$527,000 award supports expansion of in-house cylindrical cell prototyping and advanced testing capabilities
Investment accelerates R&D, validation, and development cycles, strengthening integration between Dragonfly Energy's proprietary cell technology and its core pack business
RENO, Nev., May 06, 2026 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) ("Dragonfly Energy" or the "Company"), an industry leader in energy storage and maker of Battle Born Batteries®, today announced it has been selected for a second consecutive round of funding through the Nevada Tech Hub. The $527,000 award will support continued investment in the Company's battery research, development, and advanced manufacturing capabilities.
The funding will support a two-part initiative focused on expanding Dragonfly Energy's in-house cell prototyping and testing capabilities. The project includes the acquisition of specialized equipment to produce cylindrical lithium battery cell prototypes, along with advanced validation systems to evaluate performance, qualify new materials and suppliers, and support next-generation product development.
"This second Nevada Tech Hub award reflects the progress we've made and the continued confidence in our approach to battery innovation," said Dr. Denis Phares, Chief Executive Officer of Dragonfly Energy. "This investment strengthens our ability to design, build, and validate battery cells in-house, accelerating development cycles and enabling us to more rapidly translate innovation into real-world performance. This non-dilutive funding continues to be highly beneficial to our long-term growth strategy."
The initiative builds on Dragonfly Energy's previously awarded Nevada Tech Hub project, which focused on enhancing production operations, quality monitoring systems, and workforce development. With expanded prototyping and testing infrastructure, the Company is further integrating its battery pack expertise with cell development, creating a more efficient feedback loop between lab research, manufacturing, and field performance. This level of vertical integration, particularly the combination of deployed field data, pack design, and in-house cell prototyping, is rare outside of large-scale manufacturers in ...
