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’s () core zinc-bromide flow battery has received CE approval a requirement for sales in Europe.
As part of the CE certification process the ZBM underwent and passed rigorous independent assessment and testing over several months in the areas of safety and EMC.
This included testing of the ZBM’s electronics mechanical design noise and temperature characteristics.
Changes required were minimal and these will be rolled out to production immediately and all products sold will now be CE compliant.
It also allows its partners to integrate the ZBM for use in energy storage systems in Europe.
Manufacturing of the batteries will be carried out by Flextronics (NASDAQ:FLEX) a US$6.4 billion market cap.
In December the company said additional new trials had been approved by four new and existing customers.
Commercial sales from these trials are expected to begin in the second quarter of 2015.
This will help its focus on securing early sales and building sales volumes through calendar 2015 to the level at which it is at least cash flow neutral.
Zinc Bromine Flow Batteries
’s zinc-bromide flow batteries have a significant advantage over traditional technologies including lithium in their ability to discharge daily at 100% for up to 8 hours (or longer).
This compares with competing technologies which have previously been for relatively short term power requirements.
However large amounts of investment and resources are being invested to extend the applications to which they can be applied and the company continues to monitor competitive changes closely.
Zinc bromine batteries are expected to have a 19% market share of the energy storage market which is predicted to be worth $114 billion by 2017.
Analysis
The CE approval allows to begin selling its zinc bromine batteries in Europe.
In addition its partners can also integrate the ZBM batteries in energy storage systems.
already benefits from its manufacturing agreement with Flextronics which also allows it to tap the latter’s extensive global supply chain.
This along with the focus on developing its sales pipeline provides the potential for the company to be cash flow positive by the end of 2015.
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