BRISBANE, Australia, April 21, 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 hiring of key executives to help the Company continue its global expansion. Joining Tritium’s leadership team are David Nicholl as Chief Sales Officer, Keith Hutchison as Chief People Officer and Michael R. Collins as General Counsel and Company Secretary.
“These appointments are critical building blocks in the continued growth of Tritium,” said Jane Hunter, CEO. “We have our sights set on being the number one fast charging manufacturer in the world and, with the hiring of talented executives like David, Keith and Michael, we expect to be better positioned to accomplish that goal.”
David Nicholl is an established executive who has had repeated success driving record-setting sales and revenue across a variety of roles and companies. Throughout his career, Mr. Nicholl has proven his ability to identify and capitalize on emerging business ventures to propel organizations to the top of their industry. Joining Tritium in September as Chief Sales Officer, David Nicholl will lend his more than twenty years of experience in electrification and electric mobility to lead the Company’s sales, sales enablement and marketing divisions. Prior to joining Tritium, David Nicholl has held executive and management roles at Schneider Electric, Philips Lighting and ABB, where he is currently an Executive Vice President for Electrification.
“The world is continuing to electrify, and Tritium is creating some of the most advanced fast charging technologies on the market to progress global e-mobility,” said David Nicholl. “I look forward to working with the Company’s management, board and world-class staff to capitalize on the immense opportunities ahead.”
Keith Hutchison is a global human resources (“HR”) leader with over 20 years of experience in the energy industry and joins Tritium from National Grid where he served as Chief HR & Diversity Officer for their North America business since 2016. Under his leadership, National Grid was widely recognized as a Top Employer, Best Employer for Diversity, and a World’s Most Ethical Company. Mr. Hutchison was recognized by the National Diversity Council in their 2020 Top Chief Diversity Officer List and most recently in their 2022 Top 100 HR Professionals List. He is a Fellow of the Chartered Institute of Personnel & Development in the UK. In his role as Chief People Officer, Mr. Hutchison’s responsibilities will include the delivery of Tritium’s human resources services, setting the Company’s HR strategy across reward, talent, leadership and culture, and ensuring Tritium has the right people and skills in place.
“I’m incredibly excited to join this mission-driven company so relentlessly focused on making a positive change in the world,” said Keith Hutchison. “I look forward to building a sustainable and scalable organizational foundation for growth and success in partnership with Tritium’s leadership and staff.”
Michael R. Collins, a seasoned legal professional with experience serving high-profile public companies, has joined the Company as General Counsel and Company Secretary. In his role, Mr. Collins will lead the Company’s global legal department, collaborating with Tritium’s board of directors, executive team and across all functions to further the Company’s strategic business objectives, while mitigating risk and ensuring compliance with applicable laws, regulations and Company policies. Prior to joining Tritium, Michael R. Collins served in various legal and business capacities for U.S. publicly traded companies, including ON Semiconductor Corporation and ION Geophysical Corporation, where his roles included serving on the board of directors/managers and as an executive officer for multiple global entities. Preceding his in-house experience, Mr. Collins was with the international firms of Willkie Farr & Gallagher LLP and Vinson & Elkins LLP, where he represented a broad range of public companies in their capital markets transactions, mergers and acquisitions, financial transactions, corporate governance matters, internal reorganizations, commercial transactions, general corporate matters and multiple areas of complex commercial litigation with a substantial focus in the energy, manufacturing, technology, software and finance industries. Mr. Collins has been recognized by his peers for his dedication to the legal practice, being named as one of Super Lawyers’ Rising Stars in 2018.
“I’m honored by this opportunity to join Tritium, lead the Company’s legal department and work with Jane, Tritium’s executives and the board as we collectively seek to achieve the Company’s mission to electrify transportation,” said Mr. Collins.
David Nicholl holds a Bachelor of Science in Electrical and Electronic Engineering and Physics from Loughborough University and a Master of Business Administration from The Open University. He is also a Non-Executive Chairman for the eEnergy Group. Mr. Nicholl will oversee Tritium’s sales, sales enablement and marketing divisions from the United Kingdom.
Keith Hutchison holds a Bachelor of Arts with honors in Human Resources Management from Northumbria University and is a Fellow of the Chartered Institute of Personnel & Development in the UK. In addition to his workplace accolades, Mr. Hutchison has previously served as a Board Trustee for Helen Keller Services for the Blind and as Chair of the Executive Council at the Center for Energy Workforce Development. Keith Hutchison will lead Tritium’s HR department from Boston, USA.
