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Tritium Collaborates With Fast Charging Network Operator EVCS to Deploy Over 500 New EV Fast Chargers
November 18 2021, Business Wire
https://ih.advfn.com/stock-market/NASDAQ/decarbonization-plus-acq-DCRN/stock-news/86600101/tritium-collaborates-with-fast-charging-network-
Announcement comes as U.S. Department of Energy’s Alternative Fuels Data Center reports all-time high installation record of DC fast chargers in quarter ending September 30, 2021; number of U.S. public fast chargers already exceeds Bloomberg NEF’s year end 2021 target.
The two companies’ partnership expands electric vehicle infrastructure throughout the states of California, Oregon, and Washington.
Tritium Holdings Pty Ltd (“Tritium”), a leader in direct current (DC) electric vehicle fast charging, has joined forces with EVCS, one of the largest fast charging networks on the West Coast, to expand electric vehicle (EV) charging solutions in California, Oregon, and Washington. EVCS, one of the largest privately held charging network operators, has entered into a contract to purchase over 400 Tritium fast chargers to add to its more than 100 Tritium charger fleet. With over 1,500 chargers in its network, of which over 600 are DC fast chargers, EVCS is in the process of substantially increasing its network by the end of 2022.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211118005585/en/
“Expanding EVCS’ fast charging network in California, Oregon, and Washington is an important part of reducing range anxiety for EV drivers on the West Coast,” said Gustavo Occhiuzzo, CEO of EVCS. “Tritium provides best-in-class fast charging hardware, which will allow us to grow our unlimited charging subscription model at a much faster rate.”
Many operators like EVCS choose Tritium’s adaptable and reliable technology to improve the driver experience and offer charging as a value-added service. The more than 500 Tritium fast chargers ordered by EVCS, ranging from 50kW to 175kW, are expected to account for nearly half of EVCS’ fast charging network once fully deployed. EVCS will provide drivers with the option to pay through the company’s mobile app, Apple Pay, Google Pay, a credit card, or by becoming monthly subscribers with unlimited charging for a small monthly fee.
The two companies are looking to work with several government bodies to benefit from Californian incentives to grow the network further. California-based organizations have recently created several financial incentive programs to increase electric vehicle technology adoption throughout the state. The California Electric Vehicle Infrastructure Project (CALeVIP) continues to expand throughout the state, providing significant rebates for Tritium’s RT50, RTM75, and RT175-S fast chargers.
“It is extremely promising to see so many organizations make electric transportation a priority with new grants and funding programs. While Tritium is seeing record-level activity across the globe, U.S. engagement is at an all-time high,” said Mike Calise, President of Americas at Tritium. “In addition to the infrastructure bill recently signed by President Biden, which offers an unprecedented level of support for the charging category use cases targeted by Tritium, the National Conference of State Legislatures now cites 46 states, including DC, with policies on the books to promote EV adoption.
“Although Tritium can sustain a profitable business without grants, upfront rebates, sales tax exemptions, and even build code provisions that require charging infrastructure to be installed in certain new construction settings, the tailwind for our platform of hardware-plus-software, technology enabled and led product offerings, has never been stronger,” Calise continued. “We are confident that by continuing our partnership with companies like EVCS, we will achieve rapid expansion of our DC fast charging solutions throughout the nation.”
For the three months ended September 30, 2021, Tritium booked record orders of approximately $55 million. The company’s backlog continued to grow throughout the three months ended September 30, 2021, ending at a record of approximately $78 million, or an increase of 333% over the backlog from December 31, 2020.
About Tritium
Founded in 2001, Tritium 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.
As announced on May 26, 2021, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW, DCRNU) (“DCRN”), a publicly traded special purpose acquisition company (SPAC), that would result in Tritium becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions, including approval of DCRN’s stockholders, and is currently expected to occur in either December 2021 or January 2022.
For more information, visit tritiumcharging.com.
