Dragonfly Energy Holdings Corp.

Dragonfly Energy Holdings Corp. manufactures non-toxic deep cycle lithium-ion batteries for the consumer industry, including recreational vehicles (RVs), marine vessels, industrial applications, and trucking markets. The company is also developing proprietary, patented, and disruptive battery cell manufacturing and non-flammable solid-state cell technology. Dragonfly's lithium-ion batteries are designed for modern customers who require continuous, reliable electricity for consumer electronics, connected devices, and smart appliances. The company's deep cycle lithium iron phosphate (LFP) batteries offer advantages over lead-acid batteries. LFP batteries are non-toxic, environmentally friendly, do not rely on scarce or controversial metals, and are a cost-effective storage solution. They use lithium iron phosphate (LiFePO4) as the cathode material instead of nickel or cobalt. While LFP batteries have a lower energy density, they offer a longer cycle life and slower capacity loss. LFP is also intrinsically safer than sulfide gases due to its thermal and chemical stability, making the LFP batteries less flammable. Dragonfly believes its use of LFP will continue to provide advantages as it develops solid-state cell technology, especially compared to other lithium-ion technologies that incorporate less stable components like sulfide gases. The company has transitioned from a dual-brand strategy, now selling its energy storage products and related power system components exclusively under the Battle Born® Batteries brand.