Proactive Investors - Run By Investors For Investors

Redflow shares power up to 12-month highs

Redflow shares power up to 12-month highs

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.

View full RFX profile View Profile

Redflow Ltd Timeline

Newswire
February 23 2016
Newswire
February 16 2016

Related Articles

ROBO Global US CEO Travis Briggs
August 15 2018
Investors can buy directly into the popular ROBO ETF based on the benchmark index comprised of 87 top robotics, automation and AI companies.
Digital Marketing
February 19 2019
The digital marketing group said it saw a marked improvement in underlying profitability in the second half of its last fiscal year, and is aiming for "modest" revenue growth going forward
1543288499_shutterstock_760467970.jpg
November 27 2018
Covata provides software solutions that enable continuous identification, classification and secure management of unstructured data.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use