<SEC-DOCUMENT>0001144204-14-058729.txt : 20141001
<SEC-HEADER>0001144204-14-058729.hdr.sgml : 20140930
<ACCEPTANCE-DATETIME>20140930163741
ACCESSION NUMBER:		0001144204-14-058729
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140929
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140930
DATE AS OF CHANGE:		20140930

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Flux Power Holdings, Inc.
		CENTRAL INDEX KEY:			0001083743
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				860931332
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25909
		FILM NUMBER:		141130135

	BUSINESS ADDRESS:	
		STREET 1:		985 POINSETTIA AVE
		STREET 2:		SUITE A
		CITY:			VISTA
		STATE:			CA
		ZIP:			90281
		BUSINESS PHONE:		877-505-3589

	MAIL ADDRESS:	
		STREET 1:		985 POINSETTIA AVE
		STREET 2:		SUITE A
		CITY:			VISTA
		STATE:			CA
		ZIP:			90281

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Lone Pine Holdings, Inc
		DATE OF NAME CHANGE:	20090415

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Australian Forest Industries
		DATE OF NAME CHANGE:	20070508

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MULTI TECH INTERNATIONAL CORP
		DATE OF NAME CHANGE:	20021204
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>v390373_8k.htm
<DESCRIPTION>8-K
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
September 29, 2014</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>FLUX POWER HOLDINGS, INC.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 32%; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>Nevada</U></B></FONT></TD>
    <TD STYLE="width: 3%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 31%; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>000-25909</U></B></FONT></TD>
    <TD STYLE="width: 3%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 31%; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>86-0931332</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or Other Jurisdiction of</FONT><BR>
<FONT STYLE="font-size: 10pt">Incorporation)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;(IRS Employer</FONT><BR>
<FONT STYLE="font-size: 10pt">Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>985 Poinsettia Avenue, Suite A, Vista, California
    </U></B></FONT></TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 48%; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>92081</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Address of Principal Executive Offices)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>877-505-3589</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&rsquo;s telephone number, including
area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 2.02. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On September 29, 2014, Flux Power Holdings, Inc. held a conference
call to discuss results for its fiscal year ended June 30, 2014 and management's current business outlook. A copy of the conference
call transcript is furnished as Exhibit 99.1 to this report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information in Item 2.02, including the information set
forth in Exhibit 99.1, are deemed to be &quot;furnished&quot; and shall not be deemed to be &quot;filed&quot; for purposes of the
Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), nor shall they be deemed incorporated by reference
in any filing under the Securities Act of 1933, as amended, or the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD STYLE="text-align: justify"><U>Exhibits</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Exhibit No.</FONT></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 80%; border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Exhibit Description</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Conference call transcript dated September 29, 2014</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">Flux Power Holdings, Inc.,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">A Nevada Corporation</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Dated: September 30, 2014</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 0.375in"><FONT STYLE="font-size: 10pt">/s/&nbsp;&nbsp;Ron Dutt</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Ron Dutt, Chief Executive Officer and Interim Chief Financial Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<FILENAME>v390373_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Flux Power Holdings, Inc. (OTCQB: FLUX)&#9;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Q4 2014 Conference Call Script</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>September 29, 2014</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Speaker:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ron Dutt, CEO and acting CFO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>David Collins</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Today&rsquo;s call is available live and via online replay via
a link on today&rsquo;s news release and on the IR section of Flux&rsquo;s website. Leading today&rsquo;s call is Ron Dutt, Flux
Power&rsquo;s CEO and acting CFO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">I would like to remind everyone that comments Flux management
may make on today&rsquo;s call may include predictions, estimates, expectations, and other forward-looking statements which are
based on the Company&rsquo;s knowledge as of today. These statements are subject to risks and uncertainties that could cause actual
results to differ materially from those anticipated. Flux disclaims any obligation to update such forward-looking statements and
encourages investors to refer to Flux Power&rsquo;s recent SEC filings for a detailed list of such risk factors. I will now turn
the call over to Ron Dutt, CEO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Ron Dutt:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Thank you. It is exciting to look back at
what Flux has accomplished since our last call in May. In the past four months Flux has successfully initialized the market for
our Flux LiFT Pack lithium-ion battery solution, designed to power Class III electric Walkie lift trucks or forklifts used for
the movement of commercial goods. We have attracted the interest of national accounts and the battery distributors and lift truck
dealers that serve them, and have penetrated the market and closed initial sales over the past two quarters. This is an impressive
achievement for our dedicated team.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The outlook is very promising for Flux in this market. We are
the early mover with the benefit of technical approvals from OEMs responsible for three quarters of the Walkie lift truck market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">So what is a walkie and why has Flux focused on this market?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Walkies are smaller forklifts where the operator walks in back
of the lift and its cargo. They are ideal for use on semi trailers and delivery trucks as well as for retail locations and warehouse
uses; if you look for them, you will start seeing them all around. There are more walkies in service than any other model of lift
