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Ignore this troll who obviously has little or no money/time invested in this stock.
BJ I see where you predicted it . Great call . And I believe they will do it !
Exactly BJ. Investing long term in a company you believe in that has great potential at these levels is very smart.
Flux Power's recent announcement with a major forktruck company will most likely snowball into much more business to help fill their new facility with orders.
Lack of liquidity makes it easy to manipulate the price. Dumb money will likely sell their shares when the price drops like this. Or maybe they are trying to seek a level that creates the most volume. Makes you wonder. In any event I think more very positive news is coming with their complete line of batteries very soon.
That makes two of us!
Keep the faith. It will happen.
You predicted that the price would be taken down right before huge volume started.
Maybe that's what is happening!
From Flux's Twitter page today!!
FLUX Power
@FLUXpwr
Follow Follow @FLUXpwr
More
Flux Power is taking off! In the very near future, we will move to a new facility to handle our current and future growth. With the addition of several new clients, the need to ramp up production necessitated the move.
On March 19 this was announced by Crown Equipment:
NEW BREMEN, Ohio (March 19, 2019) - Crown Equipment Corporation, one of the world's largest material handling companies, today introduced the V-Force? Lithium-Ion Energy Storage System (ESS) for forklift users considering alternative energy sources to achieve lower operational costs and enhance productivity and efficiency. Initially available for the Crown WP Series pallet truck.
On March 29th then this was announced by Flux Power.
Posted:
Andrew Lerma
March 29, 2019
Flux Power Selected to Provide Lithium-Ion Walkie Pallet Jack Batteries to Major Global Forklift Manufacturer
Crown also stated that:
"the V-Force Lithium-Ion ESS will be available for Crown's complete line of forklifts in 2019."
This can't be a coincidence.
Let's see what gets posted in their next ER.
Q3 Exp Earnings Date, 5/13/19
I suspect it will be a very positive one.
I hope you weren't in that picture Termite 7 . .
The leash will soon be released on this puppy. These bargain basement prices will be no more.
Absolutely. Right now is a fantastic time to load up before that does happen. And it will definitely happen.
Yes indeed. Here's a great ad in one of the leading material handling wholesaler magazines also:
https://www.mhwmag.com/products/flux-power-leading-the-industry-with-lithium-ion-battery-technology/
This is only my opinion based on intense DD on my part only.
I'd say Crown Equipment may be their partner in this. Between Twitter and Linkedin posts, there is definitely a great relationship between the two companies.
Also this recent article I attached talks about a new UL listed V-Force Li-ion battery "initially available for the Crown WP series pallet truck"
This would fit as Flux's "private label OEM relationship".
Also sounds like more announcements to come !
Crown Equipment Unveils Integrated Lithium-Ion Energy Storage System for Forklifts
03.19.19, In Product News, 2019
Tags: "Crown Equipment", "Crown Lift Trucks", "material handling", Battery, Forklifts, electric forklifts, warehouse solutions
NEW BREMEN, Ohio (March 19, 2019) – Crown Equipment Corporation, one of the world’s largest material handling companies, today introduced the V-Force® Lithium-Ion Energy Storage System (ESS) for customers utilizing alternative energy-powered forklifts to achieve lower operational costs and enhance productivity and efficiency. Initially available for the Crown WP Series pallet truck, the V-Force Lithium-Ion ESS will be available for Crown’s complete line of forklifts in 2019.
The components of the V-Force Lithium-Ion ESS include a UL Listed lithium-ion battery pack, a compatible V-Force UL Listed charger and a fully integrated battery management system to extend battery life by preventing operation outside of warrantied conditions. Using the truck display, the system shows battery discharge levels and alerts the operator through an early warning system before truck operation is stopped.
Lithium-ion batteries can be opportunity charged during operator breaks without adversely affecting battery life, which can contribute to longer run times and remove the need for battery changing. They do not emit gas during charging, which means they do not require special battery rooms. Lithium-ion batteries are also maintenance free, which eliminates the need for battery watering. All V-Force Lithium-Ion Energy Storage Systems will be sold and supported by Crown’s extensive global retail network as part of Crown’s complete material handling solutions.
About Crown Equipment Corporation
Crown is one of the world’s largest material handling companies with a reputation for award-winning product design, advanced engineering and technology, and superior after-sale service. Crown’s business philosophy utilizes vertically integrated processes to design, manufacture and distribute forward-thinking, innovative solutions that improve customers’ productivity and operating efficiency. Crown produces a broad range of forklifts as well as automation and fleet management technologies.
The company’s global headquarters is located in New Bremen, Ohio, USA, with regional headquarters in Australia, China, Germany and Singapore. Its employees number more than 15,500 worldwide. Crown operates a service and distribution network that exceeds 500 retail locations in over 80 countries. To learn more about Crown’s ideas for helping customers advance the productivity of their operations, visit crown.com.
