Flux Power Launches New High-Capacity Version of Lithium-ion Battery Pack for Walkie Pallet Jacks at MODEX 2022

Rhea-AI Summary

Flux Power Holdings, Inc. (NASDAQ: FLUX) has launched the new S24 battery pack, which now offers a capacity of 210Ah, doubling the previous 105Ah version. This high-capacity solution is designed for walkie pallet jacks, enhancing performance for demanding applications. The S24 will be showcased at MODEX 2022 from March 28 to 31, 2022 in Atlanta, Georgia. CEO Ron Dutt emphasized that this innovation aims to meet the needs of distribution centers and warehouses, providing extended power for longer shifts.

Positive

• Launch of the high-capacity S24 battery pack with 210Ah, enhancing performance.
• Showcase at MODEX 2022, increasing product visibility and potential sales.

Negative

• None.

S24 is now available with twice the capacity (210Ah) and will be showcased at Booth #C5688 at MODEX 2022

VISTA, Calif.--(BUSINESS WIRE)-- Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it has launched its new high-capacity S24 (210Ah) battery pack for walkie pallet jacks at MODEX 2022, the world’s largest manufacturing and supply chain tradeshow, taking place from March 28 to 31, 2022, at the Georgia World Congress Center in Atlanta, Georgia.

S24 Battery Pack (Graphic: Business Wire)

The S24 battery pack, which previously was only available in a 105Ah version, is now available in a high-capacity version, delivering 210Ah for extra-long and demanding shifts.

“Introducing the new high-capacity version for the S24 lithium-ion battery pack will help our customers to power their walkie pallet jacks in demanding applications that will last throughout extended shifts,” said Ron Dutt, Flux Power Chief Executive Officer. "Walkie pallet jacks are used in most distribution centers and warehouses, and we’re pleased to offer a 210Ah capacity solution that delivers even more power and performance.”

Flux Power will showcase its complete product line at booth #C5688.

About MODEX 2022

MODEX is one of the largest manufacturing and supply chain events for the year. From education to new technology, MODEX allows attendees to connect, learn, and meet with new contacts and discover the latest trends in the industry. For more information visit www.modexshow.com.

View Flux Power’s profile here

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. Such forward-looking statements include impact of COVID-19 on Flux Power’s business, results and financial condition; 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, deferral of shipments, 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 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. 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.

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/20220330005006/en/

Media & Investor Relations:

Justin Forbes

877-505-3589

info@fluxpower.com

External Investor Relations:

Chris Tyson, Executive Vice President

MZ Group - MZ North America

949-491-8235

FLUX@mzgroup.us

www.mzgroup.us

Source: Flux Power Holdings, Inc.