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VISTA, Calif.--(BUSINESS WIRE)--Nov 21, 2024-- Flux Power Holdings, Inc. (NASDAQ: FLUX ), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that its Chairman and Chief Executive Officer, Ron Dutt, intends to retire from the Company. The Company’s Board of Directors is executing a comprehensive succession plan and search to identify the next CEO with the assistance of a nationally recognized search firm. Mr. Dutt will remain in his roles until the search for his successor is complete. Mr. Dutt commented, “It has been my honor to serve as Flux’s Chairman and CEO over the last 12 years, and I'm extremely proud of the team's many accomplishments. From our early days as a pre-revenue start-up and developing the market-penetrating “lithium-ion battery pack” for the high volume ‘walkie’ pallet jack, to becoming a thriving business and recognized provider of innovative energy solutions for the motive lift and ground support equipment markets, it has been a privilege to be a part of this company. I am grateful to the entire Flux team for what we were able to achieve together, and I look forward to supporting my successor through a successful transition.” “On behalf of the Board, management team, and employees, I want to thank Ron for his exceptional leadership and continued dedication to Flux Power,” said Director Michael Johnson. “Since joining as a Director at the company’s incorporation, I have seen Ron’s commitment to fostering a culture of mutual respect and integrity that has been foundational to the company’s success. His vision and dedication have been pivotal in the formation, development, and sustained growth of Flux Power. The Board of Directors and the entire Flux team appreciate his outstanding leadership and the lasting impact he has made on the organization. Looking ahead, we are committed to identifying the best candidate to continue our mission and build upon our strong foundation, and we look forward to working with Ron to ensure a smooth transition.” About Flux Power Holdings, Inc. Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com . Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities law. Forward-looking statements are statements that are not historical facts. Words and phrases such as “anticipated,” “forward,” “will,” “would,” “could,” “may,” “intend,” “remain,” “potential,” “prepare,” “expected,” “believe,” “plan,” “seek,” “continue,” “estimate,” “and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements with respect to: the expected adjustments to the Company’s financial statements, including the estimated amount and impact of adjustments on the Company’s financial statements, expectations with respect to the Company’s internal control over financial reporting and disclosure controls and procedures and related remediation, the potential for additional adjustments to the Company’s financial statements and additional restatements, the Company’s ability to access its revolving credit facility, expected filing of its Form 10-K, and effect and impact on Company’s business and credit facility. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the Company’s control, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Such risks and uncertainties include, but are not limited to, the completion of the review and preparation of the Company’s financial statements and internal control over financial reporting and disclosure controls and procedures and the timing thereof; the discovery of additional information resulting to additional adjustments; delays in the Company’s financial reporting, including as a result of unanticipated factors; the Company’s ability to obtain necessary waivers or amendments to its credit facility in the future; the risk that the Company may become subject to stockholder lawsuits or claims; the Company’s ability to remediate material weaknesses in its internal control over financial reporting; risks inherent in estimates or judgments relating to the Company’s critical accounting policies, or any of the Company’s estimates or projections, which may prove to be inaccurate; unanticipated factors in addition to the foregoing that may impact the Company’s financial and business projections and guidance and may cause the Company’s actual results and outcomes to materially differ from its estimates, projections and guidance; and those risks and uncertainties identified in the “Risk Factors” sections of the Company’s Annual Report on Form 10-K for the year ended June 30, 2023, and its other subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners. Follow us at: Blog: Flux Power Blog News Flux Power News Twitter: @FLUXpwr LinkedIn: Flux Power View source version on businesswire.com : https://www.businesswire.com/news/home/20241121700521/en/ CONTACT: Media & Investor Relations: media@fluxpower.com info@fluxpower.com External Investor Relations: Chris Tyson,Executive Vice President MZ Group - MZ North America 949-491-8235 FLUX@mzgroup.us www.mzgroup.us KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: OTHER ENERGY TECHNOLOGY BATTERIES ALTERNATIVE ENERGY ENERGY HARDWARE SOURCE: Flux Power Holdings, Inc. Copyright Business Wire 2024. PUB: 11/21/2024 04:01 PM/DISC: 11/21/2024 