RENO, NEVADA. (November 17, 2022)– Battle Born Batteries, a Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”) brand, continues the Company’s mission to provide affordable and quality full power solutions to its customers by expanding the Company’s product offerings to include Sol-Ark inverter systems. Sol-Ark systems are all-in-one solar generator systems including an inverter, charge controller and a display with remote monitoring capability.
Sol-Ark products can be installed to a grid-tied, off-grid, or battery backup solar system, making them a compatible solution for Battle Born Batteries customers. The 12K Sol-Ark inverter comes packaged with everything necessary for installation and includes remote access features and an app so customers can easily monitor or make system adjustments without being onsite. Products are now available in the Battle Born Batteries online store and include the SA-5K-2P, SA-8K-N, SA-12K-N, and SA-15K-N. Bundle kits are also available. Sol-Ark products have an award-winning warranty, and Sol-Ark offers live engineering support seven days a week.
“The ability to offer our Battle Born customers Sol-Ark products expands their capabilities and gives our customers flexibility in determining how they want to use our solutions including off-grid, grid-tied or battery backup,” Bill Huss, industrial product specialist for Dragonfly Energy, said. “This is a power solution that puts customers in the driver seat. Sol-Ark is a brand known for its excellent customer support, making it a natural fit for us. With the integration of these products, we continue to bring quality, full-power solutions to our customers to truly build the power systems they want and need.”
The addition of Sol-Ark products to the Battle Born Batteries line allows the Company to put hybrid inverter systems in the hands of consumers desiring to build out complete power systems for various applications. Other product offerings by Dragonfly Energy include the Company’s complete line of lithium-ion batteries, charging components, system monitoring solutions, power system bundles, cables, accessories and more.
To learn more about Sol-Ark products, visit the Battle Born Batteries online store at BattleBornBatteries.com.
About Dragonfly Energy
Dragonfly 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 the its proprietary and patented solid-state cell technology. To learn more, visit www.dragonflyenergy.com/investors.
Forward-Looking Statements
This 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 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 retain members of its senior management team and other key personnel; the Company’s ability to maintain relationships with key suppliers including suppliers in China; the Company’s ability to maintain relationships with key customers; the Company’s ability to access capital as and when needed under its $150 million ChEF Equity Facility; the Company’s ability to protect its patents and other intellectual property; the Company’s ability to successfully optimize solid state cells and to produce commercially viable solid state cells in a timely manner or at all, and to scale to mass production; the Company’s ability to achieve the anticipated benefits of its customer arrangements with THOR Industries and THOR Industries’ affiliated brands (including Keystone RV Company); the impact of the coronavirus disease pandemic, including any mutations or variants thereof and/or the Russian/Ukrainian conflict; the Company’s ability to generate revenue from future product sales and its ability to achieve and maintain profitability; and the Company’s ability to compete with other manufacturers in the industry and its ability to engage target customers and successfully convert these customers into meaningful orders in the future. These and other risks and uncertainties are described more fully in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Registration Statement on Form S-4 relating to the business combination declared effective by the U.S. Securities and Exchange Commission the (“SEC”) on September 16, 2022, in the Company’s Current Report on Form 8-K filed with the SEC on October 7, 2022, as amended by the Amendment No. 1 to the Current Report on Form 8-K/A filed with the SEC on October 12, 2022 and the Amendment No. 2 to the Current Report on Form 8-K/A filed with the SEC on November 14, 2022, and in the Company’s 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.
MEDIA CONTACTS:
Amy Demuth / Ronele Dotson
RAD Strategies Inc.
775-323-6333 / [email protected]
