with your existing infrastructure (including renewable energy sources, backup generators, and power grids, if applicable)?
• How much maintenance does the system require?
• How often do batteries need to be replaced?
• Does the system provide instant backup power?
• Do the system technologies have a proven record of performance?
• Does the battery system come with a warranty?
• Does the system have extended features such as remote battery monitoring and an internal monitoring system?
• Is the system compliant with relevant regulations and manufacturing standards?
• Are the batteries recyclable?

Day 22. The Environmental Impact of Choosing Sustainable Products

Advanced battery technologies enable the wider adoption of renewable energy sources and transform a diverse range of industries. One of the most impactful areas is the electrification of transportation.

Lithium-ion batteries are helping drastically reduce greenhouse gas emissions and air pollution in the transportation sector by powering EVs. This is a major contributor to climate change and urban smog. The superior energy density and performance of these batteries also make them ideal for powering electric aircraft, marine vessels, and other modes of transportation.

Beyond transportation, lithium batteries are crucial in integrating renewable energy into the power grid. Their ability to efficiently store energy from solar, wind, and other clean sources enables a more reliable and sustainable electricity supply, reducing reliance on fossil fuels. This is particularly important for remote or off-grid applications, where lithium-based batteries can provide a clean, resilient, cost-effective energy solution.

What’s more, these battery technologies' long lifespan and reliabilitymean less waste and resource consumption over time. By contrast, lead-acid batteries have a much shorter lifespan and are more difficult to recycle, leading to greater environmental strain.

Day 23. Year-End Review: Celebrating Our Achievements in Sustainability

Dragonfly Energy remains steadfast in advancing lithium-ion battery innovation despite challenging economic conditions. We’ve ended the year proudly with great achievements behind us, including a pilot demonstration of methane reduction power solutions for the oil and gas industry. With 2024’s strategic expansion into the oil and gas industry and heavy-duty trucking, our resilience and vision continue to expand.

Our Dragonfly IntelLigence technology continues to develop across sectors, solidifying our reputation as sustainable energy solutions innovators and industry leaders. Also, Dragonfly Energy’s Battle Born Batteries have recently been made available through Keystone Automotive Operations. The company is a leading distributor in the RV, automotive, and marine sectors. We continue to diversify and strengthen partnerships for a better energy future.

Day 24. Join Us on Our Journey Toward a Cleaner Future!

As we reach the end of our Dragonfly Energy Advent Calendar, we hope you’ve been inspired by the innovative, sustainable energy solutions we’ve explored over the past 24 days. From pioneering battery technologies and eco-friendly manufacturing processes to empowering off-grid living and renewable energy integration, we’re committed to powering a greener, more resilient future.

By choosing Dragonfly Energy and Battle Born Batteries, you’re not just investing in reliable, high-performance power—you’re becoming a part of the solution. Our products enable the widespread adoption of renewable energy, reduce environmental impact, and support the transition to a more sustainable world.

We invite you to continue this journey with us. Explore our full range of lithium-ion and LiFePO4 battery systems, designed to meet the diverse energy needs of industries, communities, and individuals. Connect with our team to find the perfect sustainable energy solutions for your application, whether it’s powering your RV, boat, off-grid home, or commercial operations.

Together, we can make a meaningful difference in the fight against climate change and create a cleaner, more resilient future for generations to come. Join us in this mission and be a part of the Dragonfly Energy movement toward a sustainable tomorrow.

The post 24 Days of Sustainable Energy Solutions appeared first on Dragonfly Energy.

After extensive testing and trials, Stevens Transport has committed to transitioning its entire fleet of 2,500 trucks to Dragonfly Energy’s lithium power solutions. Implementation will begin with equipping 100 trucks with the Battle Born All-Electric APUs in the first quarter of 2025, continuing through entire fleet completion. This commitment solidifies Dragonfly Energy as a key technology partner in the advancement of Stevens Transport’s fleet and furthering their commitment to reducing carbon emissions, enhancing fuel efficiency, and leading the logistics industry in practical, scalable green initiatives.

While many companies in the transportation industry remain focused on the full electrification of fleets, Stevens Transport and Dragonfly Energy are championing a more immediate and attainable approach: hybrid electrification. This strategy combines a combustion engine alongside lithium iron phosphate (LiFePO4) batteries, providing a cost-effective, sustainable solution that enhances fleet performance and decreases operational costs.

“Stevens Transport’s decision to partner with Dragonfly Energy underscores their recognition that hybrid electrification is the practical next step in fleet sustainability,” said Wade Seaburg, chief revenue officer for Dragonfly Energy. “Our All-Electric APU system is designed to deliver real-world benefits, combining reduced emissions with cost efficiencies and enhanced driver comfort. We’re proud to support Stevens Transport as they lead the charge toward a more sustainable future.”

By integrating Dragonfly Energy’s Battle Born All-Electric APU system into its operations, Stevens Transport is reaffirming its position as a forward-thinking leader in the logistics sector. As more companies recognize the benefits of hybridization, this partnership sets a compelling precedent for sustainable innovation in trucking.

“At Stevens Transport, we’re committed to integrating innovative, high-performance technologies into our operations,” said Clay Aaron, president of Stevens Transport. “Dragonfly Energy’s advanced battery solutions made them the clear choice for this partnership. The results from our testing and pilot phase exceeded our expectations in both performance and reliability. This initiative sets a new standard in not only enhancing our operational efficiency but in redefining the future of transportation.”

For more information about Dragonfly Energy and its innovative energy solutions, please visit DragonflyEnergy.com. For more information on Stevens Transport visit StevensTransport.com.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit www.investors.dragonflyenergy.com.

About Stevens Transport, Inc.

Stevens Transport, Inc. is a premier transportation and logistics company based in Dallas, Texas. With over 40 years of experience, the company has earned a reputation for delivering innovative, reliable, and personalized solutions to its clients in the transportation industry. Stevens Transport specializes in temperature-controlled commodities offering a comprehensive range of services that include truckload, intermodal, dedicated, 3PL, and logistics solutions. To learn more about Stevens Transport, visit www.stevenstransport.com.

Forward-Looking Statements

This 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 Stevens Transport, Inc. 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, 2023, 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.

The post Dragonfly Energy Partners with Stevens Transport, Inc. to Transition Entire Fleet to Hybrid Battery Solutions appeared first on Dragonfly Energy.

Whether running a small fishing vessel or a luxurious yacht, your marine electrical system (MES) is the foundation that keeps everything operational. In this guide, we look at strategies to maximize the efficiency and performance of your boat’s electrical infrastructure. We also explore smart solutions for improved safety and remarkable reliability.

Understanding Marine Electrical Systems

To harness the power needed to keep your vessel running optimally, it’s crucial to have a solid understanding of key electric components and how they work together.

Components of a Marine Electrical System

Most marine electrical systems include the following parts:

Power Source

The power source can include solar panels, wind generators, carbon fuel generators, or a combination.

For instance, solar energy is becoming more popular thanks to its efficiency as a practical, environmentally friendly, noise-free, zero-emission power source for marine electrical systems. Small wind generators are especially useful with sailboats that frequent windy conditions, but they can be a little noisy. These energy sources can store excess energy in battery systems, making them cost-effective over the long run.

Carbon fuel generators use gas, propane, or diesel to generate electricity. This enables you to charge devices and batteries as with shore power. Power sources are all rated by the watts they produce. Knowing the power consumption of your electronics and the energy capacity of your batteries will help you optimize your boat’s electrical system.

Batteries (House and Engine)

Marine electrical systems rely on two types of batteries: house batteries (deep-cycle batteries) and engine batteries. House batteries store power for onboard systems such as lights, electronics, and appliances. Engine batteries start the boat’s motor.

Lithium batteries are superior as deep-cycle batteries because they’re lighter and more energy-dense than lead-acid. They can be charged and recharged repeatedly without suffering damage and don’t require maintenance.

Inverters and Chargers

Alternating current (AC) power is the type of electric power you have in your home. Inverters convert the boat’s stored direct current (DC) power into standard AC power so you can run AC appliances and electronics.

Chargers convert power from the power source, generator, or shore supply into DC power to store energy and recharge batteries.

DC Power System

Unlike a generator, solar panels create DC electricity where electrons only flow one way. DC electricity is housed in your batteries and can only be used by devices (12V or 24V) that run off DC without an inverter. In most cases, you’ll need an inverter to convert it into AC electricity. A DC power system includes wiring, circuit breakers, and distribution panels to manage and protect the DC circuits.

AC Power System

The AC power system steps up the voltage to standard 120V or 240V AC for higher-power needs. This allows you to run larger appliances, tools, and shore power hookups. The AC system has its own wiring, circuit breakers, and distribution panels.