04:02 PM http://www.businesswire.com/news/home/20241121700521/enPITTSBURGH (AP) — Penguins captain Sidney Crosby is alone at the top. Crosby broke Mario Lemieux's franchise record for most assists in team history during a 3-2 win against the New York Islanders on Sunday. “I want to congratulate Sid on setting the team's assist record,” Lemieux said in a statement released by the team. “He's an amazing player and we're so fortunate to have him in Pittsburgh. I look forward to even more great things from him.” Crosby was behind the net in the second period when he sent a backhand feed to Michael Bunting, who buried a power-play goal behind Marcus Hogberg at 1:36, putting the Penguins ahead 2-0. After the goal was announced, play briefly stopped as Crosby received a standing ovation and waved his glove to acknowledge the hometown crowd. “As the years go on, I think you appreciate those kinds of things a little bit more,” said Crosby, who said he plans to give the puck to his father. “It's not why you play by any means, but to get (the record) and to get that kind of reception, it means a lot.” Crosby now has 1,034 assists, good for 12th in NHL history. Only three players — Ray Bourque, Wayne Gretzky and Steve Yzerman — have more assists with a single team. The 37-year-old Crosby has played 1,310 regular-season games. Lemieux played 915. “I have a lot of appreciation for what the guys have done on that list, especially Mario and what he means to the city and the organization,” Crosby said. “All the guys who have played prior to me, it's just really nice to be part of that company.” Crosby scored a goal and added three assists to tie the record during a 7-3 home win Monday against Philadelphia. Crosby thought he broke the mark during a road loss on Saturday against the Islanders, but the assist was taken away. “It was a little weird the way it went down,” Crosby admitted. Lemieux, who finished his Hall of Fame career with 1,723 points, led Pittsburgh to its first two Stanley Cups in 1991 and 1992 as a player. Lemieux owned the team when Crosby captioned the Penguins to championships in 2009, 2016 and 2017. “The accomplishment, the milestone he's reached, this is just one more,” Penguins coach Mike Sullivan said. “It's more evidence of an amazing career. He's one of the best players to ever play.” AP NHL: https://apnews.com/hub/nhl
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In Denton, the election will likely be decided by a coin toss. In a convincing argument against the “my vote doesn’t count” lament, the election for the southwest Lancaster County village board of trustees came down to a three-way tie on election night. Six people were running for three positions. When election night came to a close, Tim Reckling, Amanda Fangmeier and John V. Juricek all had 43 votes — a three-way tie for the third seat. Once the provisional and other uncounted ballots were tallied Nov. 15, Juricek and Fangmeier had pulled ahead of Reckling by one vote. So now what? Well, according to state statute, there’s a mandatory recount of all three, since the one-vote margin was close enough to trigger the recount. That will happen Monday. Assuming there’s no change and Juricek and Fangmeier remain tied — or if it goes back to a three-way tie — state statute says the decision is made by “drawing lots.” Lancaster County Election Commissioner Todd Wiltgen gets to decide exactly how that will happen: A coin toss, drawing straws, maybe drawing from a hat. And his decision depends on the outcome of the recount. Wiltgen said he’s inclined to have a coin toss, but if it goes back to a three-way tie, a coin toss wouldn’t work. One of the candidates could decide to withdraw, but in Denton, that’s not likely to happen, despite the fact that the dead-heat competitors are married. Juricek and Fangmeier are currently on the village board, and Juricek said they plan to see it through, but there won’t be any hard feelings once the spinning coin lands. Clearly, the small number of voters increases the chances of such an outcome, and several of Lancaster County’s smaller communities had election totals within just a few votes. But it’s a good reminder that voting does make a difference. Remember the 2000 Bush-Gore presidential election, fraught with hanging chads and court decisions, came down to a few hundred votes in Florida, where almost 6 million people cast votes. In Lancaster County, there was one other anomaly in the election, Wiltgen said. In one of the Raymond Central school board wards, no candidates were on the ballot, and the seat got 89 write-in votes. Wiltgen said he can’t assign votes to write-in candidates who haven’t filed affidavits (to avoid electing Mickey Mouse, for instance), but there was one candidate — Jason Wiig — who filed as a write-in after the deadline. That’s why he wasn’t on the ballot, but now Wiltgen can assign those 89 votes to Wiig. The moral there, apparently, is better late than never. As for the situation down south in Denton, Wiltgen — who was appointed election commissioner in 2023 — said he’s aware of a tie vote for a county board race in another part of the state about 10 years ago, and Juricek said there’s been a tie vote in Denton races before. This