Dragonfly Energy Publishes 2023/2024 ESG Report Highlighting Commitment to a Sustainable Future and Diversity in its U.S. Workforce

Core Viewpoint - Dragonfly Energy Holdings Corp. has published its inaugural Environmental, Social, and Governance (ESG) report, highlighting its commitment to sustainability, diversity, and positive community impact [1][2]. Group 1: ESG Report Highlights - The company’s dry electrode manufacturing process reduces energy consumption by 71% and carbon footprint by 9% compared to conventional methods, while eliminating toxic solvents and producing PFAS-free electrodes [2]. - Dragonfly Energy's lithium iron phosphate (LiFePO4) battery packs are designed with non-toxic, cobalt-free materials, ensuring safety and sustainability with exceptional cycle life [2]. - The workforce comprises 40% racial and ethnic minorities, with a promotion rate exceeding 25%, reflecting the company's commitment to diversity and employee development [2]. - The company engages with local and national initiatives, partnering with educational institutions and non-profits to foster community impact [2]. - Dragonfly Energy adheres to high ethical standards under a diverse Board of Directors, ensuring transparency and accountability in its business practices [2]. Group 2: Company Overview - Dragonfly Energy specializes in lithium battery technology, including cell manufacturing and battery pack assembly, and is recognized for its Battle Born Batteries® brand [4]. - The company is at the forefront of domestic lithium battery cell production, utilizing a patented dry electrode manufacturing process for various applications, including energy storage systems and electric vehicles [4]. - The overarching mission of the company is to deploy proprietary, nonflammable, all-solid-state battery cells in the future [4].