Redflow Limited (AU:RFX) has released an update.
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Redflow Limited has made notable progress in the third quarter of FY24 with significant new projects, including a second contract with the U.S. Department of Defense and a remote grid project in Western Australia. The company also secured a grant from the Queensland Government to support the development of a large-scale battery prototype and a feasibility study for a new manufacturing facility. Additionally, Redflow is raising capital to fund ongoing projects and has strengthened its executive team with key hires.
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