election, 277 people cast votes for the six candidates, and Juricek said a controversy over the condition of a park prompted more people to run. He chalks up the whole situation to small-town politics. Get local news delivered to your inbox!Composer Tyler Bates has been sued for allegedly pilfering a singer and former collaborator’s voice on productions he scored. Azam Ali, in a lawsuit filed on Thursday in Los Angeles Superior Court, alleges Bates created a “digital replica” of her voice, which was used on new projects, including Cartoon Network’s animated series , without consent or compensation to the singer. Ali’s voice has appeared on scores for major studios films, including and . She met Bates in 2001, when he was looking for a vocalist to assist him on scoring the soundtrack to . The pair went on to collaborate on , and . Last year, Ali claims she was contacted by a fan congratulating her for appearing on a soundtrack to an unnamed production scored by Bates. When she reached out to the composer, he allegedly told her in a text message that he had “made an EXS 24 sample instrument,” which refers to a sampler used to manipulate sound files when arranging music, from recordings of her voice. “Azam’s investigation further revealed that Bates appeared to have included samples of [her] voice in audio libraries that were then distributed to his collaborators for use on their shared projects,” states the complaint. Ali alleges that these samples appeared in and , a game released in 2010. She brings a trio of claims related to breach of contract and seeks unspecified damages. Bates has faced accusations of plagiarism. In 2007, Warner Bros. issued a statement acknowledging that “a number of the music cues for the score of were, without our knowledge or participation, derived from music composed by Academy Award winning composer Elliot Goldenthal for the motion picture .” The composer — who scored the soundtracks for the franchise, and — was also sued in 2018 by Kurt Oldman and Dieter Hartmann in a dispute over credit and compensation on . They accused him of going back on a deal to give them credit on the film and 15 percent of royalties from its score. The two sides later settled the case. A representative for Bates didn’t immediately respond to a request for comment. THR Newsletters Sign up for THR news straight to your inbox every day More from The Hollywood Reporter
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LOS ANGELES — Shohei Ohtani is keeping elite company. The Japanese superstar caps 2024 by winning The Associated Press Male Athlete of the Year for the third time, tying him with basketball great Michael Jordan. He trails only four-time winners Lance Armstrong, Tiger Woods and LeBron James. "I'm very honored," Ohtani said through translator Matt Hidaka in an exclusive interview with the AP. "Obviously all the hard work has paid off. Maybe next year, I'll get the award again." In balloting by 74 sports journalists from the AP and its members, Ohtani received 48 votes. He previously won the award in 2023 and 2021, when he was with the Angels. "Growing up in Japan, I did follow Michael Jordan and Tiger Woods," he said. "I would see their accolades and how they were successful in the United States." The AP honor has been given out since 1931. Golfer Babe Didrikson won six times, the most by a man or woman. Swimmer Léon Marchand of France, who won four gold medals at the Paris Olympics, was second with 10 votes in balloting announced Monday. Golfer Scottie Scheffler, whose victories this year included the Masters and an Olympic gold medal, was third with nine. The AP Female Athlete of the Year will be announced Tuesday. Moving from the beleaguered Los Angeles Angels to the powerhouse Los Angeles Dodgers, Ohtani won his third Most Valuable Player award and first in the National League, led his new team to its eighth World Series championship and created Major League Baseball's 50/50 club by hitting 54 home runs and stealing 59 bases. Ohtani signed a then-record $700 million, 10-year contract with the Dodgers in December 2023. Already a two-way superstar, he embellished his reputation even further despite not pitching all season while he rehabilitated from a second major right elbow surgery he had in September 2023. Ohtani went wild on offense, making every at-bat a must-see moment. The 6-foot-4 designated hitter batted a career-high .310 while easily surpassing his previous career highs in home runs and stolen bases. In September, he reached the previously unheard of 50/50 mark in a performance for the ages. Against the Miami Marlins in Florida, Ohtani went 6 for 6 with three homers, 10 RBIs, two stolen bases and 17 total bases. "It wouldn't shock me if he went 60/60 and 20 wins a year from now," Brad Ausmus, who managed the Angels in 2019 during Ohtani's second season in Anaheim, said recently. "This guy is the greatest athlete to ever play the sport of baseball and there's not a close second." Ohtani said he knew the Dodgers' franchise record for most homers in a season was 49. His previous best was 46, set in 2021. "I kind of wanted to get over that bar," he said. "I was pleasantly surprised I was able to pass that record." Ohtani carried the Dodgers