(MENAFN- ProactiveInvestors - Australia) RedFlow (ASX: RFX) is a developer and manufacturer of zinc-bromide flow batteries, and has today provided an update that the ongoing development of core technology continues and that testing results are showing improved efficiency and throughput.
The company also noted that it is in the process of looking for a strategic investor to help the company move its battery to a commercial state.
A focus for the company during 2012 was to complete third party ZBM testing at the leading US laboratory, Sandia National Laboratories, which produced operational performance results in line with expectations.
Another highlight last year was the installation of the first 90 kW M-class energy storage system in conjunction with Australia's largest rooftop solar PV array at the University of Queensland.
RedFlow had $5 million in cash at the end of March 2013. Â
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