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Is REDDI still the industry standard?

A classic design. I've got one. Sounds great going from the speaker out of a tube amp into the PA. That way you get the whole amp sound and not bypassed or just the preamp. Badass!

NOTE: The vast majority of tube amps can't be run without a speaker load without doing catastrophic damage to your amp if it goes on too long? How long is too long? I don't know. I never did it long enough to find out!

Yes it's nice in that it's active and can use either a 9 volt battery or phantom power at your XLR input...

"The Type 85 simply works. Provide 48 V Phantom power and the Type 85 will automatically use it. If you don’t have Phantom power, the Type 85 will run for about 400 hours from a single internal 9 V battery. The Type 85 doesn’t have roll off switches or effects. Adjusting the frequency content of a sound source is an artistic decision best done at the mixing location where you can hear the results and easily make changes."
 
Yes it's nice in that it's active and can use either a 9 volt battery or phantom power at your XLR input...

"The Type 85 simply works. Provide 48 V Phantom power and the Type 85 will automatically use it. If you don’t have Phantom power, the Type 85 will run for about 400 hours from a single internal 9 V battery. The Type 85 doesn’t have roll off switches or effects. Adjusting the frequency content of a sound source is an artistic decision best done at the mixing location where you can hear the results and easily make changes."
I prefer to make them at my amp :D but I make sure I give a sound tech a signal he/she can work with.