offensively during the regular season, and he stayed healthy until Game 2 of the World Series. He injured his left shoulder trying to steal second base against the New York Yankees and finished the Series playing hurt. He underwent surgery a few days after the Dodgers celebrated their championship in early November. "I don't have full range of motion yet, but it feels a lot better," he told the AP. "There's no pain. There's obviously still a little bit of tightness, but slowly but surely it's getting better." Ohtani recently received an updated rehab schedule, and he's focused on the near-term. "It's the small steps that I think are very important to get me to the ultimate goal, which is to just get back healthy," he said. Ohtani is also throwing in the 70 mph range, which is typical for pitchers early in the offseason. "I'm going to continue to ramp up slowly," he said. The Dodgers' rotation for next season is in flux, and Ohtani is waiting to see how it shakes out. "We may go with a five-man rotation with a bullpen (game), which is what we did a lot during this season or we may have a six-man rotation," he said. "But it's all about balancing out when we can get rest and recuperate. We'll see where that takes us along the playoff chase. I've got to obviously pace myself, but again that situation will guide us to how we get there." The Dodgers open the 2025 season in Japan, where Ohtani is even more closely watched. "My personal goal is to be fully healthy by the time the opening games do start," he said. "To be able to pitch and hit would be great, but the situation will kind of guide itself." Each time Ohtani comes to the plate or steps on the mound, there's great pressure and expectation for him to perform spectacular feats. "I just go out there and try to stay within myself," he said. "I can only control what I can control and that's where you trust your teammates. The guys behind me, you trust they're going to make the plays for you. I don't really try to overthink it." Ohtani generated big bucks for the Dodgers off the field, too. Fans traveled from Japan in droves to see him play around the U.S. At Dodger Stadium, they paid extra for tours of baseball's third-oldest venue narrated by Japanese-speaking guides and to be on the field during pre-game batting practice. A majority of the fans bought Ohtani-branded merchandise, especially his No. 17 jersey. Ohtani's presence also helped the Dodgers land a bevy of new Japanese sponsors. Because Ohtani prefers to speak Japanese and use an interpreter with the media, he is shrouded in a bit of mystique. Asked before his first postgame series if he was nervous, he dropped a one-word answer in English: "Nope," which drew laughter. Japanese-born Dodgers manager Dave Roberts observed Ohtani's behind-the-scenes interactions with his teammates, coaches and staff, and came away impressed. "I really do believe that as good of a ballplayer as he is, he's a much better person. He's very kind, considerate, he cares," Roberts told the AP. "I'm just proud of any fame or glory or award that he receives because he just does it in such a respectful and humble way." Ohtani relishes his privacy and rarely shares details about himself off the field. That's why his February announcement via Instagram that he had wed Mamiko Tanaka, a former basketball player, stunned his new teammates and the rest of the world. The following month, after the Dodgers arrived in South Korea to open the season, he was enveloped in scandal when his longtime interpreter and friend, Ippei Mizuhara, was fired by the Dodgers after being accused of using millions of dollars of Ohtani's money to place bets with an illegal bookmaker. His new teammates rallied around Ohtani, who was found to have no part in the wrongdoing, and publicly it didn't seem to affect him even if he was privately distressed by it. By June, the uproar had subsided. Mizuhara pleaded guilty to federal bank and tax fraud charges and admitted to stealing nearly $17 million from Ohtani. The public got a glimpse of Ohtani's softer side in August, when his dog Decoy delivered a first pitch to his owner on their shared bobblehead night. The Nederlandse Kooikerhondje exchanged an endearing high-five with Ohtani at the plate. As a result, Decoy became a celebrity in his own right, with his breed (pronounced COY-ker-HUND-che) making the list of the most mispronounced words of 2024. He and Ohtani were mentioned during the telecast of last month's National Dog Show, where the small Spaniel-type breed was among the competitors. "The number of the breed has kind of dwindled, so by him gaining a little bit of popularity hopefully that brings up the number of his breed," Ohtani said. "I do feel like we were able to, in a small way, contribute to the popularity of the dog and I'm sure Decoy himself would be happy about that." Ohtani will be looking to top himself next year while eyeing a repeat World Series title. "It's almost like right now you can lock in the Most Valuable Player in the National League award because no one has that ability or talent," Roberts said. "I'm just excited to see what '25 has for Shohei Ohtani." Get local news delivered to your inbox!
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