Dragonfly Energy to be awarded Nevada Tech Hub funding

Dragonfly Energy (DFLI) Holdings announced that Nevada Tech Hub, a program designed to strengthen Nevada’s lithium battery supply chain, has selected the Company for funding in its first round of awards. The contract is currently being finalized. “This award is more than just an investment in Dragonfly Energy, it is an investment in Nevada’s future,” said Dr. Denis Phares, chief executive officer of Dragonfly Energy. “As a homegrown Nevada company, we are proud to contribute to the state’s vision of becoming the nation’s center for lithium battery innovation. By modernizing our operations and expanding our skilled workforce, we believe we can both drive efficiencies that benefit our shareholders, customers, and employees by creating long-term economic growth and high-value jobs across the state. This non-dilutive capital is highly beneficial to our growth strategy.”