Flux Power Announces Sales Order Backlog of $13.7M For Lithium-ion Battery Packs
July 22 2021 - 8:08AM
Business Wire
Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of
advanced lithium-ion industrial batteries for commercial and
industrial equipment, today announced that on July 20, 2021, its
sales order backlog reached $13.7M.
These battery packs, to be delivered to customers in the current
and subsequent quarters, will be used to power material handling
equipment, airport ground support equipment (GSE), and other
industrial equipment. The $13.7M in sales order backlog represents
the Company’s highest open sales orders and reflects Company’s
growing customer base and recovering status of some of its COVID
impacted customers.
“We are pleased to see a recovery in the travel industry and
repeat purchase orders from our global airline customers,”
commented CEO Ron Dutt. “We believe this sales order backlog
reflects broad customer satisfaction with our full line of
lithium-ion battery packs.”
About Flux Power Holdings, Inc. (www.fluxpower.com)
Flux Power designs, develops, manufactures, and sells advanced
lithium-ion energy storage solutions for lift trucks, airport
ground support equipment (GSE), stationary energy storage, and
other industrial and commercial applications. Flux Power’s battery
packs, including its proprietary battery management system (BMS),
provide its customers with a better performing, higher value, and
more environmentally friendly alternative as compared to
traditional lead acid and propane-based solutions.
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.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains projections and other
"forward-looking statements" relating to Flux Power’s business,
that are often identified by the use of "believes," "expects" or
similar expressions. Forward-looking statements involve a number of
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 in this press release include but is not
limited to development and success of new products, projected
sales, failure to realize sales expected from backlog of orders and
contracts; 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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210722005109/en/
Media & Investor Relations: Justin Forbes
877-505-3589 info@fluxpower.com
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