Redflow contract with Platinum Land of continuous price rise
Australia flow battery enterprises Redflow (ASX: RFX) announced that it has signed a contract with China Platinum Huitong company providing battery solutions for a smart grid project Putnam Huitong. ... Source: "Macao and China Finance Online" editor: Tony 2019-05-20 11:40:22
ACB News "Macao and China Finance Online" May 20 news flow battery Australian enterprises Redflow (ASX: RFX) announced that it has signed a contract with China Platinum Huitong company, to provide an Putnam Huitong smart grid project battery solutions.
Notice that the project is a solar smart grid system, for fast charging electric vehicles. Redflow flow cell 10 will be provided for the project. Common lithium and different flow cell liquid electrolyte "flow-through" systems, power generation by a chemical reaction.
Announcement by the impact, Redflow shares on Friday rose 20.5%, to close at 4.7 cents. Monday's stock continued to rise, 12:56 sold for 4.9 cents per share, jumped 4.26 percent.
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RFX Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held