flux power holdings inc (FLUX:OTC US)
flux power holdings inc (FLUX) Snapshot
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Open
$0.40
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Previous Close
$0.31
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Day High
$0.45
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Day Low
$0.31
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52 Week High
06/22/12 - $2.35
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52 Week Low
05/1/13 - $0.30
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Market Cap
14.6M
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Average Volume 10 Days
2.0K
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EPS TTM
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Shares Outstanding
47.3M
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EX-Date
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Flux Power, Inc. develops and manufactures lithium energy storage solutions to wind, solar, and backup power markets. It offers lithium battery cells; battery management system modules that monitor real-time cell data and transmit to the battery control module; battery management system module, a battery balancing and monitoring system; chargers; battery control module, a power-measurement processor for storage system; and handheld diagnostic unit, a handheld instrument that displays critical system information allowing the user to access necessary information and monitor overall system health. The company’s products have applications in electric vehicles, utility companies, and governments and businesses; and specialty vehicles and applications, including industrial forklifts, off-road vehicles, boats, golf carts, carry-all utility vehicles, and low-speed vehicles. Its products are available through a network of dealers in the United States. The company is based in Escondido, California.
Last Reported Date: 09/28/12
flux power holdings inc (FLUX) Top Compensated Officers
flux power holdings inc (FLUX) Key Developments
Flux Power Holdings Inc. announced two successful implementations of its recently introduced LiFT Pack solutions in commercial pilot programs. Flux Power specifically engineered the LiFT Pack 250Ahe-24V for Class III lift trucks, known as "walkies" and is earning high praise for the duration of its charge and the elimination of maintenance in two separate beverage distribution applications. Toyotalift Inc., the top source for forklifts, aerial lifts, cranes and utility vehicle sales and rentals in Arizona and Southern California, selected two of its high volume customers to test Flux Power's battery pack: Crescent Crown Distributing, one of the top ten large beer distributors in the country and Kalil Bottling Company, one of the large distributors of soft drinks, teas and waters throughout Arizona, parts of New Mexico, the Durango area of Colorado and the El Paso area of Texas. The packs were installed in a Toyota electric pallet-jack or walkie, which is typically used for moving pallets either in a distribution center, or on and off of delivery trucks. In both of these implementations, Flux Power's LiFT Pack 250Ahe-24V demonstrated its ability to outperform and outlast premium lead-acid batteries. Customers also praised the battery pack for its ability to significantly reduce the time and space required for maintenance, as well as the lighter weight of the equipment resulting in improved mobility. In the first implementation, the LiFT Pack 250Ahe-24V was used by Crescent Crown Distributing in delivery trucks. The pallet jack equipment was used to load and unload large quantities of beer on and off refrigerated trucks into customer's warehouses and stores. The equipment operator noted that during his eight hour shift, pallets weighing more than 2,000 pounds were lifted and moved. After a complete overnight charge, Flux's LiFT Pack 250Ahe-24V battery pack contained over 85% of the original charge at the end of the shift. Because of the efficiency of the pack, fewer charge cycles are required during the week thereby extending the life of the pack. In the second implementation, the LiFT Pack 250Ahe-24V was used by Kalil Bottling Company to continuously move product in their warehouse and distribution center. Kalil's business model requires heavy, continuous use of the walkie with infrequent and short windows for charging. The LiFT Pack 250AHe-24V delivered enough power to easily complete both shifts using partial capacity of the battery, allowing for the ability to fully recharge in the window provided before the next shift began.
Flux Power Holdings Inc. introduced the first product in its new line of LiFT(TM) Pack solutions. The LiFT(TM) Pack 250Ahe-24V is an advanced lithium battery pack that is proven to outperform and outlast premium lead-acid batteries. Based on soft-packed, electrolyte-starved LiFePO4 rechargeable pouch cell technology, the LiFT Pack 250Ahe-24V is ideal for large energy storage systems used in the material handling equipment industry. This 24V LiFT Pack was designed specifically for the material handling lift equipment market. In particular, the LiFT Pack 250Ahe-24V was developed for Class III lift trucks, known as walkies. This class of equipment is typically used for moving pallets either in a distribution center, or on and off of delivery trucks. The pack has been sized dimensionally so that it will fit a broad range of walkie manufacturer battery enclosure sizes and, as a result, is designed as a universal application. The first pilot production units of the LiFT Pack are slated for use in walkies for food and beverage distribution centers. The LiFT Pack product line lasts much longer than a typical lead-acid battery, which means fewer battery replacements are needed over the life of the equipment, resulting in a much reduced cost of ownership for customers. Battery pack is also equipped with a dripless sealed cell technology that eliminates acid exposure and the threat of damage to the facility, the equipment, and the staff. As a result, watering batteries is a thing of the past with new LiFT Packs. The time once spent servicing batteries can be redirected to other critical tasks, increasing customer's productivity and reducing maintenance costs.
Flux Power Holdings Inc. announced that it has developed a technology that can learn and adapt to the changes that occur at the cell level within a battery pack over time. This innovative, patent-pending technology will enable Flux to provide its customers with advanced energy storage solutions that can adapt to a changing environment to increase usable energy and cycle life while decreasing charge times. In any advanced energy storage system there is a tendency for individual cells to have different characteristics, such as energy storage capacity and discharge rates. These differences are caused by many variables, such as temperature, material impurities, surface contamination, and age. These variences can also change over the life of a cell and such changes can also vary from one cell to the next. The failure of any individual cell can cause substantial damage to the entire battery system and accompanying equipment. Therefore, monitoring an individual or group of cells is critical to preventing overcharging and overdischarging of cells. Current battery management systems (BMS) utilize a system of voltage set-points to identify 'out of balance' groups of battery cells. With this information, operators are notified of an 'out of balance' condition or the system can choose to add power to or take power away from a certain group of cells. As energy storage systems become larger, more sophisticated management platforms need to be developed in order to maximize usage and efficiency. Flux Power's advanced technology provides a new management methodology that doesn't simply react to inconsistent voltage conditions, but intuitively manages each cell in an advanced energy storage system. The proprietary algorithms of the technology preemptively identify cell metrics to ensure accelerated balancing, charging and adapt the control of each cell in a battery system over time. This feature ultimately widens the total usable energy in a given storage system while providing a significant volume of information at any given point during an individual cell's life. The key benefit of this technology is its ability to recognize and adapt to the degradation of each cell in a battery pack through a comparative analysis of various perimeters, including the other cells within the battery pack and historical data regarding the cell. Furthermore, this technology can provide Flux's customer with real cell degradation data while being application agnostic. It will serve as a base for all of the company's advanced energy storage systems for solar, wind, back-up power, and EV (electric vehicle) applications.
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Industry Analysis
FLUX
Industry Average
| Valuation | FLUX | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 4.0x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 3.7x |
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