Michael Collins received a Juris Doctor with honors from the University of Texas School of Law and a Bachelor of Arts in Political Science, with a minor in Business Administration from the University of Southern California. When not practicing law, Mr. Collins serves on the board of directors of the Executive Council Charities and serves as a volunteer Big Brother with Big Brothers Big Sisters. Michael Collins will manage Tritium’s legal department from Phoenix, USA.
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 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]
LONDON, United Kingdom, April 18, 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”), has entered into a multi-year contract with bp (NYSE: BP) for the supply of chargers and related services to support bp’s global EV charging network. This forms a step change in the strategic nature of the relationship between both companies, with an initial order for the UK and Australian & New Zealand markets of just under 1,000 chargers.
“I’m delighted that with this new global agreement with Tritium, it will help bp pulse deliver its mission to provide fast, reliable charging for EV drivers and to accelerate the roll-out of the charging infrastructure needed as the world transitions to decarbonise road transport,” said Richard Bartlett, Senior Vice President, bp pulse.
“The electrification of transportation is entering an incredible era when major companies like bp are providing critical support to transition the world to cleaner more reliable transportation,” said Tritium CEO Jane Hunter. “We’re thrilled to be working with bp to create greater global access to fast charging in support of their mission to become a net zero company by 2050 and to be a leader in helping the world get to net zero 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.
About BP
bp’s purpose is to reimagine energy for people and our planet. It has set out an ambition to be a net zero company by 2050, or sooner and help the world get to net zero, and a strategy for delivering on that ambition. For more information visit bp.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]
BP Press Office
[email protected]
BRISBANE, Australia, March 8, 2022 – Tritium DCFC Limited (“Tritium”) (NASDAQ: DCFC), today announced that management is expected to attend, present and meet with investors at the following conferences and events:
Tritium’s most recent presentation will be made available on the investors section of its website.
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC; DCFCW) designs and manufactures proprietary hardware and software to create advanced and reliable direct current (“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 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.
Tritium Media Contact
Jack Ulrich
[email protected]
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
[email protected]
With more than two decades of C-level experience, Mr. Casey will focus on company-wide operational execution, global supply and product distribution and customer support services as Tritium continues its global expansion.
BRISBANE, Australia, March 7, 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 announces the appointment of Glen Casey as the Company’s new Chief Operating Officer (“COO”). With more than two decades of executive experience across automotive, energy and engineering manufacturing, Mr. Casey will step into this role after serving as Tritium’s Interim Director of Global Operations since May 2021.
Prior to joining Tritium, Glen Casey held senior leadership roles in several large, complex manufacturing businesses including Philips, Imperial Chemical Industries (“ICI”) and Nylex Limited (“Nylex”), where he was involved in major transformations and operational improvement in Australia, Asia and Europe. During his tenure at Nylex, a publicly traded manufacturer, Mr. Casey progressed to CEO and Managing Director of the group, which consisted of more than forty manufacturing facilities, over 6,000 employees and sales in excess of AUD$1 billion.
“Tritium has a technology advantage with world-leading DC fast chargers and, in this challenged supply chain environment, we require an experienced operations leader with a proven track record who can successfully navigate manufacturing complexity and enable the Company to meet strong market demand,” said Tritium CEO Jane Hunter. “With Glen on board, we gain a leader who has been with the Company for nearly a year and in that time hit production records. Glen has the knowledge and real-world experience to help Tritium globally scale our manufacturing operations and continue to optimize and mature those processes.”
In his role as COO, Glen Casey will oversee company-wide operational performance, global supply and product distribution and customer support services. Mr. Casey holds a Master of Business Administration (MBA) from Swinburne University of Technology.
“I’m thrilled to be joining Tritium at such an exciting time for the Company and industry,” said Glen Casey. “I believe the future of transportation is electric, and Tritium has uniquely positioned itself for sustainable, global expansion and ascendancy. I look forward to working alongside the Company’s impressive management, board of directors and staff to capitalize on the opportunities that lie ahead in this rapidly maturing e-mobility industry.”
