Flux Power Holdings, Inc. (NASDAQ:FLUX)

On June 15, 2012, Flux Power® Holdings, Inc., and its operating subsidiary Flux Power, Inc. (“Flux Power”) announced the completion of the reverse acquisition of Flux Power Holdings, Inc. (formerly known as Lone Pine Holdings, Inc.), a Nevada corporation, and initiation of trading on the OTCQB exchange under the new symbol “FLUX.”

Chris Anthony, CEO, said, “We’re excited to take Flux Power to the public markets and would like to thank Michael Gardner and Baytree Capital LLC for assistance in this transaction. Flux Power addresses the fast growing multi-billion dollar market for advanced energy storage with lithium battery storage systems at a price that’s significantly lower than legacy lead-acid battery systems and half that of other current lithium system technologies. Access to the public capital markets will help Flux reach its goals of market leadership in meeting what is projected by industry analysts to be a $60 billion annual global market for affordable energy storage for electric vehicles, grid storage and industrial/utility applications.”