FLUX Featured in “Wide World of Stocks” Interview Online
CEO of Lithium Battery Innovator, Flux Power(R) Featured in “Wide World of Stocks” Interview Online
VISTA, CA–(Marketwired – August 06, 2014) –
Flux Power Holdings, Inc. (OTCQB: FLUX), an innovator in advanced lithium energy storage systems, announced the availability of an interview with its CEO, Ron Dutt, on Wide World of Stocks, an online financial channel.
Damon Roberts, host of the Wide World of Stocks, stated, “It is was a pleasure to speak with Ron Dutt and to learn about the tremendous advantages that Flux lithium battery packs have over lead-acid batteries, both in performance and cost. They do seem to have developed the ‘Holy Grail’ of environmentally friendly and cost effective power alternatives, and Ron’s impressive business background makes him an ideal leader for the Company. Flux’s initial target market, the forklift industry, had worldwide sales of $30 billion and 944,000 machines in 2013, providing substantial opportunity for Flux and an interesting company for our viewers to follow.”
Roberts added, “We’re excited to let our subscribers hear early on about an innovative company that for the first time in history is breaking the near monopoly that lead-acid battery technology has had for decades in industrial markets. Flux’s patented battery management technology allows it to combine multiple lithium packs into solutions that power far larger applications.”
Ron Dutt, CEO, commented, “Flux has successfully completed numerous high profile pilot tests of our LiFT Pack battery with customers managing large forklift fleets. Feedback from these pilots and initial sales has been uniformly positive, especially so within the food and beverage industries where we are working with several prominent national brands. We are working hard to convert this very encouraging level of initial feedback interest into significant orders over the coming quarters.
“Our batteries are now in use in over 18 states by a variety of customers including those that oversee hundreds of forklifts across multiple locations. These companies can improve productivity and save substantial sums by switching to our alternate power solution instead of existing lead-acid batteries or far higher cost fuel cell alternatives. We are working to secure and announce initial purchase orders with a few of these globally- or nationally-known brands in the coming months. Such orders will further validate for other prospective customers what we already know, that our LiFT Pack battery is the best performing, most efficient and most cost effective storage solution available in the market today.”
Flux Power is seeking to raise investor awareness about the company, its progress and the growing attention its innovative battery solutions are earning. Flux has launched a corporate blog, participates in regular media interviews, conducts quarterly shareholder calls and looks to present at investor conferences for professional and individual investors in the coming months.
About Wide World of Stocks: (www.wideworldofstocks.com)
Wide World Of Stocks is a print and digital content provider with multi-channel integration including: television, webinars, webcasts, podcasts and a magazine in both digital and print formats. Damon Roberts is a Radio, Television & Infomercial host, seen on major networks across the country, including NBC in New York, Direct TV and Dish Network, Pursuit Channel on Direct TV and numerous other Direct Response advertisements. Since 2009 he has been the host of Wide World of Stocks, a paid programming infomercial that has been seen in 50+ million homes, including regionally and nationally on America One and ION.
About Flux Power Holdings, Inc. (www.fluxpwr.com)
Flux Power develops and markets advanced lithium-ion energy storage systems (‘batteries’) based on its proprietary battery management system (BMS) and in-house engineering and product design. Flux storage solutions deliver improved performance, extended cycle life and greater return on investment than legacy solutions. Flux sells direct and through a growing base of distribution relationships. Products include advanced battery packs for motive power in the lift equipment, tug and tow and robotics market, portable power for military and entertainment applications and stationary power for grid storage. Flux Power has approximately 93.3 million basic shares outstanding.
This release contains certain “forward-looking statements” relating to Flux’s business, that are often identified by the use of “believes,” “expects” or similar expressions. Forward-looking statements involve risks and uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include the development and success of new products, distribution partnerships and business opportunities and the uncertainties of customer acceptance of new products. Actual results could differ from those projected due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update these statements or the reasons why actual results could differ from those projected. Although the beliefs, plans, expectations and intentions in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar.
Flux, Flux Power and associated logos are trademarks of Flux Power, Inc.
Media and Investor Relations:
Catalyst Global LLC
Eric Lentini or Chris Eddy