Last month, Tritium joined President Biden at the White House to announce the Company’s new U.S. manufacturing facility in Lebanon, Tennessee, which is currently expected to employ more than 500 people over the next five years and produce more than 10,000 DC fast charger units per year, with the potential to produce approximately 30,000 units per year at peak capacity.
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 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]
Wise EV, a subsidiary of Wise Power, has purchased Tritium’s fast charging technology to launch the company’s new national EV charging network.
TORRANCE, Calif., February 15, 2022 – Tritium DCFC Limited (“Tritium”) (Nasdaq: DCFC), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), today announces a partnership with Wise EV, a subsidiary of renewable energy service provider Wise Power, to provide fast chargers for a new national EV charging network.
The charging network is expected to start with 25 locations throughout Florida, with DC fast chargers at major gas stations through one of Wise EV’s gas station operation partners. Florida is the number two state in the nation for overall passenger EV sales, according to the Department of Energy (DOE), and received the third largest state allocation under the February 10, 2022 Department of Transportation (DOT) and Federal Highway Administration’s (FHWA) $615 million National Electric Vehicle Infrastructure (NEVI) Formula Program Guidance, as part of the $7.5 billion investment in electric vehicle charging as part of the 2022 Infrastructure Investment & Jobs Act.
“We’re delighted to announce our new EV charging network, powered by Tritium’s fast charging technology,” said CEO of Wise Power, Inc. Kevin Williams. “Tritium’s chargers are a great fit for our business and expansion model, with their small footprint, upgradeable power and smart, customer-focused features like simultaneous charging and Plug and Charge. With Tritium’s advanced technology, we’re confident that we can achieve our goal of creating a national EV charging network.”
Wise EV has plans to expand the network using a hub and spoke philosophy, centering the charging around metropolitan hubs and connecting those cities through interstate-based charging spokes. The company has the goal to build a charging network that will allow drivers to travel from coast-to-coast. To execute this strategy, they plan to aggressively expand their network with Tritium’s fast charging technology, establishing their metropolitan charging hubs in 2022 and connecting those hubs with interstate charging spokes in 2022 and 2023.
“Wise EV shares Tritium’s vision of ubiquitous DC fast charging where EV motorists can drive across the country and within major high density population cities with the full confidence they will have a place for fast charging, without planning,” said Mike Calise, Tritium President of the Americas. “We believe this is the beginning of a long-term partnership that will help provide Americans the charging infrastructure necessary to enable the electrification of transportation and the environmental and decarbonization benefits that go along with it.”
Wise EV offers customers a compelling business model with attractive leasing rates, which the company believes is currently one of the most affordable ways to add fast charging to a property in the country.
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 Wise EV
Wise Power (WISE) is a renewable energy services provider serving customers nationwide. WISE offers solar PV systems, scalable intelligent energy storage systems, and EV charging stations. We provide solutions for home, business, industry, and utility-scale applications.
WISE is launching a national EV charging station network that is focused on the needs of the EV driver. Our software platform will go LIVE in Feb 2022 with features that include an enroute available charging network and tailored charging experiences for drivers.
For more information, visit getwisepower.com and look for WISE-EV.com coming in February 2022.
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]
Fresh off the Company’s Nasdaq listing, Tritium’s new DC fast charger manufacturing facility is currently expected to include up to six production lines, employ more than 500 people over the next five years and produce more than 10,000 DC fast charger units per year, with the potential to produce approximately 30,000 units per year at peak capacity.
Lebanon, Tenn., February 8, 2022 — In an effort to increase sales, localize production and expand electric vehicle (“EV”) charging infrastructure in the United States, Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a global leader in direct current (“DC”) fast chargers for EVs, has announced plans for expansion of its American footprint with a new manufacturing facility in Lebanon, Tennessee. The location is expected to house up to six production lines for Tritium’s DC fast chargers, including the Company’s award-winning RTM and all-new PKM150 models. The new facility is also anticipated to bring more than 500 jobs to the region over the next five years. All chargers produced at the facility are expected to comply with applicable Buy America Act provisions under Federal Highway Administration (“FHWA”) requirements for domestic sourcing.
The Infrastructure Investment and Jobs Act (“Bipartisan Infrastructure Law”) is expected to provide $7.5 billion of investment for deploying a network of 500,000 EV chargers along highway corridors in the United States. This network is intended to facilitate long-distance travel, as well as shorter distance travel within communities, to provide convenient charging options and encourage the electrification of transportation across the country.
