Dragonfly Energy Speaks at Rho Motion Seminar Series
07 June 2023 - 9:30PM
Dragonfly Energy Holdings Corp.’s (Nasdaq: DFLI) (“Dragonfly
Energy” or the “Company”) Director of Research and Development, Dr.
Vickrum (Vick) Singh, joined a panel of experts from the energy
storage, EV (electric vehicles), charging and infrastructure,
lithium battery recycling, and battery materials markets at the Rho
Motion Seminar Series in New York late last month. Dr. Singh
addressed Dragonfly Energy’s technology in the lithium battery
storage sector and the Company’s patented cell manufacturing
technology.
Dr. Singh provided insights into the different
aspects of successful lithium battery cell production, from
development to testing to full production and how the Dragonfly
Energy solution of manufacturing these cells results in a cleaner,
less costly process that can be accomplished within a significantly
reduced manufacturing footprint when compared to a traditional cell
manufacturing line.
As an accomplished energy technology
professional, Dr. Singh has more than 10 years of
experience in various research functions within private and public
firms. As the director of research and development at Dragonfly
Energy, he has been instrumental in overseeing the development of
next-generation lithium-ion batteries and manufacturing processes
and optimizing the Company’s all-solid-state battery chemistries
for deep-cycle applications. His expertise in chemical engineering
and materials science is enabling him to build and lead a highly
advanced, dedicated team of advanced scientists and engineers
across various disciplines.
Before joining Dragonfly Energy, Dr. Singh was a
Postdoctoral Research Fellow at the Lawrence Livermore National
Laboratory's Center for Global Security Research. His research
focused on international nuclear energy development and its impact
on nonproliferation policy. His work has been published and
presented in multiple scientific reports on electrochemical
techniques and their measurement uncertainties. Dr. Singh also
served as a Nuclear Regulatory Commission Fellow during his Ph.D.
studies at the University of Nevada, Reno.
Rho Motion is an industry leader in forecasting
and analyzing the EV market including EV batteries, charging and
infrastructure and stationary energy storage markets. The company
holds in-person events and programming directed at this audience to
provide in-depth insights into the challenges and opportunities
facing the industry. The next event is to be held Sept. 6-7, 2023,
in Gothenburg, Sweden.
To learn more about Dragonfly Energy, visit
DragonflyEnergy.com.
About Dragonfly EnergyDragonfly Energy Holdings
Corp. (Nasdaq: DFLI) headquartered in Reno, Nevada, is a leading
supplier of deep-cycle lithium-ion batteries. Dragonfly Energy’s
research and development initiatives are revolutionizing the energy
storage industry through innovative technologies and manufacturing
processes. Today, Dragonfly Energy’s non-toxic deep-cycle
lithium-ion batteries are displacing lead-acid batteries across a
wide range of end-markets, including RVs, marine vessels, off-grid
installations, and other storage applications. Dragonfly Energy is
also focused on delivering an energy storage solution to enable a
more sustainable and reliable smart grid through the future
deployment of its proprietary and patented solid-state cell
technology. To learn more,
visit www.dragonflyenergy.com/investors.
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 this presentation to Rho Motion
attendees, 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. Factors that may impact such forward-looking statements
include, but are not limited to: the Company’s ability to recognize
the anticipated benefits of the Company’s recent business
combination with Chardan NexTech Acquisition 2 Corp. and related
transactions; the Company’s ability to successfully increase market
penetration into target 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
optimize solid state cells and 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 achieve the anticipated
benefits of its customer arrangements with THOR Industries and THOR
Industries’ affiliated brands (including Keystone RV Company); the
impact of the coronavirus disease pandemic, including any mutations
or variants thereof and/or 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, 2022 and in the
Company’s subsequent filings with the SEC.
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.media@radstrategiesinc.com
Source: Dragonfly Energy Holdings Corp.
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