Marine electrical systems and their efficiency vary depending on the size of the vessel. Smaller boats may operate on a 12V DC power system and use one or two house batteries. These boats don’t require an AC electrical system. In contrast, larger boats like yachts and catamarans usually have a DC power system and a separate house electrical system that runs on AC power. Adding an AC system provides more electrical capacity to power various onboard systems and amenities.

How Marine Electrical Systems Work

These components work harmoniously to provide reliable, versatile electrical power on the water. The generator or solar panels generate the electricity, the batteries store it for later use, and the inverters, chargers, and distribution systems manage the power flow throughout the boat.

These components' proper maintenance, sizing, and integration are crucial for safe and dependable operation. Together, they boost the efficiency of your marine electrical system.

Benefits of Efficient Power Management

There are many strategies to improve energy management and marine efficiency. One option is energy-efficient practices, such as LED lighting, lithium batteries, and minimizing power draw. The payoff can be significant when combined with renewable energy sources and periodic electric maintenance.

Efficient Systems Save Capital

Lithium-ion batteries and sustainable energy generation may require an initial investment, but they can save a lot in the long run. Lithium batteries hold more energy than lead-acid in a smaller, lighter package. They’re approximately one-fifth the weight for the same amount of usable power.

Lithium-ion batteries offer 2–3 times more power in the same space as lead-acid marine batteries. They also last 10-15 years, significantly longer than lead-acid units’ 1–3-year lifespan. What’s more, they charge up to five times faster, improving efficiency and convenience. All this means:

• Fewer batteries because you benefit from more power and faster charging
• Lower fuel requirements and costs due to a lighter vessel
• Less frequent battery replacement

Plus, when it comes to using solar or wind energy, fuel (sun or wind) is free and doesn’t require the additional weight of carrying fuel on your vessel.

How an Efficient System Protects the Environment

Electric and hybrid-electric vessels dramatically reduce harmful emissions compared to traditional diesel-powered boats, cutting greenhouse gas output and improving local air quality. Renewable energy sources like solar panels further minimize the carbon footprint of your time on the water.

Beyond emissions, efficient power management also reduces overall energy consumption, preserving natural resources. This investment in efficiency helps protect sensitive marine ecosystems and contributes to the long-term health of our waterways.

An Efficient System Is a Safe System

Maintaining marine efficiency is essential for the safety of you, your crew, and your vessel. Faulty wiring, overloaded circuits, and malfunctioning components can pose serious fire and shock hazards.

An efficient system, on the other hand, minimizes these risks through redundancies, circuit protection, and careful load management. Proactive inspections and prompt attention to problems can significantly extend the overall lifespan of your boat’s electrical system. This saves you from costly, premature replacements down the line.

Utilizing Dragonfly IntelLigence™ Technology for Optimization

Dragonfly IntelLigence is an advanced technology that takes marine efficiency to a whole new level. It integrates with individual LiFePO4 batteries, battery packs, and lithium power system accessories. Dragonfly IntelLigence™ monitors voltage, current load, battery health, temperature, system balance, and more so you can see the status of your power system.

The patented battery communication technology allows you to remotely monitor your system via a mobile app. You can receive notifications and problem warnings, access safety tools, track performance, and balance and auto-configure your power system.

Unlocking Marine Efficiency for Your Vessel

At Dragonfly Energy, we build high-performance LiFePO4 marine batteries designed to last longer and perform better. These batteries are drop-in replacements for common lead-acid sizes so it’s easy to switch from inefficient lead-acid units to reliable lithium deep-cycle ones. Our marine battery systems have been extensively tested with leading suppliers to ensure compatibility and optimal performance.

What’s more, Dragonfly IntelLigence™ technology enables you to monitor your system remotely to ensure effective protection and marine efficiency. Reach out today to learn how we can help you build a reliable, powerful, and sustainable system tailored to your needs.

The post Marine Efficiency: How To Optimize Your Marine Electrical System appeared first on Dragonfly Energy.

This article explores essential boating safety tips to keep your vessel’s power sources functioning optimally. From common electrical hazards to best practices for battery care, you’ll learn how to mitigate risks and maintain the integrity of your marine power systems.

At Dragonfly Energy, making the safest batteries is our top priority. By prioritizing safety and proactive maintenance, you can enjoy worry-free time on the water and confidently power your adventures.

Understanding Marine Electrical Safety

Electrical systems on boats are often complex, with multiple power sources, batteries, and high-voltage equipment that require specialized handling. In addition to the wet and corrosive environment, improper wiring, grounding, or maintenance can further lead to galvanic corrosion.

Short circuits, shocks, fires, and electrical failures on a boat can quickly become life-threatening, as there are limited options for evacuation or calling for help. Understanding marine electrical safety best practices, such as proper wiring techniques, circuit protection, and maintenance procedures, will help your team identify and mitigate these risks.

Common Electrical Hazards on Vessels

While these hazards may seem obvious, it’s not uncommon for boaters to overload circuits, neglect wiring maintenance, and downplay the dangers of water near electrical components. This can compromise your marine safety quickly, sometimes with little warning.

Overloading Circuits

Adding new devices and accessories to electrical circuits without considering the total power draw can overload wires and circuit breakers. This increases the risk of shorts, sparks, and even fires. It’s important to calculate the total amperage that all the electrical components on your vessel require and size the wiring and breakers appropriately.

For instance, avoid daisy-chaining power strips or plugging too many devices into a single outlet. Also, be mindful of the age and condition of your boat’s electrical system. Older wiring may not be able to handle the power demands of modern electronics.

Water and Electrical Components Do Not Mix

Saltwater is an excellent conductor. Even a small spill that encounters an electrical system can quickly create short circuits, shocks, and corrosion. All electrical components, wiring, and connections must be properly sealed and waterproofed to prevent water intrusion. In addition, use only marine-grade, water-resistant equipment, and avoid routing wires through areas that may get wet. Unplug electrical appliances if they aren’t in use.

If water does enter the electrical system, immediately shut off power, then thoroughly dry and inspect all affected components before restoring operations. Make sure your hands are dry when in contact with plugs and electrical wires. What’s more, maintain a vigilant eye for leaks, condensation, and other sources of moisture to avoid potentially catastrophic electrical failures on the water.

Poorly Maintained or Old Wiring

Over time, the marine environment can take a significant toll on a boat’s electrical wiring and components, compromising your safety. Exposure to saltwater, UV radiation, vibration, and temperature extremes can cause insulation to crack, connections to corrode, and wires to become frayed or damaged.

Be aware of the following warning signs that your electrical system needs attention:

• Outlets, switches, or electrical panels that feel hot to the touch
• Malfunctioning electrical outlets
• Flickering or dimming lights when major appliances are in use
• Frequent circuit breaker trips and fuse blowouts
• A smell of burning, which can indicate that wire insulation is melting

Proper maintenance and timely upgrades can help ensure your boat’s electrical system remains safe and reliable for years.

Basic Marine Safety Precautions

Responsible marine ownership and operation requires a proactive approach to your boat’s power systems upkeep. Regularly inspect your boat’s electrical system to maintain safety, reliability, performance, and longevity.

Why Regular Inspections Are Important

As electrical components age and degrade, their efficiency and performance can diminish. But proactive inspections and timely repairs or replacements help keep your boat’s electrical system operating at peak performance.

What’s more, regular check-ups and prompt attention to problems can significantly extend the overall lifespan of your boat’s electrical system. This can save you from costly, premature replacements down the line.

Proper Installation by a Professional

Besides ensuring the safety and reliability of your electrical system, proper installation by a qualified marine electrician is essential for compliance and longevity. While some people attempt their own installations to save costs, investing in professional installation can pay dividends in the long run. Expect improved performance, reduced maintenance, and higher resale value.

A professional installer understands the necessary safety protocols and uses the appropriate marine-grade components to mitigate risks. They’re trained to route wiring properly, secure connections, and ensure adequate circuit protection.

Most jurisdictions have specific regulations and standards for marine electrical system installation. A professional installer is familiar with these requirements and can ensure the system meets all necessary codes and guidelines. This helps avoid potential fines or safety issues down the line.

In addition, a well-documented, professionally installed marine electrical system can significantly enhance the resale value of a boat. Buyers are often willing to pay more for a vessel with a proven track record of reliable electrical performance.

Using Proper Materials for Marine Applications

Because electrical systems on boats and other marine vessels operate in a harsh, wet environment, it’s essential to use suitable materials to ensure marine safety. After all, the lifespan of your electrical components is directly tied to the materials used. Durable, marine-specific components can extend the useful life of your electrical systems, saving you time and money in the long run.

