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Dragonfly Energy Wins Dual Honors at 2026 SEAL Business Sustainability Awards for Breakthrough Trucking Power Solution
Globenewswire· 2026-02-04 12:30
Core Insights - Dragonfly Energy Holdings Corp. has been awarded the Sustainable Innovation Award and the Sustainable Product Award at the 2026 SEAL Business Sustainability Awards for its Battle Born® DualFlow Power Pack, which aims to reduce diesel engine idling in long-haul trucking, a significant source of fuel waste and carbon emissions [3][5]. Group 1: Product Impact - The Battle Born® DualFlow Power Pack has shown a reduction in idle hours by nearly 70%, which translates to an estimated prevention of 10–12 metric tons of CO₂ emissions per vehicle annually when deployed at scale [4]. - The DualFlow Power Pack allows truck drivers to power essential hotel loads during mandatory rest periods without running the engine, thus reducing idle time and supporting starting battery health [6]. Group 2: Company Recognition - The SEAL Business Sustainability Awards recognize companies that demonstrate measurable environmental impact through innovation and leadership, highlighting Dragonfly Energy's breakthrough approach to reducing diesel idling [5]. - Wade Seaburg, the chief commercial officer at Dragonfly Energy, emphasized that the recognition reinforces the belief that sustainability and performance can coexist, showcasing practical innovation alongside broader sustainability leadership [7]. Group 3: Company Overview - Dragonfly Energy is a leader in lithium battery technology, specializing in cell manufacturing, battery pack assembly, and full system integration, with a mission focused on the future deployment of proprietary, nonflammable, all-solid-state battery cells [10]. - The company has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed through top-tier OEMs and a diverse retail customer base [10].
Dragonfly Energy Launches Battle Born® Solar Panels Designed for Real-World Installations
Globenewswire· 2026-01-27 12:30
Core Insights - Dragonfly Energy Holdings Corp. has launched its first solar panel product line under the Battle Born brand, marking its expansion into solar generation [3][4] - The new solar panels are designed to optimize power extraction from limited space and maintain consistent output in shaded or variable-light conditions [4][5] Product Details - The Battle Born solar panel lineup includes four initial models, with the Elite Series rigid solar panels achieving high module efficiencies of up to 23 percent [4][8] - The Elite Series incorporates ShadeGuard™ anti-shading technology to enhance energy production under partial shading and inconsistent light conditions [5] - The panels are built with durable materials, including anodized aluminum frames and tempered glass, suitable for demanding environments [6] Market Positioning - The launch aims to provide customers with expanded options that align with their expectations for power systems, focusing on maximizing power output and reliability [9] - The product line is available for immediate sale through Battle Born Batteries and authorized distribution partners [9]
Dragonfly Energy Announces Distribution Partnership with National Railway Supply as AREMA Approves First Lithium Battery Standard
Globenewswire· 2025-12-10 12:30
Core Insights - Dragonfly Energy Holdings Corp. has announced a new distribution partnership with National Railway Supply LLC, marking the first time NRS will offer a lithium battery line, thereby expanding access to Dragonfly Energy's solutions in the North American rail sector [1][5] Industry Developments - The American Railway Engineering and Maintenance-of-Way Association has passed its first lithium battery Manual Part, providing engineering guidance for lithium batteries in railroad applications, which positions lithium technology alongside traditional lead-acid and nickel-cadmium technologies [2][4] - The new AREMA lithium standard allows railroad engineering teams to evaluate and deploy lithium iron phosphate (LiFePO₄) technology, which offers advantages such as thermal stability, long cycle life, and minimal maintenance, making it suitable for mission-critical environments [3][6] Company Positioning - Dragonfly Energy has played a significant role in the development of the AREMA lithium standard, which is seen as a major inflection point for the rail industry, facilitating the transition to modern energy storage solutions [4][5] - The partnership with NRS will enable immediate distribution of Dragonfly Energy's Battle Born Batteries to a nationwide customer base, with plans to feature these products at the upcoming AREMA Communication Signals and Information Technology Symposium in March 2026 [4][5] Product Advantages - Dragonfly Energy's LiFePO₄ technology is designed to meet the safety, reliability, and durability demands of rail operations, providing a modern alternative to legacy battery chemistries [5][6] - The company's proprietary dry electrode manufacturing process allows for chemistry-agnostic power solutions applicable across various sectors, including energy storage systems and electric vehicles [7]
