Tritium’s newest DC fast charger manufacturing facility is expected to include up to six production lines, create more than 500 new cleantech jobs over the next five years, and produce up to 30,000 DC fast charger units per year at peak capacity.
LEBANON, Tenn. August 23, 2022—Tritium DCFC Limited (Nasdaq: DCFC), a global leader in direct current (DC) fast chargers for electric vehicles (EVs), today celebrates the opening of its new EV fast charger manufacturing facility, and its first US-based EV fast charger manufacturing facility, located in Lebanon, Tennessee. The facility will employ more than 500 Tennesseans over the next five years, helping to build EV charging infrastructure, meet US government goals, and electrify transportation across America and beyond.
Tritium’s Tennessee facility will initially produce the company’s award-winning RTM fast charger, and is expected to start production on the PKM150 early next year. These advanced DC fast chargers are compatible with all EVs, are compact, reliable, and cost effective, and are expected to fulfill requirements for the recently enacted Inflation Reduction Act (IRA), which provides $370 billion for climate change initiatives to help reduce carbon emissions by roughly 40 percent by 2030. Additionally, Tritium’s PKM150 fast charger is expected to meet Federal Highway Administration (FHWA) Buy America Act standards in Q1 2023, making that fast charger an ideal candidate for National Electric Vehicle Infrastructure (NEVI) program funding.
“The opening of our Tennessee factory is an important milestone for Tritium, for Tennessee and most importantly, for American drivers. As many as 35 million electric vehicles are expected to be in use by 2030 and those vehicles will require more powerful and convenient charging infrastructure,” said Tritium CEO Jane Hunter. “It’s crucial that America’s charging infrastructure is built right here in the US. Americans will rely on it to get to work, to school, to doctor’s appointments, and more. It needs to be reliable, and it needs to be able to grow to meet their needs. And when we make chargers here in the US, we reduce supply chain and shipping delays, and we help build the manufacturing ecosystem that will employ more Americans.”
Next year, Tritium is expected to produce its top-of-the-line PKM150 chargers, which launched in December 2021. These chargers mark a significant improvement in EV charging technology, providing customers with flexibility when creating charging sites. Customers can connect up to four PKM150 fast chargers to one power cabinet, saving money on equipment, installation, maintenance, and more. The PKM line of chargers are created with swappable modules saving customers time on easy maintenance and upgradeability, which enables technicians to replace modules in just minutes. This flexibility gives customers the ability to choose between 100kW or 150kW of dual-cable charging station power depending on their business needs.
“I’ve worked in manufacturing for more than 30 years and I can truly say that this new facility is world-class. Like our products, we’ve designed our manufacturing process to be modular and scalable. This design allowed us to bring the Tennessee factory online in five months, which is one of the fastest setup times I’ve experienced in my career,” said Tritium Chief Operating Officer Glen Casey. “Our Tennessee staff are exceptionally well-trained and experienced, and I look forward to continuing to work with them to build the fast charger infrastructure required to electrify global transportation.”
The Tennessee facility was announced in February at a press event at the White House with President Biden, Department of Transportation Secretary Pete Buttigieg, Secretary of Energy Jennifer Granholm, National Climate Advisor Gina McCarthy, Director of Made in America at the Office of Management and Budget Celeste Drake, among others. The Tritium manufacturing facility was highlighted as a key part of the Biden administration’s initiative to create clean energy jobs and reduce carbon emissions.
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC; DCFCW) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
For more information, contact us.
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “aim” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, beliefs, intentions or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
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Media Contact
Jack Ulrich
[email protected]
Investor Contact
Caldwell Bailey
ICR, Inc.
[email protected]
[TORRANCE, Calif. and SAN CARLOS, Calif., August 17, 2022] — Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global leader in direct current (DC) fast chargers for electric vehicles (EVs), and Enel X Way, the Enel Group’s global business line that offers smart EV charging solutions and services, today announced the signing of a global framework agreement and first contract in the US, deepening Enel X Way’s access to Tritium’s fast charging hardware and software. Enel X Way is a global leader in smart EV charging solutions with over 380,000 charging ports worldwide.
