Flux Power Appoints New CFO Ronald Dutt, Financial Executive with 25 Year Track Record for Leading Companies through Growth Joins Executive Team
ESCONDIDO, Calif., Jan. 8, 2013 /PRNewswire/ -- Flux Power® Holdings, Inc. (OTCQB: FLUX), a fully reporting company and an innovator in durable, scalable, and affordable advanced energy storage systems, today announced that it has selected Ron Dutt as the company's new Chief Financial Officer with responsibility for financial operations, reporting and accounting. Mr. Dutt brings more than 25 years of experience in strategic and financial management to Flux Power, with a track record for building companies for growth and leading companies through transitions.
Mr. Dutt has successfully led the financial performance of public and private companies from early stage to revenues exceeding $1 billion. He has served as CFO for a number of companies including SOLA International, Directed Electronics, DHL, and Fritz (now a UPS division). He was also SVP Finance at Visa and provided financial strategy leadership to John Saar Properties, Center for Sustainable Energy, Tyga-Box Systems, and XP Vehicles "I am excited to be a part of Flux's future. The company has the potential to grow faster than any business I have experienced," said Dutt.
"We are delighted to add someone of Ron's caliber to our leadership team. He is a talented senior executive with deep financial knowledge, operational expertise, and a solid track record of success," said Chris Anthony, CEO of Flux Power. "As we accelerate our strategic growth initiatives to build out a superior portfolio of advanced energy storage solutions, I am confident that Ron will play an integral role driving our business model in the near term and strengthening Flux's long-term financial foundation."
Mr. Dutt is an active board member of Rising International and a board advisor for Tyga-Box Systems. He earned an MBA from the University of Washington and an AB degree in chemistry from the University of North Carolina.
About Flux Power
Flux Power designs, develops, and sells cost efficient advanced energy storage systems. Incorporated in October 2009, Flux Power began shipping prototype products in the second quarter of 2010 while continuing to develop its intellectual property portfolio. Currently, Flux Power's product offerings include batteries in various sizes and forms, packaged modules, fully tested and validated advanced energy storage systems and various system accessories. These accessories include: stand-alone battery management, stackable chargers, programming software and display systems. Flux Power sells modular advanced energy storage products through distributors and directly to original equipment manufacturers. These customers benefit from Flux Power's advanced systems technologies, which greatly extend cycle life and improve system performance. For more information visit www.FLUXpwr.com or email info@FLUXpwr.com.
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SOURCE Flux Power Holdings, Inc.