Senator Rosen announced a $21 million investment in the Nevada Tech Hub program, one of several Tech Hubs across the country developed to scale up the production of critical technologies, create jobs in innovative industries, strengthen U.S. economic competitiveness and national security, and accelerate the growth of the lithium industry within Nevada. Dragonfly Energy was selected to host the milestone event and serves as an example of the technological innovation happening in Nevada. Through a tour, Dragonfly Energy demonstrated to Secretary Raimondo and Senator Rosen how it is leading the charge for Nevada's expanding lithium industry through its robust battery technology and manufacturing. This announcement supports Dragonfly Energy's long-term goal of vertical integration within the state by fostering the development of important infrastructure and workforce development initiatives. RENO, Nev., July 03, 2024 (GLOBE NEWSWIRE) -- United States Secretary of Commerce Gina Raimondo held a press conference with Nevada Senator Jacky Rosen from the Reno, Nevada, headquarters of Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) ("Dragonfly Energy" or the "Company"), an industry leader in energy storage and manufacturer of lithium-ion batteries. During the event, Senator Rosen, alongside Secretary of Commerce Raimondo, announced an investment of $21 million in federal funding in the Nevada Tech Hub, a consortium led by the University of Nevada, Reno. The Nevada Tech Hub supports the Nevada lithium economy and companies like Dragonfly Energy, which are integral in technology development.  Dragonfly Energy was selected as the host location for the announcement and serves as an example of the technological innovation happening in Nevada. During the visit, Dragonfly Energy Chief Executive Officer Dr. Denis Phares toured the facility with Secretary Raimondo and Senator Rosen, giving an in-depth look at the Company's manufacturing process. "The designation and creation of UNR's lithium loop tech hub, it's going to create new economic opportunities by strengthening public and private partnerships and helping to advance our nation's energy goals," Senator Rosen said in her speech. "The funding and creation of the lithium loop - it represents an important step forward. This ...