Dragonfly Energy Powers Highway Transport's Fleet with Battle Born All-Electric APUs
Dragonfly Energy (Nasdaq: DFLI) is partnering with Highway Transport to integrate the Battle Born All-Electric APU into their fleet of over 500 trucks. This lithium-ion battery system provides auxiliary power for trucks, allowing operation of HVAC and electronics while the engine is off. The system is expected to reduce fuel costs and increase sustainability through emission reductions.
Highway Transport's commitment aligns with their Green Treads sustainability initiative. Initial trials have shown promising results, with the APU demonstrating the ability to power hotel loads for 12-16 hours, even in extreme heat. This partnership marks a significant step for Dragonfly Energy in penetrating the commercial trucking industry with lithium power solutions, potentially paving the way for wider adoption in the sector.
Dragonfly Energy (Nasdaq: DFLI) sta collaborando con Highway Transport per integrare il Battle Born All-Electric APU nella loro flotta di oltre 500 camion. Questo sistema a batteria agli ioni di litio fornisce energia ausiliaria per i camion, consentendo il funzionamento di HVAC ed elettronica mentre il motore è spento. Si prevede che il sistema riduca i costi del carburante e incrementi la sostenibilità attraverso la riduzione delle emissioni.
Il impegno di Highway Transport è in linea con la loro iniziativa di sostenibilità Green Treads. I primi test hanno mostrato risultati promettenti, con l'APU che dimostra la capacità di alimentare i carichi di hotel per 12-16 ore, anche in condizioni di caldo estremo. Questa partnership segna un passo significativo per Dragonfly Energy nell'entrare nell'industria del trasporto merci con soluzioni di energia a litio, aprendo potenzialmente la strada a una maggiore adozione nel settore.
Dragonfly Energy (Nasdaq: DFLI) se asocia con Highway Transport para integrar el Battle Born All-Electric APU en su flota de más de 500 camiones. Este sistema de batería de iones de litio proporciona energía auxiliar para los camiones, permitiendo el funcionamiento de HVAC y electrónicos mientras el motor está apagado. Se espera que el sistema reduzca los costos de combustible y aumente la sostenibilidad mediante la reducción de emisiones.
El compromiso de Highway Transport está alineado con su iniciativa de sostenibilidad Green Treads. Las pruebas iniciales han mostrado resultados prometedores, con el APU demostrando la capacidad de alimentar cargas hoteleras durante 12-16 horas, incluso en condiciones de calor extremo. Esta asociación marca un paso significativo para Dragonfly Energy en penetrar en la industria del transporte comercial con soluciones de energía de litio, posiblemente allanando el camino para una adopción más amplia en el sector.
드래곤플라이 에너지 (Nasdaq: DFLI)가 하이웨이 트랜스포트와 협력하여 500대 이상의 트럭을 운영하는 차량에 배틀 본 올-일렉트릭 APU를 통합합니다. 이 리튬 이온 배터리 시스템은 트럭에 보조 전력을 제공하여 엔진이 꺼져 있을 때도 HVAC 및 전자 장비를 작동할 수 있습니다. 이 시스템은 연료 비용을 줄이고 지속 가능성을 높일 것으로 기대됩니다.
하이웨이 트랜스포트의 약속은 그들의 그린 트레드 지속 가능성 이니셔티브와 일치합니다. 초기 시험에서는 APU가 극한의 열에서도 12-16시간 동안 호텔 부하를 전력할 수 있는 능력을 입증하여 유망한 결과를 보여주었습니다. 이 파트너십은 드래곤플라이 에너지가 리튬 전력 솔루션으로 상업용 트럭 산업에 진입하는 중요한 이정표가 되며, 이 분야에서의 광범위한 채택을 위한 길을 열어줄 가능성이 있습니다.
Dragonfly Energy (Nasdaq: DFLI) s'associe à Highway Transport pour intégrer le Battle Born All-Electric APU dans sa flotte de plus de 500 camions. Ce système de batterie lithium-ion fournit une puissance auxiliaire pour les camions, permettant le fonctionnement de la climatisation et de l'électronique pendant que le moteur est éteint. Le système devrait réduire les coûts de carburant et augmenter la durabilité grâce à une réduction des émissions.
