Flux Power Receives OEM-Approval for New L-Series L36-630|840 Ah Battery Packs for Class 1 3-Wheel Counterbalance Forklifts
July 16 2024 - 8:31AM
Business Wire
L36 Addresses Customer Demand for UL Listed
Heavy-Duty Battery Packs Optimized to Deliver Peak Performance
Featuring Patented SkyBMS Telematics and Active Cooling and Heating
for Demanding Applications
Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of
advanced lithium-ion energy storage solutions for electrification
of commercial and industrial equipment, today announced the new L36
battery pack, for Class 1 3-Wheel Counterbalance forklifts, with
630 Ah and 840 Ah capacity options was officially approved by a
major Original Equipment Manufacturer (OEM) in the material
handling industry.
This latest addition to Flux Power’s portfolio underscores the
company’s commitment to delivering reliable, efficient, and
environmentally friendly power solutions tailored to the unique
demands of the material handling sector.
“OEM approval for our L-Series: L36-630 Ah and L36-840 Ah
battery packs validates our efforts in providing top-tier
lithium-ion battery solutions that meet the rigorous standards of
the industry,” said Ron Dutt, CEO of Flux Power. “This endorsement
highlights our strong relationships and approvals with leading
material handling OEMs, and our commitment to provide them with
lower cost and high-performance lithium-ion battery products. We
are incredibly proud of our in-house engineering and software
experts who are focused on designing lithium-ion battery packs like
the L36 that are optimized for performance and safety.
“As the material handling equipment industry grows and continues
its transition from internal combustion to electric power, we
believe our plug-and-play battery packs will continue to be chosen
by OEMs for their forklifts and other equipment. With new product
launches of heavy-duty models addressing customer demand and a new
private label program for another top Forklift OEM launching this
quarter, we are highly focused on securing new customers and
supporting the migration to lithium of current customers,”
concluded Dutt.
Key Specifications of the L36 Battery
Pack:
- Voltage: 36V
- Capacity: 630 Ah & 840 Ah
- Features: Integrated heaters and cooling
- Safety Features: Integrated battery management system
(BMS) with overcharge, over-discharge, and thermal protection
- UL Listed: 2580
- Forklift: Class 1 3-Wheel Counterbalance Forklifts
The L36-630 Ah battery pack is designed to optimize performance
and efficiency in Class 1 Forklift options. This pack is built with
higher capacity options to enhance forklift operations by providing
longer run times and reducing the frequency of recharges, thereby
increasing overall productivity and efficiency. With its robust
design and advanced battery management system, it ensures superior
safety, longer lifespan, and reduced total cost of ownership
compared to traditional lead acid batteries.
About Flux Power Holdings, Inc.
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells
advanced lithium-ion energy storage solutions for electrification
of a range of industrial and commercial sectors including material
handling, airport ground support equipment (GSE), and stationary
energy storage. Flux Power’s lithium-ion battery packs, including
the proprietary battery management system (BMS) and telemetry,
provide customers with a better performing, lower cost of
ownership, and more environmentally friendly alternative, in many
instances, to traditional lead acid and propane-based solutions.
Lithium-ion battery packs reduce CO2 emissions and help improve
sustainability and ESG metrics for fleets. For more information,
please visit www.fluxpower.com.
Forward-Looking Statements
This release contains projections and other "forward-looking
statements" relating to Flux Power’s business, that are often
identified using "believes," "expects" or similar expressions.
Forward-looking statements involve several estimates, assumptions,
risks, and other uncertainties that may cause actual results to be
materially different from those anticipated, believed, estimated,
expected, etc. Accordingly, statements are not guarantees of future
results. Some of the important factors that could cause Flux
Power’s actual results to differ materially from those projected in
any such forward-looking statements include, but are not limited
to: risks and uncertainties, related to Flux Power’s business,
results and financial condition; plans and expectations with
respect to access to capital and outstanding indebtedness; Flux
Power’s ability to comply with the terms of the existing credit
facilities to obtain the necessary capital from such credit
facilities; Flux Power’s ability to raise capital; Flux Power’s
ability to continue as a going concern. Flux Power’s ability to
obtain raw materials and other supplies for its products at
competitive prices and on a timely basis, particularly in light of
the potential impact of the COVID-19 pandemic on its suppliers and
supply chain; the development and success of new products,
projected sales, cancellation of purchase orders, deferral of
shipments, Flux Power’s ability to improve its gross margins, or
achieve breakeven cash flow or profitability, Flux Power’s ability
to fulfill backlog orders or realize profit from the contracts
reflected in backlog sale; Flux Power’s ability to fulfill backlog
orders due to changes in orders reflected in backlog sales, Flux
Power’s ability to obtain the necessary funds under the credit
facilities, 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 and purchase of current and
new products, and changes in pricing. 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.
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.
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Media & Investor Relations: media@fluxpower.com
info@fluxpower.com
External Investor Relations: Chris Tyson,
Executive Vice President MZ Group - MZ North America 949-491-8235
FLUX@mzgroup.us www.mzgroup.us
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