Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy”
or the “Company”), maker of Battle Born BatteriesTM and an industry
leader in energy storage, today announced a partnership with the
John Lennon Educational Tour Bus (the “Lennon Bus”), now powered by
Battle Born Batteries. The Lennon Bus, a nonprofit mobile recording
facility providing hands-on experiences for students of all ages,
recently underwent a major overhaul with support from Dolby, Apple,
Dragonfly Energy, and several more generous corporations.
Transitioning the bus to lithium power takes the bus to a new level
of sustainability, cost-savings, and improved experience with up to
eight hours of runtime off the batteries alone, plus extended
runtime with the availability of solar power.
The Lennon Bus is committed to providing youth,
communities, and schools across the nation with free events,
workshops, interactive experiences, and hands-on opportunities to
create original audio, video, and broadcast projects that reflect
their ideas and inspirations.
Putting sustainability at the forefront, the
integration of Battle Born Batteries allowed the removal of the
previous heavy and toxic lead acid batteries, making the Lennon Bus
a much greener vehicle. The addition of solar panels on the roof
allows the batteries to charge from the sun, while the Dragonfly
Energy Wakespeed WS500 charges the power bank while driving. All
these improvements significantly reduces the need for generators.
Outfitting the bus with these green energy components enables the
nonprofit to have an even greater impact due to cost savings using
batteries that will last for at least 10 years, avoiding the
previous high cost of frequent battery replacement and expensive
fuel for generators. In addition, these upgrades give the
organization additional flexibility and freedom to take the bus to
locations and events they may not have been able to travel to
previously.
“As we looked to upgrade and improve the bus in
various aspects, moving to lithium was an obvious solution to
explore,” Brian Rothschild, co-founder of the John Lennon
Educational Tour Bus, said. “The capabilities that Dragonfly
Energy’s batteries have given us are beyond our expectations and
now we can truly just go out and use the bus as it is designed to,
focus on the project at hand, rather than worry about generators,
fuel and all the noise and cost that come with them. We are beyond
grateful to our supporters like Dragonfly Energy and the many other
companies who helped us reimagine the bus to continue to achieve
our mission.”
Dragonfly Energy uses solar and lithium power to
fuel the mobile music recording studio, providing 103.68KW hours
using sixteen 270Ah 12V Battle Born LiFePO4 deep cycle batteries.
Twelve 200W solar panels provide 2,400 watts of solar power, a
Wakespeed WS500 advanced alternator regulator provides charging via
the bus’s engine and five 5000W 24V inverter/chargers provide
adaptive charge technology. All this provides plenty of power for
the two state-of-the-art studios on board which now include the
ability to mix in Dolby Atmos, plus the ability to run A/C and
other features that were previously limited in conjunction with the
studio equipment.
“We're thrilled to partner with the John Lennon
Educational Tour Bus and provide them with the sustainable energy
they need to keep their musical education rolling across the
country,” Tyler Bourns, Chief Marketing Officer at Dragonfly
Energy, said. “At Dragonfly Energy, we believe in the power of
music to inspire and educate, and we're committed to doing our part
to create a cleaner future for generations to come.”
The newly renovated Lennon Bus made its debut at
The National Association of Music Merchants (“NAMM”) Show at the
Anaheim Convention Center last week. Attendees, media, and
celebrities, from RZA of Wu-Tang Clan to Khemist, winner of the
John Lennon songwriting Contest’s Song of the Year, participated in
educational events and tours to showcase the bus and its newly
improved features.
For more information about Battle Born
Batteries, visit online. For more information about Dragonfly
Energy, visit DragonflyEnergy.com.
About Dragonfly EnergyDragonfly
Energy Holdings Corp. (Nasdaq: DFLI) headquartered in Reno, Nevada,
is a leading supplier of deep cycle lithium-ion batteries.
Dragonfly Energy’s research and development initiatives are
revolutionizing the energy storage industry through innovative
technologies and manufacturing processes. Today, Dragonfly Energy’s
non-toxic deep cycle lithium-ion batteries are displacing lead-acid
batteries across a wide range of end-markets, including RVs, marine
vessels, off-grid installations, and other storage applications.
Dragonfly Energy is also focused on delivering an energy storage
solution to enable a more sustainable and reliable smart grid
through the future deployment of its proprietary and patented
solid-state cell technology. To learn more,
visit www.dragonflyenergy.com/investors.
About the John Lennon Educational Tour
BusThe John Lennon Educational Tour Bus is the premiere
nonprofit mobile recording facility that provides hands-on
experiences for students of all ages. In its 26th year of
touring, the Lennon Bus features a Dolby Atmos studio with the
latest audio and video technology, gear and products. The
concept began as an offshoot of the John Lennon
Songwriting Contest, dedicated to providing opportunities for
both professional and amateur songwriters around the world,
proceeds from which help to support the Lennon Bus. The Lennon Bus
travels across the U.S. and Canada year-round, providing free
tours and workshops at schools, colleges and universities,
festivals, on tours with headlining artists, and at major
industry conferences. Lennon Bus Europe began providing these
same opportunities to the young people of Europe when it
launched in Liverpool, UK in May 2013. The Lennon Bus is made
possible by Yoko Ono Lennon and the following sponsors and
contributors: Apple, Inc., The Dolby Institute, Battle Born
Batteries, NAMM Foundation, Westlake Pro, Gibson Gives,
Audio-Technica, Genelec, Apogee, Roland, Epiphone, Triple G
Ventures, Triad-Orbit, Reason Studios, Solid State Logic, Neutrik,
Blackmagic Design, Grace Design, Avid, Universal Audio, and Flock
Audio.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995. Forward-looking statements include all statements that
are not historical statements of fact and statements regarding the
Company’s intent, belief, or expectations, including, but not
limited to, statements regarding the Company’s partnership with the
John Lennon Educational Tour Bus, the Company’s future results of
operations and financial position, planned products and services,
business strategy and plans, market size and growth opportunities,
competitive position and technological and market trends. Some of
these forward-looking statements can be identified by the use of
forward-looking words, including “may,” “should,” “expect,”
“intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,”
“plan,” “targets,” “projects,” “could,” “would,” “continue,”
“forecast” or the negatives of these terms or variations of them or
similar expressions.
These forward-looking statements are subject to
risks, uncertainties, and other factors (some of which are beyond
the Company’s control) which could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include those set forth in the sections
entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in the Company’s Annual Report on Form
10-K for the year ended December 31, 2022 and in the Company’s
subsequent filings with the SEC available at www.sec.gov. If
any of these risks materialize or any of the Company’s assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. There may be
additional risks that the Company presently does not know or that
it currently believes are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements. All forward-looking statements contained in this press
release speak only as of the date they were made. Except to the
extent required by law, the Company undertakes no obligation to
update such statements to reflect events that occur or
circumstances that exist after the date on which they were
made.
Investor Relations Sioban Hickie, ICR,
Inc.DragonflyIR@icrinc.com
Media RelationsAmy Demuth, RAD Strategies
Inc.dragonfly@radstrategiesinc.com
Source: Dragonfly Energy Holdings Corp.
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/91196765-1fc6-4cc5-9033-5dec8d7f6ae2.
Dragonfly Energy (NASDAQ:DFLI)
Historical Stock Chart
From May 2024 to Jun 2024
Dragonfly Energy (NASDAQ:DFLI)
Historical Stock Chart
From Jun 2023 to Jun 2024