Highlights30 Jan 2015 07:15
The Directors expect sales to be generated following the production of Jabil manufactured REDT batteries and successful installation of these systems at customer sites during 2015. Any sales prior to delivery and installation of these systems would be with early adopters and customers working closely with REDT
· Given the above, we are proud to announce initial orders have been received for 5 units, signalling market interest and confidence in the REDT battery technology at the pre-production stage
· Now that the business has entered its commercial phase, REDT has hired a dedicated sales director with many years of experience in the sector
Implementation
· Detailed design is now complete for the small and large product range (including 5kW-30kWhe, 10kW-30kWhe, 15kW-180kWhe, 30kW-180kWhe, 45kW-180kWhe and 60kW-180kWhe)
· The team has addressed successfully many anticipated engineering production issues expected when moving from prototype design to a commoditised manufactured product in parallel with Jabil's quality control reviews
· Production has commenced at the Jabil manufacturing facility in Scotland
· Manufacturing of internal stacks (the core technology of the battery) has been completed and these have been tested successfully at the Jabil facility
· Production is now focussed on completing the build, certification and electrical testing for delivery during 2015 of ten 5kW-30kWhe units to selected customers across a range of customer applications and delivery of seven 15kW-180kWhe units to the Isle of Gigha
Cost
· Initial 40% cost reductions have been achieved on these systems
· Further supply chain and research initiatives are underway to continue cost reductions, both from a production design engineer perspective, component sourcing and from research and development initiatives