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.