“I welcome Tritium to Tennessee and thank the company for its commitment to create more than 500 new jobs in Wilson County,” said Tennessee Governor Bill Lee. “Our state’s highly-skilled workforce and position as a leader in the EV industry continue to attract companies like Tritium to Tennessee.”
EVENT VIDEO: Tritium CEO Jane Hunter Joins President Biden at White House
Tritium’s U.S. expansion is part of a global trend bringing convenient and fast EV charging solutions to the masses. Production is expected to start at the Tennessee facility sometime in the third quarter of 2022, and is anticipated to help the Company facilitate distribution of its products throughout the United States, where the Company has recently seen revenue expansion as a proportion of its overall revenue mix, and expand its global impact beyond the more than 3.6 million high-power charging sessions across 41 countries that it has already provided. Based on preliminary revenue figures for the twelve months ended December 31, 2021, the United States and Europe accounted for approximately 43% and 43% of the Company’s revenue, compared to approximately 23% and 68%, respectively, for the twelve months ended June 30, 2021. The Company expects to announce expansion of its European manufacturing capacity, through expansion of existing facilities or establishment of new facilities, in 2023.
“Tritium’s investment in a U.S.-based, cutting-edge facility for manufacturing is part of our strong push toward global growth in support of the e-mobility industry,” said Tritium CEO Jane Hunter. “We are thrilled to work with the U.S. Federal government and the State of Tennessee on this initiative. With the help of the hard-working residents of Tennessee, we expect to double or even triple our charger production capacity to further our product distribution throughout the United States.”
Last month, Tritium announced it had completed its previously announced business combination with Decarbonization Plus Acquisition Corporation II. Tritium’s ordinary shares and warrants commenced trading on the Nasdaq on January 14, 2022, under the ticker symbols “DCFC” and “DCFCW,” respectively.
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. For more information, visit tnecd.com.
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, visit tritiumcharging.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,” “target,” “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. In particular, statements about peak production capacity are subject to risks including, but not limited to, supply chain shortages or disruptions, worker shortages and the ability of the Company to maximize quality control and minimize inefficiencies in the production process. There is no guarantee the Company will achieve peak production capacity. 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]
TNECD Media Contact
Lindsey Tipton
Public Information Officer
(615) 339-6608
[email protected]
Tritium will supply the company’s award-winning RTM and PKM150 fast chargers to increase access to EV infrastructure in the Kingdom of Saudi Arabia.
BRISBANE, Australia, January 28, 2022 – Tritium DCFC Limited (“Tritium”) (Nasdaq: DCFC), a global developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”), has entered into an agreement with Electromin, a Saudi-owned company and a leading provider of e-mobility solutions across the Middle East and Africa. This agreement comes on the heels of a pledge by the Kingdom of Saudi Arabia to have net zero carbon emissions by 2060 and increase the uptake of electric vehicles.
“The world is embracing electric transportation, and Electromin is committed to providing greater access to fast charging infrastructure for EVs across our regions of business,” Kalyana Sivagnanam, CEO of Electromin. “As we increase this access, it’s critical that we partner with a technology provider with hardware and software to help our business grow sustainably and cost-effectively – we found that partner in Tritium.”
Through the agreement, Electromin plans to purchase 200 of Tritium’s DC fast chargers. As Electromin builds their network, this deal provides them with access to Tritium’s award-winning RTM and newly released PKM150 fast chargers, designed for more cost-effective operations and infrastructure deployment.
“We see a massive opportunity to help countries and regions build the charging infrastructure needed to support the deluge of EVs anticipated to come to market. Tritium’s investment in differentiated and world-class hardware and software development puts the company in a unique position to enable businesses and governments to develop charging networks in all corners of the world,” said Tritium CEO Jane Hunter. “We’re determined to expand our global reach and market share, and deeper expansion into Middle Eastern markets will greatly help us achieve this goal. Through this new partnership with Electromin, we’ve established a strong foothold to better grow our business.”
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, visit contact us.
About Electromin
Electromin is a technology led e-mobility solutions provider providing a complete turnkey solution from in depth consultation through to ongoing network operation and maintenance. Electromin works with private individuals, businesses and governments across the Middle East and is creating a public charging network that offers a seamless charging experience for EV drivers.
