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Dragonfly Energy Enters into $30M Licensing Agreement for Battle Born Batteries Brand with Stryten Energy, a Leading North American Battery Manufacturer

Agreement to Allow for Expansion of Battle Born Batteries Products Into New Markets

Stryten Energy with Battle Born Batteries®

Expanding Market Reach through North American Partnership

Dragonfly Energy inked a $30 million Strategic Partnership with Stryten Energy, a leading North American battery manufacturer, to expand its Battle Born Batteries® brand into new markets like military, automotive, marine, power sports, lawn & garden and golf carts through brand licensing, contract manufacturing and battery pack design. Stryten Energy will leverage its vast distribution network to introduce Battle Born Batteries® branded products to new retail markets.

Focus on Sustainability

The partnership aims to establish a domestic circular economy for lithium batteries, with Stryten leveraging its existing lead battery recycling model for end-of-life Battle Born Batteries products.

Leveraging Brand Recognition for Growth

The partnership allows Stryten Energy to manufacture and distribute Battle Born Batteries under license, leveraging the brand’s strong reputation and offering its customers a trusted lithium battery solution. This agreement is expected to significantly increase brand awareness for Battle Born Batteries® and unlock tremendous growth for both companies.

Unlocking Domestic Cell Manufacturing

This agreement paves the way for future collaboration where Stryten’s numerous U.S. lithium battery initiatives could incorporate Dragonfly Energy’s cell manufacturing technology, reducing reliance on foreign suppliers and creating a vertically integrated North American lithium battery production chain.

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Stryten's extensive reach and shared commitment to innovation make this agreement a truly mutually beneficial relationship, and we're confident it will unlock tremendous growth for both companies.

Denis Phares

Chief Executive Officer, Dragonfly Energy

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This partnership creates a path for Stryten to incorporate Dragonfly Energy’s future production of lithium battery cells in North America into batteries assembled in our facilities, a critical component to establishing a strong industrial base and achieving our country’s energy independence and sustainability goals.

Mike Judd

Chief Executive Officer, Stryten Energy

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About Dragonfly Energy

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

About Stryten Energy

Stryten Energy helps solve the world’s most pressing energy challenges with a broad range of energy storage solutions across the Essential Power, Motive Power, Transportation, Military and Government sectors. Headquartered in Alpharetta, Georgia, we partner with some of the world’s most recognized companies to meet the growing demand for reliable and sustainable energy storage capacity. Stryten powers everything from submarines to subcompacts, microgrids, warehouses, distribution centers, cars, trains and trucks. Our stored energy technologies include advanced lead, lithium and vanadium redox flow batteries, intelligent chargers and energy performance management software that keep people on the move and supply chains running. An industry leader backed by more than a century of expertise, Stryten has The Energy to Challenge the status quo and deliver top-performing energy solutions for today and tomorrow. Learn more at stryten.com.

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