Flux Power Launches New G96-G2 High Voltage Battery for Ground Support Equipment
Flux Power Holdings (NASDAQ: FLUX) has launched its new G96-G2 High Voltage lithium-ion energy solution for ground support equipment (GSE), securing its first order from a major airline customer. The innovative 96-volt solution was developed in collaboration with Averest Inc., Flux Power's GSE sales and service provider.
The G96-G2 battery underwent rigorous testing in Europe with a leading GSE OEM partner. It is specifically designed to power heavy-duty ground support equipment like tractors, featuring built-in heaters for cold temperature operation and a battery management system (BMS) for optimal battery health monitoring.
The company expects additional purchase orders from the same major airline customer following the initial G96 shipment. This new solution aims to meet the airline industry's increasing demands for higher voltage, greater efficiency, and sustainability initiatives.
Flux Power Holdings (NASDAQ: FLUX) ha lanciato la sua nuova soluzione energetica al litio ad alta tensione G96-G2 per le attrezzature di supporto a terra (GSE), ottenendo il primo ordine da un importante cliente del settore aereo. L'innovativa soluzione a 96 volt è stata sviluppata in collaborazione con Averest Inc., fornitore di vendita e assistenza GSE di Flux Power.
La batteria G96-G2 è stata sottoposta a rigorosi test in Europa con un importante partner OEM di GSE. È progettata specificamente per alimentare attrezzature di supporto a terra pesanti come i trattori, con riscaldatori integrati per il funzionamento a basse temperature e un sistema di gestione della batteria (BMS) per un monitoraggio ottimale della salute della batteria.
L'azienda prevede ulteriori ordini di acquisto dallo stesso importante cliente aereo dopo la spedizione iniziale del G96. Questa nuova soluzione mira a soddisfare le crescenti esigenze dell'industria aerea in termini di tensione più elevata, maggiore efficienza e iniziative di sostenibilità.
Flux Power Holdings (NASDAQ: FLUX) ha lanzado su nueva solución de energía de iones de litio de alto voltaje G96-G2 para equipos de apoyo en tierra (GSE), asegurando su primer pedido de un importante cliente aéreo. La innovadora solución de 96 voltios fue desarrollada en colaboración con Averest Inc., proveedor de ventas y servicio de GSE de Flux Power.
La batería G96-G2 fue sometida a rigurosas pruebas en Europa con un socio OEM líder en GSE. Está diseñada específicamente para alimentar equipos pesados de apoyo en tierra como tractores, con calentadores integrados para operación en bajas temperaturas y un sistema de gestión de batería (BMS) para un monitoreo óptimo de la salud de la batería.
La compañía espera recibir pedidos adicionales del mismo importante cliente aéreo tras el envío inicial del G96. Esta nueva solución busca satisfacer las crecientes demandas de la industria aérea en cuanto a mayor voltaje, mayor eficiencia e iniciativas de sostenibilidad.
Flux Power Holdings (NASDAQ: FLUX)는 지상 지원 장비(GSE)를 위한 새로운 G96-G2 고전압 리튬 이온 에너지 솔루션을 출시했으며, 주요 항공사 고객으로부터 첫 주문을 확보했습니다. 혁신적인 96볼트 솔루션은 Flux Power의 GSE 판매 및 서비스 제공업체인 Averest Inc.와 협력하여 개발되었습니다.
G96-G2 배터리는 유럽에서 주요 GSE OEM 파트너와 함께 엄격한 테스트를 거쳤습니다. 이 배터리는 트랙터와 같은 중장비 지상 지원 장비에 전력을 공급하도록 특별히 설계되었으며, 저온 작동을 위한 내장 히터와 최적의 배터리 상태 모니터링을 위한 배터리 관리 시스템(BMS)을 갖추고 있습니다.
회사는 초기 G96 배송 이후 동일한 주요 항공사 고객으로부터 추가 구매 주문을 기대하고 있습니다. 이 새로운 솔루션은 항공 산업의 고전압, 높은 효율성 및 지속 가능성 요구를 충족하는 것을 목표로 합니다.
