Company to Introduce Battery Pack Models for Heavy-Duty Applications

Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it will participate in the upcoming ProMat 2023, the material handling and logistics industry’s premier global event, taking place March 20 to 23, 2023 at the McCormick Place Convention Center in Chicago.

Flux Power will showcase its complete product line at booth S2984, which includes lithium-ion solutions for Classes I-III material handling equipment. New products will be introduced including the heavy-duty models for L36, X48 and M24 lithium-ion battery packs. The Company will also hold live demonstrations of its SkyBMS Telematics for attendees to view performance and usage metrics of specific battery packs currently operating in the field along with pre-identified event examples to highlight the SkyBMS solution’s remote diagnostics.

"ProMat is the place for industry-leading innovators to showcase their latest manufacturing, distribution, and supply chain equipment and systems, and we look forward to sharing our complete product line to new and existing customers,” said Ron Dutt, Chief Executive Officer of Flux Power. “This tradeshow is also known for discovering the future of supply chains, introducing trends and technologies that will take material handling and logistics industry operators to the next level of performance and sustainability. We are excited to introduce our newest product models to our industrial and commercial solutions providers. With over 50,000 manufacturing and supply chain buyers from 145 countries in attendance, we look forward to introducing our products and applications.”

In conjunction with ProMat 2023, Flux Power will be holding investor meetings on Tuesday, March 21 and Wednesday, March 22. For more details or to schedule a meeting with management, investors and analysts should contact FLUX@mzgroup.us or call Chris Tyson at (949) 491-8235.

About ProMat 2023

ProMat is the largest international material handling, logistics and supply chain show and conference. ProMat brings together solution providers who demonstrate their equipment, systems and services to 50,000 manufacturing and supply chain professionals from around the globe, seeking productivity solutions for their operations. Over 1,000 exhibitors will showcase their solutions on ProMat’s two show floors totaling over 500,000 square feet of manufacturing and supply chain solutions. ProMat is Powered by MHI, an international trade association that has represented the industry since 1945. MHI members include material handling, logistics and supply chain equipment and systems manufacturers, integrators, consultants, publishers, and third-party logistics providers. Much of the work of the industry is done within its product- and solution- specific groups. The association also sponsors trade events, such as ProMat and MODEX to showcase the products and services of its member companies and to educate industry professionals on the productivity solutions provided through material handling and logistics.

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About Flux Power Holdings, Inc.

Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.

Forward-Looking Statements

This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include impact of COVID-19 on Flux Power’s business, results and financial condition; Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, deferral of shipments, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.

Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

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