EXCLUSIVE: Dragonfly Energy' Scales New Heights in Lithium Battery Production With Cathode Electrode Dry Deposition

Dragonfly Energy Holdings Corp DFLI announced the successful deposition of cathode electrodes and double-sided dry deposition of both anode and cathode electrodes at scale, using the company's patented dry electrode battery manufacturing process. 

Achievement of this key technological milestone puts Dragonfly Energy on track to produce its American-made lithium cells by the end of 2023.

"With the successful scaled-up deposition of cathode electrodes, we can now say that Dragonfly Energy has passed the last anticipated major technological hurdle as we work towards lithium battery cell production right here in Nevada," CEO Dr. Denis Phares said. 

"Graphite anodes and LiFePO4 cathodes have fundamentally different physical and mechanical properties, so we're proud to say this is a significant achievement for our whole team and an incredibly exciting time for the industry as a whole."

Dragonfly Energy's dry deposition technology eliminates toxic solvents in traditional cell manufacturing. In addition, the company's manufacturing process enables a significantly reduced footprint, occupying less than 150 square feet per electrode. 

As a result, Dragonfly Energy's patented approach will likely enhance environmental sustainability and drive cost efficiency.

Dragonfly Energy's dry electrode manufacturing process also applies to the co-deposition of electrodes and solid electrolytes, a pivotal factor in developing the company's non-flammable storage cells. 

The successful development of this technology will contribute significantly to the future distributed grid storage model.

Dragonfly Energy continues to progress on its mission to produce fully American-made lithium batteries and eliminate reliance on overseas manufacturers. 

Dragonfly Energy also expects to announce new Battle Born BatteriesTM products incorporating these new cells beginning in 2024. 

Price Action: DFLI shares traded higher by 3.47% at $1.49 premarket on the last check Thursday.