Flux Power Holdings, Inc.

Flux Power Holdings, Inc. designs, develops, manufactures, and sells advanced lithium-ion energy storage solutions. These solutions are used for the electrification of various industrial and commercial sectors, including material handling and airport ground support equipment (GSE). The company's mobile energy storage solutions offer a reliable, high-performing, cost-effective, and more environmentally friendly alternative to traditional lead-acid and propane-based solutions. Their modular and scalable design enables different configurations of lithium-ion energy storage solutions to be combined with a proprietary wireless battery management system. This system provides the necessary energy storage and real-time monitoring of pack performance. Flux Power's strategy focuses on meeting the growing demand for lithium-ion energy solutions and becoming a preferred supplier for large companies with energy storage needs. They have established selling relationships with customers operating large fleets of forklifts and GSE. The company invests in research and development to expand its product mix, enhances sales and marketing efforts, improves customer support, and boosts production efficiencies. Their research and development efforts aim to provide adaptable, reliable, and cost-effective energy storage solutions. Flux Power holds two patents, with another patent pending, for advanced technology in lithium-ion energy storage solutions. This technology is designed to increase battery life by optimizing the charging cycle, provide users with a better understanding of battery health in use, and apply artificial intelligence to predictively balance cells for optimal performance. The material handling sector represents their largest area of penetration.