Dragonfly Energy Expands Operations with New Distributor and Midwest Location
15 August 2023 - 9:30PM
As part of its continued commitment to
customer service and strategic growth, Dragonfly Energy Holdings
Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), maker
of Battle Born BatteriesTM and an industry leader in energy
storage, is expanding to the Midwest. Through its partnership with
a new distributor and the establishment of a Midwest office, the
Company will establish a geographic foothold and streamlined access
to a significant region for the RV and trucking markets; which
Dragonfly Energy serves with its popular Lithium-ion battery Battle
Born BatteriesTM products.
“Exceptional customer service is one of our core
business values, and by expanding our footprint, we believe we can
more efficiently serve our growing customer needs in the Midwest
and East Coast markets,” said Dr. Denis Phares, Chief Executive
Officer of Dragonfly Energy. “We already have a strong presence in
the West, so this new office represents another physical milestone
for our growing company.”
Located in Indiana, the Midwest Dragonfly Energy
office will house senior sales members and technical support staff
as well as product storage, enabling improved efficiencies and
quicker shipping to the East Coast and Midwest regions.
Additionally, the Company has engaged the
services of UFP Distribution LLC (Nasdaq: UFPI) (“UFP
Distribution”), a subsidiary of UFP Industries. UFP Distribution
will serve as a fulfillment center, perform sales support and offer
light manufacturing assistance.
“This expansion of both services and location
underscores our commitment to continuous improvement and
diversification,” said Wade Seaburg, Chief Revenue Officer of
Dragonfly Energy. “We believe that operational and process
enhancements like these contribute to our continued innovation and
growth and allow us to remain focused on our goal of
revolutionizing the energy storage industry.”
Nevada will remain the Company's primary
headquarters. 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 the Company’s Midwest operations,
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.media@radstrategiesinc.com
Source: Dragonfly Energy Holdings Corp.
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