Under the agreement, Enel X Way will pair its JuiceNet software platform with Tritium’s 175kW fast charger and a 50kW variant of the company’s award-winning RTM to deliver smart fast charging solutions for fleets, automakers, utilities, and public charging sites along highways. The more than 250 fast chargers are expected to qualify for a tax credit that was recently modified and extended as part of the Inflation Reduction Act (IRA). Under the Alternative Fuel Vehicle Refueling Property Credit, commercial projects now qualify for a maximum incentive of 30% or $100,000 per charger (up from $30,000 per property), whichever is of lesser value.
“The electrification of transportation requires the removal of key barriers to EV adoption, most notably access to charging, both at home and in public,” said Chris Baker, Head of Enel X Way North America. “This agreement will enable Enel X Way to expand its DC fast charging offering with Tritium’s flexible, scalable, US manufactured DC fast chargers and infrastructure that makes deploying charging sites easier for businesses and cities. This fantastic partnership with Tritium will help Enel X Way meet the increasing demand for fast charging and achieve our mutual goal of electrifying transportation.”
In the future, the companies intend to further expand their relationship to meet the National Electric Vehicle Infrastructure (NEVI) Formula Program objectives, which will support the Biden-Harris Administration’s goal to develop a national network of 500,000 EV chargers. To meet NEVI demand, Enel X Way intends to deploy Tritium’s Buy America-compliant PKM150 DC fast chargers. Tritium’s PKM150 and RTM are expected to begin US production at the company’s Tennessee factory this fall and meet the Federal Highway Administration’s Buy America compliance requirement in the first quarter of 2023.
“As the world moves toward electrification at unprecedented speeds, it’s imperative that our industry rises to the challenge to ensure everyone has access to fast and convenient EV charging,” said Jane Hunter, Tritium CEO. “We believe that Enel X Way is an ideal company to accelerate deployment of our charging technology, as they have entities throughout the world and are well equipped and committed to the expansion of electric vehicle infrastructure.”
Through smart charging, utilities can manage and benefit from this growth while ensuring a reliable, balanced, and clean electric grid for all users. Enel X Way offers site hosts and partners a complete line of interoperable, hardware agnostic, OCPP compliant, SOC-2 compliant, smart grid EV charging solutions, meeting the highest industry standards.
Tritium and Enel X Way have a long-standing business relationship with the common goal to decarbonize transportation, and this new agreement is the latest success in the companies’ partnership. The companies plan to sign additional regional contracts to further expand access to fast charging around the world.
In North America, Enel X Way is qualified for more than 60 commercial utility and state incentive programs, including 30 DC fast charging incentive programs. The Enel X Way software platform allows utilities to monitor and analyze demand from participating charging stations and manage charging to respond to and align with real-time grid conditions. Enel X Way has also received AICPA SOC 2® certification, which safeguards customer and driver data demonstrating its commitment to the highest cyber security standards.
About Tritium
Founded in 2001, Tritium (Nasdaq: DCFC) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
For more information, contact us.
About Enel X Way
Enel X Way is a global leader in smart electric vehicle charging solutions with over 380,000 charging ports worldwide, including roaming agreements. As a subsidiary of Fortune 200 renewable energy leader, the Enel Group, Enel X Way is committed to providing smart mobility solutions for drivers, businesses and partners to make driving electric simple. Enel X Way’s flagship home charging station, the JuiceBox, has been named the “best EV charger overall” in 2022 by CNET, Car and Driver, This Old House, and Road & Track.
For more information, please visit our website and follow us on Twitter, Instagram and Facebook @enelxwayna.
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, believes, intentions or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
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Tritium Media Contact
Jack Ulrich
[email protected]
Tritium Investor Contact
Caldwell Bailey
ICR, Inc.
[email protected]
Enel X Way North America Contact
Matt Epting
+1 405 358 3446
[email protected]
Tritium will provide 300 more 50kW variants of the Company’s award-winning RTM fast charger for EVCS’s network buildout.
TORRANCE, Calif., July 28, 2022 — Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a global leader in direct current (“DC”) fast chargers for electric vehicles (“EVs”), is partnering with EVCS, one of the largest EV fast-charging network operators on the West Coast, to deploy 300 new chargers across California, Oregon, and Washington. The order consists of 300 50kW Tritium RTM fast chargers, making the total Tritium DC fast charger contribution to the EVCS network over 800. With more states expected to follow California’s legislation mandating 100 percent of new vehicles sold generate zero emissions by 2035, partnerships like this are critical to ensuring public fast charging can meet the increased demand driven by the expected mass consumer adoption of EVs in the coming years.
