Dragonfly Energy Named Business of the Year at Nevada Business Awards

RENO, Nev., May 08, 2024 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in green energy storage and maker of Battle Born Batteries, received the Spirit of Nevada award at the annual Nevada Business Awards presented by Nevada Business magazine.

The Nevada Business Awards recognize Nevada businesses for their contributions to the state and honor the top companies for their resilience and longevity, those that are new, and those that demonstrate support of the community. Eight categories range from micro-enterprises to Business of the Year, and nominations in each category are made and awarded separately in Northern and Southern Nevada. Dragonfly Energy was nominated in the Spirit of Nevada/Business of the Year category.

“It’s an honor to receive this award and be named among the standout Nevada businesses that have come before us,” Dr. Denis Phares, Dragonfly Energy CEO, said. “We founded Dragonfly Energy in Nevada for many practical reasons, but also because we saw a welcoming and supportive business community here that has been essential to our success and growth. We look forward to the ongoing collaboration with Nevada leaders and businesses and to continuing to foster the growth of the lithium economy in Nevada and the U.S.”

Dragonfly Energy is an industry leader in lithium-ion battery technology with an increasingly strong market presence in numerous industries. Currently designing and assembling lithium batteries at their Reno facility, the Company plans to manufacture lithium battery cells domestically using a patented and environmentally friendly process, helping to reduce America’s reliance on foreign supply chains and supporting the circular lithium economy in Nevada.

About Dragonfly Energy
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company's overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.