Flux Power Announces Three Patents Pending for Advanced Lithium-ion Battery Technology

Rhea-AI Summary

Flux Power Holdings, Inc. (NASDAQ: FLUX) announced three new pending patents related to lithium-ion battery technology aimed at enhancing battery life and efficiency. The patents focus on:

• Controlling battery charge to extend lifespan.
• Assessing battery health.
• Applying AI for charge balancing.

CEO Ron Dutt emphasized that this intellectual property will strengthen their product offerings, promoting the adoption of lithium-ion battery solutions in commercial applications.

Positive

• Three new patents pending enhance product offerings.
• Patents designed to increase battery lifespan and efficiency.
• Use of AI in battery management can lead to better performance.

Negative

• None.

Flux Power Holdings, Inc. (“Flux Power”) (NASDAQ: FLUX), a developer of advanced lithium-ion industrial battery packs for commercial and industrial equipment, today announced three new patents pending on advanced technology related to lithium-ion battery packs.

The US Patent and Trademark Office has assigned serial numbers for the following patents pending:

63/116,839 - System And Method For Controlling The State Of Charge Of A Battery To Increase The Useful Life Of A Battery Pack

63/116,842 - System And Method For Determining A State Of Health Of A Battery Pack

63/116,846 - System And Method For Charge Balancing A Battery Pack Over Time

These patents are designed to 1.) increase battery life by optimizing the charging cycle, 2.) give users a better understanding of the health of their battery in use, and 3.) apply artificial intelligence (AI) to predictively balance the cells for optimal performance.

“As a technology leader, we continue to invest in new developments to accelerate the adoption of lithium-ion battery packs,” said Flux Power CEO Ron Dutt. “Our intellectual property, protected by these three patents pending, strengthens our product platform to deliver increased battery longevity and efficiency to customers who use our lithium-ion battery packs to power their equipment.”

About Flux Power Holdings, Inc.

Flux Power designs, develops, manufactures, and sells advanced rechargeable lithium-ion energy storage solutions for lift trucks and other industrial equipment including airport ground support equipment (GSE), energy storage for solar applications, and industrial robotic applications. Flux Power’s LiFT Packs, including the proprietary battery management system (BMS), provide customers with a better performing, more environmentally friendly, and lower total cost alternative, in many instances, to traditional lead acid and propane-based solutions.

Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201218005129/en/

FAQ

What are the new patents announced by FLUX?

Flux Power announced three patents pending related to controlling battery charge, assessing battery health, and AI-driven charge balancing.

How do the new patents affect FLUX's market position?

The new patents strengthen Flux Power's product platform, potentially increasing market competitiveness for lithium-ion battery solutions.

When were the new patents filed for FLUX?

The patents were announced on the date of the press release but the specific filing date is not disclosed.

What technologies do the new patents from FLUX cover?

The patents cover technologies for optimizing battery charge cycles, assessing battery health, and AI for charge balancing.