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Dragonfly Energy and Bruker Partner to Accelerate Battery Technology Development

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Dragonfly Energy (DFLI) has signed a Memorandum of Understanding with Bruker (BRKR) to enhance battery technology development. The partnership combines Dragonfly's expertise in liquid and solid-state battery technology with Bruker's analytical solutions for battery research and manufacturing.

Dragonfly Energy utilizes Bruker's nuclear magnetic resonance (NMR) equipment to study lithium batteries, optimizing cell performance through their patented dry electrode process. The collaboration leverages multiple Bruker technologies including AFM, FT-IR, NMR, Raman, XRD, and XRF to advance battery development and manufacturing processes.

Dragonfly Energy (DFLI) ha firmato un Memorandum di Intesa con Bruker (BRKR) per migliorare lo sviluppo della tecnologia delle batterie. La partnership combina l'expertise di Dragonfly nella tecnologia delle batterie liquide e a stato solido con le soluzioni analitiche di Bruker per la ricerca e la produzione di batterie.

Dragonfly Energy utilizza le attrezzature di risonanza magnetica nucleare (NMR) di Bruker per studiare le batterie al litio, ottimizzando le prestazioni delle celle attraverso il loro innovativo processo di elettrodi a secco. La collaborazione sfrutta diverse tecnologie Bruker, tra cui AFM, FT-IR, NMR, Raman, XRD e XRF, per avanzare nello sviluppo e nei processi di produzione delle batterie.

Dragonfly Energy (DFLI) ha firmado un Memorando de Entendimiento con Bruker (BRKR) para mejorar el desarrollo de la tecnología de baterías. La asociación combina la experiencia de Dragonfly en tecnología de baterías líquidas y de estado sólido con las soluciones analíticas de Bruker para la investigación y fabricación de baterías.

Dragonfly Energy utiliza el equipo de resonancia magnética nuclear (NMR) de Bruker para estudiar baterías de litio, optimizando el rendimiento de las celdas a través de su proceso patentado de electrodos secos. La colaboración aprovecha múltiples tecnologías de Bruker, incluyendo AFM, FT-IR, NMR, Raman, XRD y XRF, para avanzar en el desarrollo y los procesos de fabricación de baterías.

Dragonfly Energy (DFLI)Bruker (BRKR)와 배터리 기술 개발을 강화하기 위한 양해각서를 체결했습니다. 이 파트너십은 Dragonfly의 액체 및 고체 배터리 기술 전문성과 Bruker의 배터리 연구 및 제조를 위한 분석 솔루션을 결합합니다.

Dragonfly Energy는 Bruker의 핵자기 공명(NMR) 장비를 활용하여 리튬 배터리를 연구하고, 자체 특허 제도인 건식 전극 공정을 통해 셀 성능을 최적화합니다. 이 협력은 고도화된 배터리 개발과 제조 프로세스를 위해 AFM, FT-IR, NMR, 라만, XRD 및 XRF 등 Bruker의 여러 기술을 활용합니다.

Dragonfly Energy (DFLI) a signé un protocole d'accord avec Bruker (BRKR) pour améliorer le développement des technologies de batteries. Ce partenariat associe l'expertise de Dragonfly dans les technologies de batteries liquides et à état solide avec les solutions analytiques de Bruker pour la recherche et la fabrication de batteries.

Dragonfly Energy utilise l'équipement de résonance magnétique nucléaire (NMR) de Bruker pour étudier les batteries lithium, optimisant les performances des cellules grâce à leur processus breveté d'électrodes sèches. La collaboration exploite plusieurs technologies de Bruker, y compris AFM, FT-IR, NMR, Raman, XRD et XRF, pour faire avancer le développement et les processus de fabrication de batteries.

Dragonfly Energy (DFLI) hat ein Memorandum of Understanding mit Bruker (BRKR) unterzeichnet, um die Entwicklung von Batterietechnologien zu fördern. Die Partnerschaft kombiniert Dragonflys Fachwissen in der Flüssig- und Festkörperbatterietechnologie mit Brukers analytischen Lösungen für die Batterieforschung und -herstellung.

Dragonfly Energy nutzt Brukers Kernspinresonanz (NMR) Ausrüstung, um Lithiumbatterien zu untersuchen und die Zellleistung durch ihr patentiertes Trockenelektrodenverfahren zu optimieren. Die Zusammenarbeit nutzt verschiedene Technologien von Bruker, darunter AFM, FT-IR, NMR, Raman, XRD und XRF, um die Batterientwicklung und -produktionsprozesse voranzutreiben.

Positive
  • Strategic partnership with Bruker provides access to advanced analytical equipment and expertise
  • Access to multiple cutting-edge technologies for battery research and development
  • Enhancement of battery testing and optimization capabilities through NMR technology
  • Potential improvement in manufacturing processes through advanced analytical methods
Negative
  • None.

Insights

This strategic partnership between Dragonfly Energy and Bruker represents a significant technological advancement in battery development capabilities. The collaboration gives Dragonfly access to advanced analytical tools including nuclear magnetic resonance (NMR) technology, which is important for understanding battery behavior at the molecular level. This enables more precise optimization of their proprietary dry electrode process and battery performance.

