Company making year IMO3 Jan 2018 17:06
Make it break year for redT?
Well it�s been a hard slog to get to this point, hovering around placing price with little news from company, not a lot has changed.
So 2017 has seen us move from a development company to commercialisation phase of that development, so far we have over 40 units for installation this year with a few installed in places such as France, Germany, U.K, Africa and soon to be Asia and Australia.
That�s quite a global footprint for a little minnow, large players such as E.on, Centrica have working products to show potential clients here in UK, we are also working with Universities here in UK, Portugal and Australia, all investigating the potential of a new technology that�s not been commercially available until now.
Add we have a partner in Asia that as yet is to be disclosed, that would imply it�s a big player, maybe a utility as in case of E.on previously, selling our products. With 0.6MWh already ordered that we know of, it appears these have been sent to various locations for testing else they would have opted for the larger units.
Our sales pipeline has increased dramatically with only a partial team in place and without a large-scale system operational.
Those initial seeding units will soon have two years operational data, that�s quite key in a new technology, sure we have our Portugal system running for several years but these are working in field showing worth. Get Gen3 launched, a fully operational team and vast experience under belt our product should sell itself, or rather our partners such as Centrica, E.on and others will be doing that job for us, as Centrica have said they have clients for this product across the globe.
Add UK legislation is clearly in favour of our product over lithium, this really should be a ground breaking couple of years, big contracts will soon be confirmed to market and they will keep coming.
2018 and going forward is the year redT stops being quiet and starts shouting, bring it on.