Dragonfly Energy Launches Smart Lithium-Ion Battery Technology Dragonfly IntelLigence™
January 17 2023 - 7:30AM
Dragonfly Energy Holdings Corp. (“Dragonfly Energy” or the
“Company”) (Nasdaq: DFLI), maker of Battle Born Batteries and an
industry leader in energy storage, announces the impending launch
of Dragonfly IntelLigence™, along with a host of accompanying
products and accessories, which provide advancements in the
lithium-ion battery space for backup power and off grid energy
storage solutions.
Dragonfly IntelLigence™ technology will
provide Battle Born Batteries with reliable communication
capabilities via unique mesh network connectivity, enabling
accurate remote monitoring for entire lithium battery banks via the
Dragonfly Energy Mobile App. Customers can ensure they will have
power when they need it, with full visibility into the status of
their power system based on the ability to monitor voltage,
temperature, current load, battery health, system balance and
more.
One of the key products within the Dragonfly
IntelLigence™ family is the new Dragonfly Wing™, an expandable
power storage solution that is easy to install and configure for a
variety of energy storage applications including home, industrial
and mobile. Featuring LiFePO4 Battery chemistry, this energy
storage system is not only safe and reliable, but features a number
of new patented technologies including hybrid balancing, selectable
voltage and built-in soft start.
An extensive line of Dragonfly IntelLigence™
compatible accessories will also be available from Dragonfly
Energy, expanding the capabilities of a smart lithium battery power
system with features designed to protect and optimize the batteries
and system as a whole.
“Dragonfly IntelLigence™ technology provides
robust communication protocols with data collection and analysis to
ensure that storage solutions operate at peak performance. We
believe our new technologies expand capabilities and give customers
confidence in their power system at all times, especially as they
work toward backup and off-grid energy storage solutions," said Dr.
Denis Phares, CEO of Dragonfly Energy. “Our engineering and R&D
teams are continually working to support changing industry needs
and to provide solutions to minimize the complexity that comes with
many lithium-ion battery systems. Our new suite of products is a
direct result of identifying these needs and creating intuitive
solutions that put safety and reliability first.”
Dragonfly IntelLigence™ and accessories
will be available spring of 2023. To stay informed on Battle
Born Batteries and Dragonfly IntelLigence™ products,
visit www.DragonflyEnergy.com/dragonflyintelligence and sign
up for email notifications to be the first to know about preorders,
product launches and availability.
To learn more about Dragonfly Energy,
visit DragonflyEnergy.com.
About Dragonfly EnergyDragonfly Energy Holdings
Corp. (Nasdaq: DFLI) headquartered in Reno, Nevada, is a leading
supplier of deep-cycle lithium-ion batteries. Dragonfly Energy’s
research and development initiatives are revolutionizing the energy
storage industry through innovative technologies and manufacturing
processes. Today, Dragonfly Energy’s non-toxic deep cycle
lithium-ion batteries are displacing lead-acid batteries across a
wide range of end-markets, including RVs, marine vessels, off-grid
installations, and other storage applications. Dragonfly Energy is
also focused on delivering an energy storage solution to enable a
more sustainable and reliable smart grid through the future
deployment of its proprietary and patented solid-state cell
technology. To learn more,
visit www.dragonflyenergy.com/investors.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995. Forward-looking statements include all statements that
are not historical statements of fact and statements regarding the
Company’s intent, belief or expectations, including, but not
limited to, statements regarding the Company’s new technology,
future results of operations and financial position, planned
products and services, business strategy and plans, market size and
growth opportunities, competitive position and technological and
market trends. Some of these forward-looking statements can be
identified by the use of forward-looking words, including “may,”
“should,” “expect,” “intend,” “will,” “estimate,” “anticipate,”
“believe,” “predict,” “plan,” “targets,” “projects,” “could,”
“would,” “continue,” “forecast” or the negatives of these terms or
variations of them or similar expressions.
These forward-looking statements are subject to
risks, uncertainties, and other factors (some of which are beyond
the Company’s control) which could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements. Factors that may impact such forward-looking statements
include, but are not limited to: the Company’s ability to recognize
the anticipated benefits of the Company’s recent business
combination with Chardan NexTech Acquisition 2 Corp. and related
transactions; the Company’s ability to successfully increase market
penetration into target markets; the growth of the addressable
markets that the Company intends to target; the Company’s ability
to protect its patents and other intellectual property; and the
Company’s ability to generate revenue from future product sales and
its ability to achieve and maintain profitability. These and other
risks and uncertainties are described more fully in the Company’s
Registration Statement on Form S-4 (File No. 333-266273) relating
to the business combination declared effective by the U.S.
Securities and Exchange Commission the (“SEC”) on September 16,
2022 and any subsequent filings with the SEC.
If any of these risks materialize or any of the
Company’s assumptions prove incorrect, actual results could differ
materially from the results implied by these forward-looking
statements. There may be additional risks that the Company
presently does not know or that it currently believes are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. All
forward-looking statements contained in this press release speak
only as of the date they were made. Except to the extent required
by law, the Company undertakes no obligation to update such
statements to reflect events that occur or circumstances that exist
after the date on which they were made.
Investor Relations Sioban Hickie, ICR,
Inc.DragonflyIR@icrinc.com
Media RelationsAmy Demuth, RAD Strategies
Inc.media@radstrategiesinc.com
Source: Dragonfly Energy Holdings Corp.
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