About EVCS
EVCS was founded in 2018 by Green Commuter founder Gustavo Occhiuzzo and finance expert Ian Vishnevsky to provide and operate public- and private-based EV charging infrastructure. EVCS disrupted the mobility power industry by employing a complete turnkey approach that utilizes both public and private funding sources, grants, rebates, and other financial incentives to encourage governments and businesses to install fast-charging stations. EVCS has secured over $50M in government funding and engaged over 500 partner sites. EVCS' mission is to cut emissions while simultaneously improving air quality by enabling the adoption of EVs. Visit EVCS for more information here: www.evcs.com
About Decarbonization Plus Acquisition Corporation II
DCRN is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a target whose principal effort is developing and advancing a platform that decarbonizes the most carbon-intensive sectors. These include the energy and agriculture, industrials, transportation and commercial and residential sectors. DCRN is sponsored by an affiliate of Riverstone Holdings LLC and represents a further expansion of Riverstone’s 15-year franchise in low-carbon investments, having established industry leading, scaled companies with more than $5 billion of equity invested in renewables.
Important Information and Where to Find It
In connection with the proposed business combination, Tritium DCFC Limited (“NewCo”), which will be the going-forward public company, filed the Registration Statement with the U.S. Securities and Exchange Commission (the “SEC”), which includes a preliminary proxy statement of DCRN. After the Registration Statement has been cleared by the SEC, a definitive proxy statement/prospectus will be mailed to the stockholders of DCRN as of a record date to be established for voting on the proposed business combination. INVESTORS AND SECURITY HOLDERS OF DCRN ARE URGED TO READ THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, ANY AMENDMENTS THERETO, THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND THE EFFECTIVE REGISTRATION STATEMENT AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TRITIUM, DCRN, NEWCO AND THE BUSINESS COMBINATION. Investors and security holders will also be able to obtain copies of the Registration Statement and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC’s web site at www.sec.gov.
Participants in the Solicitation
DCRN and its directors and executive officers may be deemed participants in the solicitation of proxies from DCRN’s stockholders with respect to the proposed business combination. A list of the names of those directors and executive officers and a description of their interests in DCRN is contained in DCRN’s filings with the SEC, including DCRN’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 31, 2021, and is available free of charge at the SEC’s web site at www.sec.gov. Additional information regarding the interests of such participants will be set forth in the Registration Statement for the proposed business combination when available. NewCo and Tritium and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of DCRN in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the business combination will be contained in the Registration Statement for the proposed business combination when available.
No Offer or Solicitation
This document does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. This document also does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Due diligence info on Tritium (DCRN) from Reddit
https://www.reddit.com/r/SPACs/comments/qupeda/dcrn_tritium_charging/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
DCRN is merging with Tritium Charging. If you read my old post, you know Im a big fan of NVVE and PTRA. But I added this name to my portfolio and I will explain the mainly reasons.
-Tritium is the “only pure play DC fast charging infrastructure OEM upon merger closing”. In other words, this is the only company in the market who sell hardware for the electric charging stations. This mean for me that DCRN could Works as kind of “ETF” for electric charging stations, because you bet on sector development instead a single company. So, its like a hedge if NVVE doesnt perform as I expect (and is crushed by his competitors)
- Tritium and ChargePoint Partner for Fast Charging Across the U.S.
https://www.chargepoint.com/about/news/tritium-and-chargepoint-partner-fast-charging-across-us/
-Fast-Charger Maker Tritium Is Seeing a Boom in U.S. Orders
https://www.bnnbloomberg.ca/fast-charger-maker-tritium-is-seeing-a-boom-in-u-s-orders-1.1676252
High powered partners!
— Tritium® (@TritiumCharging) November 10, 2021
Check out @Shell's fantastic exhibit at this year's @MOVE_Event conference, featuring a beautifully branded Tritium PK350 fast charger. pic.twitter.com/f0cfRs0XEQ
$DCRN ➡️ @Tritium IP highlights
— The EV Guy (@The_EVGuy) May 26, 2021
Valuation at 1.4b
Free cash flow 2023
Will trade under $DCFC (DC fast charge 🧐)
24% for $DCRN share holders
No pipe
IP - https://t.co/aSQn5nriVL pic.twitter.com/dAloTNNo0r
Fast-Charger Maker Tritium Is Seeing a Boom in U.S. Orders
CEO Jane Hunter talks about an EV tipping point and what she sees as her company’s hardware advantage.
By Ira Boudway +Follow, November 3, 2021, 7:15 AM EDT
https://www.bloomberg.com/news/articles/2021-11-03/fast-charger-maker-tritium-is-seeing-a-boom-in-u-s-orders
Electric vehicle owners in New York City, many of whom don’t have a driveway or garage where they can plug in, in June got a new place to recharge their cars. Revel, the startup best known for its moped-sharing service, opened a charging depot in a former Pfizer building in Brooklyn. The Superhub, as Revel calls it, has 25 fast chargers built by the Australian manufacturer Tritium, each capable of adding about 100 miles of range in 20 minutes. For Tritium, which specializes in building weatherproof fast chargers for public networks, the Revel installation is part of a boom in U.S. orders.
