Redback Technologies goes into voluntary administration in Australia
Redback Technologies, an Australian inverter and battery firm, is attempting to stable new investment after entering voluntary administration this week.
Bella Peacock
Image: pv magazine
From pv magazine Australia
Brisbane-essentially based Redback Technologies has entered voluntary administration and is now actively seeking new investment.
McGrathNicol Restructuring has been appointed as voluntary administrator of Redback Operations Pty. Ltd., with McGrathNicol confirming that partners Anthony Connelly, Rate Holland and Jamie Harris were appointed on March 5.
The directors acknowledged they’re working with Redback Operations’ workers, prospects and suppliers while they “name for expressions of interest for the sale or recapitalisation of all or fraction of the exchange.”
Redback Technologies became exhibiting in Sydney’s Natty Vitality Expo this week. It has quite a bit of new merchandise anticipated to hit the market within the next eight to one year, alongside side its subsequent-generation hybrid battery system, for which commercial shipments are slated for June.
Authorized remark material
The firm became moreover previewing its latest hybrid three-part inverter, which it hopes to originate late this one year or early subsequent one year.
“We firmly imagine there is a spot within the marketplace for Australian-engineered merchandise,” Aaron Moreton, the firm’s head of sales and partnerships, told pv magazine Australia.
Redback Technologies exclusively distributes through electrical wholesalers, which components warranties on its merchandise shall be honoured would possibly perhaps perhaps restful it fail to stable ample investment. Its distributors embody Greentech, Krannich, Rexel, Solar Plus Alternatives (SPS), and Middy’s Electrical.
Pylontech, which supplied the battery technology aged in its latest hybrid battery product, will moreover honor warranties.
Redback’s installer and distribution channels get been alerted.
This remark material is safe by copyright and just isn’t very going to be reused. Within the event you like to must cooperate with us and would desire to reuse a number of of our remark material, please contact: editors@pv-magazine.com.
