Flux Power Holdings, Inc. announced the appointment of Kevin Royal, CPA, a seasoned finance and accounting executive, as Chief Financial Officer of the Company, replacing Chuck Scheiwe as part of a planned transition given the Company?s strong financial performance and inflection point. Mr. Scheiwe will remain with Flux Power in a consulting role for the near term to help facilitate the transition. Kevin Royal brings over 20 years of experience as a Chief Financial Officer for four publicly traded companies, with oversight of Finance, Accounting, IT, HR, Legal, Investor Relations, and M&A. He has a history of demonstrated achievements contributing to superior corporate performance through expert alignment of financial initiatives and operational goals with organizational objectives.

Before joining Flux Power, Kevin was Executive Vice President and CFO for Zovio Inc. (formerly Bridgepoint Education) where he led vision, strategy, and execution for all facets of corporate finance and accounting. Previously he was Senior Vice President and CFO of Maxwell Technologies, a publicly traded developer and manufacturer of energy storage and power delivery products for automotive, heavy transportation, renewable energy, wireless communications, and industrial and consumer electronics applications. There he introduced product cost reduction and pricing controls that substantially increased gross profit margins from the sale of the company's energy storage, power delivery, and radiation-mitigated microelectronic products.

He also served as CFO at Blue Coat Systems and Novellus Systems. Kevin holds a Bachelor of Business Administration, Accounting, from Harding University and is a Certified Public Accountant. As Chief Financial Officer of Flux Power, Mr. Royal will provide financial leadership to assist in building on the Company's goal of delivering value to its shareholders by implementing short, medium and long-range financial planning, budget development, risk management, corporate strategic development, system implementation, process improvement, regulatory compliance reporting, financial reporting for management, internal controls and tax advice.