Lowenstein Sandler represented Dragonfly Energy Holdings Corp. (Nasdaq: DFLI), an industry leader in energy storage and manufacturer of lithium-ion batteries, in its strategic partnership with Stryten Energy, a leading North American battery manufacturer, for the licensing of Dragonfly Energy’s Battle Born Batteries® brand of lithium-ion batteries.
The agreement, with a potential value of up to $30 million, grants Stryten Energy a license to market and distribute Dragonfly Energy’s Battle Born Batteries globally. Stryten Energy plans to leverage its vast distributor and customer network to introduce Battle Born Batteries branded products to new business-to-business (B2B) markets, including military, automotive, marine, power sports, lawn & garden and golf carts.
Stryten Energy is a leading U.S.-based manufacturer of energy storage solutions, providing advanced lead, lithium and vanadium batteries to customers across the transportation, industrial, military and government sectors.
Dragonfly Energy Holdings Corp. is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics.
The Lowenstein team included Steven M. Skolnick, Sarah Cole, and Rachel Beeman.
