Articles from Flux Power Holdings, Inc.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal fourth quarter and year ended June 30, 2024.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced the appointment of Kelly Frey, a seasoned global sales and marketing executive, as Chief Revenue Officer of the Company, replacing Tod Kilgore who has announced his retirement effective January 31, 2025. Mr. Kilgore will remain with Flux Power in a consulting role as mutually agreeable to help facilitate the transition.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that on November 20, 2024, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (“Form 10-Q”) and its Annual Report on Form 10-K for fiscal year ended June 30, 2024 (“Form 10-K”), with the Securities and Exchange Commission (“SEC”).

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that its Chairman and Chief Executive Officer, Ron Dutt, intends to retire from the Company. The Company’s Board of Directors is executing a comprehensive succession plan and search to identify the next CEO with the assistance of a nationally recognized search firm. Mr. Dutt will remain in his roles until the search for his successor is complete.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today provided an update regarding its previously discussed restatement process and subsequent SEC filings for the fiscal fourth quarter and year ended June 30, 2024, and the fiscal first quarter ended September 30, 2024.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that on October 16, 2024, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, with the Securities and Exchange Commission (“SEC”).

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced a strategic partnership with one of the top forklift original equipment manufacturers (OEMs) to launch a new private label battery program. This collaboration marks a significant milestone for Flux Power’s S-Series line, which now includes products with the coveted UL Type EE certification, meeting the stringent demands of top-tier customers.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment today announced that it has identified $1.7 million of excess and obsolete inventory primarily related to product innovation and design of our products during a period of rapid growth over the last several years. As a result, the Company will restate previously issued financial statements for fiscal year 2023 and the interim periods of fiscal year 2024. The inventory write-down is a non-cash charge and will not impact cashflow. However, as a part of the restatement process, the Company may include additional adjustments other than inventory that may be identified during its review. The Company also expects that its $16 million revolving credit facility with its financing partner Gibraltar Business Capital remains available subject to meeting certain lending criteria under the Loan Agreement.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, is proud to announce a new partnership aimed at enhancing the recycling process for end-of-life lithium-ion batteries with the largest critical battery components recycling company in the U.S. This collaboration represents a significant step forward in Flux Power’s ongoing commitment to environmental responsibility.

Flux Power Holdings, Inc. (NASDAQFLUX), 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.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will host an investor day on Wednesday, August 7, 2024, from 9:15 a.m. PT to 1:15 p.m. PT at its company headquarters and manufacturing facility in Vista, California.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will attend the iAccess Alpha Best Ideas Summer Conference being held virtually June 25 - 26, 2024.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal third quarter ended March 31, 2024.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will hold a conference call on Thursday, May 9, 2024 at 4:30 p.m. Eastern Time to discuss its results for the fiscal third quarter ended March 31, 2024. A press release detailing these results will be issued prior to the call.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced the appointment of Mark Leposky, a senior-level executive and entrepreneur, to its Board of Directors as an independent director, effective April 18, 2024. Mr. Leposky will also serve as a member of the Audit Committee, Compensation Committee, and Nominating Committee.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that they will unveil its new onboard charger option for M24 lithium-ion battery packs installed in Class III end rider and center rider forklifts, bringing more efficiency to warehouse operations.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that they will unveil its new second-generation lithium-ion battery pack for Class II narrow aisle forklifts and Class I 4-wheel counterbalance forklifts at MODEX 2024 in Hall C Booth C4085 at Georgia’s World Congress Center March 11-14.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will attend the 36th Annual ROTH Conference being held on March 17-19, 2024 at The Ritz Carlton Laguna Niguel located in Dana Point, California.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced the appointment of Kevin Royal, CPA, a seasoned finance and accounting executive, as Chief Financial Officer of the Company, replacing Chuck Scheiwe as part of a planned transition given the Company’s strong financial performance and inflection point. Mr. Scheiwe will remain with Flux Power in a consulting role for the near term to help facilitate the transition.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced it will exhibit at MODEX 2024 in Hall C Booth C4085 at Georgia’s World Congress Center March 11-14.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will attend the Baird 2024 Vehicle Technology & Mobility Conference being held virtually on February 29, 2024.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal second quarter ended December 31, 2023.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will participate in the Future of Electrification 2024 Conference taking place virtually February 7-8, 2024.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will hold a conference call on Thursday, February 8, 2024 at 4:30 p.m. Eastern Time to discuss its results for the fiscal second quarter ended December 31, 2023. A press release detailing these results will be issued prior to the call.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today issued a letter to shareholders from Ron Dutt, CEO of Flux Power.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will attend the Benchmark 12th Annual Discovery One-on-One Conference being held at the New York Athletic Club in New York City on December 7, 2023.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal first quarter ended September 30, 2023.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced a new credit facility with Cleveland Capital L.P. (“CCLP”) and provided an update on its capital structure.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will hold a conference call on Thursday, November 9, 2023 at 4:30 p.m. Eastern Time to discuss its results for the fiscal first quarter ended September 30, 2023. A press release detailing these results will be issued prior to the call.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal fourth quarter and year ended June 30, 2023.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced the Company’s exhibition at GSE EXPO 2023 will feature the energy storage and telematics platforms that are facilitating fleet-wide electrification of Ground Support Equipment.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will hold a conference call on Thursday, September 21, 2023 at 4:30 p.m. Eastern Time to discuss its results for the fiscal fourth quarter and full year ended June 30, 2023. A press release detailing these results will be issued prior to the call.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, announced today it will participate at the H.C. Wainwright 25th Annual Global Investment Conference September 11–12, 2023 and at the Lake Street Best Ideas Growth (BIG7) Conference on September 14, 2023.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it has secured a new $15.0 million credit facility from Gibraltar Business Capital (“GBC”) to fund working capital and to refinance its existing credit facility with Silicon Valley Bank (“SVB”).