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MEDIA CONTACTS
Dave Helmstetter
Crown Equipment Corporation
419-629-2220 Extension 12322
dave.helmstetter@crown.com
Aaron Brown
Fahlgren Mortine
614-383-1608
aaron.brown@fahlgren.com
Twitter: @abrownFM
Yes BJ. Without a doubt; it will happen.
Smart move.
Really nice volume today so far .
8:00 pm Lowest ask is 2.95 Kind of a surprise. Curious to see how it plays out.
Looks like you did at 1.30 Good for you BJ.
Long term, I really don't see how anyone can lose at these kind of prices.
That's exactly what we need. Also the percentage of institutional investors is increasing at a nice rate from what I see. This should help spread the positive news about Flux Power.
Really is BJ. And they have very little legit Li-ion U.S. competition. With their new direct sales team, led by Todd Kilgore, they are definitely on track for a great year.
I love it !
You're absolutely right. Flux , in my opinion,is still pretty much unknown by most traders/investors. Their performance has been improving every quarter and it's only a matter of time before they are recognized for what they are doing. Profit is coming for them and us!
More likely you.
Flux Continues Sales Ramp of Lithium-Ion Batteries for Forklifts and Airport Ground Support Equipment; Closes Initial Round of Private Placement
GlobeNewswire•December 28, 2018
VISTA, Calif., Dec. 28, 2018 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (FLUX), today highlighted ongoing progress in the development and commercialization of its LiFT Pack lithium-ion batteries for industrial applications including electric forklifts and airport ground support equipment (GSE). Flux LiFT Pack batteries are designed to replace and provide better performance at a lower total cost of ownership than traditional lead-acid battery solutions.
Flux completed initial shipments of its new, more powerful LiFT Pack solutions for Class 1 counterbalance trucks during the current Q2’19 quarter ending December 31, 2018. Shipments include approximately $1.4M in Class 1 LiFT Packs to a Fortune 100 heavy machinery conglomerate, in addition to initial purchases of Flux’s new line of LiFT Packs for Class 2 forklifts.
Flux expects Q2’19 revenue to exceed its Q1’19 revenue of $1.8M (and year-ago Q2’18 revenue of $1.2M). Flux remains on track to at least double revenue in fiscal 2019 vs. fiscal 2018 revenue of $4.1M and fiscal 2017 revenue of $0.9M.
Financing
In support of its operations, growth and new product initiatives, Flux recently consummated the initial closing of a private placement of up to $5 million of its common stock at $1.10 per share. The closing resulted in gross proceeds of approximately $3.7 million before offering expenses. A portion of the private placement proceeds have been used to repay in full $2.6M in borrowings and accrued interest under a short-term credit facility. Giving effect to the private placement, Flux now has approximately 50.3 million shares issued and outstanding.
CEO, Ron Dutt, commented, “With growing industry awareness and demand, and our full array of products in sight, we are bolstering our infrastructure and personnel resources in sales and marketing and production and planning. Flux remains on track to at least double revenue in fiscal 2019 vs. fiscal 2018 revenue of $4.1M. These investments are critical to support continued growth and improved profitability in 2020 and beyond."
The securities sold in the private placement have not been registered under the Securities Act of 1933 (“Securities Act”), as amended, or applicable state securities laws, and accordingly may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state.
About Flux Power Holdings, Inc. (www.fluxpwr.com)
Flux Power develops advanced lithium-ion batteries for industrial uses, including its first-ever UL 2271 Listed lithium-ion “LiFT Pack” forklift batteries. Flux solutions utilize its proprietary battery management system and in-house engineering and product design. Flux batteries deliver improved performance, extended cycle life and lower total cost of ownership than legacy lead-acid solutions. Flux sells primarily to lift equipment OEM’s, their dealers and battery distributors. Current products include advanced battery packs for motive power in the lift equipment and airport ground support markets.
Follow us at:
Flux Blog: Flux Power Currents
Facebook: FLUXPower
I hear you. I'm always looking/wondering as well.
Q1'19 results should be reported sometime in November I believe.
Should be some very positive results.
Thanks for posting CollinsIR. I was about to do the same.
Great news !!
Flux currently has several irons in the fire according to Ron Dutt's presentation at the Sidoti Micro cap meeting in NYC last week.
Amazon is one of them! I THINK IT'S GOING TO BE A GREAT YEAR!
I'm sure they will BJ.
They have some major listing requirements to achieve but with their solid history and top-notch management I'm confident that Flux Power will get there as quickly as possible.
Yes it absolutely is!
I would not hesitate to build upon what you have at all.
I've been heavily accumulating for over two years now and will continue to do so.
Ron Dutt mentions that OEM's have approached Flux for battery pack partnering in foreign markets and "it's coming soon."
Smart one proves my belief !
Based on the frequency on the 100 Share trades among other hints, MMM is definitely going on in my opinion.
Flux Power is on fire for sure. It's value is finally out in the open. It is unstoppable at this time and will continue , in my opinion, to increase in price.