Flux Power Launches New G96-G2 High Voltage Battery for Ground Support Equipment | FLUX Stock News

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4 days ago
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  • Flux Power Holdings (FLUX, Financial) launches the G96-G2 high-voltage battery, securing its first major airline customer.
  • The 96-volt solution is designed to power heavy-duty ground support equipment (GSE) like tractors.
  • Additional orders are anticipated following rigorous testing with a leading European GSE OEM partner.

Flux Power Holdings, Inc. (NASDAQ: FLUX) has introduced its latest innovation, the G96-G2 high-voltage lithium-ion energy solution tailored for ground support equipment (GSE). This new 96-volt battery system is engineered to meet the rigorous power demands of heavy-duty equipment like tractors, featuring built-in heaters for cold temperature operations and an advanced battery management system for optimal battery health monitoring.

The development of the G96-G2 was a collaborative effort with Averest Inc., Flux Power's trusted GSE sales and service provider, ensuring the product is both effective and aligned with industry needs. This strategic move is set to propel Flux Power into a new market segment within the aviation industry that necessitates higher energy capabilities.

Flux Power has already secured its first order from a major airline, with expectations of additional purchase orders in the pipeline. This order signifies a significant endorsement of Flux Power's technology, underscoring the airline industry's shift towards more sustainable and efficient ground operations.

The G96-G2's rigorous testing phase took place in Europe with a leading GSE OEM partner, validating its capability to meet the high standards required by airport environments. This thorough validation process highlights Flux Power's commitment to quality and reliability before market deployment.

This launch positions Flux Power as a pivotal player in the aviation GSE market, potentially opening new avenues for growth and recurring revenue as airlines increasingly embrace electrification to meet sustainability targets.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.