RENO, Nev., Nov. 04, 2022 (GLOBE NEWSWIRE) — Dragonfly Energy Holdings Corp. (“Dragonfly” or the “Company”) (Nasdaq: DFLI), an trade chief in power storage and producer of deep cycle lithium-ion storage batteries, is happy to announce a number of government degree promotions to assist its strategic initiatives. The promotions can be efficient instantly, and these executives will be a part of Chief Financial Officer, John Marchetti, in offering management throughout all key capabilities of the corporate.
“I am pleased to be able to elevate so many talented professionals to Dragonfly’s executive ranks,” mentioned Denis Phares, CEO of Dragonfly Energy. “These appointments are another important milestone in Dragonfly’s continuing growth and development as a public company. The leadership and experience that each of these individuals bring to the company will help us continue to be a leader in the evolution to smart energy storage solutions that enable the widespread adoption of safe, affordable renewable energy.”
Ms. Nicole Harvey has been promoted to Chief Legal Officer, answerable for the corporate’s company legislation and governance, mental property, authorities relations, danger administration and company compliance capabilities. Ms. Harvey joined Dragonfly in 2021, bringing greater than 14 years of authorized and compliance expertise by her varied roles in private and non-private follow, together with serving as senior counsel for the Corix Group of Companies and as regulatory compliance supervisor for Harley-Davidson Financial Services.
Mr. Wade Seaburg has been promoted to Chief Revenue Officer, answerable for Dragonfly’s gross sales, business improvement and income progress and diversification efforts. Mr. Seaburg started working with Dragonfly in 2018, bringing greater than 20 years of demonstrated progress and success in client and industrial markets. Earlier in his profession, he held varied gross sales management positions at WESCO Distribution and Eaton Electrical.
Mr. Tyler Bourns has been promoted to Chief Marketing Officer. Mr. Bourns joined Dragonfly in 2021 and brings greater than 15 years of sustained success producing award-winning content material for world manufacturers. A 3-time Emmy Award winner, he has produced and filmed thought-leading content material for such acknowledged manufacturers as Panasonic, GE Energy and Terrasmart.
The enlargement of Dragonfly’s senior government staff follows the latest completion of the corporate’s public itemizing on Nasdaq.
In addition to those appointments, Dragonfly introduced that Chief Operating Officer Sean Nichols can be leaving the corporate to pursue different pursuits. Mr. Phares commented, “Sean has been critical to the growth and success of Dragonfly Energy. He and I have worked side-by-side for the last nine years and I could not have asked for a better partner, leader and friend. I wish Sean nothing but the best as he moves on to his next entrepreneurial opportunity.”
About Dragonfly
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) headquartered in Reno, Nevada, is a number one provider of deep cycle lithium-ion batteries. Dragonfly’s analysis and improvement initiatives are revolutionizing the power storage trade by modern applied sciences and manufacturing processes. Today, Dragonfly’s non-toxic deep cycle lithium-ion batteries are displacing lead-acid batteries throughout a variety of end-markets, together with RVs, marine vessels, off-grid installations, and different storage purposes. Dragonfly can also be centered on delivering an power storage answer to allow a extra sustainable and dependable sensible grid by the long run deployment of the Company’s proprietary and patented solid-state cell know-how. To study extra, go to www.dragonflyenergy.com/buyers.
Forward-Looking Statements
This press launch accommodates forward-looking statements throughout the which means of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements embody all statements that aren’t historic statements of reality and statements concerning the Company’s intent, perception or expectations, together with, however not restricted to, statements concerning the Company’s future outcomes of operations and monetary place, deliberate services and products, business technique and plans, market measurement and progress alternatives, aggressive place and technological and market traits. Some of those forward-looking statements may be recognized by way of forward-looking phrases, together with “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of those phrases or variations of them or related expressions.
These forward-looking statements are topic to dangers, uncertainties, and different components (a few of that are past the Company’s management) which might trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements. Factors that will affect such forward-looking statements embody, however should not restricted to: the Company’s capacity to acknowledge the anticipated advantages of the of the Company’s latest business mixture with Chardan NexTech Acquisition 2 Corp. and associated transactions; the Company’s capacity to efficiently improve market penetration into goal markets; the expansion of the addressable markets that the Company intends to focus on; the Company’s capacity to retain members of its senior administration staff and different key personnel; the Company’s capacity to take care of relationships with key suppliers together with suppliers in China; the Company’s capacity to take care of relationships with key prospects; the Company’s post-closing capacity to entry capital as and when wanted below its $150 million ChEF Equity Facility; the Company’s capacity to guard its patents and different mental property; the Company’s capacity to efficiently optimize strong state cells and to supply commercially viable strong state cells in a well timed method or in any respect, and to scale to mass manufacturing; the Company’s capacity to attain the anticipated advantages of its buyer preparations with THOR Industries and THOR Industries’ affiliated manufacturers (together with Keystone RV Company); the affect of the coronavirus illness pandemic, together with any mutations or variants thereof and/or the Russian/Ukrainian battle; the Company’s capacity to generate income from future product gross sales and its capacity to attain and keep profitability; and the Company’s capacity to compete with different producers within the trade and its capacity to interact goal prospects and efficiently convert these prospects into significant orders sooner or later. These and different dangers and uncertainties are described extra totally within the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” within the Company’s Registration Statement on Form S-4 referring to the business mixture declared efficient by the U.S. Securities and Exchange Commission the (“SEC”) on September 16, 2022, within the Company’s Current Report on Form 8-Ok filed with the SEC on October 7, 2022, as amended by the Amendment No. 1 to the Current Report on Form 8-Ok/A filed with the SEC on October 12, 2022, and within the Company’s subsequent filings with the SEC.
If any of those dangers materialize or any of the Company’s assumptions show incorrect, precise outcomes might differ materially from the outcomes implied by these forward-looking statements. There could also be further dangers that the Company presently doesn’t know or that it at the moment believes are immaterial that might additionally trigger precise outcomes to vary from these contained within the forward-looking statements. All forward-looking statements contained on this press launch converse solely as of the date they have been made. Except to the extent required by legislation, the Company undertakes no obligation to replace such statements to mirror occasions that happen or circumstances that exist after the date on which they have been made.
Dragonfly Contacts:
Investor Relations
Sioban Hickie, ICR, Inc.
[email protected]
