"When we show customers the benefits of lithium-ion as an economically viable advanced form of energy, there is a strong demand to replace lead acid batteries," Dutt said. In response to Davis' consideration of which industries are making an energy transition away from lead acid batteries, Dutt said equipment handling, notably in airport equipment, continues to primarily rely on lead acid batteries. However, we still have steady demand for lithium-ion energy storage solutions that continue to grow among our customers, and we continue to build relationships and add new, large-company customers." "Our customers are seeing supply chain shortages and increased prices for shipping and steel abate, which may have impacted their ability to replace material handling equipment. "Our business has continued unabated due to the strong demand in migration from lead acid to lithium-ion," said Dutt. Its growth, providing sustainable energy products to replace the lead acid battery packs used to power industrial and commercial equipment, has sustained through market uncertainty, with the Company in the last quarter alone adding two new large fleet customers. The Company has led in the design, manufacture, and sales of lithium battery packs for forklifts, airport equipment and more since 2009. (NASDAQ: FLUX) ("the Company"), a company that could see revenues swell towards $70 million as more Fortune 500 customers integrate its lithium-ion energy storage solutions for electrification across a range of industrial commercial applications.įlux CEO Ron Dutt joined Stock Day host Kevin Davis for an overview of the trends and issues behind a Company achieving 19 consecutive quarters of year-over-year growth providing cleaner energy solutions to power some of the largest fleets of material handling, airport ground support equipment, and stationary energy storage. May 31, 2023) - The Stock Day Podcast welcomed Flux Power Holdings, Inc.
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