In May, when the company announced plans to begin trading in the public markets via a merger with the blank-check company Decarbonization Plus Acquisition Corporation II, it had more than 4,400 chargers installed around the globe. Today the number stands at about 5,250, with an increasing share found on roadsides in North America. In May, 70% of the company’s total sales came from Europe; 20% from North America, and the remaining 10% from the Asia Pacific, but that balance has since shifted, according to Tritium chief executive office Jane Hunter, to 45% from Europe and 41% from North America.
Hunter, who joined Tritium in 2019 and became CEO in March of 2020, spoke with Hyperdrive in October, about the EV tipping point in the U.S., the company’s decision to do a SPAC merger, and how her company’s hardware stands apart. The interview has been edited for clarity and length.
You had a pretty good job at Boeing. What brought you to Tritium?
I was the chief operating officers for the international Phantom Works division of Boeing, which was a phenomenal job, headquartered in Brisbane with operations in Saudi Arabia, India, South Korea, the U.K., and the United States. We were doing autonomous systems — unmanned aerial vehicles, unmanned underwater vehicles. I had just secured the Royal Australian Air Force to co-invest in the Loyal Wingman, which is a 38-foot stealth drone. So it was a very hard job to top. But it just was such an interesting time for electric vehicles, just before the tipping point. Everyone was saying, “It’s coming. It’s coming.” But people in the industry had been saying that forever. Our founders have been together for 20 years and working on these chargers since 2012. Everyone could see that e-mobility was about to take off in a big way. And at Boeing we knew that Tritium had something because we were working in drones and were looking at the potential to electrify charging for those. They had the only liquid-cooled charger successfully being sold globally. It seemed like an amazing opportunity with a technology that is not yet fully commoditized. We have a world leading technology, with a technology moat, at a point where if all we do is hang on to our current market position the total addressable market is enormous.
Why is liquid cooling important for chargers?
It allows for a fully sealed enclosure. For everyone else, you’re sucking air in across filters and pushing it out the back. That’s how you’re cooling the power electronics, which get hot. For us, you’re not pulling any particulates into the charger. The liquid cooling works its way around the enclosure and keeps it at the right temperature and that lasts for five years before you need to replace the coolant. If you look at one of our chargers, you’ll see there’s a grille down the bottom which may look like an air intake vent. That doesn’t take any air into the top of the charger. The heat moves into the base of the machine via the coolant and allows you to push the warm air out through that vent while the electronics are fully sealed in the top. It matters a lot where it’s corrosive or dusty or highly polluted. And it also matters where you have things climbing into chargers to nest inside. We know competitors have issues with mice, rats, geckos, ants, all manner of things. You can imagine why a technology like this might have developed in a country where we have every creepy-crawly known to man, including snakes, and spiders. They all are looking for somewhere warm and dry to nest. The sealed enclosure improves uptime [the share of hours when the chargers are working], which is critical. Liquid cooling enables that because you're not pulling things across the insides of the charger, you're not getting outages.
I can attest that there are few things worse for an EV owner than rolling up to a broken charger, especially if there are not options nearby.
That hits the nail on the head. At the gas pump, if there is an outage, it has a sheath over it that says out-of-order, so you know not to queue there. But charging is an entirely different experience. We’ll go into PlugShare and read about the user experience and watch some of the YouTube videos that people post as they cross [the] country. They might have to move the car three times. A charger is out. They move it again, plug in, and it doesn’t work. It’s just a horrible experience. One thing that we really discourage our customers from doing is having only one charger at a key site.
What’s finally brought the EV industry to this tipping point?
In every country where the uptake of EVs is high, government has driven it. That’s very clear across the globe. It doesn’t have to be subsidies, but what it does take is an indicator from the government, that they’re going to support the technology, that the change is coming, and that next time you buy a car, you should buy an EV. People are waiting to hear that. What you’re seeing with President Biden now is the kind of indicator that you need. It’s the government saying, ‘this is what’s coming.’ That allows people to go out with confidence and buy an EV. The other thing is that several of the car manufacturers decided to go in, boots and all, and make the shift to EVs. So there’s no longer a choice for government to say, ‘We’re not shifting to EVs, we’re going to stick with internal combustion engine, or we’re going to do hydrogen,” because unless you make the cars yourself, you are not going have enough models.
