VISTA, Calif. & NAUGHTON, Ontario--(BUSINESS WIRE)--
Power® Holdings, Inc. (OTCQB:FLUX), an innovator in
advanced lithium energy storage systems, announced an agreement with Penguin
Automated Systems Inc. to deliver a lithium motive power solution
for a large unmanned robot that Penguin is developing for underground
mining and civil construction activities.
Flux will design and produce a 46-kilowatt, 48-volt lithium iron
phosphate battery pack to power Penguin’s three-ton robot that will be
deployed for subterranean uses including mining and inspecting sewer
systems. Development of the robot is scheduled for completion by the
mid-2014, to be followed by initial testing with mining and civil
construction customers based in South America.
Greg Baiden, Chairman and Chief Technology Officer of Penguin, stated,
“We chose Flux for their technical expertise and responsiveness to our
unique design needs for run time, charge time and hazardous environment
requirements. Innovations in energy storage are allowing Penguin to
bring to market new advanced telerobotics solutions for more demanding
applications across multiple industries.”
Chile's largest mining company, Codelco, is collaborating with Penguin
in the development of robotics technologies for underground mining.
Hector Cerda, Project Manager of Emerging Technologies and Codelco’s
leader in the joint project, commented, “the benefits of the Flux
battery technology, in terms of size, capacity and safety, should enable
better operating performance and acceptance by mine operations and
Acting CEO, Ron Dutt, commented, “We are pleased that Penguin selected
Flux to collaborate on such a groundbreaking project that demonstrates
the scalability of our LiFT Pack storage solutions. Supporting advances
in robotic technology is an exciting new avenue of opportunity for Flux
and consistent with our core strengths in developing safe, reliable
storage solutions across a range of performance characteristics and form
About Penguin Automated Systems Inc.(www.penguinasi.com)
Penguin Automated Systems Inc. is a research, development and
prototyping company focused on underground, underwater, in space and on
surface applications. Penguin ASI a leading force in telerobotics with a
comprehensive approach to software development, systems integration and
field-testing to meet our clients’ needs.
About Flux Power Holdings(www.fluxpwr.com)
Flux Power designs, develops, and markets advanced energy storage
systems (“batteries”) offering improved performance, extended cycle life
and greater return on investment. Flux sells direct and through a
growing base of distribution relationships. Products include batteries,
packaged modules, advanced energy storage systems and components such as
stand-alone battery management, stackable chargers, programming software
and display systems. For more information visit www.FLUXpwr.com or
This release contains certain "forward-looking statements" relating
to Flux’s business, that are often identified by the use of "believes,"
"expects" or similar expressions. Forward-looking statements involve
risks and uncertainties that may cause actual results to be materially
different from those anticipated, believed, estimated, expected, etc.
Such forward-looking statements include the development and success of
new products, distribution partnerships and business opportunities and
the uncertainties of customer acceptance of new products. Actual results
could differ from those projected in due to numerous factors. These
forward-looking statements are made as of the date of this news release,
and we assume no obligation to update these statements or the reasons
why actual results could differ from those projected. Although we
believe that beliefs, plans, expectations and intentions in this press
release are reasonable, there can be no assurance that they will prove
to be accurate. Investors should refer to the risk factors outlined in
our Form 10-K, 10-Q and other reports filed with the SEC and available
Flux, Flux Power and associated logos are trademarks of Flux Power
Flux Power Holdings, Inc.
Kerri Taylor, 877-505-3589
of Business Development
David Collins / Eric Lentini,
Source: Flux Power Holdings, Inc.