Name change reflects Company’s core focus on commercialising its RedT energy storage product.
Camco Clean Energy (AIM: CCE), today announces its intention to change its name to RedT Energy plc. The name change reflects the Company’s core focus to commercialise RedT’s energy storage product.
After an extensive period of research, development and prototyping, RedT has recently delivered its first manufactured production unit. This launches RedT into the commercialisation phase of its business and accordingly is an appropriate time for a change in the holding company name to reflect this focus.
The Company will continue to operate and develop its African clean energy business activities under the name Camco Clean Energy, independently as a subsidiary of RedT Energy.
The proposed change in name is subject to shareholder approval at a General Meeting to be held at 11.00 a.m. on 24 November 2015 at Suite 4.12, Clerkenwell Workshops, 31 Clerkenwell Close, London EC1R 0AT. Following the approval by shareholders of the change in name, the Company also intends to change its EPIC/TIDM from “CCE” to “RED”.
Scott McGregor, CEO said: “RedT Energy, now in its commercialisation phase, brings to the market a highly sought after long duration and heavy duty stationary energy storage product. The name change of the Company to RedT Energy communicates clearly our product to energy storage customers and investors.”