EVCS aims to enhance the accessibility of public fast charging both by simplifying complex pricing and increasing location coverage. With plans to reach 1,500 chargers by the end of 2023, EVCS’s carbon neutral network and unlimited subscription charging plan will provide an increasing number of public charging options and significant savings to EV drivers.
“EVCS is excited to expand its partnership with Tritium to install more than 300 Tritium DC fast chargers on the West Coast by mid-2023,” said Gustavo Occhiuzzo, CEO and founder of EVCS. “Tritium’s versatile catalog of fast charging stations has allowed EVCS to rapidly become one of the fastest-growing owner-operators of DC fast chargers on the West Coast, home to almost 50% of all EVs in the U.S.”
In November 2021, Tritium and EVCS announced an agreement to add over 500 DC fast chargers to EVCS’s network, many of which have already been installed as a part of the upgrade of the West Coast Electric Highway. Building on this initial investment, the new fast chargers will be installed in high-traffic areas, including retail locations and transit centers, underserved communities where access to chargers is limited, and near highways and tourist centers. The collaboration significantly contributes to EVCS’s network growth, with plans to extend service to more than 35 new cities across California, Oregon, and Washington as well as increase charger density in existing EVCS communities.
“EV charging infrastructure is growing at an unprecedented rate in the US, and it’s critical that this rollout provides drivers with equitable access to public fast charging,” said Tritium CEO Jane Hunter. “Through our work with EVCS, we’re proud to help democratize the EV charging experience to provide greater accessibility to all current and future EV drivers. We’re excited to be part of this technology revolution and to support the growth of our long-term customer and partner, EVCS.”
Tritium recently unveiled a new project with the Motor Fuel Group Forecourt Network that would deploy over 100 DC fast chargers in the United Kingdom and overall support the country in the movement toward a cleaner environment. The Company also announced its largest global manufacturing facility will open in Tennessee, gaining the attention of President Joe Biden, and has achieved several significant partnerships with industry leaders, including BP, Shell, Wise EV, and Osprey. Earlier this month, EVCS announced a new raise of $68.8 million that will go toward helping the company expand its charging network services throughout the West Coast and ultimately assist EVCS in achieving its goal to double its network footprint by 2023.
About Tritium:
Founded in 2001, Tritium (NASDAQ: DCFC; DCFCW) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
For more information, contact us.
About EVCS:
EVCS was founded in 2018 and has quickly become one of the largest and fastest-growing electric vehicle charging networks on the West Coast. Powered by 100% renewable energy, EVCS is disrupting the mobility power industry through a turn-key approach that utilizes public and private funding sources to encourage the installation of fast-charging locations. EVCS has secured over $50M in government funding and engaged nearly 150 partner sites to build and grow its net zero carbon network. EVCS’ mission is to cut emissions while simultaneously improving air quality by enabling the rapid adoption of zero-emission electric vehicles. For more information, visit www.evcs.com.
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “aim” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, beliefs, intentions or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
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Tritium Media Contact
Jack Ulrich
[email protected]
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
[email protected]
EVCS Media Contact
Kelli Dobbins
[email protected]
Brisbane, AUSTRALIA, July 27, 2022 – Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), today announced that Rob Topol, a former Intel executive with more than 20 years of financial experience in manufacturing and supply chain, has joined as a senior member of the finance team and is planned to transition to the role of Chief Financial Officer (“CFO”) of the Company.
Mr. Topol will work alongside current Tritium CFO Michael Hipwood until the Company’s earnings announcement for the fiscal year ending June 30, 2022, which is expected to be released in September 2022. After the release of earnings, Mr. Hipwood is expected to transition out of the CFO position and at that time Mr. Topol will take over as full-time CFO.
Mr. Topol has extensive experience as an executive at Intel, where he served as a finance leader and business executive for more than 20 years. During his time at Intel, Mr. Topol led strategy for the 5G and Next Gen wireless technologies business division, served as CFO for Intel’s Global Supply Chain organization, served as CFO for Communication and Devices based in China, has experience as a Financial Controller as well as many years working in senior manufacturing finance roles.
