Flux Power _______________________________________________________________________________________________________
the critical applications of our end users . All Flux Power systems are designed and tested to meet the demanding standards of the modern operating environment with an unyielding focus on safety and reliability . We remain committed to the delivery of clean energy solutions to this rapidly evolving market .”
Bold growth
Furthermore , the company ’ s product support facility in Atlanta provides call center and warranty repair services and coordinates its repair network with additional certified third parties in the eastern region of the US .
To maintain innovation momentum , Flux Power has had ongoing discussions with potential partners to expand both its technology and sales footprint . “ This reflects our strategy to build scale in support of our Fortune 500 customers that have large fleet demands . We are about halfway complete with implementing lean manufacturing in our operations . We do have a list of cost reduction initiatives that will be providing impactful improvements related to sourcing , design , and efficiency actions .”
Taking this further , Ron shares that Flux Power intends to drive revenue and margin trajectories organically with current customers , adding several large new customers each quarter . “ Our strategy calls for leveraging partnerships , both in technology and customer expansion over the coming years . We anticipate consolidation in this sector as building scale becomes a reality . Electrifying equipment in other potential applications will help drive our expansion , but this depends on the attractiveness of the business case . Expansion internationally by leveraging some of our current customers and OEM relationships is already under discussion for the future .”
In closing , Ron highlights that the experience of pioneering and growing Flux Power , including its Nasdaq listing , has been very bold and exciting . “ Two core drivers of our trajectory have been the demand by large fleets for lithium-ion solutions and a company culture that breeds trust , respect , and best-in-class , and we are determined to keep it that way .” ■
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