L'engagement de Highway Transport s'inscrit dans le cadre de son initiative de durabilité Green Treads. Les premiers tests ont montré des résultats prometteurs, l'APU démontrant sa capacité à alimenter des charges d'hôtels pendant 12 à 16 heures, même par temps de chaleur extrême. Ce partenariat marque une étape significative pour Dragonfly Energy dans son entrée sur le marché du transport commercial avec des solutions d'énergie au lithium, ouvrant potentiellement la voie à une adoption plus large dans le secteur.
Dragonfly Energy (Nasdaq: DFLI) kooperiert mit Highway Transport, um das Battle Born All-Electric APU in ihre Flotte von über 500 Lastwagen zu integrieren. Dieses Lithium-Ionen-Batteriesystem liefert Hilfsenergie für Lkw und ermöglicht den Betrieb von HVAC und Elektronik, während der Motor ausgeschaltet ist. Es wird erwartet, dass das System die Kraftstoffkosten senkt und die Nachhaltigkeit erhöht durch die Reduzierung von Emissionen.
Das Engagement von Highway Transport steht im Einklang mit ihrer Nachhaltigkeitsinitiative Green Treads. Erste Tests haben vielversprechende Ergebnisse gezeigt, wobei das APU die Fähigkeit demonstriert, Hotelbelastungen 12-16 Stunden lang zu versorgen, selbst bei extremer Hitze. Diese Partnerschaft stellt einen bedeutenden Schritt für Dragonfly Energy dar, um mit Lithium-Energie-Lösungen in die kommerzielle Lkw-Industrie vorzudringen, was potenziell den Weg für eine breitere Adaption in der Branche ebnen könnte.
- Partnership with Highway Transport to integrate Battle Born All-Electric APU into a fleet of over 500 trucks
- Expected reduction in fuel costs for Highway Transport
- Increased sustainability through emission reductions
- Demonstrated ability to power hotel loads for 12-16 hours in extreme conditions
- Potential for wider adoption in the commercial trucking sector
- None.
Insights
The partnership between Dragonfly Energy and Highway Transport represents a significant development in the commercial trucking industry. With Highway Transport's fleet of over 500 trucks transitioning to Dragonfly's Battle Born All-Electric APUs, this deal could potentially boost Dragonfly's revenue and market share considerably. The adoption of this technology by a major player like Highway Transport may encourage other fleet operators to follow suit, potentially
However, investors should note that while this partnership is promising, its financial impact remains uncertain. The article doesn't provide specific figures on the deal's value or its potential contribution to Dragonfly's bottom line. Additionally, the long-term success of this venture will depend on factors such as the product's performance, cost-effectiveness and the rate of adoption in the broader trucking industry.
Dragonfly Energy's Battle Born All-Electric APU represents a significant technological advancement in the trucking industry. The LiFePO4-based system offers several key advantages:
- Ability to power hotel loads for 12-16 hours, even in extreme heat
- Zero emissions and no engine idling noise
- Recharges during drive time, maximizing efficiency
These features address critical pain points in the industry, such as driver comfort, fuel efficiency and environmental impact. The positive feedback from both executives and drivers suggests that the product is meeting real-world needs effectively. However, investors should monitor the long-term performance and reliability of these units, as widespread adoption will depend on consistent results across various operating conditions.
While this partnership signals positive momentum for Dragonfly Energy, the financial implications remain unclear. The article doesn't provide specific figures on the deal's value, expected revenue, or impact on Dragonfly's financial performance. Investors should look for more concrete financial data in future earnings reports.
Key points to consider:
- Potential for recurring revenue from fleet-wide installations and retrofits
- Possible margin improvements if production scales efficiently
- Reduced fuel costs for Highway Transport could lead to stronger demand
However, the capital expenditure required for Highway Transport to implement this technology across its fleet and the timeline for full integration are important factors that aren't addressed. These elements will significantly influence the pace of revenue recognition and overall financial impact for Dragonfly Energy.
