In light of the World Health Organization’s declaration earlier this week that the COVID-19 coronavirus is a pandemic, I wanted to take a moment to let you know Redflow’s position and our response.
Overall, the widely reported disruption caused by the virus is having a minimal impact on Redflow’s operations. Redflow continues to operate its Thai manufacturing facility and we have a sufficient level of finished batteries to fulfil current orders and immediate sales opportunities. Our manufacturing facility in Thailand continues to operate on a business-as-usual basis under the supervision of our long-time Operations Manager, Praveen Kannankai.
Redflow currently maintains a healthy level of battery stocks in Thailand as well as in our main markets of South Africa and Australia. These finished batteries are available for immediate delivery while our Thai factory has a sufficient level of raw materials to fulfil our current manufacturing plans. Although we source materials from around the world, including China, we do not anticipate any significant impact from coronavirus disruption over the short to medium term. We continue to monitor the situation closely and remain in close contact with key suppliers. While the recent COVID-19 outbreak has delayed business development opportunities in China, Redflow plans to resume discussions with potential partners and customers at the appropriate time.
Given the dynamic nature of the virus and a prudent approach, we have undertaken appropriate travel protocols and contingency planning to maintain business operations if the situation deteriorates further.
We are monitoring the situation daily and will continue to implement any necessary measures to help protect our people and our business against the spread of the coronavirus, while we continue to execute on our growth strategy.
Thank you for your ongoing support of Redflow.
Redflow Managing Director & CEO