Flux Power Holdings (NASDAQ : FLUX) a lancé sa nouvelle solution énergétique lithium-ion haute tension G96-G2 pour les équipements de soutien au sol (GSE), obtenant sa première commande d'un grand client aérien. Cette solution innovante de 96 volts a été développée en collaboration avec Averest Inc., le fournisseur de ventes et de services GSE de Flux Power.
La batterie G96-G2 a été soumise à des tests rigoureux en Europe avec un partenaire OEM leader dans le domaine des GSE. Elle est spécialement conçue pour alimenter des équipements de soutien au sol lourds tels que les tracteurs, avec des chauffages intégrés pour le fonctionnement par basses températures et un système de gestion de batterie (BMS) pour un suivi optimal de la santé de la batterie.
L'entreprise prévoit des commandes supplémentaires du même grand client aérien après la première expédition du G96. Cette nouvelle solution vise à répondre aux demandes croissantes de l'industrie aéronautique en matière de tension plus élevée, d'efficacité accrue et d'initiatives de durabilité.
Flux Power Holdings (NASDAQ: FLUX) hat seine neue G96-G2 Hochvolt-Lithium-Ionen-Energielösung für Bodenunterstützungsausrüstung (GSE) auf den Markt gebracht und den ersten Auftrag von einem großen Fluggesellschaftskunden erhalten. Die innovative 96-Volt-Lösung wurde in Zusammenarbeit mit Averest Inc., dem Vertriebs- und Serviceanbieter von Flux Power für GSE, entwickelt.
Die G96-G2-Batterie wurde in Europa mit einem führenden OEM-Partner für GSE umfangreichen Tests unterzogen. Sie ist speziell dafür konzipiert, schwere Bodenunterstützungsausrüstung wie Traktoren mit Strom zu versorgen und verfügt über integrierte Heizungen für den Betrieb bei niedrigen Temperaturen sowie ein Batteriemanagementsystem (BMS) zur optimalen Überwachung des Batteriezustands.
Das Unternehmen erwartet nach der ersten Lieferung des G96 weitere Bestellungen vom selben großen Fluggesellschaftskunden. Diese neue Lösung soll den steigenden Anforderungen der Luftfahrtindustrie an höhere Spannung, größere Effizienz und Nachhaltigkeitsinitiativen gerecht werden.
- Secured first major airline customer order for the new G96-G2 battery
- Successfully developed and launched higher voltage GSE battery solution
- Additional purchase orders expected from the same airline customer
- Passed rigorous testing with leading European GSE OEM
- None.
Insights
Flux Power's new 96V battery expands their market reach into heavier GSE applications, securing first major airline customer.
The new G96-G2 high-voltage lithium-ion battery solution represents a strategic product expansion for Flux Power, specifically designed to address the power requirements for heavier airport ground support equipment like tractors. This higher voltage system opens up new market opportunities within the aviation sector that weren't previously accessible with lower-voltage offerings.
The product's technical specifications reveal thoughtful engineering for aviation environments, including built-in heaters for cold-temperature operation and a sophisticated battery management system for monitoring battery health. These features directly address the operational challenges faced in airport environments where reliability is paramount and equipment must function in variable conditions.
The development process included rigorous testing with a leading GSE OEM in Europe, demonstrating Flux Power's commitment to validation before commercial release. This partnership approach with both an OEM and Averest Inc. as a specialized sales channel creates a robust ecosystem to support successful market penetration.
For a company with Flux Power's market capitalization (
Acquisition of major airline customer validates Flux Power's GSE technology, creating potential recurring revenue stream in aviation sector.
The securing of a major airline customer represents significant market validation for Flux Power's GSE battery technology. Airlines typically maintain stringent operational requirements for ground equipment, making this customer acquisition particularly noteworthy as a proof point for the company's technological capabilities.
