Dragonfly Energy Joins Nevada Battery Coalition as a Founding Member; Granted Seat on Board of Directors

• Dragonfly Energy joins the Nevada Battery Coalition (NBC) as a founding member, and was granted a seat on its board of directors
  
• The NBC is dedicated to realizing the full potential of the lithium battery supply chain in Nevada and strengthening the state’s position as a leading battery center in North America
• Dragonfly Energy joins other energy industry-leading founding members on the NBC, including Panasonic Energy, Ioneer, Aqua Metals, Lithium Americas, and Comstock Inc., among others
• Nevada Senator Catherine Cortez Masto applauds the formation of the NBC and continues to champion Nevada’s clean energy future

RENO, Nev., July 24, 2023 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), maker of Battle Born Batteries and an industry leader in energy storage, joins the Nevada Battery Coalition (“NBC” or the “Coalition”) as a founding member. The Company also was granted a seat on NBC’s board of directors, which will be occupied by Dragonfly Energy’s Chief Marketing Officer Tyler Bourns. Dominic Sinnott, Director of Government Affairs at Dragonfly Energy, will also participate as a member in the organization.

The creation of the NBC was announced during the Nevada Clean Energy & Transportation Conference, in February 2023. The Coalition’s goal is to provide critical support to Nevada’s emerging lithium battery industry through economic development, industry promotion, workforce training and growth, and public awareness.

“Nevada is at the forefront of the global clean energy economy, and companies like Dragonfly Energy and the other founding members of the Nevada Battery Coalition are creating good-paying jobs and helping our state continue to lead the way in strengthening our domestic lithium supply chain,” said Senator Cortez Masto. “Through my Innovation State Initiative, I’ve championed policies to drive Nevada’s clean energy future, and I’ll keep working with this valuable coalition to support our state and its workers, innovators, and businesses.”

Dragonfly Energy joins other industry leaders as founding members of the Nevada Battery Coalition, including Panasonic Energy (a subsidiary of Panasonic Holdings Corp, OTCMKTS: PCRFY), Ioneer (Nasdaq: IONR, ASX: INR), Aqua Metals (Nasdaq: AQMS), Lithium Americas (TSX and NYSE: LAC), and Comstock Inc. (NYSE: LODE), among others.

“As a lithium-ion battery manufacturer that endeavors to power the lives of people every day, Dragonfly Energy is proud to be among the energy industry leaders invited to join the NBC,” Bourns said. “As Nevada seeks to become the lithium capital of North America, we recognize the value this region brings to the global lithium battery supply chain, and we’re ready to do our part to empower our state’s future growth in this critical industry.”