Business
redT signs partner agreements
redT signs partner agreements.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n \nRNS Number : 9632Q RedT Energy PLC 18 September 2017 \n\nThis announcement contains inside information\n \n18 September 2017\nredT energy plc\n \n(\"redT\" or the \"Company\")\n \nredT signs partner agreements including European and South East Asian Distributors, 12 units committed with over 300 unit pipeline\nSales and R&D teams strengthened by senior hires from key global competitor\n \nredT energy plc (AIM:RED), the energy storage technology company, is pleased to announce that it has signed partnership contracts including agreements with Central & Eastern European and South East Asian Distributors. Under these agreements, the partners plan to place redT energy storage machines into their existing qualified pipeline of in total, more than 300 units, whilst making an initial commitment for 12 redT units overall. The partners will also provide maintenance and after-sales care to customers in their respective regions. This move will enable the Company to rapidly expand into these new markets alongside experienced and well respected partners. \n \nredT has also recently made two senior hires within the Sales and Research & Development divisions. Bengt Stahlschmidt has joined as Global Business Development Lead, alongside Adam Whitehead who has joined as Research Principle. \n \nBengt was responsible for more than 16MWh of flow machine sales during his time at Austrian-based flow machine company Gildemeister, where he held the position of Head of Global Sales. With over 12 years experience in the energy sector, Bengt will work closely with the wider redT sales team on progressing and executing final stage customer contracts, in addition to strengthening the active customer pipeline outlined in the recent Operations Update.\n \nAdam also joined the Company from Gildemeister, where he held the position of Head of Research. He assumes a key, senior role within redT's Research & Development team and will work closely with the engineering team on further enhancing the performance of the Company's patented energy storage technology. Adam is a leading authority within the flow machine industry with over 15 years experience in the space and during his time at Gildemeister, oversaw more than 1.5 millon hours of global machine operation. To date, he is responsible for over ...