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Redflow banks $2.96M research and development tax rebate

Redflow banks $2.96M research and development tax rebate

Energy storage solutions provider Redflow (ASX: RFX) has received a $2.96 million payment from the Australian Taxation Office for the Research and Development Tax Incentive.

This is higher than the $2.5 million that it had been expecting.

The company’s ongoing development of its core zinc-bromide flow batteries is continuing with recent improvements resulting in a product that is believed to be suitable for volume manufacture.

It has engaged with contract manufacturers and is in the process of reviewing final proposals from shortlisted manufacturers with a decision expected soon.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong/China.

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Redflow Ltd Timeline

Newswire
February 23 2016
Newswire
February 16 2016

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