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will present at the LD Micro Invitational XIII Conference being held at the Luxe Sunset Boulevard Hotel in Los Angeles, CA June 6 - 8, 2023.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal third quarter ended March 31, 2023.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced it has completed UL Solutions compliance testing to obtain third-party, science-backed certification for its next-generation clean energy battery technology. The new Flux Power G2 Series platform introduces a line of heavy-duty battery packs with safe, stable lithium iron phosphate chemistry.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has renewed the available credit under its existing facility with Silicon Valley Bank, a division of First Citizens Bank (“SVB Facility”), of $14.0 million to support higher working capital requirements related to increased customer demand.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will hold a conference call on Thursday, May 11, 2023 at 4:30 p.m. Eastern Time to discuss its results for the fiscal third quarter ended March 31, 2023. A press release detailing these results will be issued prior to the call.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced it is opening a new Atlanta facility on May 1, 2023 to supplement its customer support services in response to growth in nationwide sales of lithium-ion battery packs.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it will participate in the upcoming ProMat 2023, the material handling and logistics industry’s premier global event, taking place March 20 to 23, 2023 at the McCormick Place Convention Center in Chicago.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will host an investor and analyst day on Wednesday, March 15, 2023, from 9:30 a.m. PT to 1:45 p.m. PT at its company headquarters and manufacturing facility in Vista, California.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal second quarter ended December 31, 2022.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will hold a conference call on Thursday, February 9, 2023 at 4:30 p.m. Eastern Time to discuss its results for the fiscal second quarter ended December 31, 2022. A press release detailing these results will be issued prior to the call.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced the expansion of in-house testing and product validation capabilities with all equipment needed to satisfy UL 2580 and UN/DOT 38.3 compliance testing, including an onsite vibration table.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has expanded the available credit under its existing facility with Silicon Valley Bank (“SVB Credit Facility”). The amended agreement increases the available capacity of the facility from $8 million to $14.0 million to support higher working capital requirements related to increased customer demand.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today issued a letter to shareholders from Ron Dutt, CEO of Flux Power.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has expanded the role of Jeff Mason, Vice President of Operations, to include additional Company authority and delegation. In this role, Jeff will continue to strategically lead operations to ensure quality and efficiency in supply chain, logistics and manufacturing.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal first quarter ended September 30, 2022.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will hold a conference call on Thursday, November 10, 2022 at 4:30 p.m. Eastern Time to discuss its results for the fiscal first quarter ended September 30, 2022. A press release detailing these results will be issued prior to the call.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, announced today it will present at the MicroCap Rodeo Windy City Roundup Conference being held at the Swissotel in Chicago on October 12 - 13, 2022.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal fourth quarter and year ended June 30, 2022.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will hold a conference call on Thursday, September 22, 2022 at 4:30 p.m. Eastern Time to discuss its results for the fiscal fourth quarter and full year ended June 30, 2022. A press release detailing these results will be issued prior to the call.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced combined purchase orders from new and existing customers in excess of $64 million in the fiscal year June 30, 2022, which was more than 82% over the order volume for fiscal year June 30, 2021.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will host an investor day on Tuesday, August 2, 2022, from 9:15 a.m. PT to 1:15 p.m. PT at its company headquarters and manufacturing facility in Vista, California.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, announced today it will participate virtually in the H.C. Wainwright Global Investment Conference being held in-person and virtually May 23 – 26, 2022 and in-person at the LD Micro Invitational XII Conference June 7-9, 2022.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal third quarter ended March 31, 2022.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, will hold a conference call on Thursday, May 12, 2022 at 4:30 p.m. Eastern Time to discuss its results for the fiscal third quarter ended March 31, 2022. A press release detailing these results will be issued prior to the call.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it has launched its new high-capacity S24 (210Ah) battery pack for walkie pallet jacks at MODEX 2022, the world’s largest manufacturing and supply chain tradeshow, taking place from March 28 to 31, 2022, at the Georgia World Congress Center in Atlanta, Georgia.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it has unveiled its C48 lithium-ion battery pack for Automated Guided Vehicles (AGV) and Autonomous Mobile Robots (AMR) at MODEX 2022, the world’s largest manufacturing and supply chain tradeshow, taking place from March 28 to 31, 2022, at the Georgia World Congress Center in Atlanta, Georgia.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it has unveiled its new L36 lithium-ion battery pack for 3-wheel forklifts at MODEX 2022, the world’s largest manufacturing and supply chain tradeshow, taking place from March 28 to 31, 2022, at the Georgia World Congress Center in Atlanta, Georgia.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion energy storage solutions for electrification of industrial and commercial sectors, has reported its financial and operational results for the fiscal second quarter ended December 31, 2021.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, will hold a conference call on Thursday, February 10, 2022 at 4:30 p.m. Eastern Time to discuss its results for the fiscal second quarter ended December 31, 2021. A press release detailing these results will be issued prior to the call.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion battery packs for electrification of commercial and industrial equipment, today announced the appointment of Cheemin Bo-Linn, a global technology industry veteran, to its Board of Directors as an independent director, effective January 14, 2022. Ms. Bo-Linn will also serve as a member of the Audit Committee, Compensation Committee, and Nominating Committee. Ms. Bo-Linn’s appointment as an independent director increases the total number of board members to six, with four independent directors.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today issued a letter to shareholders from Ron Dutt, CEO of Flux Power.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, has engaged international investor relations specialists MZ Group (MZ) to lead a comprehensive strategic investor relations and financial communications program across all key markets.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today reported financial results for its first quarter of fiscal year 2022 (Q1’22).