When choosing materials for your marine electrical systems, consider the following:

• Corrosion resistance: Look for materials that can withstand the corrosive effects of saltwater and other marine environments.
• Waterproofing: All electrical connections, enclosures, and components should be waterproof to prevent short circuits and damage. For example, heat shrink tubing can offer an effective extra layer of protection for electrical connections. Simply apply the tubing over the connection, then use a heat gun to shrink it around the connection. This creates a waterproof and secure seal.
• Vibration resistance: Choose materials and components that can withstand the constant vibrations and movement experienced on a boat or other marine vessel.
• Temperature tolerance: Marine environments can experience a wide range of temperatures, so select materials that can perform well in both hot and cold conditions.

High-quality marine electrical wire is specifically designed to resist corrosion, moisture, and extreme temperatures.

Key Safety Tips for Marine Electrical Systems

We’ve already covered a number of marine safety considerations, but there are still a few critical aspects to consider, especially when using multiple power sources. Marine batteries have come a long way: newer lithium-ion models offer improved safety and performance compared to older lead-acid models.

Battery Safety

When it comes to battery care, lead-acid batteries are more prone to wear and degradation and need extra careful monitoring. For instance, discharging lead acid batteries below 50% of their rated capacity increases sulfation. This can damage your battery and decrease battery life. By contrast, Dragonfly Energy’s Battle Born Lithium Batteries achieve 100% depth of discharge (DoD) without affecting the battery.

In addition, lead-acid battery systems need good ventilation because they heat up during operation. Battle Born Lithium Batteries don’t have specific location and orientation requirements, making them a safer option.

Battery Safety Best Practices

The following best practices will boost your marine batteries’ safety so they function optimally:

• Keep the terminals and connections on the battery clean and corrosion-free. Regularly inspect for any signs of buildup or damage and address them promptly.
• Use a marine-grade charger designed for the specific type of battery you have. While lead-acid chargers can provide power to lithium batteries, they don’t charge them optimally.
• Don’t overcharge batteries. This can cause leakage. Always follow the manufacturer’s recommended charging guidelines.
• Store the battery in a cool, well-ventilated area with low humidity and out of direct sunlight. Extreme temperatures, whether hot or cold, will negatively impact the lifespan and performance of your battery.
• Choose lithium batteries with a battery management system (BMS) that includes low-voltage disconnect protection.
• If you anticipate temperatures dropping below -15°F, remove batteries and store them in a warmer environment.
• Lithium batteries will experience a small amount of energy depletion when left unused for long periods. Before storing, it’s best to fully charge the battery.
• During storage, disconnect the battery from any power source, such as radios, clocks, or other devices that may draw a small amount of power. Also, remove the negative lead from the battery bank.
• Use the correct type of battery for your device. Incompatible batteries can cause leakage.

Wiring and Connections

Wiring and connection issues can easily go unnoticed. The following safety practices can help you avoid hazards and costly catastrophes.

• Use only marine-grade wiring and connectors. Avoid using household or automotive wiring, as it may not be sufficiently waterproof or corrosion-resistant.
• Regularly check all wiring and connections for signs of damage, wear, or corrosion. Look for frayed insulation, loose connections, or any evidence of moisture intrusion.
• Ensure all power connections are firmly secure and protected from the elements.
• Properly ground all electrical components to prevent stray currents and potential shocks or fires. Consult a qualified marine electrician to ensure proper grounding.
• Avoid running wires through areas prone to water exposure, such as bilges or areas where water may accumulate.
• Consider installing circuit breakers or fuses to protect against short circuits and overloads, which can lead to fires or other hazards.
• Regularly clean and maintain all electrical components, including terminals, connections, and battery banks, to prevent corrosion and ensure optimal performance.
• Label the electrical wires. This can be a lifesaver during future maintenance or troubleshooting. Clear and consistent labeling will help you identify individual circuits and components, saving a lot of time and frustration.

Monitoring and Maintenance

Regular maintenance and monitoring can prevent costly repairs and potential disasters on the water. It’s a small investment that pays off in the long term. Besides the checks already mentioned, a thorough electrical system inspection should also include these key elements:

• Ensure connection integrity by checking that all terminals, splices, and other connections are secure and properly installed.
• Test your batteries’ charge levels, voltage, and overall health to be sure they function properly.
• Test the bilge pump’s operation to confirm it works as intended and that the electrical connections are sound.
• Check all switches, circuit breakers, and other electrical control devices to ensure they operate correctly and provide the necessary protection for the system.

Dragonfly Energy’s Marine Safety Solutions

At Dragonfly Energy, safety, quality, and groundbreaking technology are at the forefront of our marine battery solutions.

We take pride in the quality and safety of our battery packs and design and assemble them in compliance with the highest industry safety standards. This involves:

1. Rigorous testing procedures
2. Third-party certifications and compliance with ABYC Standards
3. Advanced quality control

We chose lithium iron phosphate (LiFePO4) for our battery packs because of its noteworthy safety features. LiFePO4 offers exceptional thermal stability and is highly resistant to thermal runaway, so it’s stable and safe. It also has an unmatched cycle life, making it ideal for deep cycle applications that require reliable, long-lasting performance.

Our lithium-ion batteries offer an extended lifespan with no maintenance required. They release power gradually, which reduces the need for frequent recharging. What’s more, they’re leak-proof, recyclable, and don’t emit any fumes.

Safety Made Possible Through Technology

Dragonfly IntelLigence is an advanced technology that monitors voltage, current load, battery health, temperature, system balance, and more so you can clearly see your power system’s status. This communication technology integrates with individual LiFePO4 batteries, battery packs, and lithium power system accessories to enable accurate remote monitoring, notifications, performance, and safety tools.

Our patented technology effectively detects and warns you of any problems to ensure high-level protection and optimization.

World-Class Customer Support

In addition to a 10-year warranty, Dragonfly Energy’s LiFePO4 batteries are backed by dedicated technical support. Our experts can help you choose the most suitable battery for your marine requirements, provide installation guidance, and assist with any other questions.

Optimizing Marine Safety for Endless Adventures

Maintaining efficient batteries is crucial for a hassle-free experience on the water. With proper installation, safety practices, maintenance, and storage, you can extend the life and performance of your power sources.

Dragonfly Energy’s LiFePO4 technology provides unmatched efficiency, energy density, safety, and longevity, so they’re a wise investment for marine applications. With our team’s guidance, you can maximize your vessel’s power system for endless adventures. Let’s connect.

The post Marine Safety: Ensuring Reliable Power Onboard Your Vessel appeared first on Dragonfly Energy.

The new Battle Born smart batteries feature Dragonfly IntelLigence®, the Company’s patent-pending technology that delivers comprehensive battery communication and monitoring capabilities. This innovation allows users to track individual battery and full battery bank performance in real-time. Through the Battle Born Mobile App, users can receive critical alerts, access detailed performance data, and review historical reports to optimize system performance. This advanced visibility enhances system configuration, streamlines troubleshooting, and ensures compliance with industry standards, including the ABYC E-13 Standards for Lithium Power Systems on Marine Vessels.

Consumers can take advantage of the limited-time introductory pricing and Black Friday discounts by visiting BattleBornBatteries.com.

For more information about Dragonfly Energy and its innovative energy solutions, please visit DragonflyEnergy.com.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit www.investors.dragonflyenergy.com.

Forward-Looking Statements

This 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 Battle Born Batteries with Dragonfly IntelLigence, 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, 2023, 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 

Caldwell Bailey, ICR, Inc.
DragonflyIR@icrinc.com

Media Relations
Amy Demuth, RAD Strategies Inc.
dragonfly@radstrategiesinc.com

 Source: Dragonfly Energy Holdings Corp.

The post Battle Born® Releases New Smart Lithium Batteries to Kick Off Black Friday Sales Event appeared first on Dragonfly Energy.

Lithium-based batteries are a versatile and eco-friendly power source, with applications ranging from electric vehicles (EVs) to grid-scale energy storage. This technology enables oil and gas companies to improve the efficiency and reliability of their equipment. Even better, they can significantly reduce greenhouse gas emissions and energy consumption. This shift can help the industry address growing public concerns about its environmental impact.

This article discusses how the oil and gas sector can use lithium technology to enhance its sustainability efforts. Let’s explore how this innovative technology can be a game-changer for the industry.

How Lithium-ion Batteries Power Efficiency in the Oil and Gas Industry

Lithium batteries have become more widely used in the oil and gas industry due to their distinct advantages over traditional battery technologies. The growing demand also drives this increased adoption to lessen the release of methane.

