Flux Power Holdings, Inc. designs, develops, and sells rechargeable advanced energy storage systems. The company has developed a high power battery cell management system (BMS) and has structured its business around this core technology. The company’s proprietary BMS provides three critical functions to its battery systems, such as: Cell Balancing: This is performed by adjusting the capacity of each cell in a storage system according to temperature, voltage, and internal impedance metrics. This cell balancing management assures longevity of the overall system. Monitoring: This is performed by way of a physical connection to individual cells for monitoring voltage and performing calculations from basic metrics to determine remaining capacity and internal impedance. This monitoring assures accurate measurements to manage the system and assure longevity. Error Reporting: This is performed by analyzing data from system monitoring and making decisions on whether the system is operating out of normal specifications. This error reporting is crucial to system management as it ensures ancillary devices are not damaging the storage system and would give the operator an opportunity to take corrective action to maintain long overall system life. Using the company’s proprietary BMS technology, it offers completely integrated energy storage solutions or custom modular standalone systems to its clients. In addition, the company has developed a suite of complementary technologies and products that accompany and improve the abilities of its core BMS products to meet the needs of the improving advanced energy storage market. The company is primarily focusing on the lift equipment market targeting dealers and distributors, and secondarily, on the airline ground support equipment market. The company is working with various lift equipment original equipment manufacturers, their dealers and battery distributors to bring its advanced energy storage systems to the lift equipment market. In addition, the company is developing advanced energy storage systems for other related industrial equipment, portable power, and stationary grid applications ranging from 24-volt to 72-volt applications. During 2016, the company completed a pilot of its custom-developed, 72-volt battery pack to power electric aviation ground support equipment with a major regional airline at Los Angeles International Airport. Prior to that, the company shipped a 48-volt, 900 amp hour pack for robotic mining equipment to South America and developed a portable 24-volt battery pack for the US military, which is in the trial period. The company is developing a suite of complementary technologies and products that utilize its core BMS technology. Sales during the year ended June 30, 2016 were primarily to customers located throughout the United States. Products and Services The company focuses on cell and system management tools. From its modular 24-volt energy storage solutions to stackable charging, the company provides the building blocks to create custom systems designed for a set of applications. The company’s systems use lithium-ion cells that are denser in energy than traditional lead-acid batteries, which allow its batteries to hold more charge over the same weight. In addition, the company’s BMS protects the lithium-ion batteries. The company’s systems manage individual cells and their charge cycles. Through its BMS, the company has improved battery systems overall to provide extended life rechargeable energy storage systems for applications, including motive, marine, industrial, military, stationary, and grid management markets. BMS: The company’s proprietary BMS product provides three critical functions for battery systems, such as cell balancing, monitoring parameters and reporting errors to the system. The company’s BMS monitors parameters and reports errors to other devices, which could then determine the action to take to prevent failure. Another BMS function is system cell balancing. The BMS would analyze each battery cell in the system during charge and discharge to determine which cells to balance to prevent overcharging and allow t
flux power holdings inc (FLUX:OTC US)
985 Poinsettia Avenue
Vista, CA 92081
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