Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-11

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SimonGr

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01/05/22

13:34

Post #: 61130160
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Originally posted by Treed: ↑

In Jan21 the "few months" reference Tim made on page 2 of the December 2020 Quarterly Activities Report was this, bolded for clarity;

"In December, Redflow commenced its first customer trial of its new Gen3 battery to support an off-grid system in Mount Tamborine in Queensland.The site will utilise two Gen3 batteries for a number of weeks before returning to Redflow for further analysis and testing.The trial site is up and meeting expectations whilst providing valuable data into performance of the new Gen3 stack design and new Mk12 electronics.

The initial Gen3 trial is a critical milestone that will provide valuable insights into how the battery performs in a live environment.Redflow is aiming to achieve a 30% reduction in manufacturing costs through supply chain and engineering productivity impacts resulting from the Gen3 upgrades. Additional trials are planned over the coming months to ensure the battery is thoroughly field proven, prior to larger-scale deployments. The Redflow product and engineering teams have also commenced work on key design considerations for large and utility scale systems while leveraging the volume scale benefits of the core Gen3 Redflow battery design."

From page 2 of https://wcsecure.weblink.com.au/Clients/redflow/v2/headline.aspx?headlineid=21277285

At that time, 29 January 2021, there was no expected release time frame for the Gen3 battery, it was still very much in the field trial stage.

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“Battery performance will be evaluated from a broad range of measures including battery efficiency, temperature tolerance and discharge curves, allowing Redflow to tweak and refine the Gen3 battery design, if necessary, before going into production in the first half of this year.”

Tim Harris 6/1/21 interview with PV Magazine. This was 6 months after the production manager said they would be in the market in 2020.

RFX Price at posting: 3.8¢ Sentiment: None Disclosure: Not Held
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