Uses of Lithium Technology in the Oil and Gas Industry

Lithium technology features high energy density, long run times, and resistance to deep underground pressure. It can power various oil and gas operations, such as:

• Critical backup systems for monitoring, control, communication, and other essential equipment on offshore platforms and drilling rigs
• Remote sensors and telemetry systems along oil and gas pipelines
• Downhole equipment such as logging tools, measurement-while-drilling (MWD) systems, and other electronic components
• Renewable energy storage systems for a reliable and consistent power supply—even during periods of intermittent renewable power generation
• Portable and mobile equipment such as small-scale generators, handheld devices, and remote monitoring units
• Backup power systems to improve operational reliability and reduce the emissions and costs of traditional generators

Advantages of Lithium-Ion Batteries vs. Traditional Options

Lithium batteries offer significant advantages over traditional battery technologies for oil and gas operations. They have a higher energy density than traditional lead-acid or nickel-cadmium batteries, which allows for compact, lightweight power storage. This is ideal in remote or hard-to-access locations where weight and size are important factors.

Lithium-ion batteries also have a longer lifespan. They typically last two to three times longer than lead-acid or nickel-cadmium alternatives before needing replacement, lowering maintenance costs and downtime.

Moreover, you don’t need to equalize or regularly discharge lithium-ion batteries to retain their performance. They can charge and discharge at high rates for fast charging and bursts of power. In contrast, lead-acid batteries require slower, multi-stage charging and perform poorly during high-discharge periods. They’re also more affected by temperature fluctuations and energy depletion.

Lithium batteries are unparalleled in efficiency and resilience, especially under high-stress conditions and temperature fluctuations. This makes them a more versatile and reliable power source than their lead-acid counterparts.

In addition, lithium technology features superior cold-weather performance and the ability to integrate renewable energy sources. Its efficiency, backup power capabilities, and grid stabilization features are a boon to the oil and gas sector.

Safety Considerations for Lithium Technology in Harsh Environments

Safety is critical in the oil and gas industry. Lithium batteries excel in this area, boasting built-in features to prevent overcharging, overheating, and short circuits.

LiFePO4 batteries are generally considered safer than other battery chemistries, including lead-acid and regular lithium-ion. They have a more stable chemical structure that’s less reactive, so they offer a lower risk of thermal runaway. This also makes them less likely to experience issues like overheating and short circuits that can lead to safety problems.

All Dragonfly Energy LifePO4 batteries have an internal battery management system. This system monitors conditions and shuts down the battery if it detects unsafe conditions. Because the batteries are sealed, they remain well protected from moisture, which is especially advantageous in offshore applications. LiFePO4 batteries also have a longer cycle life than other lithium-ion batteries and can handle more charge cycles.

Going Green: The Environmental Advantages of Lithium Technology

Lithium technology offers significant environmental advantages in the oil and gas sector. A primary concern with lead-acid batteries is the toxic materials they contain. Lead and sulfuric acid are hazardous substances that can contaminate soil and water if improperly handled and recycled. The improper disposal of lead-acid batteries is a major source of environmental pollution and damage.

In contrast, lithium-ion batteries don’t contain lead or other heavy metals, which reduces the risk of toxic leaks or emissions. Lithium-ion batteries also have a much longer lifespan than lead-acid. This extended usable life results in less battery waste and disposal over time.

Lithium batteries also serve as sustainable energy storage solutions. They play a key role in integrating and storing renewable energy sources, such as solar and wind power, within the oil and gas sector. Because these power sources produce zero direct emissions, oil and gas operators can lower their carbon footprint using renewable energy instead of fuel-powered generators.

Making the Transition: Integrating Lithium-ion in the Oil Industry

The following core best practices should form the groundwork for oil and gas companies starting the transition to lithium technology:

1. Assess your current operations. This may involve evaluating potential applications, energy storage needs, and charging infrastructure across business operations.
2. Develop a phased implementation plan. Roll out the new technology in stages to manage costs and allow for continuous improvement of the strategy.
3. Invest in education and training for your workforce. Offering training programs and opportunities for upskilling will be crucial during this transitional period, from installation and maintenance to safety protocols.
4. Monitor and continually optimize. Regularly track solar energy generation, emissions reductions, and other key performance indicators (KPIs) to show the initiative’s success. Make adjustments to maximize efficiency and output over time.

Overall, a successful transition will require a multifaceted approach focused on technology, workforce development, and long-term strategic planning. A partner like Dragonfly Energy can help you choose the best system for this.

Find the Right Lithium Battery Partner

The demand for lithium battery technology will rise significantly in the next few years. The advantages for the oil and gas industry are clear: higher energy density, longer lifespan, improved safety, reduced maintenance, and enhanced versatility. More importantly, lithium technology also helps the sector lower its carbon footprint.

Dragonfly Energy is innovating and advancing the future of battery technology through our patented manufacturing processes and forthcoming non-flammable solid-state battery cells. We’re a leading lithium battery technology company specializing in cell manufacturing, battery pack assembly, and full system integration.

With our C1D2-certified solutions and a strong focus on research and development, we provide safe and reliable energy storage systems tailored for the hazardous environments of the oil and gas industry. Reach out today to learn more.

The post How Lithium Technology Supports Sustainability for the Oil and Gas Sector appeared first on Dragonfly Energy.

Key Highlights from the 2023/2024 ESG Report:

• Sustainable Battery Cell Manufacturing: Dragonfly Energy’s innovative dry electrode manufacturing process significantly reduces environmental impacts, achieving 71% lower energy consumption during key production stages compared to conventional methods​ and a 9% decrease in carbon footprint during cell production​. Additionally, the process eliminates the use of toxic solvents and has successfully demonstrated the ability to produce PFAS-free electrodes.
• Non-Toxic Battery Pack Products: The Company’s lithium iron phosphate (“LiFePO4”) battery packs are designed for safety and sustainability, featuring non-toxic, cobalt-free materials that eliminate harmful emissions and offer exceptional cycle life​.
• Workforce Development and Diversity: The Company is committed to creating a diverse and inclusive workplace, with racial and ethnic minorities accounting for forty percent (40%) of the workforce. The Company actively invests in employee training and development and promoting equal opportunities for all with a promotion rate of more than twenty-five percent (25%) within the company.
• Community Engagement: Dragonfly Energy actively supports numerous local and national initiatives, partnering with educational institutions, non-profit organizations, and veterans’ groups to make a positive impact.
• Ethical Business Practices: With the oversight of a diverse and experienced Board of Directors, the company adheres to the highest ethical standards, ensuring transparency, accountability, and responsible business conduct.

“At Dragonfly Energy, we’re driven by the mission to revolutionize smart energy storage and empower the transition to a clean energy future,” Dr. Denis Phares, Chief Executive Officer of Dragonfly Energy, said.​ “Our commitment goes beyond innovation in lithium-ion battery technology; we prioritize safety, sustainability, and ethical manufacturing practices that minimize environmental impact. By combining our dedication to domestic production with rigorous standards for environmental stewardship and safety, we aim to create a meaningful and positive impact on both the economy and the environment, aligned with our core values of responsibility and integrity.”

To learn more about Dragonfly Energy’s commitment to sustainability and to access the full 2023/2024 ESG report, please visit investors.dragonflyenergy.com.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries^® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit investors.dragonflyenergy.com.

Forward-Looking Statements
This 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 2023/2024 ESG report, 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, 2023, 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
Caldwell Bailey
ICR, Inc.
DragonflyIR@icrinc.com

Media Relations
Amy Demuth, RAD Strategies Inc.
dragonfly@radstrategiesinc.com

Source: Dragonfly Energy Holdings Corp.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/21fd149e-6b95-4867-856f-bd8878b76f0e

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As a result of the reverse stock split, every nine pre-split shares of common stock outstanding will become one share of common stock. The par value of Dragonfly Energy’s common stock will remain unchanged at $0.0001 per share after the reverse stock split. The reverse stock split will not change the authorized number of shares of Dragonfly Energy’s common stock. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder’s percentage interest in Dragonfly Energy’s equity, except to the extent that the reverse stock split results in some stockholders owning a fractional share. No fractional shares will be issued in connection with the reverse stock split. Instead, in lieu of any fractional shares to which a stockholder of record would otherwise be entitled as a result of the reverse stock split, the Company will issue to such stockholder such additional fraction of a share as is necessary to increase such resulting fractional share to a full share of common stock. The reverse stock split will also apply to common stock issuable upon the exercise of the Company’s outstanding warrants and stock options, with a proportionate adjustment to the exercise prices thereof, and under Dragonfly Energy’s equity incentive plans.

The reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 63.2 million to approximately 7.0 million.

The Company’s stockholders approved the reverse stock split by a majority of the votes cast at the Company’s Annual Meeting of Stockholders held on November 12, 2024, to be effected in the discretion of the Company’s board of directors (the “Board”) at a ratio of not less than 1-for-5 and not more than 1-for-20 (the “Reverse Stock Split Proposal”). The Board approved the reverse stock split at a ratio of 1-for-9 on November 11, 2024, subject to stockholder approval of the Reverse Stock Split Proposal.

