🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-Redflow updates on performance of products in field and on recent strategic review

Published 24/04/2017, 10:04 am
© Reuters.  BRIEF-Redflow updates on performance of products in field and on recent strategic review
RFX
-

April 24 (Reuters) - Redflow Ltd RFX.AX

* Redflow has recorded some unexpected product failure modes from remote monitoring of batteries deployed at customer sites

* Redflow has temporarily suspended delivery of new battery stock to customers until further test results are obtained from additional battery stocks

* Most of these problems were resolved on an ongoing basis

* New laboratory tests of samples from a further 20 batteries have just been submitted to an australian test laboratory

* Redflow has about $1 million worth of product backorders

* If test results are acceptable, redflow expects to resume battery deliveries from tested stock.

* Delivery of new batteries has been paused pending outcome of further testing

* Redflow Ltd provides an update regarding performance of our products in field and also regarding recent strategic review Source text for Eikon: ID:nASX9WknQ1 Further company coverage: RFX.AX

(bangalore.newsroom@thomsonreuters.com)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.