truck across the U.S.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Until Flux&rsquo;s arrival on the scene, these material handling
workhorses have been powered by lead acid batteries, a technology developed over a century ago. Flux recognized that Lithium-ion
storage, combined with our proprietary battery management systems and design and build expertise, enables an energy storage system
that can deliver a better performing, longer lasting, more reliable, cleaner and safer solution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Flux has developed such a solution, demonstrated these performance
advantages and confirmed the substantial efficiency improvements and cost savings generated over a lift truck&rsquo;s useful life.
We were uniquely suited to this task based on our 5 years of experience in developing energy storage solutions for the specialty
automotive market where we generated nearly $6 million in sales prior to refocusing our company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Let me be clear - it is not easy to enter an established industrial
market and get its participants to change their thinking and adopt new technology. Procurement channels are in place, there is
skepticism and resistance to change and Flux was unknown. Breaking through this requires a great solution, combined with persistence,
active customer support and attentiveness to customer needs. And once you&rsquo;ve gained their interest, in the formative days
it requires actual piloting of the technology so they can experience the performance benefits for themselves.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Flux&rsquo;s small sales and marketing team has been engaged
in this missionary work over the past nine months, across the U.S. We have made great headway in introducing the market to our
solutions &ndash; and we have learned so much about the market, its dynamics and what features, functionality and performance characteristics
are important to end users.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Though this process has taken a bit longer than we had thought,
I am excited to confirm the business is executing. We are seeing accelerating growth in awareness, interest and actual contract
activity in engaging with our solutions &ndash; and we have every reason to believe this will expand and continue over many quarters
to come.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our fourth quarter revenues of $201,000 more than doubled over
Q3 levels. And our Q1 OEM and national account activity, highlighted in today&rsquo;s release, shows that our product is now being
recognized and is moving beyond the &ldquo;piloting&rdquo; stage and entering the &ldquo;adoption&rdquo; stage. We now receiving
offers for distribution of our product and requesting that equipment bids include our packs.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">One note of clarification - while the adoption by national accounts
has begun in Q1 as demonstrated by formal bids in negotiation, much of this activity relates to order lead times of 60 days or
more because it is tied to staggered equipment purchase schedules. Revenues related to such bids and contracts will be recorded
as revenue as the LiFT Packs are shipped to the customers over the next twelve months. So despite the solid progress with bidding
and the visibility for initial orders, our Q1 activity will not be reflected in our revenues which will be below those in Q4. The
good news, however, is that we have far stronger revenue and cash flow visibility in subsequent quarters because of our developing
order backlog and positive feedback from national accounts who have been using and monitoring our packs over the past several months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Given the difficulty in predicting the size, timing and delivery
timetable for future orders as we initialize a new market, we fully expect a fair amount of variability in our financial performance
over the next few quarters. However we are confident that the wind of awareness and demand is now at our backs and that Flux is
well positioned to further penetrate the national lift truck market with our LiFT Pack battery line.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">And lest you think we are doing this all by ourselves, I must
acknowledge the substantial support and encouragement we are receiving from the major lift truck OEMs and their dealer networks,
and in particular from our battery distribution partners, all of whom play very important roles in building awareness and support
for Flux and our LiFT Pack solutions. Their efforts in testing, marketing and sales, provide critical third-party support of our
company and our products, and warrant our tireless efforts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">What was little more than a product in development roughly a
year ago, is now rapidly gaining visibility as a smart, compelling, environmentally friendly solution that delivers a very compelling
ROI from a total cost of ownership point of view.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">But looking at the bigger picture, Flux is far more than just
Walkies, it&rsquo;s just that this market offers the most clear path to revenue growth and establishing a strong base on which
we can build other product lines. Our broader vision is the development of innovative lithium storage solutions that provide safe,
reliable and cost effective power for three key markets:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Motive Power &ndash; which is providing power for industrial vehicles
and machinery that is widely used in warehouse, trucking, delivery and other material handling applications. Walkies, stand-ons,
and tug and pull equipment are our first area of focus in this market and from there we do plan to extend into larger batteries
/ voltages / price points for larger applications in lift equipment and other areas. </FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Portable Power for military and entertainment applications in remote
locations, where we have already had some initial sales, and </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Stationary Power for larger scale grid and industrial storage, markets
that are currently taking a back seat to nearer term sales opportunities in other areas. We have entered bids with partners on
three such projects, and came in second on a large university project.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sales priority remains on larger customers where we can
better leverage our limited sales &amp; marketing resources. Fortunately, such customers tend to be more receptive to the longer-term
cost of ownership savings they can realize by switching to our products. They also play a critical role in focusing our distribution
partners on our solutions and validating Flux within the industry and lithium-ion phosphate batteries as the trend for the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We view our efforts as seeding national account interest and
the interest of battery distributors and equipment dealers as they recognize that certain of their key customers are interested