Equinity Trust Company, LLC is acting as the exchange agent and transfer agent for the reverse stock split. Stockholders holding their shares in book-entry form or in brokerage accounts need not take any action in connection with the reverse stock split. Beneficial holders are encouraged to contact their bank, broker or custodian with any procedural questions.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit www.dragonflyenergy.com/investors.

Forward-Looking Statements

This 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 reverse stock split, the Company’s 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. Factors that may impact such forward-looking statements include, but are not limited to: improved recovery in the Company’s core markets, including the RV market; the Company’s ability to successfully increase market penetration into target markets; the Company’s ability to penetrate the heavy-duty trucking and other new markets; the growth of the addressable markets that the Company intends to target; the Company’s ability to retain members of its senior management team and other key personnel; the Company’s ability to maintain relationships with key suppliers including suppliers in China; the Company’s ability to maintain relationships with key customers; the Company’s ability to access capital as and when needed under its $150 million ChEF Equity Facility; the Company’s ability to protect its patents and other intellectual property; the Company’s ability to successfully utilize its patented dry electrode battery manufacturing process and optimize solid state cells as well as to produce commercially viable solid state cells in a timely manner or at all, and to scale to mass production; the Company’s ability to timely achieve the anticipated benefits of its licensing arrangement with Stryten Energy LLC; the Company’s ability to achieve the anticipated benefits of its customer arrangements with THOR Industries and THOR Industries’ affiliated brands (including Keystone RV Company); the Company’s ability to maintain the listing of its common stock and public warrants on the Nasdaq Capital Market; the Russian/Ukrainian conflict; the Company’s ability to generate revenue from future product sales and its ability to achieve and maintain profitability; and the Company’s ability to compete with other manufacturers in the industry and its ability to engage target customers and successfully convert these customers into meaningful orders in the future. These and other risks and uncertainties are described more fully 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, 2023 filed with the SEC 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:
Caldwell Bailey, ICR, Inc.
DragonflyIR@icrinc.com

The post Dragonfly Energy Announces 1-For-9 Reverse Stock Split appeared first on Dragonfly Energy.

Third Quarter 2024 Financial Highlights

• Net Sales were $12.7 million, compared to $15.9 million in Q3 2023
• Gross Profit was $2.9 million, compared to $4.6 million in Q3 2023
• Operating Expenses were $(8.9) million, compared to $(10.5) million in Q3 2023
• Net Loss of $(6.8) million, compared to Net Loss of $(10.0) million in Q3 2023
• Diluted Net Loss per share was $(0.11), compared to Net Loss of $(0.17) per share in Q3 2023
• EBITDA was $(0.8) million, compared to $(5.7) million in Q3 2023
• Adjusted EBITDA was $(5.5) million, compared to $(4.6) million in Q3 2023

Operational and Business Highlights

• Completed a pilot demonstration of methane reduction power solutions for the oil & gas industry.
• Launched Dragonfly IntelLigence smart battery technology for the heavy-duty trucking industry, providing real-time system monitoring and app-based connectivity for fleets and drivers.
• Dragonfly Energy’s Battle Born Batteries are now available through Keystone Automotive Operations, a leading distributor in the automotive, RV, and marine sectors.

“We remain committed to advancing lithium-ion battery innovation despite challenging economic conditions,” said Dr. Denis Phares, Chief Executive Officer of Dragonfly Energy. “Our strategic expansion into the heavy-duty trucking and oil & gas industries, paired with advancements like our Dragonfly IntelLigence technology, showcase our resilience and vision. We believe these efforts are building a strong foundation for long-term growth, enabling us to diversify and strengthen partnerships while positioning us for future success.”

Third Quarter 2024 Financial and Operating Results

Third quarter 2024 Net Sales were $12.7 million, compared to $15.9 million in the third quarter of 2023. This decrease was primarily due to lower direct-to-consumers (“DTC”) battery sales offset by higher original equipment manufacturers (“OEM”) battery and accessory, sales and licensing revenue. For the third quarter 2024, DTC Net Sales decreased by $5.2 million, compared to $10.3 million in the third quarter of 2023 due to decreased customer demand for Dragonfly Energy’s products due to rising interest rates and inflation. OEM Revenue increased by $1.8 million, compared to $5.6 million in the third quarter of 2023. The Company believes this increase may be attributable to a recovering RV market, the implementation of the Company’s smart battery technology product line, and Dragonfly Energy beginning to penetrate the heavy-duty trucking market.

Third quarter 2024 Gross Profit was $2.9 million, compared to $4.6 million in the third quarter of 2023.

General and Administrative Expenses in the third quarter of 2024 were $(8.9) million, compared to $(10.5) million in the third quarter of 2023. The decrease was primarily driven by reduced headcount, lower shipping costs, lower legal costs, and lower overall stock-based compensation costs.

Total Other Expense in the third quarter of 2024 was $(0.8) million, compared to Total Other Expense of $(4.1) million in the third quarter of 2023. Other Expense of $(0.8) million in the quarter ended September 30, 2024 is comprised primarily of interest expense of $5.6 million related to our debt securities offset by a positive change in the fair market value of warrant liability in the amount of $4.9 million.

The Company had a Net Loss of $(6.8) million, or $(0.11) per diluted share in the third quarter of 2024, compared to Net Loss of $(10.0) million or $(0.17) per diluted share in the third quarter of 2023. This result was driven by lower sales partially offset by lower cost of goods sold, and lower operating expenses, and a decrease in other income (due to the change in fair market value of the Company’s warrant liability).

EBITDA in the third quarter of 2024 was $(0.8) million, compared to $(5.7) million in the third quarter of 2023.

In the third quarter of 2024, Adjusted EBITDA excluding stock-based compensation, changes in the fair market value of the Company’s warrant liability, and other one-time expenses, was a $(5.5) million, compared to a $(4.6) million for the third quarter of 2023.

The Company ended the third quarter of 2024 with $8.0 million in cash, up from $4.7 million that was available as of the quarter ended June 30, 2024.

The Company’s $150 million equity line of credit remains effectively unutilized. The Company believes that it controls appropriate levers to manage its liquidity position and enable it to execute on plans to enter new markets, take advantage of new opportunities, and continue research and development efforts.

Q4 2024 Outlook

The Company believes that the RV market continues to recover, though at a slower pace than previously anticipated. The Company believes its entry into the heavy-duty trucking market has been successful, and the Company has seen growth in the customer base, though conversion into purchase orders has lagged timeline expectations.

Q4 2024 Guidance

• Net Sales are expected to range between $13.5 – $14.0 million
• Gross Margin is expected to be in the range of 22.0% – 25.0%
• Operating Expenses are expected to be in a range of $(5.5) – $(6.5) million

Webcast Information

The Dragonfly Energy management team will host a conference call to discuss its third quarter 2024 financial and operational results this afternoon, Thursday, November 14, 2024, at 5:00 pm E.T. The call can be accessed live via webcast by clicking here, or through the Events and Presentations page within the Investor Relations section of Dragonfly Energy’s website at https://investors.dragonflyenergy.com/events-and-presentations/default.aspx. The call can also be accessed live via telephone by dialing (646) 564-2877, toll-free in North America (800) 549-8228, or for international callers +1 (289) 819-1520, and referencing conference ID: 64729. Please log in to the webcast or dial in to the call at least 10 minutes prior to the start of the event.

An archive of the webcast will be available for a period of time shortly after the call on the Events and Presentations page on the Investor Relations section of Dragonfly Energy’s website, along with the earnings press release.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries^® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit www.dragonflyenergy.com/investors.

Forward-Looking Statements

This 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 guidance for 2024, 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. Factors that may impact such forward-looking statements include, but are not limited to: improved recovery in the Company’s core markets, including the RV market; the Company’s ability to successfully increase market penetration into target markets; the Company’s ability to penetrate the heavy-duty trucking and other new markets; the growth of the addressable markets that the Company intends to target; the Company’s ability to retain members of its senior management team and other key personnel; the Company’s ability to maintain relationships with key suppliers including suppliers in China; the Company’s ability to maintain relationships with key customers; the Company’s ability to access capital as and when needed under its $150 million ChEF Equity Facility; the Company’s ability to protect its patents and other intellectual property; the Company’s ability to successfully utilize its patented dry electrode battery manufacturing process and optimize solid state cells as well as to produce commercially viable solid state cells in a timely manner or at all, and to scale to mass production; the Company’s ability to timely achieve the anticipated benefits of its licensing arrangement with Stryten Energy LLC; the Company’s ability to achieve the anticipated benefits of its customer arrangements with THOR Industries and THOR Industries’ affiliated brands (including Keystone RV Company); the Company’s ability to maintain the listing of its common stock and public warrants on the Nasdaq Capital Market; the Russian/Ukrainian conflict; the Company’s ability to generate revenue from future product sales and its ability to achieve and maintain profitability; and the Company’s ability to compete with other manufacturers in the industry and its ability to engage target customers and successfully convert these customers into meaningful orders in the future. These and other risks and uncertainties are described more fully 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, 2023 filed with the SEC 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:
Caldwell Bailey, ICR, Inc.
DragonflyIR@icrinc.com

The post Dragonfly Energy Reports Third Quarter 2024 Financial and Operational Results appeared first on Dragonfly Energy.