Mr. Topol drove more than $4 billion of savings in capital investment through supply chain optimization, dual source for equipment, and contract manufacturing. His most recent role with Intel was CFO and Vice President (“VP”) of the Accelerated Computing Systems and Graphics business, managing revenue, cost, and reporting for the graphics and high-performance computing business, including Intel ARC, Xeon HPC, data center GPU and blockchain products.
“It’s been a pleasure to spend the last three years working alongside Tritium’s current CFO Michael Hipwood, maturing the business and successfully listing it on the Nasdaq, whilst maintaining our #2 market share globally in the EV fast charging space,” said Tritium CEO Jane Hunter. “We’re thrilled to welcome Rob Topol to Tritium’s leadership team. He brings a wealth of financial expertise in electronics manufacturing and supply chain, from the highly relevant semiconductor industry. Rob has more than 20 years of senior leadership experience working in a US listed company with a global footprint. His combined technical and financial expertise will support Tritium’s global scale and growth over the coming years.”
Prior to his role as CFO and VP of Accelerated Computing Systems and Graphics, Mr. Topol served as Intel’s CFO of Global Supply Chain, Cost, and Inventory, where he managed a more than $30 billion manufacturing and research and development portfolio and led a team of global controllers and analysts supporting all cost functions at Intel. He served as the General Manager of Intel’s 5G Wireless and Next Gen Standards business division for four years, developing strategy and helping to build a portfolio of devices, internet of things and network infrastructure, data center and cloud computing solutions. Mr. Topol also served as a Telecommunications Industry Association (TIA) board member from 2019-2021.
“Working with Tritium has been the highlight of my career,” said current Tritium CFO Michael Hipwood. “In the past four years we have launched multiple new product lines, expanded into new markets, built a new factory in the US, and became a publicly traded company. I’m looking forward to working with Mr. Topol to support a smooth transition of the finance organization and to complete the June 30 fiscal year earnings announcement before I wrap up. With Mr. Topol’s help, Tritium will be extremely well-positioned to scale their manufacturing operations globally to meet skyrocketing demand.”
Mr. Topol received a Master of Business Administration degree at Brigham Young University in 2000 and Bachelor of Arts degrees in Behavioral Sciences and International studies at the University of Utah in 1995.
“I am excited to join Tritium to help support the Company’s rapid growth trajectory around the globe,” said Mr. Topol. “EV fast charging is one of the fastest-growing segments in green-technology and Tritium is perfectly positioned to lead the field with its technical expertise, innovative products, and strong international partnerships. I’m thrilled to help shape the future of Tritium as the Company continues to scale.”
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC; DCFCW) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
For more information, contact us
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “aim” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, beliefs, intentions, or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
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Tritium Media Contact
Jack Ulrich
[email protected]
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
[email protected]
Brisbane, AUSTRALIA, July 8, 2022 – Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), today announced the appointment of Adam Walker, an accomplished executive with nearly 20 years of finance leadership, including at publicly traded companies, to the Company’s Board of Directors and to the position of Chairman of the Company’s Audit Committee.
Mr. Walker has extensive experience as a corporate leader, most recently with IHS Towers, one of the world’s largest telecommunications infrastructure providers, as Executive Vice President and CFO. During his tenure at IHS Towers, Mr. Walker led the company to a public listing on the New York Stock Exchange in October 2021.
“We’re so pleased to be welcoming Adam to the Board,” said Robert Tichio, Chairman of Tritium’s Board of Directors. “His vast experience across global and publicly traded companies will be a valuable asset to the Company, the Board, and the Audit Committee.”
Prior to his time at IHS Towers, from 2013 to 2017, Mr. Walker served as Group Finance Director and a member of the board of directors for GKN Plc, a public engineering group and manufacturer of components for the aerospace and automotive industries. Mr. Walker also served as a non-executive director, Chair of the Audit Committee of the board of directors, and as a member of the Remuneration and Nomination committees of the board of directors for Kier Group Plc, a UK construction and services company, between 2016 and 2019. From 2008 to 2013 he was the Group Finance Director for Informa Plc, a global publishing, business intelligence, and exhibitions company. From 2003 to 2008 he served as the Group Finance Director for National Express Group Plc, a global public transport company.
