Flux Power Holdings Inc (FLUX)

[CollinsIR]

SeeThruEquity Issues $FLUX Update $4 Target

Press Release

NEW YORK, NY /October 9, 2018 / SeeThruEquity, the leading independent equity research firm focused on smallcap and microcap public companies, today announced it has issued an update note on Flux Power Holdings, Inc. (FLUX).

The report is available here: Flux Update Note

We are updating coverage of Flux Power Holdings, Inc. ("Flux") following revenue growth of over 350% in FY2018 and guidance to more than double revenue in FY2019.

Flux develops and markets advanced lithium-ion batteries that replace lead acid chemistries long used in electric forklifts and airport ground support equipment. Its energy storage systems utilize proprietary battery management system (BMS), as well as in-house engineering and product design to address pain points in industrial battery storage.

Flux's solutions deliver improvements to performance, electricity consumption and cycle life, as well as environmental compliance and greater return on investment than legacy lead acid solutions. Following the initial launch of battery solutions for Class 3 "Walkie" pallet jack forklifts, Flux is introducing bigger, more powerful solutions for Class 1 and Class 2 forklifts, Class 3 end riders, and airport ground support equipment.

Supported by strong growth in FY2018 and an outlook to more than double sales in FY2019, we view Flux as having transitioned from development stage to a growth company targeting an estimated $10 billion opportunity for industrial lithium battery solutions.