The following report is the transcript of a presentation by Redflow Limited Non-Executive Director Simon Hackett made to the Redflow Annual General Meeting at 10:30am – Friday 24 November 2017.
Continue reading “Redflow Limited 2017 Annual General Meeting Comments by Simon Hackett”
In July 2017, Redflow Limited announced a $14.5 million investment package, enabling it to target sustainable delivery of its zinc-bromine flow batteries to high demand areas such as telecommunications.
Download Redflow Limited’s Investor Presentation from July 2017
Equity research│June 7, 2016
We reinstate coverage of RFX following its recent capital raising. We expect RFX to end FY16 with ~A$12.5m of net cash and sales ramping up.
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RFX’s ZBM is commercial in key applications. While trials are going well, conversion to revenue is slower than expected, which prompted the recent A$16.1m capital raising. In the last 12 months RFX has reduced its selling price by 36% to US$44cents per kilowatt hour and we believe it’s well placed to slide down the cost curve at a faster pace than competitors (including the well promoted Tesla Powerwall). If the ZBM follows the ~20% pa cost reduction that solar experienced, then we believe it has the potential, within a couple of years, to be one of the most economically compelling energy storage products in the market.
Please click here to read the full analyst research update.
Over the last 18 months the revised RFX Board have: 1) improved their battery (it’s now commercial ready); 2) signed up three major System Integrator partners (system developers and distribution channels); 3) completed stage 1 of scalable manufacturing with stage 2 to be completed by December ; and 4) replenished the bank balance (the Board expects RFX to be cash flow positive at the end of CY15). We expect SI’s to test the outsourced product over 3-18 months and gradually begin increasing volumes …
Please click here to read the full analyst research update.
