Australian battery company Redflow Limited (ASX: RFX) has named experienced technology executive Tim Harris as its new CEO to focus on the company’s growth and commercialisation.
Long-term Redflow executive Richard Aird returns to the role of Chief Operating Officer, a critical position that focuses his deep skills and experience with development of Redflow’s unique ZBM2 battery to ensure its successful production by the new factory in Thailand. Richard will continue his successful work in driving cost-downs, optimisations and quality improvements in the supply-chain and manufacturing process as the company prepares to ramp-up battery production during 2018.
Since last year’s strategic review, Redflow has transferred its manufacturing operations from North America to Thailand, where it is now successfully producing battery stacks - the critical component of its zinc-bromine flow batteries - and is on track to produce full batteries by June this year.
Tim Harris has extensive international business experience from the telecommunications sector - a key market for Redflow - where he was previously Chief Commercial Officer for Chorus in New Zealand and held senior leadership roles for BT Group in Singapore and the UK. More information about Tim is available at https://redflow.com/about-us/board-management/.
Redflow Chairman Brett Johnson said the company was now focussed on growth. “After a year of change, we are enormously grateful for Richard’s leadership to establish the new factory in Thailand, which is the foundation for our next phase of growth,” he said.
Australian battery company Redflow Limited (ASX: RFX) has completed the first ZBM2 batteries using battery stacks made by its new Thailand factory, which are now ready for shipment to customers.
The battery stack is the critical part of the Redflow ZBM2 zinc-bromine flow battery, with electrodes that charge the battery by depositing zinc on a membrane and discharge it by reversing that process.
At Redflow’s Brisbane headquarters, the Thai-made battery stacks were installed on existing ZBM2 battery ‘tank sets’ and connected to performance-testing equipment. After passing pre-delivery tests, these complete batteries are now scheduled for delivery to supply existing customer orders. Redflow will continue to assemble, test and deliver limited quantities of ZBM2 batteries with Thai-produced battery stacks until it starts end-to-end manufacturing and testing of complete batteries in Thailand by June.
Centrify, a leading provider of Zero Trust Security through the power of Next-Gen Access, has reported results of a new research study with Dow Jones Customer Intelligence that reveals a startling misalignment between CEOs and technical executives which is weakening enterprise cybersecurity.
The report, CEO Disconnect is Weakening Cybersecurity, highlights that CEOs incorrectly focus on malware, creating a misalignment between them and executives with technical expertise that escalates risk and prevents organisations from effectively stopping breaches.
Technical executives on the front lines of cybersecurity, such as CIOs, CTOs and CISOs, point to identity breaches – including privileged user identity attacks and default, stolen or weak passwords – as the largest threat, not malware. As a result, cybersecurity strategies, project priorities, and budget allocations don’t always match up with the primary threats nor prepare companies to stop most breaches.
These findings are particularly relevant to Australia where mandatory Notifiable Data Breach legislation took effect last week and financial institutions earlier this month began implementing real-time payments by customers using the New Payments Platform, inviting greater emphasis on identity protection.