FLUX POWER HOLDINGS, INC. (OTCMKTS:FLUX) Files An 8-K Regulation FD Disclosure

FLUX POWER HOLDINGS, INC. (OTCMKTS:FLUX) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.

On February 4, 2020, Flux Power Holdings, Inc. (the “Company”) issued a press release announcing that it has received an order for several hundred ground support equipment (GSE) Packs for a global airline. The order was facilitated by Flux Power’s GSE distribution partner Averest, Inc. The nearly $6M order, on a retail basis, will be delivered in scheduled shipments throughout 2020 (subject to cancellations and/or change orders). The 80V, 300Ah lithium-ion battery packs will be deployed to power a fleet of baggage tractors at airports across North America.

Additionally, the Company announced that it has signed a Master Purchase Agreement with one of its existing Fortune 500 global heavy equipment customers. This new multi-year contract covers a broad range of lithium-ion battery packs for use in material handling equipment. The Company has been shipping packs to this customer beginning in Fall 2018, which has led to this agreement.

The Company plans to report results for its FY’20 Quarter Ending December 31, 2019 on February 11, 2020.

A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information disclosed under this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference in any filing under the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

Flux Power Holdings, Inc. Exhibit
EX-99.1 2 ex99-1.htm   Exhibit 99.1   Flux Power Accelerates Momentum with Major Order and Multi-Year Purchase Agreement   VISTA,…
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Flux Power Holdings, Inc., designs, develops and sells rechargeable advanced lithium-ion batteries for industrial uses, including UL 2771 Listed lithium-ion LiFT Pack forklift batteries. The Company offers a high power battery cell management system (BMS). Its BMS provides three functions to its battery systems: cell balancing, performed by adjusting the capacity of each cell in a storage system according to temperature, voltage, and internal impedance metrics; monitoring, performed by way of a physical connection to individual cells for monitoring voltage and performing calculations from basic metrics to determine remaining capacity and internal impedance, and error reporting, performed by analyzing data from monitoring each individual cell and making decisions on whether the individual cell or the system is operating out of normal specifications. Using its battery management technology, it offers integrated energy storage solutions or custom modular standalone systems to its clients.

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