Dragonfly Energy Expands Marine OEM Footprint with World's Largest Power Catamaran Manufacturer, World Cat
Globenewswire· 2025-12-08 12:30
Core Insights - Dragonfly Energy Holdings Corp. has expanded its partnership with World Cat, integrating Battle Born power systems into new models, specifically the 400DC-X Island dual-console model [1][4] - The successful deployment of Battle Born Batteries on the World Cat 325 DC has led to this expansion, highlighting the reliability and performance of the company's systems [2][4] - The new 400DC-X Island model features a 540Ah lithium ship's power system with a dedicated AC inverter, catering to customer demand for enhanced onboard systems [3] Company Overview - Dragonfly Energy is a leader in lithium battery technology, specializing in cell manufacturing, battery pack assembly, and full system integration [6] - The company’s Battle Born Batteries brand has established a strong presence in the market, with hundreds of thousands of battery packs deployed through top-tier OEMs [6] - Dragonfly Energy aims to advance clean energy solutions, including the development of proprietary, nonflammable, all-solid-state battery cells [6]
Dragonfly Energy Introduces Battle Born® Industrial-Grade Power Stations
Globenewswire· 2025-11-28 12:30
Core Insights - Dragonfly Energy Holdings Corp. has launched the Battle Born Power Station Series, which includes the Battle Born Power Station 3000 and Power Station Pro 5000, aimed at professional and off-grid applications [2][5] - These power stations are designed for demanding environments, providing quiet, emissions-free power with a durable, weatherproof design [3][4] - The Power Station 3000 offers 3,000 watts of continuous output and 2.5 kilowatt-hours of LiFePO₄ energy storage, while the Pro 5000 provides 5,000 watts and 5.1 kilowatt-hours of storage [4] Product Features - The Battle Born Power Station Series is engineered for environments where consumer-grade products are inadequate, ensuring reliable performance in various settings [3] - Both models are safe for indoor and outdoor use, making them suitable for remote job sites and emergency scenarios [3] - The units eliminate the need for fuel, fumes, and routine engine maintenance, offering a long-term alternative to traditional gas and diesel generators [3] Market Positioning - The launch of these industrial-grade power stations positions Dragonfly Energy as a leader in the portable power market, particularly in applications where dependable power is crucial [5] - Pre-orders for the new models are currently available with special pricing, and initial shipments are expected to begin in Q1 2026 [5] 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 [7][8] - The company employs a patented dry electrode manufacturing process, enabling it to produce chemistry-agnostic power solutions for various applications [8]
Dragonfly Energy Reports Third Quarter 2025 Results
Globenewswire· 2025-11-14 21:05
Core Insights - Dragonfly Energy reported strong financial results for Q3 2025, with net sales and adjusted EBITDA exceeding guidance, driven by a 44% growth in OEM sales [1][2] - The company successfully completed three public offerings, raising approximately $90 million, which significantly improved its financial position and reduced outstanding debt [2][3] - The gross margin expanded by 710 basis points year-over-year, reaching 29.7%, attributed to higher volumes, favorable product mix, and cost optimization initiatives [4][5] Financial Performance - Net sales increased by 25.5% year-over-year to $15.967 million, with OEM sales growing by 44.3% to $10.679 million [3][4] - Gross profit rose by 65.0% to $4.736 million, while operating expenses decreased slightly to $8.514 million [4][5] - The net loss for the quarter was $(11.070) million, compared to $(6.779) million in the prior year, with adjusted EBITDA improving to $(2.137) million from $(5.456) million [4][5][33] Market Position and Outlook - The company is experiencing increased adoption of its products among RV OEMs, validating its value proposition in the premium offerings market [2][3] - Dragonfly Energy anticipates fourth-quarter net sales of approximately $13.0 million, representing a year-over-year growth of about 7% [7] - The company is focused on expanding its partnerships in the RV market and adjacent markets, alongside growing its patent portfolio to strengthen its competitive advantage [2][3]
Dragonfly Energy to be Granted U.S. Patent Strengthening Dragonfly IntelLigence® Battery Communication Technology IP
Globenewswire· 2025-10-15 11:30
