Welcome to our dedicated page for Dragonfly Energy Holdings news (Ticker: DFLI), a resource for investors and traders seeking the latest updates and insights on Dragonfly Energy Holdings stock.
Dragonfly Energy Holdings Corp. (NASDAQ: DFLI) is a pioneering manufacturer of deep-cycle lithium-ion batteries that cater to a diverse range of applications including RVs, marine vessels, and off-grid solar systems. Headquartered in Nevada, the company has established itself as a leader in the market with its innovative, non-toxic Lithium Iron Phosphate (LFP) batteries, designed to replace traditional lead-acid batteries.
The company's LFP batteries offer numerous advantages, such as being environmentally friendly, non-toxic, and not reliant on scarce or controversial metals. These batteries are highly cost-effective, provide significant weight savings, and deliver up to three times the power and five times faster charging compared to conventional batteries. They also boast a longer lifespan, lasting over ten times longer than traditional batteries, and are maintenance-free.
Dragonfly Energy has filed and holds over 85 patents, showcasing its strong commitment to research and development. The company's innovative battery technology is fundamental to its new ventures into the off-grid solar sector. Partnering with companies like Ameresco and Connexa, Dragonfly Energy is now expanding into industrial remote applications, offering self-sustaining, reliable, and scalable solar energy storage solutions.
The company is also known for its stringent safety and quality standards. Its batteries undergo rigorous testing and have received multiple certifications, including ETL Listing by Intertek Lab, and conformance to UL, CSA, and UN standards. This dedication to safety and quality allows Dragonfly Energy to seamlessly transition into new markets, setting it apart from competitors.
With the stationary battery storage market expected to reach $870 billion by 2032, Dragonfly Energy is strategically positioned to capitalize on this growth. Its diverse product line addresses various energy needs, making it a key player in the renewable energy sector. The company's Battle Born Batteries are already gaining traction in the RV industry, being adopted as standard equipment by luxury coach divisions.
Dragonfly Energy's commitment to innovation and sustainability makes it a pivotal company in the renewable energy landscape. Its focus on developing solid-state lithium-ion cells and vertically integrated energy solutions ensures it remains at the forefront of the industry.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) will announce its financial results for the fourth quarter and year ending December 31, 2022, on March 29, 2023, after market close. The earnings announcement will be followed by a conference call at 5:00 PM ET, accessible via live webcast on the company’s Investor Relations page. Dragonfly is a leader in deep cycle lithium-ion storage batteries, focusing on innovative energy storage solutions, including solid-state cell technology for smart grids. Interested parties can access the call details and future earnings archives on the company’s website.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) will release its financial results for Q4 and the year ended December 31, 2022, on March 20, 2023, after market close. This announcement will be followed by a conference call at 5:00 PM ET, where the management team will discuss the results. Investors can access a live webcast via the company’s Investor Relations page or dial in directly. Dragonfly specializes in deep cycle lithium-ion storage batteries and aims to innovate the energy storage sector through advanced technologies, including the upcoming deployment of proprietary solid-state cell technology.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announced its new Dragonfly IntelLigence™ technology, enhancing safety and monitoring for lithium power systems in the marine industry. This product line complies with the ABYC E-13 Standards, which focus on low voltage alerts and shutdown notifications. Dragonfly IntelLigence™ features include smart communication, hybrid system balancing, and remote monitoring through the Dragonfly Energy Mobile App. This innovation aims to address safety concerns associated with lithium-ion batteries while providing reliable power solutions. The products will be available in spring 2023, aligning with the upcoming industry requirements.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announced the upcoming launch of Dragonfly IntelLigence™, a new technology designed for their Battle Born Batteries, set to enhance energy storage solutions in Spring 2023. This innovative technology features mesh network connectivity for remote monitoring of battery performance via a mobile app, ensuring reliable off-grid power. Key products include the Dragonfly Wing™, a versatile and expandable storage solution using safe LiFePO4 chemistry. The launch is aimed at meeting customer demands for efficient energy management and safety in various applications.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announced it received patent US11,491,508 for a new dry powder coating process crucial for lithium-ion battery production. This innovative method enhances efficiency and cost-effectiveness in the manufacturing of all solid-state batteries, which are lighter and non-flammable. The CEO emphasized the importance of domestic battery production for grid stability. Dragonfly aims to disrupt the battery market by focusing on deep cycle storage solutions for various applications, distinguishing itself from competitors targeting the EV sector.
Dragonfly Energy Holdings Corp (Nasdaq: DFLI) successfully completed its business combination with Chardan NexTech Acquisition 2 Corp on October 7, 2022, and commenced trading on Nasdaq on October 10, 2022. The company announced its financial and operational results for the first nine months of 2022, showcasing strategic partnerships, including $15 million from Thor Industries, and ongoing advancements in lithium-ion battery technology. Dragonfly aims to revolutionize energy storage with innovative solutions, while navigating challenges like market competition and supply chain risks.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announces several executive promotions to enhance its leadership team, effective immediately. Ms. Nicole Harvey becomes Chief Legal Officer, overseeing corporate law and governance. Mr. Wade Seaburg is appointed Chief Revenue Officer, focusing on sales and business development, while Mr. Tyler Bourns is promoted to Chief Marketing Officer, bringing extensive media experience. The leadership changes come after Dragonfly's recent Nasdaq listing, following the departure of COO Sean Nichols to pursue other interests. These decisions are aimed at supporting the company's growth in energy storage solutions.
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announced its participation in the Nasdaq Opening Bell Ceremony on October 21, 2022, to celebrate its business combination closure and trading commencement on October 7, 2022. CEO Dr. Denis Phares expressed enthusiasm about going public and the company's commitment to providing lithium-ion batteries to replace lead-acid batteries across various markets. Dragonfly focuses on innovative energy storage solutions, including solid-state technology, targeting a more sustainable smart grid.
Dragonfly Energy Holdings Corp. has completed its merger with Chardan NexTech Acquisition 2 Corp, now trading under the ticker DFLI on Nasdaq. The transaction generated approximately $250 million in gross proceeds, including a $75 million loan and a $150 million equity facility. Dragonfly aims to enhance market penetration, primarily focusing on its All-Solid-State-Battery technology. The company reported revenues of $78 million in 2021 with a CAGR of 119% over three years and has achieved 17 consecutive profitable quarters.
Chardan NexTech Acquisition 2 Corp. (CNTQ) announced shareholder approval for its business combination with Dragonfly Energy Corp. during a special meeting held on October 6, 2022. Over 99.9% of votes supported the merger. CNTQ will submit the meeting results to the SEC via Form 8-K. Dragonfly Energy specializes in deep cycle lithium-ion batteries and aims to innovate energy storage solutions. This combination is expected to enhance Dragonfly's market position and technological advancements in sustainable energy solutions.
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