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RFX - REDFLOW LIMITED


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Redflow Limited requests a trading halt in respect of its shares from the commencement of trading on 13 July 2017.

 

The trading halt is requested pending an announcement by the Company in relation to a capital raising

from 60c to 16c over the last year - certainly not a beneficiary of the Battery revolution (being SA-based must add to the chagrin)

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Red ink Flow has a presentation, announcing their new 10kWhr ZBM2 model

- they seem to be positioning themselves as Lead-Zinc disruptors ... Li-ion too hard?es (lead-acid and lithium) Disru

ZBM2 supports 100% cycle depth daily with no loss of storage capacity.

- retains full energy storage capability over its lifetime.

- lifetime is not affected by cycle depth or daily use.

- is unaffected by complete discharge for arbitrary periods.

- operates at up to 50 degrees Celsius without external cooling.

- is not prone to thermal runaway or fire.

- batteries are natively 48 volt and wired in parallel.

- is smart - active control, monitoring and self-protection systems.

- tanks made of recyclable HDPE that contain re-useable electrolyte.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ The technical strengths of Lithium batteries (high impulse power output and high energy density) are not required and offer no advantage in these markets.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ The perceived risk in terms of thermal runaway or fire is unacceptable to some customers and can add substantial cost (fire safety protection, barriers to installation approval from councils and safety agencies).

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ The consequential economic loss risks inherent in the destruction of a major telecommunications or network power site are substantial. The potential for damage due to fire originating within the energy system is a common concern in this marketplace.

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢

Redflow target markets for energy storage and delivery are those that need a long-life, daily-deep-cycle "marathon runner".

 

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Lithium based technology is best suited for applications that require a "sprinter", with a focus on the delivery of very high power energy discharges of relatively short duration (e.g. electric vehicles, grid frequency and voltage stabilisation) or that require very high energy density for portability (e.g. consumer electronics).

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I have had my eye on RFX for a while now, I think they could be a goer but still seem to be not quite there yet, Simon Hackett is a gun imo and am pretty much putting my faith in his abilities with this one even though I haven't bought in yet.

 

Good luck

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Redflow Limited has completed the first ZBM2 batteries using battery stacks made by its new Thailand factory, which are now ready for shipment to customers.

 

The battery stack is the critical part of the Redflow ZBM2 zinc-bromine flow battery, with electrodes that charge the battery by depositing zinc on a membrane and discharge it by reversing that process.

 

At RedflowÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Brisbane headquarters, the Thai-made battery stacks were installed on existing ZBM2 battery ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¹Ãƒƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“tank setsÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ and connected to performance-testing equipment. After passing pre-delivery tests, these complete batteries are now scheduled for delivery to supply existing customer orders.

 

Redflow will continue to assemble, test and deliver limited quantities of ZBM2 batteries with Thai-produced battery stacks until it starts end-to-end manufacturing and testing of complete batteries in Thailand by June.

 

- but not exactly setting the market on fire.
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Australian battery company Redflow Limited RFX has named experienced technology executive Tim Harris as its new CEO to focus on the company's growth and commercialisation. Tim Harris has extensive international business experience from the telecommunications sector - a key market for Redflow - where he was previously Chief Commercial Officer for Chorus in New Zealand and held senior leadership roles for BT Group in Singapore and the UK.

 

Long-term Redflow executive Richard Aird returns to the role of Chief Operating Officer, a critical position that focuses his deep skills and experience with development of Redflow's unique ZBM2 battery to ensure its successful production by the new factory in Thailand. Richard will continue his successful work in driving cost-downs, optimisations and quality improvements in the supply-chain and manufacturing process as the company prepares to ramp-up battery production during 2018.

 

Since last year's strategic review, Redflow has transferred its manufacturing operations from North America to Thailand, where it is now successfully producing battery stacks - the critical component of its zinc-bromine flow batteries - and is on track to produce full batteries by June this year.

 

 

 

 

 

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Battery boom 'only just beginning', says tech tycoon

 

.... "We're on the cusp, for the second time," Hackett says. "Redflow is a high-technology start-up; there are still some risks. In a market sense, it's still a speculative stock because we don't have an existing income stream. "But I tend to work on belief structures. I like the technology, it is unique. All we have to do now, having proven people will buy them, is make them and that's what we'll be doing this year finally, after a few false starts. "Over the last few years, we crossed the line from wanting people to believe this is a good idea to agreeing with us, (but) in the midst of that the choice of factory wasn't working out."

 

Redflow offers two types of its 10KWh zinc-bromine flow batteries, which store energy by extracting zinc from a solution. They discharge by reversing that process. The company last year relocated its manufacturing base from Mexico to Thailand after its North American partner, Flex, failed to reliably make the complex electrode stacks that sit atop the batteries. Orders were made, deliveries were missed, which Hackett concedes "pissed a few people off". "We had to hit the pause button ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¦ and now have to rebuild the sales pipeline," he says.

 

CEO Brett Johnson says rather than compete initially with Tesla's lithium-ion PowerWall, the board is targeting markets that need a long-life, deep daily cycle option. "The example would be telecommunication towers, particularly in Asia and Australia where most towers have lead acid batteries as back-up, which need to be replaced regularly," he says.

 

By June, Redflow expects its new manufacturing partner and long-term supplier, MPTS, will be capable of producing 250 batteries a month. It expects to reach this level in December, which would see it break even for the first time. In February it posted a $3.8m loss for the December half, although that had narrowed from $6m the same time a year ago. Another capital raise has not been ruled out in the meantime.

 

"When that factory is making a reasonable number of batteries, we can build another factory with more automation," Hackett says. "We can drive a lot of cost out through automation, but it's a walk before you run thing. We're going to get it right in Thailand, just produce a predictable number of batteries that work well, that kind of boring thing."

 

Redflow has greater control at its new facility, 100km south of Bangkok, near a deep sea port and in a region where Hackett expects demand for energy storage solutions to soar soon. "It feels to me, and this is what attracted me, like the start of the internet service access market. I think anyone making batteries in five years' time is going to be run off their feet, us included," he says.

 

At his innovation hub in Adelaide's inner-east, where 15 Redflow batteries combine with a 70KW solar system, Hackett leads a team of software developers whose focus is to improve integration into existing energy management systems. "A key point is we're not Tesla, we're actually much closer to Samsung or Panasonic in this realm. We make a better battery, and our mission is to make it plug and play into other people's energy system," he said.

 

While Redflow's focus is on the industrial and telecommunication markets, Hackett is disappointed the South Australian government recently named Tesla as the sole supplier for its planned 250MW, 50,000 home "virtual power plant". "But if you take the long view, that's only 50,000 (batteries). If that thing is a catalyst, the next lot could be 500,000," he says.

 

Again, he uses Tesla's 100MW Jamestown battery as proof of the market's growth potential. "The people who say that (battery) is only going to solve 1 per cent of the grid's problem, exactly, so how big is the market?" he says. "As a battery manufacturer, this is where the joy starts. This market is just barely opening up."

https://www.theaustralian.com.au/business/t...54c46b08cdac21b
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