Flux Power Provides Update on Major Orders from Leading Airlines, Signaling Continued Industry-Wide Shift to Sustainable GSE Solutions
Flux Power Holdings (NASDAQ: FLUX) reports significant growth in airline industry orders for its lithium-ion energy storage solutions. Six new large North American airlines have placed orders worth over $6 million in the last calendar year for G-Series lithium-ion solutions to electrify their Ground Support Equipment (GSE) fleets across 7 North American locations.
The company has secured approximately $20 million in total GSE orders, demonstrating the industry's shift from lead acid and fossil fuel-powered equipment to lithium-ion solutions. The orders include Flux Power's 80-volt G80 series batteries and SkyEMS integrated telematics Cloud Software Platform for bag tractors and pushback tractors.
Averest Inc., Flux Power's GSE sales and service provider, facilitated these partnerships through their electric solutions expertise. The transition aligns with airlines' sustainability initiatives and carbon-reduction strategies, offering improved operational efficiency and lower emissions.
Flux Power Holdings (NASDAQ: FLUX) riporta una crescita significativa negli ordini dell'industria aerea per le sue soluzioni di stoccaggio energetico al litio. Sei nuove grandi compagnie aeree nordamericane hanno effettuato ordini per un valore superiore a 6 milioni di dollari nell'ultimo anno solare per le soluzioni al litio della serie G, destinate a elettrificare le loro flotte di attrezzature di supporto a terra (GSE) in 7 località nordamericane.
L'azienda ha assicurato circa 20 milioni di dollari in ordini totali di GSE, dimostrando il passaggio dell'industria da attrezzature alimentate a piombo e combustibili fossili a soluzioni al litio. Gli ordini includono le batterie della serie G80 a 80 volt di Flux Power e la piattaforma software Cloud integrata SkyEMS per trattori per bagagli e trattori di rimorchio.
Averest Inc., fornitore di vendite e servizi GSE di Flux Power, ha facilitato queste partnership grazie alla loro esperienza nelle soluzioni elettriche. La transizione è in linea con le iniziative di sostenibilità delle compagnie aeree e le strategie di riduzione delle emissioni di carbonio, offrendo una maggiore efficienza operativa e minori emissioni.
Flux Power Holdings (NASDAQ: FLUX) informa sobre un crecimiento significativo en los pedidos de la industria aérea para sus soluciones de almacenamiento de energía de iones de litio. Seis nuevas grandes aerolíneas norteamericanas han realizado pedidos por un valor superior a 6 millones de dólares en el último año calendario para las soluciones de iones de litio de la serie G, destinadas a electrificar sus flotas de Equipos de Soporte en Tierra (GSE) en 7 ubicaciones en Norteamérica.
La empresa ha asegurado aproximadamente 20 millones de dólares en pedidos totales de GSE, demostrando el cambio de la industria de equipos alimentados por plomo y combustibles fósiles a soluciones de iones de litio. Los pedidos incluyen las baterías de la serie G80 de 80 voltios de Flux Power y la plataforma de software en la nube integrada SkyEMS para tractores de equipaje y tractores de remolque.
Averest Inc., proveedor de ventas y servicios de GSE de Flux Power, facilitó estas asociaciones a través de su experiencia en soluciones eléctricas. La transición se alinea con las iniciativas de sostenibilidad de las aerolíneas y las estrategias de reducción de carbono, ofreciendo una mayor eficiencia operativa y menores emisiones.
플럭스 파워 홀딩스 (NASDAQ: FLUX)는 리튬 이온 에너지 저장 솔루션에 대한 항공 산업 주문의 상당한 성장을 보고했습니다. 여섯 개의 새로운 대형 북미 항공사가 지난 회계 연도 동안 7개의 북미 지역에서 지상 지원 장비(GSE) 함대를 전기화하기 위해 G 시리즈 리튬 이온 솔루션에 대해 600만 달러 이상의 주문을 했습니다.
회사는 약 2000만 달러의 총 GSE 주문을 확보하여 산업이 납산 및 화석 연료 기반 장비에서 리튬 이온 솔루션으로 전환하고 있음을 보여줍니다. 주문에는 플럭스 파워의 80볼트 G80 시리즈 배터리와 수하물 트랙터 및 푸시백 트랙터용 SkyEMS 통합 텔레매틱스 클라우드 소프트웨어 플랫폼이 포함됩니다.
플럭스 파워의 GSE 판매 및 서비스 제공업체인 Averest Inc.는 전기 솔루션 전문성을 통해 이러한 파트너십을 촉진했습니다. 이 전환은 항공사의 지속 가능성 이니셔티브 및 탄소 감소 전략과 일치하며, 운영 효율성을 향상하고 배출량을 줄이는 데 기여합니다.
