Expion360 Business Summary

Expion360 Inc. (XPON) is a leading manufacturer and distributor of high-density lithium iron phosphate (LiFePO4) batteries and power storage accessories. The company generates revenue primarily through product sales to a diversified network of over 300 dealers, wholesalers, and original equipment manufacturers (OEMs). Its primary business segments include Recreational Vehicles (RV), Marine, and Home Energy Storage, with a strategic 2026 expansion into the industrial, construction, and surveillance sectors. Expion360 competes directly with Dragonfly Energy (DFLI), RELiON Battery, and Flux Power (FLUX), positioning itself as a premium provider of "minimal-footprint" energy solutions that offer ten times the charging cycles and three times the power of traditional lead-acid batteries. Co-founded in 2016 by John Yozamp and Paul Shoun, the company underwent a significant leadership transition in late 2025 to drive its next phase of growth. As of March 2026, the executive team is led by CEO and Chairman Joseph Hammer, a veteran financial executive with over 20 years of experience, including his previous role as Chief Investing Officer at LHX Corp. The leadership team also includes Chief Financial Officer Shawna Bowin, who brings extensive public accounting expertise, and Chief Operating Officer Carson Heagen. The Board of Directors features notable industry figures such as former CEO Brian Schaffner and independent director Scott Burell, CFO of Trailblazer Merger Corporation I. Recent capital injections from institutional investors via private placements have bolstered the company's balance sheet to support its 2026 technology roadmap and market diversification.