Dragonfly Energy Strengthens Presence in Canada with Country's Largest Coast-to-Coast RV Dealer, Fraserway RV

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) ("Dragonfly Energy" or the "Company"), an industry leader in energy storage and maker of Battle Born Batteries, announces the strengthening of its presence in the Canadian market through a strategic partnership with Fraserway RV, Canada's largest coast-to-coast RV dealer group. This collaboration expands Dragonfly Energy's footprint in North America, building on its continued growth in the RV industry. Fraserway RV dealerships across Canada will now stock and install Battle Born Batteries as a customer upgrade option.

This expansion within the Canadian marketplace by Dragonfly Energy comes at a time when the country is seeing an increase in camping overall, with 67 percent of all Canadian households identifying as campers and outdoor hospitality participants in 2023, according to a recent Kampgrounds of America, Inc. (KOA) report. According to the report, the number of households who participate in camping annually in Canada has increased by 68 percent since 2014, demonstrating a strong market opportunity for outdoor recreation companies as well as suppliers like Dragonfly Energy.

"The Canadian RV market is experiencing tremendous growth, and we're excited to expand our reach with Fraserway RV," Wade Seaburg, chief revenue officer at Dragonfly Energy, said. "This partnership allows our lithium batteries to be readily available to a wider audience. We are pleased to be aligning with a company that prioritizes quality, customer service, and sustainability - values we share."

Dragonfly | https://dragonflyenergy.com/

Fraserway RV | https://www.fraserway.com/