“We’ve committed to assembling a Board of the highest quality, and we’ve found another fantastic addition in Adam,” said Tritium CEO Jane Hunter. “With Mr. Walker joining the Board, we’ve gained a seasoned leader with the experience and knowledge to help us maximize Tritium’s potential in the rapidly growing e-mobility space.”
Mr. Walker received a B.A. degree from Newcastle University, qualified as a Chartered Accountant in 1988, and began his career at Deloitte, spending ten years in the professional world of audit, corporate finance, and banking before moving into the corporate world. He is based in London, UK.
“Throughout my career, I’ve been fortunate to play a significant role in the development of many high-growth companies, and the immense opportunity ahead of Tritium is thrilling,” said Adam Walker. “Transportation is rapidly evolving and Tritium is positioned to lead the world’s transition to electric transportation. I look forward to working with the Board and management to help the Company continue to capitalize on the opportunity ahead.”
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC; DCFCW) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
For more information, contact us.
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “aim” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, beliefs, intentions, or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
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Tritium Media Contact
Jack Ulrich
[email protected]
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
[email protected]
Tritium will supply the company’s PKM150 fast chargers to electrify MFG’s forecourt network in the United Kingdom.
BRISBANE, Australia, June 30, 2022 – Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”) is expected to supply more than 100 rapid chargers to Motor Fuel Group (“MFG”), the largest independent forecourt operator in the UK.
With over 900 sites offering customers a growing dual-fuel strategy, a versatile valeting offer, and a convenient retail and ‘food to go’ portfolio, MFG is dedicated to keeping UK motorists on the move, supporting local communities, and enabling a transition to a cleaner environment.
MFG forecourts will be the place for high speed, convenient, ultra-rapid top-up charging, equipped with Tritium’s 150kW DC fast chargers, which can add 100 miles (160 kilometers) of range to an EV in approximately 10 minutes, and are designed for more cost-effective operations and infrastructure deployment.
“We’re proud to partner with Motor Fuel Group to support their parallel goals of electrifying transportation and enabling a greener and cleaner future by providing customers with readily available rapid chargers across their forecourt network in the UK,” said Tritium CEO Jane Hunter. “This announcement highlights MFG’s recognition that the world is changing, and they are leading the charge towards electric vehicles and low carbon fuels in line with the UK government’s ambitions.”
To show their commitment to a cleaner, greener, and more sustainable environment, MFG is investing £400m in their EV strategy, funded entirely by cash generated through their existing business. This investment will support their electrification goals to provide a reliable and practical service for EV customers, by installing 3,000+ ultra-rapid 150kW and 350kW chargers across 500+ sites in the UK by 2030.
MFG is also offering landlords and developers a no-cost opportunity to have guaranteed rental income, improved on-site facilities, and increased site footfall and dwell time through their EV Power brand, which requires no subscription and allows customers to pay for their charge using contactless payment methods or through their app.
“We are delighted to be working with Tritium as we push to be the biggest ultra-rapid charging hub operator in the UK,” said Ed Chadwick Till, Motor Fuel Group Director, EV. “Tritium’s industry leading technology, their exciting product roadmap, and best-in-class customer care give us confidence in a long-term partnership that will help MFG in its mission to make EV charging simple, reliable, and stress-free.”
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC; DCFCW) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
For more information, contact us.
About MFG
Motor Fuel Group (MFG) is the UK’s largest independent forecourt operator. It has over 900 sites offering customers a growing dual-fuel strategy, a leading valeting offer, convenient retail and ‘food to go’ portfolio, online delivery lockers and business break areas/facilities, MFG is reported to be the fifth largest retailer by number of stores in the country.
MFG is dedicated to keeping UK motorists on the move and supporting our local communities.
More information on MFG can be found at motorfuelgroup.com
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “aim” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, beliefs, intentions, or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
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Tritium Media Contact
Jack Ulrich
[email protected]
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
[email protected]
MFG Media Contact
Ed Chadwick Till
[email protected]
Tritium recently had the honour of hosting Sir Ian Botham! The English cricket legend, member of the House of Lords, cricket commentator, and ICC Cricket Hall of Fame member stopped by our Brisbane offices and factory to get an in-person look at Tritium’s DC fast charging technology.