Flux Power Holdings, Inc. (“Flux Power”) (NASDAQFLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today announced that its financial results for the First Quarter, Fiscal Year 2022 (Q1’22) will be released before the market opens on Friday, November 12, 2021.

Flux Power Holdings, Inc. (Nasdaq: FLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today announced that it has closed on its previously announced registered direct offering, priced at-the-market under Nasdaq rules, for the sale of 2,142,860 shares of its common stock and warrants to purchase up to an aggregate of 1,071,430 shares of common stock, at a purchase price of $7.00 per share and associated warrant. The associated warrants have an exercise price equal to $7.00 per share, are exercisable immediately upon issuance and expire on September 28, 2026.

Flux Power Holdings, Inc. (Nasdaq: FLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today announced that it has entered into securities purchase agreements with several institutional investors, for the purchase and sale of 2,142,860 shares of its common stock and warrants to purchase up to an aggregate of 1,071,430 shares of common stock, at a purchase price of $7.00 per share and associated warrant, in a registered direct offering priced at-the-market under Nasdaq rules. The registered direct offering is expected to close on or about September 27, 2021, subject to the satisfaction of customary closing conditions.

Flux Power Holdings, Inc. (Flux Power) (Nasdaq: FLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, reported financial results for its fourth quarter (Q4’21) and fiscal year (FY‘21) ended June 30, 2021. Flux Power will host a conference call with CEO Ron Dutt & CFO Chuck Scheiwe on Monday, September 27th at 4:30 PM Eastern Time to discuss its financial results and provide a company update.

Flux Power Holdings, Inc. (Nasdaq: FLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today reported financial results for its fourth quarter (Q4’21) and fiscal year (FY‘21) ended June 30, 2021.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today announced that on July 20, 2021, its sales order backlog reached $13.7M.

Flux Power Holdings, Inc. (NASDAQFLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today reported financial results for its third quarter of fiscal year 2021 (Q3’21).

Flux Power Holdings, Inc. (“Flux Power”) (NASDAQFLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today announced that its financial results for Q3’21 will be released before the market opens on Thursday, May 13, 2021. Flux Power will host a conference call later that day at 4:30 PM Eastern Time to discuss its financial results and provide a company update.