Redflow Limited (ASX:RFX) will hold its 2017 Annual General Meeting from 10.30am (Queensland Standard Time) on Friday, November 24, at the Jindalee Hotel, Sinnamon Road, in the Brisbane suburb of Jindalee.
Redflow’s new non-executive Chairman Brett Johnson will address the meeting, providing details about progress of Redflow’s planned manufacturing facility in Thailand. Redflow’s recently appointed Chief Executive Officer Richard Aird will also attend the AGM. Redflow’s largest investor and non-executive director Simon Hackett will provide a brief technical presentation during the meeting.
Mr Johnson brings to Redflow more than 10 years’ experience as a director of listed companies, including Scott Corporation Limited and Helloworld Limited. He also worked for more than 25 years as a senior executive of listed Australian companies, including Memtec Limited and Qantas Airways Limited.
Mr Aird accepted the role of CEO after many years of involvement with Redflow, mostly recently as Chief Operating Officer, which has given him a great depth of knowledge of its battery technology.
“Redflow is at an exciting point in its history, after developing the world’s smallest zinc-bromine flow batteries with unique energy storage benefits,” said Mr Johnson.
“The Company has established demand for its batteries from telecommunications, commercial and residential customers; and recently starting the installation of its production line equipment at a new factory in Thailand.
“Once fully operational, the Thai facility will have the capacity to manufacture as many as 250 batteries a month. I am confident that once our new factory is producing quality batteries, Redflow will be able to demonstrate that it has a unique and viable product with real benefits for many energy storage applications.
“We will use the AGM to provide a full update on progress in Thailand. I hope to meet as many of you as possible at that meeting.”