Benzinga | Jan 20, 2022 08:38AM EST

Dragonfly Energy Inks Battery Supply Agreement with Thor Industries' Keystone RV

* Nevada-based Lithium-ion battery technology company Dragonfly Energy Corp. has entered into an exclusive agreement with Keystone RV Company, a subsidiary of Thor Industries Inc (NYSE:THO). The financial terms were not disclosed.

* Under the agreement, Dragonfly Energy Lithium-ion batteries will be standard or optional OEM equipment on all Keystone RV travel trailers and fifth wheels.

* In addition, Keystone RV dealers will be exclusive aftermarket dealers for Dragonfly Energy batteries through Keystone's SolarFlex packages and as stand-alone products.

* The agreement will make Dragonfly Energy's brand of technology and renewable energy storage available to the public for the first time.

* Price Action: THO shares closed higher by 3.43% at $100.02 on Wednesday.