The partnership provides Dragonfly with a competitive edge in R&D capabilities, particularly important for a small-cap company ($32.6M) competing in the crowded battery technology space. Access to Bruker's comprehensive suite of analytical instruments (AFM, FT-IR, NMR, Raman, XRD, XRF) significantly enhances their research capabilities without the massive capital expenditure typically required for such equipment.

  • This strategic partnership leverages the complementary strengths of Dragonfly Energy and Bruker, bringing Dragonfly Energy’s thorough expertise in liquid and solid-state battery technology together with Bruker’s comprehensive suite of analytical solutions for battery research, development and manufacturing
  • The collaboration provides a path toward improving Dragonfly Energy’s current and next-generation battery technologies and analytical testing methods using Bruker equipment and analytical expert knowledge
  • Bruker’s involvement greatly enhances Dragonfly Energy’s in-depth scientific understanding of batteries and battery materials through advanced analytical methods based on magnetic resonance
  • Bruker greatly benefits from Dragonfly Energy's insights into the battery industry including requirements for future states of analytical testing landscapes
  • The collaboration demonstrates Dragonfly Energy’s commitment to advancing next-generation battery technologies and Bruker’s commitment to providing the battery industry value added R&D toolkits and turn-key solutions for manufacturing affiliated environments

RENO, Nev., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in energy storage and maker of Battle Born Batteries®, announced today it has signed a Memorandum of Understanding (MOU) with Bruker (Nasdaq: BRKR), a leader in analytical instrumentation and method development and manufacturing, to collaborate and significantly improve current and next-generation battery technology and battery materials. This strategic partnership leverages the complementary strengths of each company, bringing Dragonfly Energy’s thorough expertise in liquid and solid-state battery technology together with Bruker’s comprehensive suite of analytical solutions for battery research, development, and manufacturing. This collaboration enhances Dragonfly Energy’s scientific understanding of batteries and advanced battery materials through Bruker’s cutting-edge magnetic resonance methods, driving advancements in battery technology and sustainable manufacturing processes and the development of next-generation batteries

"To stay at the forefront of technology and energy storage, our experts need the best tools available, and Bruker provides them," said Dr. Vick Singh, SVP of Technology at Dragonfly Energy. "Partnering with Bruker equips our team for success and drives us toward innovative energy storage solutions, ultimately facilitating our mission of widespread deployment of cost-effective energy storage both on and off the grid."

Dragonfly Energy uses Bruker’s nuclear magnetic resonance (“NMR”)-based equipment to study lithium batteries at a fundamental level. Through NMR, battery scientists can pull electrolyte samples at various points during the lifetime of a battery for multiple measurements, helping to optimize the performance of cells produced using the Company’s patented dry electrode process. Numerous technologies among Bruker’s extensive product portfolio have been utilized in Dragonfly’s advancements with lithium battery cells, including AFM, FT-IR, NMR, Raman, XRD, and XRF, among others.

“We are looking forward to an ongoing partnership with Dragonfly Energy as together we continue to drive battery technology forward,” said Dr. Joerg Koehler, Senior Director of Cleantech, Industrial, and Applied Markets at Bruker. “Combining the most advanced analytical instrumentation with lab automation and modern robotics streamlines the connectivity to new and existing workflows at R&D and manufacturing. Bruker’s unique software solutions for analytical data interpretation enhance method harmonization and result comparability throughout global organizations. Finally, the connectivity to IoT and data management layers ensures the dataflow and supports evidence-based decision making for efficiency optimized manufacturing. Leveraging both key areas of expertise, battery cell chemistry and analytical solution development we believe will ultimately redefine renewable energy storage.”

For more information about Dragonfly Energy, visit DragonflyEnergy.com. To learn more about Bruker, visit Bruker.com.

About Dragonfly Energy

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company's overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit www.dragonflyenergy.com/investors.

About Bruker Corporation (Nasdaq: BRKR)
Bruker provides a comprehensive suite of advanced analytical solutions tailored for every stage of the battery life cycle, from raw material analysis to recycling and data management. Bruker’s high-performance scientific instruments and software applications support research, development, manufacturing, and quality control, delivering critical insights into material properties, structural integrity, and chemical composition. For more information, please visit www.bruker.com.

Forward-Looking Statements
This 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 its partnership with Bruker BioSpin, 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, 2023, 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
Caldwell Bailey
ICR, Inc.
DragonflyIR@icrinc.com

Media Relations
Amy Demuth, RAD Strategies Inc.
dragonfly@radstrategiesinc.com

Source: Dragonfly Energy Holdings Corp.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af5b8794-cbfb-4ec8-b19a-b458f8b1d670


FAQ

What is the purpose of Dragonfly Energy's (DFLI) partnership with Bruker?

The partnership aims to improve current and next-generation battery technology development by combining Dragonfly Energy's battery expertise with Bruker's analytical solutions.

What technologies will Dragonfly Energy (DFLI) use through the Bruker partnership?

Dragonfly Energy will utilize multiple Bruker technologies including NMR, AFM, FT-IR, Raman, XRD, and XRF for battery research and development.

How will Dragonfly Energy (DFLI) benefit from Bruker's NMR technology?

The NMR technology allows Dragonfly Energy to study lithium batteries at a fundamental level and optimize cell performance through their patented dry electrode process.

Dragonfly Energy Holdings Corp.

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