- Highway Transport, a North American leader in liquid chemical transportation, will begin integrating the Battle Born All-Electric APU into their fleet.
- The Battle Born All-Electric APU offers a comprehensive lithium iron phosphate (“LiFePO4”) based power solution that is expected to reduce Highway Transport’s fuel costs while increasing sustainability through emission reductions.
- This agreement demonstrates another major step forward for Dragonfly Energy as the Company continues to penetrate the commercial trucking industry with lithium power solutions.
RENO, Nev., Aug. 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®, is partnering with Highway Transport, a North American leader in chemical transportation, to begin integrating the Battle Born All-Electric auxiliary power unit (“APU”) into their fleet. This marks a notable move towards improved sustainability for Highway Transport, which plans to transition their fleet of over 500 trucks to a more cost-effective and environmentally friendly solution. Highway Transport is expected to install the Battle Born All-Electric APU on new tractors in addition to retrofitting current models in their fleet.
The Battle Born All-Electric APU is an advanced lithium-ion battery system that provides ample wattage to run auxiliary power on trucks, even when a truck’s engine is not running. The product grants increased comfort to drivers by allowing the operation of HVAC, appliances, and other electronics, while the truck is off. The product produces zero harmful emissions and no loud engine idling. The unit recharges during drivetime and is expected to reduce Highway Transport’s fuel costs while increasing sustainability through emission reductions.
Highway Transport's commitment to environmental responsibility is formalized in its Green Treads sustainability initiative. By partnering with Dragonfly Energy to implement the Battle Born All-Electric APU, Highway Transport is taking a concrete step towards achieving its Green Treads goals of reducing emissions, improving fuel efficiency, and enhancing driver comfort.
"At Highway Transport, sustainability and driver well-being are paramount. Dragonfly Energy's solution allows us to make significant strides on both fronts," Marshall Franklin, chief executive officer and chief financial officer for Highway Transport, said. "The added benefit of fuel cost savings further strengthens the value proposition of this partnership."
The company's pilot program and initial trials have shown promising results for fleets. The all-electric lithium iron phosphate (“LiFePO4”) based unit has demonstrated extended power delivery and reliable performance, including the ability to consistently power hotel loads for 12-16 hours, even in extreme summer heat. Highlighting the real-world benefits, Highway Transport driver William Gaines shared, "I’ve been driving for 35 years, and after installing the Battle Born All-Electric APU in my truck, I can honestly say it's amazing. My first trip after the install took me to Dallas and then down to Houston, and the system is so COOL! Pardon the pun. My industry really needed this product."
This partnership with Highway Transport marks another step forward for Dragonfly Energy's reach within the commercial trucking sector. The planned integration of the Battle Born All-Electric APU into Highway Transport’s fleet paves the way for wider adoption of the Company’s clean energy solutions, accelerating the transition towards a more sustainable transportation landscape.
"We've received immensely positive feedback on this product from both CEOs and drivers alike," said Wade Seaburg, chief revenue officer of Dragonfly Energy. "We believe our product not only has the potential to enhance customer’s financial performance but also provides benefits to both the environment and the daily user. As more fleet operators transition towards sustainability, Dragonfly Energy is ready to support this shift with our lithium power solutions, offering a win-win for all involved."
For more information about Dragonfly Energy, visit DragonflyEnergy.com. To learn more about Highway Transport, visit HighwayTransport.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 Highway Transport
Highway Transport is a family-owned provider of specialty chemical bulk transportation based in Knoxville, Tennessee. Their mission is to deliver the highest quality, safest, and most efficient tanker-hazmat transportation and logistics services. By utilizing leading-edge technology, Highway Transport saves time and money for customers while prioritizing driver safety. As a result, they have achieved a more than
To learn more about Highway Transport, visit HighwayTransport.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 Highway Transport, 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/533c3878-d810-447b-a998-7327973dc822
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