Flux Power Holdings (NASDAQ: FLUX) annonce une croissance significative des commandes dans l'industrie aérienne pour ses solutions de stockage d'énergie lithium-ion. Six nouvelles grandes compagnies aériennes nord-américaines ont passé des commandes d'une valeur de plus de 6 millions de dollars au cours de la dernière année civile pour les solutions lithium-ion de la série G, destinées à électrifier leurs flottes d'équipements de soutien au sol (GSE) dans 7 localités nord-américaines.
L'entreprise a sécurisé environ 20 millions de dollars de commandes GSE au total, démontrant le passage de l'industrie des équipements alimentés au plomb et aux combustibles fossiles vers des solutions lithium-ion. Les commandes comprennent les batteries de la série G80 à 80 volts de Flux Power et la plateforme logicielle Cloud intégrée SkyEMS pour les tracteurs à bagages et les tracteurs de remorquage.
Averest Inc., fournisseur de ventes et de services GSE de Flux Power, a facilité ces partenariats grâce à son expertise en solutions électriques. La transition s'aligne avec les initiatives de durabilité des compagnies aériennes et les stratégies de réduction des émissions de carbone, offrant une efficacité opérationnelle améliorée et des émissions réduites.
Flux Power Holdings (NASDAQ: FLUX) berichtet von einem signifikanten Wachstum bei den Bestellungen in der Luftfahrtindustrie für seine Lithium-Ionen-Energiespeicherlösungen. Sechs neue große nordamerikanische Fluggesellschaften haben im letzten Kalenderjahr Bestellungen im Wert von über 6 Millionen Dollar für G-Serie Lithium-Ionen-Lösungen aufgegeben, um ihre Bodenunterstützungsgeräte (GSE) an 7 nordamerikanischen Standorten zu elektrifizieren.
Das Unternehmen hat insgesamt etwa 20 Millionen Dollar an GSE-Bestellungen gesichert, was den Wandel der Branche von bleihaltigen und fossil betriebenen Geräten hin zu Lithium-Ionen-Lösungen demonstriert. Zu den Bestellungen gehören die 80-Volt G80-Serie Batterien von Flux Power und die integrierte Telematik-Cloud-Softwareplattform SkyEMS für Gepäcktraktoren und Pushback-Traktoren.
Averest Inc., der Verkaufs- und Serviceanbieter von Flux Power für GSE, hat diese Partnerschaften durch ihre Expertise in elektrischen Lösungen ermöglicht. Der Übergang steht im Einklang mit den Nachhaltigkeitsinitiativen der Fluggesellschaften und den Strategien zur Reduzierung von Kohlenstoffemissionen und bietet eine verbesserte Betriebseffizienz und geringere Emissionen.
- Secured $6 million in new orders from six large North American airlines
- Total GSE orders reached approximately $20 million
- Geographic expansion to 7 new North American locations
- Additional orders expected throughout 2025
- None.
Insights
Flux Power's announcement reveals significant revenue momentum in the airline GSE market with
The company's mention of
What's particularly notable is the validation from six large North American airlines implementing Flux's solutions across seven locations. This customer diversification reduces concentration risk while providing references for further industry adoption. The partnership with Averest for sales and service creates an effective channel strategy for scaling their airline business.
For a small-cap company like Flux, securing major airline customers represents a significant competitive achievement that could establish them as a standard within the industry's electrification transition. The regulatory and sustainability tailwinds mentioned should provide a multi-year growth opportunity as airlines progressively convert their GSE fleets.
Orders Reflecting Growing Trend of New Airline Customers Totaled over
These new airline customers purchase orders totaling over
Averest Inc., Flux Power's trusted GSE sales and service provider, played a pivotal role in securing partnerships with these large airlines through their electric solutions expertise and strong commitment to customer satisfaction.
These purchase orders included Flux Power’s innovative 80-volt, G80 series batteries and Flux Power’s SkyEMS integrated telematics Cloud Software Platform that provides advanced data analysis capabilities, empowering customers with actionable insights for fleet optimization and operational efficiency. These batteries will power a range of essential ground support equipment including bag tractors and pushback tractors as part of the customers’ fleet electrification strategy.
“The growing list of airlines that have adopted our lithium-ion solutions during the past year speaks volumes about the shift toward electrification in ground support operations,” said Krishna Vanka, CEO at Flux Power. “As regulatory pressures increase and airlines commit to and execute upon their long-term sustainability goals, we are proud to be at the forefront of the transition with our proven, high-efficiency energy solutions.”
“We’ve seen firsthand how the airline industry is accelerating its shift to sustainable ground support operations,” said Michael Hole, Director of Global Sales and Marketing at Averest. “We’re proud to help airlines transition their GSE fleets to Flux Power’s clean, reliable lithium-ion energy solutions.”
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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Source: Flux Power Holdings, Inc.
FAQ
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