Recently appointed UK Trade Envoy to Australia, Lord Botham is tasked with delivering an ambitious global trade agenda on behalf of the British government. His interest in technology associated with the movement to Net Zero led him to Tritium, where he had a chance to meet with some of the company’s senior leadership to learn about the company’s history, milestones, and upcoming activities.
UK Prime Minister’s Trade Envoy to Australia Lord Botham said, “Clean technology is key to making the transition to a greener economy and it’s been fascinating to see Tritium’s work. Electrifying the world’s transport is vital to achieving net zero emissions – and the UK’s ambition to become net zero by 2030 has turbo-charged clean green investment into the UK. Tritium continues to lead the way – and is well placed to make the most of the green industrial revolution.”
Lord Botham’s visit to Tritium included a tour of Tritium’s new, world-class testing facility, interactions with new charging technology in our testing bays, and a tour through our factory. Throughout these visits, the Sir Ian Botham learned about Tritium’s various points of differentiation, including how our fully sealed charger enclosures, liquid cooling, and small footprint help Tritium save customers up to 37% in total cost of ownership over ten years, compared to air cooled systems. Lord Botham also had a chance to check out Tritium’s latest modular technology, like the RTM and PKM, discovering first-hand how we’re developing products which are designed to push the limits of charging technology and achieve the highest reliability, while enabling more cost-effective operations and infrastructure deployment for customers.
It was such a privilege to host Lord Ian Botham at our facilities, and we look forward to hosting him again soon!
BRISBANE, Australia, May 25, 2022 – Tritium DCFC Limited (“Tritium”) (Nasdaq: DCFC), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), has partnered with Transaction Network Services (“TNS”), a leading payment infrastructure-as-a-service provider, to bolster the point-of-charge payment options that Tritium provides to customers.
Through this partnership, Tritium will receive access to payment hardware manufactured by Ingenico, a payment industry leader for more than 30 years and a global leader in seamless payment solutions, as part of the TNS UnattendedPayments solution. TNS UnattendedPayments, which is part of the TNS acceptance product portfolio (formerly known as ADVAM), is an end-to-end payments solution that enables self-service cashless payment acceptance, designed to help increase operational efficiency. The solution consists of a combination of high performing payment terminals, a feature-rich administration portal enabling comprehensive reporting and administration management, and secure processing via the TNS Gateway – the company’s sophisticated payment processing engine.
“We’re proud to be partnering with Tritium to bring our leading payment options to their award-winning DC fast chargers,” said John Tait, Global Managing Director – Payments Market at TNS. “Our businesses have a strong focus on customer success, and we’re excited to provide Tritium, and their customers, with end-to-end solutions offering a wide range of ways to pay easily, quickly and securely.”
The TNS-provided payment solutions are expected to be available to Tritium customers in 40 countries, expanding to 80 total countries for which Tritium can supply charger-integrated payment options. TNS will supply the new Ingenico Self Series range as part of their UnattendedPayments solution – Self 5000 in the United States, Self 4000 in the United Kingdom and Self 2000 in other countries. These premium terminals will provide advanced and secure payment technology – like color touch screens and cameras for QR code payments – will accept contactless and digital wallet payments, and will even include support for wearable technologies like Apple Watch and Samsung Watch. The Self 4000 includes PIN capability, making it an ideal solution to meet the PSD2 European regulation.
“Flexibility is a core philosophy of Tritium’s technology, and this partnership with TNS allows us to provide additional options and flexibility to our customers,” said Tritium CEO Jane Hunter. “Drivers want convenient solutions when they recharge, from the location of the charging site to the full user experience. TNS’ solutions will help Tritium to continue to enhance the superior driver experience we’re known for.”
Tritium expects to offer the Ingenico Self 2000, 4000 and 5000 payment terminals to customers in calendar year 2022.
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC; DCFCW) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
For more information, contact us.
