Changes at Redflow ahead of ZCell deliveries

Redflow has announced senior management changes as the company prepares for the first deliveries of ZCell residential flow batteries in Australia. The Redflow board has appointed executive chairman Simon Hackett as acting chief executive officer while fellow board member Richard Aird was named acting chief operating officer, reported ECD (Electrical Comms Data). Read the full story at http://www.ecdonline.com.au/content/business-and-management/news/changes-at-redflow-ahead-of-zcell-deliveries-1428048562.

Redflow’s home batteries to start shipping in June

Australian energy storage outfit Redflow has started taking pre-orders for its home battery, dubbed the ZCell, but please don’t pitch it against the Tesla PowerWall, reports Richard Chirgwin in The Register. While the comparison is probably inevitable, Redflow chairman and Tesla ‘leccy car owner Simon Hackett told The Register the company is not after the entry-level home solar user. Click here to read Richard’s article.

 

Former Internode director joins Redflow board as company readies for residential battery launch

Redflow has appointed experienced technology industry executive Patrick Tapper to its board of directors, just one week before its residential battery launch.

With more than 25 years experience in the telecommunications, technology, media, and entertainment industries, Mr. Tapper will hold a non-executive role at Redflow starts its next phase of growth.

Continue reading “Former Internode director joins Redflow board as company readies for residential battery launch”

RedFlow raises $16.7M with large investor appetite

Redflow (ASX:RFX) has received strong shareholder support in raising $7 million in an oversubscribed pro-rata non-renounceable entitlement offer. The company accepted some oversubscriptions as the initial plan was to raise $6.4 million. The raising was priced at $0.20 and also comprised a A$9.7 million placement, for a total raise of around $16.7 million. Shares last traded a $0.23, a premium to the offer. Redlow produces a unique modular zinc-bromide flow battery which provides cost effective, safe energy utilisation and storage.. Read more at Proactive Investors

NBNco director Simon Hackett joins Redflow board

Simon-Hackett-and-Howard-Stack
Left to right: Simon Hackett (RedFlow Non-executive Director) and Howard Stack (RedFlow Non-Executive Chairman)

RedFlow is proud to announce that Internode founder and NBNco director Simon Hackett has joined the board of RedFlow (ASX:RFX), as a non-executive director.

Simon assumed his new role at the RedFlow Annual General Meeting which was held in Brisbane on 21 November 2014. The highly regarded technology investor made an investment of $2.2 million into RedFlow this May, adding to a portfolio of innovative Australian technology businesses, including AvSoft and UltraServe.

Simon said he was delighted to join the RedFlow board. “RedFlow offers a truly disruptive technology that can contribute strongly to the renewable energy revolution,” he said.

RedFlow is a market leader, being one of the first companies to install fully operational and functional zinc-bromide modules (ZBMs) into a range of stationary energy applications. The ZBM’s capability of daily deep charge and discharge makes it ideal for storing and shifting intermittent renewable energy, managing peak load on the grid and supporting off-grid (‘island’) power systems.

“After a long period of research and development work to create the ZBM solution, RedFlow is now in full commercial production of their battery systems. The time is right for RedFlow – and for the renewable energy sector. I’m excited to be a part of it,” said Simon.

As a leader in the telecommunications industry, recently receiving the Charles Todd Medal for excellence, Simon is welcomed to the board by RedFlow Chairman Howard Stack.

Howard said: “Simon’s experience with developing and commercialising disruptive technologies with global applications, combined with his entrepreneurial skills, will be invaluable to RedFlow as we move into our commercialisation phase. This is a strategic appointment for RedFlow and we look forward to Simon’s contributions.”

Simon founded Internode in 1991, growing it to become Australia’s largest privately owned broadband company by 2011, when he sold it to ASX-listed iiNet.

He was a non-executive director of iiNet from August 2012 until November 2013, when he stepped down to become a non-executive director on the board of NBNCo Limited. For more about Simon’s background, visit https://www.simonhackett.com/about.

Significant patent granted to Redflow

Redflow Limited (ASX: RFX) is pleased to advise that the Australian Commissioner of Patents has granted Australian standard patent number 2008232296 for a “Cell Stack for a Flowing Electrolyte Battery” to Redflow. The patent grants a 20 year monopoly to RedFlow including the rights to prevent competitors from making, using and selling flowing electrolyte batteries having a new and inventive battery cell stack architecture in Australia. This patent is also being registered in a significant number of other countries. Redflow’s patented cell stack architecture enables improved robustness and efficiency, and reduced size and weight of flowing electrolyte batteries. Click here to download the report.