This partnership is expected to increase the availability of Battle Born Batteries by leveraging Keystone Automotive’s robust distribution network. Battle Born Batteries are available to Keystone Automotive customers across multiple industry segments, including the recreational vehicle (RV) industry through NTP-STAG, the marine industry through SeaWide, and the overlanding and off-grid industry through Keystone Automotive.

“Keystone Automotive brings an extensive network and a large, engaged audience to this partnership, which we believe will expand Dragonfly Energy’s market presence,” said Wade Seaburg, chief revenue officer at Dragonfly Energy. “In addition to their strong market presence, Keystone is known for delivering top-tier distribution services. We are proud to align with such a respected partner to provide customers the opportunity for increased accessibility to the batteries and products they rely on.”

“The addition of Dragonfly Energy’s Battle Born Batteries brand to our product offerings complements our commitment to quality, customer service, and providing our customers the best products on the market,” said Andy Morgan, director of marketing at Keystone Automotive Operations. “Dragonfly Energy’s products will allow us to provide our customers with powerful energy solutions that give them the benefit of extended lifespan, increased safety, and an environmentally responsible power solution.”

For more information about Dragonfly Energy, visit DragonflyEnergy.com. To learn more about Keystone Automotive Operations, visit KeystoneAutomotive.com.

About Dragonfly Energy
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries^® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit www.dragonflyenergy.com/investors.

About Keystone Automotive Operations:
Keystone Automotive Operations is the leading distributor and marketer of automotive aftermarket products and services, uniquely positioned to offer customers and suppliers substantial scale, the most comprehensive inventory selection in the industry, high levels of customer service and innovative marketing support. Keystone is committed to expanding its offerings to meet the ever-growing needs of its customer base, providing them everything they need, when they need it.

Forward-Looking Statements
This 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 its partnership with Keystone Automotive, 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, 2023, 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
Caldwell Bailey, ICR, Inc.
DragonflyIR@icrinc.com

Media Relations
Amy Demuth, RAD Strategies Inc.
dragonfly@radstrategiesinc.com

Source: Dragonfly Energy Holdings Corp.

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Strativ’s Role in Powering Innovation and Clean Energy Recruitment

As a global recruiting company, Strativ Group is dedicated to helping technology and clean energy companies recruit world-class talent. Strativ understands that to drive innovation and make the world a better, more sustainable place, these cutting-edge companies need visionaries and forward-thinking individuals to lead a rapidly growing industry. Originally focused on electric vehicles (EV) and EV infrastructure, Strativ has shifted its attention to battery technology over the past four years, assembling a specialized team to address the industry’s talent needs across North America, Europe, and Asia.

In this episode of the Li-MITLESS ENERGY podcast, Jamie Sheard, head of Battery Technology at Strativ, discussed the company’s evolving role in talent recruitment for the clean energy sector. Facing challenges with reluctance to relocate and limited candidates with experience in scaling technologies from pilot to mass production, Strativ is turning toward key and emerging talent hubs for their clients. Looking ahead, Jamie expressed Strativ’s commitment to closing the skills gap by fostering talent, creating educational content, and facilitating industry connections. As the industry expands, the demand for talent is expected to outpace the supply, prompting companies like Strativ to consider launching mentorship and training programs to prepare for the future.

Listen to the full episode on YouTube or wherever you stream podcasts and follow along with Strativ Group and their radical vision for the future of the clean energy sector on Instagram, YouTube, and LinkedIn.

Podcast Transcript

Denis Phares  0:11 

Welcome to the Li-MITLESS ENERGY Podcast. We are here today in Detroit at the battery show in the Volta Foundation Lounge, and my guest today is Jamie Sheard, head of battery technology at the Strativ Group. Thank you for joining.

Jamie Sheard  0:26 

Thank you. Yeah, pleasure to be here. It’s nice to be on the other side.

Denis Phares  0:29 

On the other side. That’s right. Jamie has his own podcast, we can talk about that. First, let’s talk about the Strativ Group. So, what does the Strativ Group do?

Jamie Sheard  0:39 

Yeah. So, the core part of our business is talent solutions. So, we’re at our core recruitment business. And to give a bit of history, we founded the business around six years ago, six years at Christmas, and a large part of that business was focused around future mobility. So, we mainly focus on EV and eVTOL. And then, since then, over the years, we’ve evolved the different business units, and now a large part of what we do is actually batteries. So, we have a large team focusing on batteries. So, yeah, that’s the main focus. In terms of our battery team, mainly North America and Europe is where we focus. In terms of talent solutions, we do help some customers and clients in Asia as well.

Denis Phares  1:21

Well, the company originally started six years ago, but when did the focus on batteries really originate?

Jamie Sheard  1:28

So, I’d say maybe four years ago. My colleague, Reese, really kind of founded the cleantech division, and then we branched and kind of really put all of our eggs in the batteries basket. So, to give you an idea of the structure, there’s like 12 or 13 people now, consultants, who focus specifically on batteries. And that’s all the way through the chain from materials, cell, pack module, all the way through to recycling, kind of going full cycle. And then we have people who focus on more commercial positions and go to market, others who do more engineering disciplines like mechanical and electrical. So, helps us to have more specialists that can help clients in terms of whatever they might need.

Denis Phares  2:15

So, was this, I guess, expansion into batteries caused by the pool of talent that you had and that you’ve noticed a common theme there, or was it actually driven by the customers, by the companies you work with?

Jamie Sheard  2:28

Yeah, probably the latter. So, a big customer of ours, Lillian, so they were big customer of ours on the eVTOL side, but then they needed some support on the battery side of the business. Same with the Supernal and a couple of others focusing on eVTOL. And then, since then, we’ve got some introductions into more battery-focused businesses, battery-centric businesses. And then, we just identified the opportunity. And we’ll talk about it later in the conversation, but we just think it’s a super dynamic industry. A lot of people who want to do good in the industry. I worked in a few different spaces, and, yeah, we just thought, “Let’s really go at this because it’s exciting, there’s a lot of investment, and it’s obviously the future.”

Denis Phares  3:15 

So, was the talent pool already there and ready for the transition, or did you have to do something actively to fundamentally change your talent pool?

Jamie Sheard  3:21 

Well, it’s a good question. As I mentioned before, we focus more on North America and Europe, whereas, typically, the main talent pool is in Asia, so China and South Korea. So, sure enough, over the years, it’s got better, but still we have a lot of clients who are looking for people, and sometimes those people just aren’t in North America. So, we’re either recruiting them from China or South Korea and recruiting them over, or sometimes they have to compromise on what they need. So, it’s a real ongoing journey, which, again, is exciting because we need to upskill. We need to look at new ways of allowing our kind of current talent force to make the move, make that more comfortable.

Denis Phares  4:06 

Have you seen a move overall, the distribution of the talent pool to be shifting over more from Asia to Western countries at all?

Jamie Sheard  4:14 

In terms of it being attractive to move over?

Denis Phares  4:18 

In terms of if you’re trying to identify potential talent, is the distribution still very much skewed to Asia the way that it used to be, or is it starting to become a little bit more distributed globally?

Jamie Sheard  4:32 

It’s getting better. It’s definitely distributed more globally. But then, with that comes the challenge of language as well. Something that I’ve identified, I’ve recently moved to Spain. You don’t realize how difficult it is to actually move somewhere and not be able to speak a language. So, a lot of talent is moving from Asia over to North America, which is great, but it’s not easy to learn a new language and a new culture and everything else, and that is sometimes undervalued in terms of how difficult that can be for somebody’s life. But still, a big part of the demographic in North America, of those experienced people who’ve taken small-scale pilot line all the way through to mass scale, and gone all the way through to commercialization, a lot of those people are from Asia still. We don’t have many people…

Denis Phares  5:27

Yeah, that’s what I was getting at.

Jamie Sheard  5:28

…From North America, from Europe, who’ve done that. And so, that’s the thing a lot of the time. Clients need to understand that they need to compromise because these people are very difficult to… There’s not many of them, and they’re kept very happy.

