RENO, Nev., March 13, 2025 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. ("Dragonfly Energy" or the "Company") (NASDAQ:DFLI), an industry leader in energy storage and battery technology, today announced that the Company will release its financial and operational results for the fourth quarter and full year ended December 31, 2024, after market close on Monday, March 24, 2025. The earnings press release will be followed by a conference call on March 24, 2025 at 4:30 PM Eastern Time. Interested investor ...

Core Viewpoint - Dragonfly Energy has launched the Battle Born® DualFlow Power Pack, a lithium power solution aimed at enhancing efficiency and reducing costs for long-haul trucking by eliminating idling and extending starter battery life [2][5][9]. Product Overview - The Battle Born® DualFlow Power Pack is designed to provide dedicated power for hotel loads in long-haul trucks, thereby reducing strain on starter batteries and minimizing idle time [2][3]. - It features Wakespeed® Charge Control Technology, which allows the system to recharge while the truck is in motion without additional fuel consumption [3][5]. - The product is engineered for universal compatibility and can be installed under the bunk in sleeper cabs without modifications, taking less than an hour for installation [5][9]. Economic Benefits - The system offers a low price point and a return on investment (ROI) of well under a year, allowing fleets to quickly recover their investment [3][5]. - It is expected to save an average of four gallons of fuel per day by eliminating the need for idling during mandatory rest periods [9]. - The DualFlow Power Pack protects starter batteries by minimizing deep discharges, thereby extending their lifespan and reducing the risk of premature failures and costly replacements [9]. Market Positioning - The product is particularly suited for heavy-duty trucking fleets and owner-operators who do not utilize auxiliary air conditioners, making it a practical solution for current industry needs [3][4]. - Dragonfly Energy positions the DualFlow Power Pack as a form of hybrid electrification that delivers real savings and efficiency, appealing to fleets looking for immediate, cost-effective solutions [4][6]. Company Background - Dragonfly Energy Holdings Corp. specializes in lithium battery technology, including cell manufacturing and battery pack assembly, and has established itself as a leader in the industry with a strong portfolio of products [8][10]. - The company aims to advance clean energy solutions and has a mission focused on the future deployment of proprietary, nonflammable, all-solid-state battery cells [10].

Core Viewpoint - Dragonfly Energy has launched the Battle Born® DualFlow Power Pack, a lithium power solution aimed at enhancing efficiency and reducing costs for long-haul trucking by eliminating idling and extending starter battery life [2][5][9]. Product Overview - The Battle Born® DualFlow Power Pack is designed to provide dedicated power for hotel loads in long-haul trucks, thereby alleviating strain on starter batteries and reducing unnecessary engine starts [2][3]. - It features Wakespeed® Charge Control Technology, which allows the system to recharge while the truck is in motion without additional fuel consumption [3][5]. - The product is engineered for universal compatibility and can be installed under the bunk in sleeper cabs without modifications, taking less than an hour for installation [5][9]. Economic Benefits - The system offers a low price point and a return on investment (ROI) well under a year, enabling fleets to quickly recover their investment and achieve significant savings in fuel costs, battery replacements, and maintenance [3][5]. - It is estimated that the system can save an average of four gallons of fuel per day by eliminating idling during mandatory rest periods [9]. Market Positioning - The DualFlow Power Pack is positioned as a practical solution for heavy-duty trucking fleets and owner-operators, particularly those not using auxiliary air conditioners [3][4]. - Major fleets have already begun integrating the DualFlow Power Pack into their operations, recognizing its value in reducing costs and improving efficiency [6]. Company Background - Dragonfly Energy Holdings Corp. specializes in lithium battery technology, including cell manufacturing and battery pack assembly, and has established itself as a leader in the industry with a strong portfolio of products [8][10].

Core Viewpoint - Dragonfly Energy Holdings Corp. has successfully completed a debt restructuring and a capital raise, significantly enhancing its financial flexibility and liquidity [1][2][3] Debt Restructuring - The company amended its existing debt facility with senior lenders, which includes a waiver of quarterly liquidity covenant requirements through June 30, 2026, and an extension of the debt maturity date to October 7, 2027 [7] - The amendment also includes a Payment-in-Kind (PIK) interest option for 2025 and a reduction of the monthly minimum liquidity covenant to $2.5 million through March 31, 2026 [7] Capital Raise - Dragonfly Energy raised $3.5 million through a registered direct offering and private placement of Series A Convertible Preferred Stock, with a potential additional $4.5 million contingent on stockholder approval [2][4] - The company has also agreed to sell warrants to purchase up to an aggregate of $40 million in additional shares of Preferred Stock, providing further capital opportunities [2][4] Use of Proceeds - The net proceeds from the private placement will be utilized for working capital and general corporate purposes [3] Company Overview - Dragonfly Energy is a leader in energy storage and battery technology, specializing in lithium battery manufacturing and system integration [9] - The company aims to advance clean energy solutions through its proprietary, nonflammable, all-solid-state battery cells [9]

