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Investing.com -- Flux Power Holdings Inc (NASDAQ:FLUX) stock surged 11% after the lithium-ion energy storage solutions developer announced a significant purchase order from a major U.S. airline for 120 units of its newly redesigned G80-420 battery packs.
The order, valued at over $2 million, will be delivered throughout 2025 and represents growing adoption of the company’s lithium-ion technology in airport ground support operations. The batteries will power equipment such as baggage tractors and belt loaders, helping the unnamed airline advance its operational efficiency and sustainability goals.
Flux Power secured the deal through its channel partner Averest, which specializes in ground support equipment. The G80-420 battery packs feature modular architecture designed for fast field service and reduced downtime, along with embedded telematics that provide real-time insights and predictive maintenance alerts.
"This order reflects the accelerating momentum behind electrification in ground support operations," said Krishna Vanka, CEO of Flux Power. "It’s not just about replacing legacy systems, it’s about building a new energy foundation that’s intelligent, modular, and built to evolve alongside our customers’ needs."
Jeff Barrett, President of Averest, added: "This order is a testament to what’s possible when two companies align on innovation, reliability, and long-term value. We’re excited to continue building that future, one fleet at a time."
The company’s focus on integrating intelligence and serviceability into its energy platform appears to be resonating with customers looking to transition to zero-emission equipment with data capabilities, despite broader economic pressures affecting the industry.
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