Denis Phares  5:45 

Mm-hmm. That is interesting. As you noted earlier, it’s a very dynamic industry, and it has been dominated by Asia for such a long time, for decades now. And in terms of how it becomes more global, and how North America and Europe really compete on the world stage, in your view, what needs to change?

Jamie Sheard  6:12 

I think, in terms of the Vita system, I don’t know the intricacies, but I know it’s fairly difficult times. We had somebody who we relocated from South Korea to Massachusetts, and still they’re in the system. This happened back end of 2023, and they’re still in the system waiting to get that kind of full approval. And it takes a long time, and it’s stressful. And for an entire family to make a decision around, “Do we make the move?” That process being easy makes that a lot easier for the family to go, “Yeah, let’s do this. It’s an exciting adventure.” It’s just complicated and it’s too big a risk if somebody is set up and has roots right there. And I think something else that is needed is identifying peripheral markets where we can, not take people from, but upskill individuals to move into batteries…

Denis Phares  7:10

Just material scientists, and…

Jamie Sheard  7:12

Material scientists. And then, on the manufacturing side, there’s not many individuals as wet coating experience from other industries. Dry coating, sure, with kind of powder and rubber and papers, I think maybe stand a bit more of a chance on that side. So, it’d be interesting to see if that plays a factor in what technologies and what processes become mainstream and become large, the talent pool, whereas other times it’s more the viability of the technology. I think, yeah, the demographic and the availability of talent pool might have more of a pull or a say on what companies are successful and what aren’t.

Denis Phares  7:54 

Right. Well, we’ve talked about the evolution of the talent pool, what about of the customers? What about of the companies? How has that been evolving over the last, let’s say, five years?

Jamie Sheard  8:02 

Yeah. Well, just kind of going back to my history. So, I originated in the medical devices field. So, I worked in medical devices, then I moved into the mining industry, and then I moved into batteries. That was quite an interesting transition.

Denis Phares  8:19

What were you doing in medical devices?

Jamie Sheard  8:20

So, I was doing neurology and endoscopy. So, endoscopy, their kind of medical devices. All around kind of laparoscopy and keyhole surgery, essentially. Minimally invasive. And then I also did some neurology

Denis Phares  8:33 

That’s kind of mining. Sorry.

(Laughter)

Jamie Sheard  8:36 

In a way. We’re searching for stuff, for sure. And then, the whole reason for moving to mining was we were actually going to relocate to Australia. And, of course, there’s a huge, huge presence there, particularly in the West Coast of Australia. So, I learned a lot about lithium and that kind of mining process. And then, obviously, moving now into batteries. Again, it was more of a situation in terms of lifestyle because we got married. We couldn’t move to Australia because of COVID, of course, in 2020. And then, we got married, and then we decided to move to Barcelona where we live now. And I joined Strativ Group. And just happened at the time that batteries were really emerging, and, “We want you to kind of take this,” and really moved with it. So, I’ve had the benefit of working in different industries. And what I identified in batteries straight away was people are so friendly, honestly. First and foremost, I was like, “People are so open-minded, and they’re forward-thinking,” which is refreshing.

Denis Phares  9:36

I agree.

Jamie Sheard  8:36 

I’m paying you a compliment.

Denis Phares  9:36

Thank you.

Jamie Sheard  9:40

But I was like, “This is so interesting.” And then in terms of the investment, the dynamic element of the industry, and very, very kind of fast-moving. And that’s why we almost kind of put all of our eggs in the battery basket was because we just saw a huge potential. Things have been challenging over recent past year, 18 months, but still, the outlook is very, very positive. You just need to look at the show today. It’s the first time it’s in downtown Detroit, it was in Nova last year. It was way too small a facility for so many people. It’s just growing so much. I think there’s going to be one in Atlanta now as well, next year maybe, I’m not sure. But it’s just a testament to all the work everybody has been doing. Everyone’s forward-thinking, excited. And as I said before, do-gooders, like, people want to do good. And the Volta Foundation is a key example that people want to come in and actually give their time to educate, help the entire industry improve. And that’s invaluable to the success of an industry. So, that’s why I’m optimistic.

Denis Phares  10:53 

So, your role at Strativ as a head of battery technology, how did that evolve into a relationship with the Volta Foundation podcast? How did the podcast come about? You’re doing more than just recruiting talent?

Jamie Sheard  11:06 

Yeah. I think it was important to be fully embedded in the community. So, a lot of recruiters have a bad reputation, and sometimes for good reason. But what I think we wanted to do was demonstrate our investment and our commitment to the industry by creating a not-for-profit community like TakeCharge. We were inspired by what Volta Foundation was doing, and we saw an amazing opportunity to form a partnership with them, create more content. Create more content to put people on the map and help our customers talk about key issues. Because a lot of the businesses in this space are fairly small, kind of small, and starting up and scaling, and it’s important to get the message out there because everybody has an amazing message, but doesn’t always have the platform to express it. So, that’s what TakeCharge was born to do. And from a selfish perspective, it was to show people that we’re good people, and that we care, and that we’re invested in this space, and we’re in it for the long run, not just to work with a customer once and then and then go away. Because if you do a bad job for one or two customers, we’re talking about how big the show is today, but the industry is very small, and people can talk ill about a business, and ultimately, it will affect reputation. So, yeah, going all-in in the industry is a risk, but I think a risk worth taking, for sure.

Denis Phares  12:38 

Yeah. Well, you have a unique view of the state of the industry by being the big player in managing the talent, so is there anything that you can tell me in terms of long-term and short-term trends? Certainly, with the IRA, and, all of a sudden, all these gigafactories are being announced, there was probably a boom in what you’re doing, and then maybe a little bit of a correction in the EV demand that we’ve seen globally, or at least, in North America. Is there anything you can say about your observations of these trends?

Jamie Sheard  13:10 

I’d say short-term, and interesting trend that we’re seeing is a reluctance to relocate.

Denis Phares  13:18 

Really?

Jamie Sheard  13:18 

Yeah. It’s really interesting.

Denis Phares  13:19

People are used to remote work?

Jamie Sheard  13:22 

Well, remote work, and, obviously, as we know, working in laboratories just getting [Inaudible 13:28] you need to be on-site at least four days a week, normally five days a week, so, therefore, people need to relocate. And over the years, that’s typically been the nature of our work, relocating people to different facilities. There’s a huge ecosystem in the Bay Area, for example. But if you have clients in Indiana, or Chicago, North-South Carolina, these ecosystems are growing, but they’re not the finished article yet. So, a lot of people have to relocate, and they can’t just rely on growing their career in one state or one location. But, in the past, I’d say, two or three months, we’ve seen a trend of just a reluctance to relocate or make the jump, make the move. Maybe that’s the upcoming election, potentially.

Denis Phares  14:09

Uncertainty in the world.

Jamie Sheard  14:10

Uncertainty, and just maybe we’ll kind of want things to settle before they uproot the whole family and make a move across the states. So, that’s a real short-term one that we’re seeing. In terms of what our clients are demanding, the trends we see in there is more on somebody who has experience scaling pilot lines all the way through to mass scale and commercialization. So, somebody who’s really gone commercial within their career. Lot of great academics who’ve moved into different businesses and have great success. But bringing somebody in who’s been there and done that, that’s what all of our clients need, which is almost hard to find. Like we said before, a lot of these people are in Asia. Something we don’t see is… Something I say to myself is why can’t our clients just bring somebody on board and upskill them, and develop them? They can find the people themselves, they pay us to find the people that are super difficult to find.

Denis Phares  15:11 

Are they paying you to find people that can come in and train them? Is that the difficulty?

Jamie Sheard  15:17 

Essentially. It’s the really hard-to-fill positions that there’s only a few people who can actually do this role. Are they available? Can they relocate? Are they in budget? There’s so many factors and that’s why it’s difficult. Some people see… It’s a super difficult job, it’s a difficult industry to work in, but so is every industry.

Denis Phares  15:42 

Well, it’s unique in terms of how quickly it grew, the industry, and also because it’s not a software industry. Maybe there’s some software, but you’re actually manufacturing, you’re making something. And I guess we see something similar with, let’s say, AI, just a boom in that industry, but now you’re looking for coders. You’re looking for software. This is pretty unique in terms of you have to find people that are used to mass-producing things. So, is there any, you kind of alluded to this, but adjacent industries that you can draw from? And there’s obviously manufacturing in North America and in Europe, and people know how to mass produce certain things, and you’ve alluded to maybe powder coating, powder coats might be easier to find, but what can you say in terms of the talent pool associated with adjacent industries that you can pull into the battery industry?