Core Insights - Dragonfly Energy Holdings Corp. has appointed AdvisIRy Partners as its new investor relations firm to enhance its communication and investor relations strategies [1][2] - The company specializes in innovative lithium-ion battery solutions for various sectors including RV, trucking, and industrial applications, and is advancing next-generation battery cell manufacturing with proprietary dry electrode technology [2][3] - Dragonfly Energy is recognized for its Battle Born Batteries brand and has established a strong presence in the lithium battery industry with a focus on domestic cell production and the development of nonflammable, all-solid-state battery cells [3] Company Overview - Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company engaged in cell manufacturing, battery pack assembly, and full system integration [3] - The company has deployed hundreds of thousands of reliable battery packs through top-tier OEMs and a diverse retail customer base, positioning itself as a frontrunner in the lithium battery industry [3] - Dragonfly Energy's patented dry electrode manufacturing process allows for chemistry-agnostic power solutions applicable in energy storage systems, electric vehicles, and consumer electronics [3] AdvisIRy Partners Overview - AdvisIRy Partners is an investor relations and corporate communications firm based in New York City, designed to deliver tangible results for corporate clients [5] - The firm combines sell-side, buy-side, and investor relations experience to provide senior-level advisory work and customized programs for a diverse client base [5]

RENO, Nev., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) ("Dragonfly Energy" or the "Company"), an industry leader in energy storage and battery technology, today announced it has appointed AdvisIRy Partners as its new investor relations firm. Chief Executive Officer, Dr. Denis Phares, stated, "Dragonfly Energy is an industry leader in providing innovative lithium-ion battery solutions across the RV, trucking, and industrial sectors. The Company is also working to revoluti ...

Core Viewpoint - Dragonfly Energy Holdings Corp. has secured a significant purchase order from Stevens Transport for its Battle Born® All-Electric APUs, marking a key partnership aimed at advancing sustainable transportation solutions in the trucking industry [1][2]. Group 1: Partnership and Commitment - Stevens Transport has committed to transitioning its entire fleet of 2,500 trucks to Dragonfly Energy's lithium power solutions, starting with 100 trucks in Q1 2025 [2]. - This partnership emphasizes the importance of hybrid electrification as a practical step towards fleet sustainability, combining combustion engines with lithium iron phosphate batteries [3][4]. Group 2: Technological Advancements - Dragonfly Energy's All-Electric APU system is designed to provide reduced emissions, cost efficiencies, and enhanced driver comfort, supporting Stevens Transport's sustainability goals [4][5]. - The advanced battery solutions from Dragonfly Energy have exceeded performance and reliability expectations during testing, setting a new standard for operational efficiency in transportation [5]. Group 3: Industry Context - The collaboration between Dragonfly Energy and Stevens Transport highlights a shift in the transportation industry towards hybrid solutions, contrasting with the focus on full electrification by many companies [3]. - This partnership serves as a precedent for sustainable innovation in the logistics sector, as more companies recognize the benefits of hybridization [4].

Core Insights - Dragonfly Energy Holdings Corp. has secured a significant purchase order for its Battle Born All-Electric APUs from Stevens Transport, a leading temperature-controlled freight carrier in North America, marking a milestone in sustainable transportation solutions [1][2] - Stevens Transport plans to transition its entire fleet of 2,500 trucks to Dragonfly Energy's lithium power solutions, starting with 100 trucks in Q1 2025, emphasizing a commitment to reducing carbon emissions and enhancing fuel efficiency [1][2] - The partnership highlights a shift towards hybrid electrification in the trucking industry, combining combustion engines with lithium iron phosphate batteries for cost-effective and sustainable fleet performance [1][2] Company Overview - Dragonfly Energy is a leader in energy storage and battery technology, specializing in lithium battery manufacturing and system integration, with a mission to advance clean energy solutions [1][2] - The company’s Battle Born Batteries brand has established a strong presence in the lithium battery market, with a focus on innovative technologies and a patented dry electrode manufacturing process [2] - Stevens Transport, based in Dallas, Texas, has over 40 years of experience in the transportation industry, specializing in temperature-controlled logistics and committed to integrating high-performance technologies [3]

RENO, Nev., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in green energy storage, today announced the publication of its inaugural Environmental, Social, and Governance (“ESG”) report. This comprehensive report underscores the Company’s commitment to sustainability, diversity, equity, and inclusion, as well as its dedication to fostering a positive impact on the environment and communities it serves. Key Highlights ...

Core Viewpoint - Dragonfly Energy Holdings Corp. announced a 1-for-9 reverse stock split of its common stock, effective November 22, 2024, to reduce the number of outstanding shares and potentially enhance the stock's marketability [1][4]. Summary by Sections Reverse Stock Split Details - The reverse stock split will convert every nine pre-split shares into one share, maintaining the par value at $0.0001 per share [2]. - The total number of shares will decrease from approximately 63.2 million to about 7.0 million [3]. - The reverse stock split will not change the authorized number of shares and will apply uniformly to all stockholders, with adjustments made for any fractional shares [2][4]. Approval and Implementation - The reverse stock split was approved by a majority of votes at the Annual Meeting of Stockholders on November 12, 2024, with the Board deciding on a 1-for-9 ratio [4]. - Equinity Trust Company, LLC will act as the exchange and transfer agent for the reverse stock split, and stockholders need not take any action if their shares are held in book-entry form or brokerage accounts [5]. Company Overview - Dragonfly Energy is a leader in lithium battery technology, specializing in cell manufacturing and battery pack assembly, with a focus on energy storage solutions [6]. - The company is known for its Battle Born Batteries® brand and has a significant presence in various applications, including energy storage systems and electric vehicles [6].