Core Insights - Dragonfly Energy Holdings Corp. has received a Notice of Allowance from the USPTO for a new patent, enhancing its Dragonfly IntelLigence battery communication technology and expanding its intellectual property portfolio [1][2][3] Company Developments - The newly allowed patent pertains to a multi-battery system that utilizes wireless devices to share information over a connected mesh network, improving system awareness and reliability [2] - The CEO of Dragonfly Energy emphasized that this patent represents a significant advancement in connected battery technology, enabling batteries to communicate directly and creating a more adaptive energy ecosystem [3] - The company is committed to advancing American battery technology and manufacturing, focusing on innovation in cell manufacturing, battery pack design, and system intelligence [3][5] Product and Technology - Dragonfly Energy specializes in lithium battery technology, including cell manufacturing and full system integration, with its Battle Born Batteries brand being a leader in the industry [5] - The company employs a patented dry electrode manufacturing process that allows for chemistry-agnostic power solutions applicable in various sectors, including energy storage systems and electric vehicles [5]
Dragonfly Energy Collaborates with PACCAR on Whitepaper Addressing Lithium-Powered Solutions to Reduce Idling and Fuel Costs in Trucking
Globenewswire· 2025-10-09 11:30
Core Insights - Dragonfly Energy Holdings Corp. has published a whitepaper in collaboration with PACCAR Inc. focusing on reducing idling and fuel costs for commercial fleets [1][2] - The whitepaper evaluates lithium-powered idle-reduction solutions, highlighting their performance and operational benefits compared to traditional diesel-powered systems [2][4] Company Overview - Dragonfly Energy is a leader in lithium battery technology, specializing in cell manufacturing and battery pack assembly, with a strong presence in the energy storage market [6] - The company’s Battle Born Batteries brand has established a reputation for reliability, with hundreds of thousands of battery packs deployed [6] Whitepaper Findings - The whitepaper presents data showing significant reductions in fuel consumption and emissions through the use of lithium-powered idle-reduction technologies [4][7] - Key outcomes include improved driver comfort and safety, lower maintenance costs, and extended engine life due to reduced idle wear [7] Collaboration with PACCAR - The partnership with PACCAR allowed for rigorous testing of lithium-powered solutions at the PACCAR Technical Center, validating their performance under challenging conditions [2][3] - The collaboration emphasizes the importance of operational efficiency and maximizing asset utilization for fleets [3]
Dragonfly Energy Stock Falls After 100% Move
Yahoo Finance· 2025-10-06 15:43
Core Viewpoint - Dragonfly Energy Holdings Corp is experiencing a decline in share price following the announcement of a public offering of 20 million shares at $1.25 each, aiming to raise approximately $25 million in gross proceeds [1][5]. Group 1: Public Offering Details - The company has priced its underwritten public offering at $1.25 per share, with a total of 20 million shares being offered, which is expected to generate around $25 million before fees and expenses [1]. - Underwriters have a 30-day option to purchase an additional 3 million shares at the same price, excluding underwriting discounts and commissions [1]. Group 2: Use of Proceeds - The proceeds from the offering will be utilized for working capital and general corporate purposes, including repaying $4 million under its term loan [3]. - The company plans to fund initiatives that generate near-term revenue and advance next-generation battery technologies, particularly focusing on scaling its dry electrode process and solid-state battery development [3]. Group 3: Stock Performance - Dragonfly's shares have seen a significant increase of 423.1% over the past month, but are still down 55.2% year-to-date, despite a 117.6% increase in the last six months [5]. - Following a 100% jump in share price due to funding announcements, the stock was down 23.21% at $1.45 at the time of publication [5].
Dragonfly Energy to be Awarded Nevada Tech Hub Funding to Advance Battery Manufacturing and Workforce Development
Globenewswire· 2025-10-02 11:30
Core Insights - Dragonfly Energy Holdings Corp. has been selected for funding by the Nevada Tech Hub to enhance its lithium battery manufacturing capabilities and workforce development [1][2][3] - The funding, approximately $300,000, will support modernization initiatives aimed at improving efficiency and reducing costs [3][8] - The company plans to expand its skilled workforce through training and hiring initiatives, contributing to Nevada's lithium battery ecosystem [4][5] Company Overview - Dragonfly Energy specializes in lithium battery technology, including cell manufacturing and battery pack assembly, and is known for its Battle Born Batteries brand [7][9] - The company utilizes a patented dry electrode manufacturing process, allowing for versatile power solutions across various applications [9] Industry Context - Nevada Tech Hub is part of a national initiative to strengthen the lithium battery supply chain and critical materials ecosystem [2][10] - The program aims to create a closed-loop lithium economy in Nevada, encompassing extraction, processing, manufacturing, and recycling [10]