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 Investor Contact
Caldwell Bailey
ICR, Inc.
[email protected]
Bell Ringing Ceremony Took Place Yesterday at 4:00 pm ET at Nasdaq MarketSite in New York’s Times Square
Photography courtesy of Nasdaq, Inc.
BRISBANE, Australia (January 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 Company management rang the Closing Bell at Nasdaq MarketSite in New York’s Times Square yesterday afternoon at 4:00 p.m. ET, in honor of its listing on the exchange.
The Company began trading on Nasdaq on January 14, 2022, following the close of its business combination with Decarbonization Plus Acquisition Corporation II (“DCRN”).
“We are pleased to celebrate this important milestone for Tritium here at Nasdaq,” said Jane Hunter, Tritium’s Chief Executive Officer. “The transport industry is being electrified, which means it is more important than ever for EV owners to have access to rapid, reliable charging infrastructure. We are proud to provide this networked infrastructure to our customers. As a public company, we expect to continue to expand our product suite and global footprint, which has already enabled more than 3.6 million high-power charging sessions across 41 countries—delivering over 55 GWh of energy. I want to thank the Tritium team and Board of Directors, our investors, our partners at DCRN and our transaction advisors for their support and dedication through this process.”
Tritium was founded in 2001 by e-mobility pioneers Dr. David Finn, James Kennedy, and Dr. Paul Sernia. Drawing upon two decades of power electronics experience in the renewable energy field, Tritium has established itself as a global leader in the DC fast charging space for EVs. As a public company, Tritium is well positioned to benefit from accelerating and sustained long-term growth of the global EV market, which is projected to have a compound annual growth rate (“CAGR”) of nearly 20% through 2040. Global EV charging hardware sales are projected to have an average CAGR of more than 25% each year over this period.
Most recently, the Company introduced the PKM150, a brand new charging system design, which enables Tritium’s shared power architecture, created to reduce customers’ upfront capital investment while optimizing power draw down from the grid at charging sites.
CEO Jane Hunter will continue to lead the Company. As part of the business combination, Robert Tichio, previously the Chairman of DCRN, joins Tritium’s Board of Directors as Chairman, along with continuing Directors Trevor St Baker and David Finn.
Mr. Tichio commented, “We are excited to be part of Tritium’s very impressive success story. Tritium’s robust growth and financial track record are a testament to the groundbreaking charging hardware that the Company has developed, as well as to its incredible team of over 450 employees across four continents. I look forward to our continued partnership on the Board, where we will leverage our combined experience to drive long-term shareholder value.”
A replay of the Closing Bell ceremony can be found at this link:
https://www.nasdaq.com/videos/tritium-dcfc-limited-rings-the-nasdaq-stock-market-closing-bell
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 Decarbonization Plus Acquisition Corporation II
Decarbonization Plus Acquisition Corporation II was a blank check company sponsored by an affiliate of Riverstone Holdings LLC and represented a further expansion of Riverstone’s 15-year franchise in low-carbon investments, having established industry leading, scaled companies with more than US$6 billion of equity invested in renewables.
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.
Tritium Media Contact
Jack Ulrich
[email protected]
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
[email protected]
By Mike Calise, President – Americas
Humans are designed to survive. We’re wired for immediate responses and innate fight-or-flight reactions against the many threats of the physical world. Waiting around for things to happen makes us feel vulnerable and uncomfortable. We’re programmed to make the most use of our time and optimize our resources for ultimate survival.
In the 21st century, we have entered a convenience-driven culture. The advent of on-demand transportation, same-day delivery, on-demand food delivery, movies, podcasts, videos, and instant stock transactions have cultivated a society that depends heavily on convenience. Comfortability, accessibility, and convenience is a requirement in consumption. We expect convenient and comfortable solutions in our daily lives, so why should we fuel our vehicles differently?
The Electric Revolution
Electric vehicles (EVs) are undoubtedly the future of transportation. Auto manufacturers are transitioning to all-electric vehicle lines, oil and gas companies are diversifying with investments in EV charging, and governments are restricting the sale of internal combustion engine (ICE) vehicles. These actions encourage renewable energy growth, with trillions of dollars in private and public funding earmarked for e-mobility. Electric transportation is here, and the blueprint for highly accessible charging infrastructure is already laid through the ubiquitous electrical grid. As we shift toward this new fuel economy, we have an opportunity to enhance the way we think and act about our vehicle-fueling experience.
