Dragonfly Energy Expands Operations with New Distributor and Midwest Location

• Dragonfly Energy is establishing a new Indiana location that offers improved access to key Midwest and East Coast markets
  
• The Company has also engaged a new distributor, UFP Distribution LLC, that will serve as a fulfillment center and offer sales/light manufacturing assistance
• This expansion of process and operations marks another important milestone in the Company’s strategic growth initiatives
  

RENO, Nev., Aug. 15, 2023 (GLOBE NEWSWIRE) --  As part of its continued commitment to customer service and strategic growth, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), maker of Battle Born Batteries^TM and an industry leader in energy storage, is expanding to the Midwest. Through its partnership with a new distributor and the establishment of a Midwest office, the Company will establish a geographic foothold and streamlined access to a significant region for the RV and trucking markets; which Dragonfly Energy serves with its popular Lithium-ion battery Battle Born Batteries^TM products.

“Exceptional customer service is one of our core business values, and by expanding our footprint, we believe we can more efficiently serve our growing customer needs in the Midwest and East Coast markets,” said Dr. Denis Phares, Chief Executive Officer of Dragonfly Energy. “We already have a strong presence in the West, so this new office represents another physical milestone for our growing company.”

Located in Indiana, the Midwest Dragonfly Energy office will house senior sales members and technical support staff as well as product storage, enabling improved efficiencies and quicker shipping to the East Coast and Midwest regions.

Additionally, the Company has engaged the services of UFP Distribution LLC (Nasdaq: UFPI) (“UFP Distribution”), a subsidiary of UFP Industries. UFP Distribution will serve as a fulfillment center, perform sales support and offer light manufacturing assistance.

“This expansion of both services and location underscores our commitment to continuous improvement and diversification,” said Wade Seaburg, Chief Revenue Officer of Dragonfly Energy. “We believe that operational and process enhancements like these contribute to our continued innovation and growth and allow us to remain focused on our goal of revolutionizing the energy storage industry.”

Nevada will remain the Company's primary headquarters. To learn more about Dragonfly Energy, visit DragonflyEnergy.com.