The aviation industry is increasingly focused on electrifying ground operations to meet sustainability targets and reduce operational costs. This 96-volt battery solution addresses a critical gap in the market by providing sufficient power for the most demanding GSE applications, particularly tractors moving heavier equipment across airport facilities.
The article specifically mentions expected future purchase orders following the initial shipment, indicating potential for an ongoing commercial relationship rather than a one-time sale. Given the standardization practices common in airline operations, successful deployment could lead to fleet-wide adoption across the customer's network.
Flux Power's strategic partnership with Averest Inc. provides an established sales channel with aviation industry expertise. This relationship likely facilitated the customer acquisition and will support implementation, creating a smoother path to adoption for additional airline customers evaluating similar GSE electrification initiatives.
While financial specifics aren't disclosed, this product launch and customer win represents meaningful progress in Flux Power's market expansion strategy, potentially opening doors to a significant industry vertical with substantial electrification needs.
Transformative Lithium-Ion Solution Brings Higher Voltage and Efficiency to Now Meet the Airline Industry’s Most Demanding GSE Applications Resulting in First Major Airline Purchase Order
Averest Inc., Flux Power's trusted GSE sales and service provider, played a pivotal role in the collaboration and development of the high voltage energy solution driven by customer need, leveraging both Flux Power’s and Averest’s electric solutions expertise and strong commitment to customer satisfaction to design and deploy a new solution to power the GSE industry.
During the design phase the G96-G2 lithium-ion energy solution was sent to
“With the launch of the G96-G2 lithium-ion energy solution, Flux Power is delivering an advanced lithium-ion solution that meets the increasing demands for higher voltage, greater efficiency, and sustainability initiatives within the airline sector,” said Kelly Frey, Chief Revenue Officer of Flux Power.
“The launch of the G96-G2 lithium-ion energy solution is a game-changer for airline ground support,” said Michael Hole, Director of Global Sales and Marketing at Averest, Inc. “This higher voltage and higher capacity solution provides our customers with the extended runtime and power they need for the most demanding GSE applications without compromising on efficiency or sustainability. This is another notable example of how Flux Power continues to innovate to meet the evolving needs of the aviation industry.”
Flux Power's G96-G2 lithium-ion energy solution, featuring sizes of diverse power capabilities, built-in heaters to perform in cold temperatures, and a battery management system (BMS) to monitor and optimize battery health, is specifically designed to meet the rigorous demands of industrial applications, providing reliable, high-performance energy storage with a focus on safety and sustainability. Future purchase orders from this major airline customer are expected to follow the initial G96 shipment.
About Averest, Inc.
Averest partners with leading manufacturers of industrial batteries and chargers who have the ability to produce products that meet our customer’s specific requirements. Focusing solely on the aviation industry, Averest is able to expertly recommend customized electric power solutions for every situation. Averest is on the forefront of new charging and battery technologies such as lithium batteries and high efficiency rapid charging systems. Averest, Inc. is leading the way towards a cleaner environment by offering technically sound electric power solutions which replace internal combustion engines in airline ground support equipment. For more information, please visit https://averest.co/.
About Flux Power Holdings, Inc.
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.
Forward-Looking Statements
This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Accordingly, statements are not guarantees of future results. Some of the important factors that could cause Flux Power’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: risks and uncertainties, related to Flux Power’s business, results and financial condition; plans and expectations with respect to access to capital and outstanding indebtedness; Flux Power’s ability to comply with the terms of the existing credit facilities to obtain the necessary capital from such credit facilities; Flux Power’s ability to raise capital; Flux Power’s ability to continue as a going concern. Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, cancellation of purchase orders, deferral of shipments, Flux Power’s ability to improve its gross margins, or achieve breakeven cash flow or profitability, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to obtain the necessary funds under the credit facilities, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products, and changes in pricing. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of operations, financial condition and performance will not differ materially from the results of operations, financial condition and performance reflected or implied by these forward-looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.
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FAQ
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