My Aicos intermittently flash the red light - I have 4 and have just been watching them, they have done this since day one - This is normal.
From the manual:
1. Check that the green mains indicator light is on. (if
it is off check circuit breakers, fuses and wiring etc.)
2. Check that the red LED on the cover flashes once
every 40 seconds to indicate normal operation – If
the memory has been set indicating that the Alarm
has been activated in the last 24 hours, the red LED
will flash twice every 40 seconds. After 24 hours the
memory will be cleared.
3. Press the test button for up to 10 seconds to ensure
the sensor chamber, electronics and sounder are
working. A red light on the cover, will flash while horn
is sounding. The alarm will stop when the button
is released. Pressing the test button simulates the
effect of smoke or heat during a real fire and is the
best way to ensure the Alarm is operating correctly.
This action will also clear the memory.