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Redflow shares power up to 12-month highs

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Redflow's (ASX:RFX) shares continued their recent rally yesterday, adding another 13.6% to close at $0.335.

So far for the month of February, shares have rallied around 70%.

Redflow has a very unique business strategy which is currently in a transition phase to commercialise its flow battery technology.

The company has developed the world's smallest, most advanced flow battery, which is cost effective, while being a safe energy utilisation and storage solution.

With further proliferation of its technology into commercial and residential applications, this would deliver significant commercial benefits.

Redflow's biggest shareholder is Simon Hackett with 13.4%, who brings immense technological and corporate experience.

Hackett founded Internode, is a director of NBN Co, and a former director of iiNet.

The company is well-funded with around $6.2 million at the end of 2015, which includes a recent R&D tax refund.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Quick facts: RedFlow Ltd

Price: 0.026 AUD

ASX:RFX
Market: ASX
Market Cap: $31.22 m
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