in exploring lithium-ion solutions. There is no more powerful driver of industry conversation than the moves of leading customers
and equipment OEMs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our other primary initiative for seeding the market has been
to seek OEM technical approvals for our LiFT Pack line. While these approvals are not endorsements of our products, they are critical
to opening the equipment dealer network to offer our packs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In February we secured product approval by Toyota material handling,
the leading global provider of lift equipment. And earlier this month we are able to add our third OEM technical approval and are
in dialogues currently as to how we are able to communicate this to the market. For now, what we can say is that our LiFT Pack
line for Class III walkie lift trucks has been approved by three of the top five lift truck manufacturers, who together account
for approximately 75% of the Class III market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On our channel partner front, we have expanded our distribution
network over the past four months. We are now in active dialogue with 18 regional battery distributors across 18 states and Canada
&ndash; up from 12 distributors and 14 states &amp; Canada in May. In the area of lift truck dealers, we have expanded our base
of active relationships to the equipment dealers networks that total over 400 dealers nationwide, meaningful growth over our base
of 12 active dealers across 11 states just 4 months ago. And our customer base now spans 18 states, up from zero a short 9 months
ago. Of course the expansion of our customer base and distribution network plays a powerful role in carrying the message that Flux
and its high performance, cost effective solutions have arrived to serve the needs of those operating lift truck fleets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our sales &amp; marketing efforts are increasingly balanced
across new customer discussions, pilots and initial one-pack purchases, and advanced dialogues looking at meaningful initial orders
and/or 12 month purchase programs to supply LiFT Packs with new and/or replacement equipment. We are also developing new features
or LiFT Pack models to meet special customers needs. We will be offering another Class III product for &ldquo;stand-on&rdquo; lift
equipment, which lifts heavier loads, and as the name suggests, enables theoperater to &ldquo;stand&rdquo; on equipment versus
walking behind. Of course this solution requires increased size and performance that will warrant a price that is significantly
greater than our existing LiFT Pack products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35pt">From an engineering standpoint, while working to
manage our costs, we continue to advance our development of a next generation battery management system,or BMS. Our focus is to
steadily improve product performance while also working to identify ways to reduce costs and enhance margins. Investments in maintaining
our leadership and competitive position in the markets we serve are critical to customer satisfaction and to our long term success.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.35pt">Our planned merger with KleenSpeed continues to move
forward as well, although its pace has slowed as our attention has been focused on initializing our LiFT Pack business. Due diligence
and the valuation process are nearing completion and will enable the negotiation of a definitive agreement. The transaction is
designed to support new revenue opportunities by adding KleenSpeed&rsquo;s industry expertise, patented grid energy storage technology
and products, and its commercial relationships and marketing strengths.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Portable Power</B></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Let me briefly turn to portable power, the second major application
we are actively pursuing. Portable refers to easy to use, reliable storage solutions that are ideal for use in remote locations,
generally instead of generators. Of course these solutions have a favorable environmental impact compared to portable generator
noise and emissions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our packs have been used with great success in the entertainment
industry to power lighting and remote filming. We are also working with a military integrator for an offering to the Army and Marines
to power gear in remote operations, and our packs are currently being used in &ldquo;trial programs&rdquo; of solar units to provide
continuous power for advance military field operations. Our packs are instrumental in enabling use of solar solutions after sundown.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">From a cash management standpoint, over the past year we have
substantially reduced our burn rate and have begun to layer in a growing base of contract activity with current and future cash
payments. To fund our working capital needs we completed a $1.9M private placement during 2014,converted $2.9M of debt and accrued
interest into equity at a price of $0.24 per share, currently negotiating a convertible credit line up to $500,000 and have we
raised an additional approximately $150,000 via a private placement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">And though we are making solid forward progress &ndash; and
also because of it &ndash; we have recently been working capital constrained, limiting inventory levels and investments in various
sales, marketing and administrative functions. We are working to find suitable ways to enhance our working capital position, balancing
growth with a focus on shareholder value, while not taking our eye off the ball with key customer opportunities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We are still in the early stages of our product rollout, however
we are confident that we have developed a strong solution and have identified a very promising initial market. Solid progress on
this opportunity should support our ability to secure additional growth capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In summary &ndash; it is a very exciting time at Flux and we
feel like we have largely de-risked the company by demonstrating a viable product, a substantial market and having secured initial
orders that confirm our ability to execute. I thank all of the stakeholders for their efforts and support and look forward to updating
you on our progress.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">So with that, let&rsquo;s open the call to your questions. Operator?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">=================================================</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Closing: </B>Thank you Operator and thanks to all of you
for your participation on the l today. We greatly appreciate your interest and support and encourage you to introduce Flux to your
friends or colleagues who could benefit from our solutions.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">And with that I&rsquo;ll conclude today&rsquo;s call. Thank
you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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