ASX Release Strategic

On 16 April 2012, following a strategic review, RedFlow announced its intention to focus in the near-term on expanding the Company’s product demonstration program across both end-users and systems integrators.

Consistent with this strategy RedFlow is pleased to announce that it has signed an agreement to deploy a building integrated energy storage system (BIES) in the new Global Change Institute – the “Living Building” – on the St Lucia campus of The University of Queensland. The Agreement has a total contract value of $670,000.

The 120 kW system with 36 Gen 2 RedFlow ZBM batteries is based on RedFlow’s M-class technology and is scheduled for installation by October 2012.

This demonstration unit is one of a number RedFlow aims to deploy with partners and end-user customers. These demonstration systems provide long-term, real world testing and are a crucial step towards commercial deployment of RedFlow batteries.

Professor Ove Hoegh-Guldberg, Director of the Global Change Institute at the University of Queensland said: “The RedFlow M-class system is an important part of the Living Building project with the building designed to be carbon neutral and become certified by the Living Building Challenge. Having building integrated energy storage is an important component that contributes towards achieving that goal and the RedFlow M- class system meets that need well.”

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