Dragonfly Energy Expands Executive Team
November 04 2022 - 8:15AM
Dragonfly Energy Holdings Corp. (“Dragonfly” or the “Company”)
(Nasdaq: DFLI), an industry leader in energy storage and producer
of deep cycle lithium-ion storage batteries, is pleased to announce
several executive level promotions to support its strategic
initiatives. The promotions will be effective immediately, and
these executives will join Chief Financial Officer, John Marchetti,
in providing leadership across all key functions of the company.
“I am pleased to be able to elevate so many
talented professionals to Dragonfly’s executive ranks,” said Denis
Phares, CEO of Dragonfly Energy. “These appointments are another
important milestone in Dragonfly’s continuing growth and
development as a public company. The leadership and experience that
each of these individuals bring to the company will help us
continue to be a leader in the evolution to smart energy storage
solutions that enable the widespread adoption of safe, affordable
renewable energy.”
Ms. Nicole Harvey has been promoted to
Chief Legal Officer, responsible for the company’s
corporate law and governance, intellectual property, government
relations, risk management and corporate compliance functions. Ms.
Harvey joined Dragonfly in 2021, bringing more than 14 years of
legal and compliance experience through her various roles in public
and private practice, including serving as senior counsel for the
Corix Group of Companies and as regulatory compliance manager for
Harley-Davidson Financial Services.
Mr. Wade Seaburg has been promoted to
Chief Revenue Officer, responsible for Dragonfly’s sales,
business development and revenue growth and diversification
efforts. Mr. Seaburg began working with Dragonfly in 2018, bringing
more than 20 years of demonstrated growth and success in consumer
and industrial markets. Earlier in his career, he held various
sales leadership positions at WESCO Distribution and Eaton
Electrical.
Mr. Tyler Bourns has been promoted to
Chief Marketing Officer. Mr. Bourns joined Dragonfly in
2021 and brings more than 15 years of sustained success producing
award-winning content for global brands. A three-time Emmy Award
winner, he has produced and filmed thought-leading content for such
recognized brands as Panasonic, GE Energy and Terrasmart.
The expansion of Dragonfly’s senior executive
team follows the recent completion of the company’s public listing
on Nasdaq.
In addition to these appointments, Dragonfly
announced that Chief Operating Officer Sean Nichols will be leaving
the company to pursue other interests. Mr. Phares commented, “Sean
has been critical to the growth and success of Dragonfly Energy. He
and I have worked side-by-side for the last nine years and I could
not have asked for a better partner, leader and friend. I wish Sean
nothing but the best as he moves on to his next entrepreneurial
opportunity.”
About DragonflyDragonfly Energy
Holdings Corp. (Nasdaq: DFLI) headquartered in Reno, Nevada, is a
leading supplier of deep cycle lithium-ion batteries. Dragonfly’s
research and development initiatives are revolutionizing the energy
storage industry through innovative technologies and manufacturing
processes. Today, Dragonfly’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 is also focused on
delivering an energy storage solution to enable a more sustainable
and reliable smart grid through the future deployment of the
Company’s 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 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 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
post-closing 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 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.
Dragonfly Contacts:
Investor Relations Sioban Hickie, ICR,
Inc.DragonflyIR@icrinc.com
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