Dragonfly Energy Secures $30 Million Licensing Deal with Stryten Energy
TL;DR
Dragonfly Energy's recent deal with Stryten Energy gives them a competitive advantage in the global market for lithium-ion batteries.
The agreement allows Stryten Energy to market and distribute Dragonfly Energy's Battle Born Batteries globally, expanding their reach and distribution.
The partnership between Dragonfly Energy and Stryten Energy contributes to a more sustainable future by promoting the use of green energy storage products.
Listen to Denis Phares, CEO of Dragonfly Energy, discuss the recent deal with Stryten Energy in a featured interview on Benzinga’s All-Access.
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Dragonfly Energy, a leading green energy storage company specializing in lithium-ion battery products for the recreational vehicle (RV) and marine industries, has announced a substantial $30 million licensing deal with Stryten Energy. The agreement was detailed by Dragonfly Energy CEO Denis Phares during a recent appearance on Benzinga’s All-Access.
Under the terms of the deal, Stryten Energy, a manufacturer employing over 2,500 individuals across 10 manufacturing plants, will receive a license to market and distribute Dragonfly Energy’s Battle Born Batteries on a global scale. This strategic partnership is poised to significantly enhance the availability and distribution of Dragonfly's innovative green energy solutions.
Dragonfly Energy’s Battle Born Batteries have gained widespread popularity in both the RV and marine sectors, known for their reliability and efficiency. The expansion through Stryten Energy's extensive manufacturing and distribution network is expected to boost the accessibility of these sustainable energy storage solutions, catering to a growing demand for eco-friendly technologies.
The collaboration with Stryten Energy not only signifies a major financial milestone for Dragonfly Energy but also underscores the increasing importance and adoption of green energy solutions in various industries. As the global market for sustainable and renewable energy continues to expand, this deal positions Dragonfly Energy as a key player in the sector.
For more information, visit Benzinga.
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