Invinity Energy Systems Plc

Management Reports • Mar 8, 2017

National Storage Mechanism | Additional information

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RNS Number : 8784Y

RedT Energy PLC

08 March 2017

8 March 2017

redT energy plc

("redT" or the "Company")

Commercial Director Appointment

redT energy plc (AIM:RED), the energy storage technology company, is pleased to announce that it has appointed David Stewart to the role of Commercial Director.

David joins redT from Jabil Circuit Inc. (NYSE:JBL) where he was the Director for Strategic Investment. He presided over the implementation of Jabil's investment strategy in the distributed power market, network optimisation and emerging technologies in developing geographies. Prior to Jabil, David worked at Hewlett Packard (NYSE:HPQ). Keysight (NYSE:KEYS) and Viavi (NASDAQ:VIAV) for twenty three years leading Operations, Oracle ERP Implementation, R&D, Sales, Product and Wireless Businesses.

David will be responsible for redT's Commercial Sales, Software, Customer support and Implementation teams.

A specialist in the field of engineering, David has a BEng in Electrical & Electronic Engineering from Edinburgh Napier University.

Scott McGregor, CEO of redT said:

"We are very pleased to welcome David to redT. He brings with him a wealth of experience in leading sales, engineering and product teams in fast moving technology businesses and has a track record of delivering results. David knows the redT team well having worked with redT as a supportive partner. David is a strong addition to the redT senior leadership team and we look forward to working with him to achieve our business strategy over the coming years."

Enquiries:

redT energy plc	+44 (0)207 121 6100
Scott McGregor, Chief Executive Officer
Joe Worthington, Investor & Media Relations
Cenkos Securities plc	+44 131 220 9772
Nick Tulloch	+44 131 220 9100
Derrick Lee
Celicourt (Financial PR) Mark Antelme Joanna Boon Jimmy Lea	+44 (0)20 7520 9266

Notes to Editors

About redT energy

redT energy develops and supplies durable and robust energy storage machines based on proprietary vanadium redox flow technology for on and off-grid applications. The liquid storage medium affords an exceptionally long life of up to 25,000 full charge/discharge cycles and a 100 per cent usable depth of discharge. Combined with low maintenance requirements, this delivers industry leading lowest levelised cost of storage (LCOS) and total cost of ownership (TCO) results. The modular approach allows the power and energy components of systems to be independently sized to meet customer requirements.

Until now it has not been possible to directly compare variable renewable energy generation sources with diesel or fossil fuel generation. PV + Storage is now reaching 'grid parity' in many countries, a paradigm shift in energy production, which will ultimately enable a distributed energy network optimising conventional and renewable generation. The redT energy storage machine has applications in remote power, smart grids, power quality, and all aspects of renewable energy management.

To find out more about redT products or to register your interest in purchasing an energy storage machine please go to the below web address:

http://www.redtenergy.com/register-interest

For sales enquiries, please email [email protected] or call +44 (0) 207 061 6233

This information is provided by RNS

The company news service from the London Stock Exchange

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