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 23.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 58.00
  • 52 Week Low: 23.00
  • Currency: UK Pounds
  • Shares Issued: 191.07m
  • Volume: 208,379
  • Market Cap: £45.38m
  • RiskGrade: 324

RedT Energy completes third generation cell stack design prototype

By Iain Gilbert

Date: Monday 19 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Energy storage solutions company RedT has completed design prototyping of its third generation cell stack, with the product now having been delivered to its premises.
After the initial stack design was completed, RedT engaged with its global manufacturing partner, which provided positive feedback on the design philosophy, inking a tooling equipment commitment with the firm.

In line with previous announcements, the company expects to deliver its third generation product during the second half of 2018.

RedT claims that its advanced liquid energy storage machines "will offer customers improved power and efficiency performance with a smaller footprint and at a reduced cost."

Scott McGregor, chief executive of RedT energy, said, "Our Gen 3 product will combine the best flow machine IP in existence with cutting edge design advancements, alongside millions of hours of machine operating experience and combined knowledge gained through decades of development by our team. We are proud to bring this high performance, low-cost energy storage machine to a customer market which is hungry for reliable, durable energy storage infrastructure solutions."

RedT has initiated the pre-selling process for its new systems and was said to be in late-stage negotiations with a number of customers and expects initial pre-orders of the Gen 3 product "to be announced shortly".

In parallel to Gen 3 pre-orders, sales of RedT's current Gen 2 machines continued to move in line with market expectations.

"We firmly believe that our next generation machines will be an industry-leading product and we look forward to updating stakeholders on our Gen 3 offering over the coming months," McGregor added.

As of 1205 GMT, shares had picked up 7.20% to 6.32p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IES Market Data

Currency UK Pounds
Share Price 23.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 58.00
52 Week Low 23.00
Volume 208,379
Shares Issued 191.07m
Market Cap £45.38m
RiskGrade 324

IES Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.16% above the market average30.16% above the market average30.16% above the market average30.16% above the market average30.16% above the market average
4.44% above the sector average4.44% above the sector average4.44% above the sector average4.44% above the sector average4.44% above the sector average
Price Trend
43.77% below the market average43.77% below the market average43.77% below the market average43.77% below the market average43.77% below the market average
86.14% below the sector average86.14% below the sector average86.14% below the sector average86.14% below the sector average86.14% below the sector average
Income Not Available
Growth
0.64% above the market average0.64% above the market average0.64% above the market average0.64% above the market average0.64% above the market average
12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IES Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:12 3,134 @ 23.93p
15:45 2,000 @ 23.97p
14:57 10,854 @ 23.50p
14:01 500 @ 24.00p
14:00 9,900 @ 23.00p

IES Key Personnel

CFO Jonathan Anthony Frank Marren

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