Flux Power's lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Investors Hangout is a proud sponsor of "Stock Day," and Stock Day Media encourages listeners to visit the company's message board at įlux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. To hear Ron Dutt's entire interview, follow the link to the podcast here: To close the interview, Dutt encouraged listeners and shareholders to keep up-to-date on the Company's updates and current projects as they continue to expand in the growing lithium-ion space. "Our target as a manufacturing company is to get to over 30% gross margin, and we're well on our way." "We are also tackling a number of cost reduction initiatives to reduce the cost and also improve the customer experience, as well as the features we can provide to the customer," he said. "We have a long list of over 20 actions of supply chain improvements," shared Dutt. "What are some of the strategic initiatives you're currently focused on?" asked Jolly. "You have to have the ability to deliver because our proposition to these companies is a long-term relationship." "We are not yet profitable, but we are getting close to that during this period of time," said Dutt. "By selecting lithium, Fortune 500 companies can achieve a lower, all-in life cycle cost, even though the original purchase price is higher than lead acid," continued Dutt, adding that the Company is able to support companies of this size by building out an efficient and reputable infrastructure. "Though large and well capitalized, these companies are seeking ever increasing levels of efficiency, and in terms of costs as well." "By using our products, which are more efficient, companies reduce carbon dioxide," he shared. "Our strategy is to focus on large Fortune 500 companies with large fleets, who are motivated to electrify for several reasons," said Dutt. Where are industrial customers at in their focus on electrification - and where does lithium-ion fit in as the best technology for that?" asked Jolly to begin the interview. "Flux Power is a leader in the use of sustainable lithium-ion technology for the electrification of Fortune 500 companies' commercial and industrial equipment. CEO of the Company, Ron Dutt, joined Stock Day host Everett Jolly. (NASDAQ: FLUX) ("the Company"), a company that designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. March 27, 2023) - The Stock Day Podcast welcomed Flux Power Holdings, Inc.
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