About TNS
TNS is a leading global provider of Infrastructure-as-a-Service (IaaS) solutions to the payments, communications and financial markets. Established more than 30 years ago, its extensive portfolio of innovative, value-added services now supports thousands of organizations across more than 60 countries to interact efficiently, conduct mission critical processes securely and adopt new technologies flexibly. Enabling and powering payment strategies for businesses, TNS Payments Market business securely and reliably transports transactions across the globe. Through its consumer touchpoints, global connectivity and transaction processing solutions, TNS enables its partners to simplify, secure and manage the most complex aspects of the payment ecosystem and gain strategic advantage from the moment they engage with consumers. For more information please visit tnsi.com or advam.com
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1996. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “aim” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, beliefs, intentions or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
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Tritium Media Contact
Jack Ulrich
[email protected]
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
[email protected]
Announcement follows Osprey’s December 2021 announcement of 100 Tritium chargers added to the Osprey network
Osprey prepares to expand their UK network with over 250 Tritium rapid chargers being installed across 100 new charging destinations
BRISBANE, Australia, May 3, 2022 – The United Kingdom (“UK”) is expected to require at least 280,000 to 480,000 public charging points by 2030 – equivalent to almost five times the number of fuel pumps on our roads today – according to a recent study by the Competition and Markets Authority into the UK’s electric vehicle (“EV”) charging availability and reliability. To help meet this challenge, Tritium DCFC Limited (“Tritium”), a global developer and manufacturer of direct current (“DC”) fast chargers for EVs, is expected to supply more than 250 rapid chargers to the Osprey Charging Network, one of the fastest growing UK-wide networks of rapid EV charging points.
Aimed at increasing access to rapid and reliable charging infrastructure in car parks, retail locations and along major transit routes, the chargers are expected to be added to 100 new charging destinations, growing Osprey’s network by over 50%.
“It’s really encouraging to see the UK government proactively driving the transition to electric transportation in such a strategic manner through their Ten Point Plan for a Green Industrial Revolution, creating and supporting up to 250,000 green jobs. In 2021, approximately 190,727 new electric vehicles were sold in the UK, a staggering increase of 76% compared to 2020, setting a new record for the country and a strong indicator of the UK’s technology switch,” said Jane Hunter, Tritium CEO. “We’re delighted to strengthen our relationship and key partnership with Osprey to support their infrastructure coverage goals and increase access to rapid charging, enabling drivers to transition to EVs with a fast, reliable and convenient charging experience.”
This announcement comes shortly after the release of a new EV charging network strategy set out by the UK government which aims to expand the country’s charging network, so that it is robust, fair and covers all major infrastructure areas – and also improve the consumer experience at all charging points. The plan also includes significant support focused on those without access to off-street parking and for fast charging on longer journeys.
This announcement also underscores the deepening relationship between Tritium and its customers. In April 2021, Osprey announced the installation of its first RTM75 charger, and followed with a December 2021 announcement expanding the Osprey network with 100 Tritium chargers. Less than five months later, Osprey’s announcement today to deploy an additional 250 Tritium chargers illustrates the relationship growth that is occurring with Tritium’s most valued customers, as the Company now looks to 2023 and beyond to expand its footprint and geographic reach with its portfolio of industry-leading products and services.
“As an independent charge point operator, we have the freedom to work with the very best hardware companies so that we can provide the very best experience for our customers,” said Ian Johnston, Osprey CEO. “We have already installed Tritium rapid chargers at many of our most popular locations, including sites with improved accessibility and at our South London high-power charging hub. We are excited to add the dynamic load-balancing PKM chargers to our rapidly expanding UK network, optimising charger output across a number of cars plugged in simultaneously and ultimately improving driver experience. Tritium is an instrumental partner in helping Osprey deliver on our goal of creating a high quality, inclusive, reliable charging network that’s worry free and accessible for all.”
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC; DCFCW) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own and use. Tritium is focused on continuous innovation in support of our customers around the world.
For more information, contact us.
About Osprey Charging Network
Osprey Charging Network is a UK-wide, rapid electric vehicle charging network, backed by Investec and Cube Infrastructure Partners. Osprey fund, install and manage their network on behalf of landlord partners. The Osprey network is built to provide a trusted and comfortable experience: reliable, open-access and easy-to-use charge points are conveniently located on major routes and with nearby amenities. All Osprey chargers accept contactless payments, App payments, RFID payments and payment through all major third-party payment methods including fleet cards and roaming partners. Every charging point is also powered by 100% renewable electricity.
More information on Osprey can be found at ospreycharging.co.uk.
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1996. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “aim” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, beliefs, intentions or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
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Tritium Media Contact
Jack Ulrich
[email protected]
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
[email protected]
Osprey Media Contact
Dora Clarke
[email protected]