Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy”
or the “Company”), an industry leader in energy storage and maker
of Battle Born Batteries™, is the newest member of the Battery
Materials and Technology Coalition (“BMTC”). The BMTC is a
continental alliance of member companies united behind a shared
interest in growing a resilient and sustainable North American
battery supply chain.
“By joining the BMTC and partnering with the
coalition’s other industry leaders during this rapidly growing
global battery economy, we continue to drive meaningful
conversations and make significant contributions toward the
evolution of the energy storage sector,” said Dominic Sinnott,
director of government affairs at Dragonfly Energy. “We are proud
to become a member of this remarkable coalition dedicated to
solidifying North America’s critical role in the global battery
ecosystem.”
Membership in the BMTC aligns with Dragonfly
Energy’s vision of providing revolutionary solutions to the battery
industry and further positioning Nevada as the lithium capital of
North America. The Company’s battery products are designed and
assembled in the United States, and the company is headquartered in
Nevada — home to one of the largest lithium resources in the
world.
“The future success of North America’s energy
storage industry depends on our ability to champion innovation and
secure the supply chains that power our way of life,” said Ben
Steinberg, spokesperson of the BMTC. “Having Dragonfly Energy join
our effort is a natural partnership. Our members are established
companies that represent every stage of the North American battery
supply chain and we are pleased to welcome them and to add Nevada
to our coalition footprint.”
With the addition of Dragonfly Energy, BMTC
members now have facilities in 26 states and four Canadian
provinces. The Company joins other industry leaders involved in the
mining, extraction, processing and recycling of battery materials,
as well as those that develop cathode, anode, cell, pack and
battery technology enhancements.
“Dragonfly Energy’s innovative battery
technology, manufacturing processes and research efforts are all
making significant contributions to the energy storage sector,” Dr.
Vick Singh, director of research and development at Dragonfly
Energy, said. “By adding our voice to BMTC, we look forward to
helping shape North America’s energy policies and supporting the
battery ecosystem’s growth, while ensuring Nevada’s strategic
importance in this critical supply chain is also recognized.”
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 dragonflyenergy.com/investors.
About the Battery Materials and
Technology Coalition The Battery Materials &
Technology Coalition (BMTC) is comprised of companies in the
critical material and battery sectors. BMTC companies are united
behind a shared interest in growing a resilient and sustainable
North American battery supply chain. Consisting of companies that
mine, extract, process, manufacture, and recycle battery materials,
as well as develop cathode, anode, cell, pack, and battery
technologies, BMTC members are committed to ensuring that
governments and private industry across North America seize the
opportunity to secure the supply chains that electrify our economy
and power our way of life. For more information, visit
batterymaterials.org.
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 involvement with the
Coalition, 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. Such factors include those set forth in the sections
entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in the Company’s Annual Report on Form
10-K for the year ended December 31, 2022, and in the Company’s
subsequent filings with the SEC available at www.sec.gov. 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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