Jamie Sheard  16:45 

Yeah. I’d say, as I mentioned before, wet coating processes. There’s not many industries, there’s not much talent there available. So, that’s, I think, where the biggest need will be in terms of upskilling. There’s a lot of great universities now and lecturers, whether that be material science, or chemical engineering, or mechanical engineering associated to batteries, that’s improving a lot. So, I think there are a lot of people coming from their Ph. D.s better qualified from within the states, so that’s great. In terms of adjacent industries, as I said before, for dry process, paper, powder, rubber, anything that deals with powders is going to be, I think, where the easiest transition can be made. And something that I speak to clients about a lot is the location of their factories. Obviously, conditions in terms of the climate. Climate conditions is important, but then also available talent. Customers and clients are thinking quite carefully about where they locate their facilities. And, at the moment, it’s difficult. There’s not many ecosystems that’s perfectly set up for it, there’s always going to be some kind of compromise. So, adjacent industries. I’ve only mentioned a few there, I’m sure there’s others that we could seem to look at as well, but it’s definitely essential to be able to staff all of our requirements.

Denis Phares  18:16 

Right. Well, I would argue that a perfect ecosystem is in Reno, Nevada. Will you agree with me?

Jamie Sheard  18:21 

Of course, I agree with you on your podcast.

(Laughter)

Denis Phares  18:26 

Well, it’s so beautiful out there. To be fair, there’s a lot of companies that have popped up in and around Reno both on the upstream side and on the pack production side. Everything from mining to the, as you noted, the processing, all the way to the recycling. So, I would imagine that Reno is one of the hotspots in the country. Is it generally considered to be?

Jamie Sheard  18:53 

For sure? We talked before about the kind of changes in the trends, what we found before was very… California, of course, the Bay Area, of course, Massachusetts, around Boston, yeah, for sure. But now there’s more pockets of pretty sustainable hubs of talent and businesses that can all kind of support each other.

Denis Phares  19:16 

Where else? Where are one of the less expected pockets?

Jamie Sheard  19:21 

I think we’re seeing more in Chicago, for example. Michigan, of course, has always been strong, hence we’re here today. We have some clients in Indiana, and then North and South Carolina. I think we’re seeing a lot more variances in terms of batch manufacturing. So, they’re less obvious, but Texas as well, we’ve seen some good movement there. But that’s what’s been exciting is now when we’re given an assignment to work on a position at a certain location, we have more options because there’s actually people with not maybe the perfect experience, but peripheral experience that they could move into and they don’t need to relocate. Five years ago, it was mostly relocation because the talent wasn’t there. So, it’s improving, for sure. And the rate of improvement and available talent is quite staggering. It’s the fastest rate of improvement I’ve seen versus other industries I’ve worked in.

Denis Phares  20:21 

So, where do you see the industry in 5, 10 years, and what is Strativ doing to prepare for that evolution?

Jamie Sheard  20:28 

This is a question I ask at the end of my podcast as well. It’s a good question. I see maybe a chemistry that’s actually going somewhere, and this works. I’m fascinated by dry electrode and solid-state technologies, so I hope there’s been some movement there. Not just a case of making more batteries, maybe a different sort of battery. So, the availability of talent is going to improve, but I think the demand for talent is actually going to increase at a higher rate. And the skills gap could actually increase, which is exciting in a way for us, but also we need to do more. And I think something that we’re going to do is actually look at ways of, rather than just finding talent that’s even harder to find, actually, can we just put on a training program, or can we put some kind of mentor?

Denis Phares  21:30 

Is that a unique place for a recruitment plan to do that?

Jamie Sheard  21:34 

Yeah, sure. Normally, it’s pretty one-dimensional, kind of head [Inaudible 21:38] positions, but the TakeCharge podcast was there to help spread the message and spread the words because it kind of improves the awareness. But I think we could add more value, some more tangible value, from whether that be a mentorship program, or training, or connecting people together for the good of the industry. So, that’s kind of what the Volta Foundation do. So, I think with a foundation like volta that we can learn from and lean on it, the industry’s got a good chance. The future’s exciting, for sure. That’s why we invested so much into it because we see ourselves in it for a long time.

Denis Phares  22:21 

It is interesting how analogous it is to the rate that we can get raw materials out of the ground, resources out of the ground, to the demand of batteries and it’s similar to people. You need the people too, in addition to the raw materials.

Jamie Sheard  22:37 

Yeah. Something I didn’t mention was the supply chain. I think we see a big change in the supply chain in the next 5, 10. That needs to happen, both from a sustainability perspective, but also a kind of geo-geopolitical perspective as we grow in it. It can’t just be exports. I think that’ll be interesting to see it.

Denis Phares  22:58 

Great. Well, very exciting time, exciting time in the industry. And kudos to you and Strativ to being a huge part of it.

Jamie Sheard  23:06 

Thank you for inviting me onto the show and for all the good work that you’re doing. We value the partnership, so thank you very much.

Denis Phares  23:13 

Cheers. Thanks for being on.

Jamie Sheard  23:15

Thank you.

Denis Phares  23:16

Thank you for listening to the Li-MITLESS ENERGY Podcast. Be sure to subscribe on any of your favorite podcast platforms.

[End Of Recording]

The post The Li-MITLESS ENERGY Podcast | Shaping the Future of Battery Talent: Insights from Strativ appeared first on Dragonfly Energy.

RENO, Nev., Nov. 12, 2024 (GLOBE NEWSWIRE) — Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in energy storage and maker of Battle Born Batteries^®, announced today it has signed a Memorandum of Understanding (MOU) with Bruker (Nasdaq: BRKR), a leader in analytical instrumentation and method development and manufacturing, to collaborate and significantly improve current and next-generation battery technology and battery materials. This strategic partnership leverages the complementary strengths of each company, bringing Dragonfly Energy’s thorough expertise in liquid and solid-state battery technology together with Bruker’s comprehensive suite of analytical solutions for battery research, development, and manufacturing. This collaboration enhances Dragonfly Energy’s scientific understanding of batteries and advanced battery materials through Bruker’s cutting-edge magnetic resonance methods, driving advancements in battery technology and sustainable manufacturing processes and the development of next-generation batteries

“To stay at the forefront of technology and energy storage, our experts need the best tools available, and Bruker provides them,” said Dr. Vick Singh, SVP of Technology at Dragonfly Energy. “Partnering with Bruker equips our team for success and drives us toward innovative energy storage solutions, ultimately facilitating our mission of widespread deployment of cost-effective energy storage both on and off the grid.”

Dragonfly Energy uses Bruker’s nuclear magnetic resonance (“NMR”)-based equipment to study lithium batteries at a fundamental level. Through NMR, battery scientists can pull electrolyte samples at various points during the lifetime of a battery for multiple measurements, helping to optimize the performance of cells produced using the Company’s patented dry electrode process. Numerous technologies among Bruker’s extensive product portfolio have been utilized in Dragonfly’s advancements with lithium battery cells, including AFM, FT-IR, NMR, Raman, XRD, and XRF, among others.

“We are looking forward to an ongoing partnership with Dragonfly Energy as together we continue to drive battery technology forward,” said Dr. Joerg Koehler, Senior Director of Cleantech, Industrial, and Applied Markets at Bruker. “Combining the most advanced analytical instrumentation with lab automation and modern robotics streamlines the connectivity to new and existing workflows at R&D and manufacturing. Bruker’s unique software solutions for analytical data interpretation enhance method harmonization and result comparability throughout global organizations. Finally, the connectivity to IoT and data management layers ensures the dataflow and supports evidence-based decision making for efficiency optimized manufacturing. Leveraging both key areas of expertise, battery cell chemistry and analytical solution development we believe will ultimately redefine renewable energy storage.”

For more information about Dragonfly Energy, visit DragonflyEnergy.com. To learn more about Bruker, visit Bruker.com.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries^® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit www.dragonflyenergy.com/investors.

About Bruker Corporation (Nasdaq: BRKR)
Bruker provides a comprehensive suite of advanced analytical solutions tailored for every stage of the battery life cycle, from raw material analysis to recycling and data management. Bruker’s high-performance scientific instruments and software applications support research, development, manufacturing, and quality control, delivering critical insights into material properties, structural integrity, and chemical composition. For more information, please visit www.bruker.com.

Forward-Looking Statements
This 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 its partnership with Bruker BioSpin, 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, 2023, 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
Caldwell Bailey
ICR, Inc.
DragonflyIR@icrinc.com

Media Relations
Amy Demuth, RAD Strategies Inc.
dragonfly@radstrategiesinc.com

Source: Dragonfly Energy Holdings Corp.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af5b8794-cbfb-4ec8-b19a-b458f8b1d670

The post Dragonfly Energy and Bruker Partner to Accelerate Battery Technology Development appeared first on Dragonfly Energy.