A World of Opportunity
When the low-fuel light illuminates in your gas-powered vehicle, you react by searching for the nearest gas station. But what if your vehicle could efficiently refuel while you sleep, work, shop, eat, entertain, or partake in your daily life?
It’s now possible for you to install EV chargers anywhere with a grid connection and, in some cases, even off-grid, allowing you to better leverage your time. The gas station model that you take for granted will not likely go away, but you’ll also have the flexibility to seamlessly integrate charging into your daily destinations. You won’t have to think about charging in the future – it will be ever-present.
The Charging Culture
Society has grown accustomed to charging at home, work, and even on airplanes and in our cars. The EV charging experience can be like charging a cell phone. Home charging offers a level of convenience not possible with ICE vehicles. Talk to any EV driver, and you’ll quickly discover that the cost savings and comfort of charging from your home are some of the best perks of owning an EV. However, not everyone lives in a single-family home, and how many times have you forgotten to charge your phone?
We now have the capability to access electrons virtually anywhere we go – with the opportunity to treat EV charging the same way. Public charging provides everyone the opportunity to charge when and where they need it.
Getting Down to Business
Businesses’ demand for public EV charging presents a massive opportunity. On-site EV charging can increase the time spent near a business, boost property value, improve air quality, add a source of revenue, and enhance corporate sustainability initiatives. It also provides a fantastic customer amenity.
Companies like Starbucks and McDonald’s are strategically offering free Wi-Fi at brick-and-mortar locations to increase traffic. Indeed, some recent studies have shown that on-site charging can increase customer dwell time by up to 50 percent.
The Greed for Speed vs. the Need for Speed
In this culture of convenience, we demand immediacy. For a truly convenient experience, EV charging needs to be quick, reliable, and easy. This is the natural evolution of how technology ultimately serves our immediate response both in the vehicle’s performance and the instantaneous ability to charge everywhere – and it’s where direct current (DC) fast charging comes in. By fully recharging your vehicle in minutes, you can power up at dedicated charging depots at your favorite store, coffee shop, or other charging-friendly retailers. These experiences are here today for consumers. Retail locations, parks & beaches, charging Superhubs are rapidly adding on-site DC fast charging to provide drivers with the fast, reliable, and convenient charge they need.
Technology Efficiency and Convergence
While Henry Ford is often falsely credited with saying, “If I had asked people what they wanted, they would have said faster horses.”, it illustrates how society often doesn’t know what to ask for in emerging technologies. For example, we didn’t know to ask for app-based ride-hailing, media streaming, on-demand transportation, a date from someone online, or instant gratification in the palm of our hand.
Steve Jobs noted that businesses should “…figure out what [customers are] going to want before they do.” The same holds for the e-mobility industry. People who charge at home also want freedom and flexibility. Expanding drivers’ options that best fit their needs, lifestyle, and comfort level will make EV charging more attractive.
Options breed confidence. When the first EV launched in 2010 in Japan, sales struggled. Drivers were apprehensive about this new technology; they could charge the car at home, but what would happen when they left the house? What if they wanted to travel outside their city? Or if they couldn’t get home in time to charge? These obstacles chipped away at driver confidence to the point where the manufacturer was compelled to invest in over 500 DC fast chargers between cities. This allowed drivers to make the transition to electric with the confidence that they wouldn’t get stranded.
Welcome to the Future
EV charging streamlines the process through more advanced technologies. Advancements like Plug and Charge allow drivers pull up to a charger, plugin, and automatically charge their card on file. No credit card reader, no radio-frequency identification (RFID) membership card, no smartphone application, and no hassle.
As transportation continues to electrify, the driver experience will continue to become more convenient and make our lives more efficient. The ability to charge anywhere with a grid connection will amplify the number of fuel points so EV drivers can “gas up” as easily as they would at a traditional fuel pump.
With continued developments in autonomous vehicles, automated charging, and more, the future of convenience is incredibly bright.
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Mike Calise is President of the Americas for Tritium, which provides DC fast-charging solutions. Tritium’s mission is to provide energy freedom to the masses by deploying DC charging everywhere, including city-to-city corridors and inner-city high-density populations and smart cities. Based in Torrance, CA, Mike is responsible for promoting and developing Tritium’s market share in the USA.