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RedFlow presenting at "Sydney Investor Luncheon", 28 May

Published: 09:51 20 May 2014 AEST

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RedFlow’s (ASX: RFX) unique zinc bromine (ZBM) flow batteries have fuelled a 187% rise in its share price on a 52 week basis.

Managing director Stuart Smith will speak on this success in the making at the upcoming "Sydney Investor Luncheon" on the 28th May 2014.

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In addition, the company’s partnership with Flextronics (NASDAQ:FLEX), a US$5.7 billion manufacturer with facilities in over 30 countries, brings scalability that could help reduce the cost of batteries as well as quality assurance, repeatability and consistency.

The company’s ZBM flow battery is a high performance battery that provides high energy density and best performance in deep discharging applications.

It operates at 100% and partial charge and discharge without degradation.

Recent developments have meant that all electrical components on the battery are now DC powered and all components that previously required an auxillary AC power supply have been replaced with DC components.

It has recently signed an agreement with Philippines based SMS Global Technologies to supply an initial two batteries to enable SMS to develop a flow battery storage solution for off-grid telecommunication applications in the Philippines.

Given that SMS believes the batteries, which are made predominantly from plastic, are ideal for storage applications in harsh environments and off-grid locations, this could lead to further orders.


RedFlow currently has approximately $4.2m cash on hand and is debt free.

 

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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