Flux Power Partners with Major Airline for $2M Lithium Order
Flux Power Receives Significant Order for G80 Battery Packs
Flux Power Holdings, Inc. (NASDAQ: FLUX), renowned for its cutting-edge lithium-ion energy storage solutions, has impressive news to share. The company has landed a notable purchase order exceeding $2 million from a prominent airline in North America. The agreement includes the delivery of 120 units of Flux Power's newly designed G80-420 lithium-ion battery packs throughout 2025. This deal underlines the commitment of the airline to enhance operational efficiency and actively contribute to sustainability efforts through next-generation fleet readiness.
Transition Towards Sustainable Airport Operations
This order arrives amidst a crucial transition in airport operations towards data-driven, zero-emission equipment. Organizations are progressively moving away from traditional systems, championing smart investments that promise long-term value and environmental responsibility. The shift in focus to sustainable practices represents a greater awareness and responsibility toward environmental impacts.
The Momentum Behind Electrification
Krishna Vanka, CEO of Flux Power, expressed excitement about this development, stating, "This order reflects the accelerating momentum behind electrification in ground support operations. It's about more than just replacing outdated systems; it's about creating an intelligent, modular energy foundation that evolves with our customers’ needs." This statement emphasizes Flux Power's role in spearheading necessary advancements in energy technology.
Collaboration with Averest
The successful acquisition of this significant order was made possible through a strong partnership with Averest, a respected channel partner of Flux Power in the ground support equipment (GSE) sector. Averest's expertise in addressing airport fleet challenges, paired with its strong execution record, has proven vital in advancing lithium-ion adoption in busy airport environments.
Averest's Commitment to High-Performance Solutions
Jeff Barrett, President of Averest, remarked, "At Averest, we're proud to collaborate with Flux Power, delivering high-performance energy systems to our aviation customers. This order is a testament to the possibilities when two companies focus on innovation, reliability, and long-term value. We look forward to continuing to build a more sustainable future, one fleet at a time." This collaboration is a significant driver for both companies as they navigate the shift towards electrification in aviation.
The G80-420: Engineering Excellence
At the heart of this order is Flux Power's state-of-the-art G80-420 battery, specifically designed for high-intensity GSE applications such as baggage tractors and belt loaders. Its modular design not only facilitates quick field service and less downtime but also simplifies logistics. The G80-420 includes embedded telematics and diagnostics for real-time insights, predictive maintenance alerts, and data-driven optimization—tools that are vital for enhancing performance and reducing operational costs.
Flux Power’s Broader Strategy
The G80-420 is emblematic of Flux Power’s broader strategy, which emphasizes the smooth integration of intelligence, adaptability, and serviceability across its entire energy platform. By aligning technological innovation with sustainability, Flux Power is positioning itself as a leader in the market.
About Flux Power Holdings, Inc.
Flux Power is dedicated to designing, manufacturing, and selling advanced lithium-ion energy storage solutions aimed at electrifying various sectors, including material handling and airport ground support equipment. The innovative battery packs from Flux Power, equipped with a proprietary battery management system and telemetry, offer a superior alternative to traditional lead-acid and propane options. These lithium-ion solutions not only help in reducing CO2 emissions but also enhance sustainability and improve the environmental, social, and governance (ESG) metrics of fleet operations.
Frequently Asked Questions
What is the significance of the recent order for Flux Power?
The recent order is valued at over $2 million and indicates the growing demand for lithium-ion battery solutions in the aviation sector, highlighting Flux Power's innovative approach.
How does the G80-420 battery pack differ from traditional systems?
The G80-420 is designed for high-intensity applications, featuring a modular architecture that allows for quick service, reduced downtime, and real-time data-driven insights.
Who is Averest and why is it important to this deal?
Averest is a long-standing channel partner of Flux Power specializing in ground support equipment for airports, and it played a critical role in securing this purchase order.
What are the environmental benefits of using Flux Power's battery solutions?
Flux Power’s lithium-ion batteries significantly reduce CO2 emissions and promote sustainable practices in aviation ground operations.
How does Flux Power plan to continue its growth in the market?
Flux Power aims to enhance its product offerings by integrating advanced technologies and maintaining strong partnerships to meet the evolving demands of customers.
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