24/7 Market News Snapshot 30 Jul 2024 – Dragonfly Energy Holdings Corp. Common Stock (NV) (NASDAQ: DFLI)

July 30, 2024 7:10

Press Release

DENVER, Colo., 30 July, 2024 (247marketnews.com) – (Nasdaq:DFLI) are discussed in this article.
Dragonfly Energy Holdings Corp. (DFLI) has experienced a significant surge in pre-market trading, rising from its previous close of $0.836 to $0.995, marking an impressive 20.56% increase. This uptrend, driven by a robust trading volume of 1.1 million shares, indicates strong investor interest and confidence. Analysts are closely monitoring the company’s remarkable performance in the energy sector as it continues to attract market attention.

In a strategic development, Dragonfly Energy Holdings Corp. has formed a pivotal partnership with Stryten Energy, a widely respected North American battery manufacturer. The collaboration will license Dragonfly Energy’s renowned Battle Born Batteries® brand of lithium-ion batteries to Stryten Energy, aiming to expand its global market reach.

The partnership, potentially valued at up to $30 million, allows Stryten Energy to leverage its extensive distributor and customer network to market and distribute Battle Born Batteries in various business-to-business (B2B) markets. Sectors targeted include military, automotive, marine, power sports, lawn & garden, and golf carts, positioning the brand for substantial growth.

By combining Dragonfly Energy’s cutting-edge lithium-ion battery technology with Stryten Energy’s comprehensive market presence, the agreement aims to elevate the Battle Born Batteries brand. This collaboration is expected to enhance the accessibility of high-performance energy storage solutions for businesses worldwide.

“Partnering with Stryten Energy is a crucial milestone for Dragonfly Energy. Their established distribution channels and customer base will significantly enhance the market presence of our Battle Born Batteries, promoting innovation and growth,” commented a spokesperson from Dragonfly Energy. “We are dedicated to setting new standards in the energy storage industry and meet the increasing demand for advanced, reliable power solutions.”

Stryten Energy’s integration of Battle Born Batteries into its product lineup reflects its commitment to delivering superior energy solutions across diverse industries. The partnership anticipates improved operational efficiencies, expanded market opportunities, and strengthened brand recognition globally. Dragonfly Energy continues to lead in innovation and excellence within the energy storage sector, remaining a key player to watch.

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