Tritium seems like a relatively mature business for a SPAC. Why go that route?
It is one of the more mature. The SPAC vehicles are often for more speculative technology. Tritium had been around for quite some time and had been slowly building up revenue. The company had been very tightly held by three large Australian industrial families, with one institutional investor. And at the end of 2019, you could really see the market starting to pick up and they recognized that they were going to need to capitalize in order to compete globally. So they had a very wide look across the market at trade sale options at the option to list. That was exactly as the SPAC market was starting to kick off. I remember the directors, and there’s a number of them who are older gentlemen, were saying, “What’s a SPAC?” But they were very quick to realize this is a phenomenal way of getting to market quickly and to access a material amount of capital, which the company was going to need to scale.
Do you think North America will be your biggest market anytime soon?
I am starting to think that may actually happen. I would never have said that before because we have made most of our money in Europe for quite some time and North America was slow to take off. But it’s just kicked up so much for us over the last six months. We’re seeing a magnitude of sales that we haven’t seen in the past. The size of the average sale has shifted. Last year, we would have really sat up and taken notice at, say, 50 chargers in one lot, whereas now 100 to 200 is a big sale. We recently made a sale of 202, 50-kilowatt chargers, but the next sell that the customer is talking about, if this installation works well, is 1,000.
Tritium Wins Good Design Awards for Excellence in Product and Engineering Design
The company takes home prizes in both the Engineering Design and Commercial & Industrial Product Design categories for their RTM electric vehicle DC fast charger.
https://www.businesswire.com/news/home/20211020005155/en/
Tritium takes home prizes in both the Engineering Design and Commercial & Industrial Product Design categories for their RTM electric vehicle DC fast charger. (Photo: Business Wire)
October 20, 2021 06:00 AM Eastern Daylight Time
BRISBANE, Australia--(BUSINESS WIRE)--As charging infrastructure becomes more critical in enabling electric vehicle (EV) adoption, Tritium, a leader in direct current (DC) fast charging, has been awarded for its achievements in product and engineering design. The Australian Good Design Awards committee has recognized the company and its RTM fast charger in the engineering and product design categories for the commercial and industrial sectors.
“It's fast, easy to use and customisable. It will be an increasingly important and sought-after product as EVs gain traction in the market. A clean design that complements the functionality of the unit very well.”
“The overall design and engineering of this product is very well considered. The charging system has multiple benefits — single technician installation, slim-line profile, fast charge (75km range in 10 minutes),” commented the Good Design Awards engineering design jury. “The RTM EV charger design is a good example of clean, sophisticated and functional design and engineering that will help reduce a key barrier to EV market expansion. Really impressive project and a standout example of good design in this category that deserves to be recognised. Well done.”
The RTM is a modular and upgradeable DC fast charger capable of rapidly powering more than one EV of any model at a time. The charger gives businesses the flexibility of a charger that can scale from 25kW to 50kW and 75kW.
“A clean aesthetic and well considered design. The installation time of only 2 hours is impressive, as is the consideration of the user experience with the visual display and slimline design,” said the Good Design Awards product design jury. “It's fast, easy to use and customisable. It will be an increasingly important and sought-after product as EVs gain traction in the market. A clean design that complements the functionality of the unit very well.”
The Australian Good Design Awards are one of the longest-running international design awards, promoting excellence in design and innovation since 1958. Recognized by the World Design Organization (WDO) as Australia’s peak international design endorsement and promotion program, these awards represent the diverse spectrum of design with 12 specific design disciplines covering more than 30 categories and sub-categories.
“We are excited to receive these awards as it validates Tritium’s industry-leading product design and Modular Scalable Charging architecture, which was launched in 2020,” said Tritium CEO Jane Hunter. “To achieve widespread adoption of electric transportation, there needs to be infrastructure in place that not only makes charging a vehicle convenient, but financially beneficial for the site owner. With our product design, we give our customers truly scalable technology that grows with their site.”
Each year, the program attracts new and innovative design projects worldwide, celebrating the best in all areas of design, architecture, engineering, research, and social innovation.
“Receiving an Australian Good Design Award is testament to embedding design excellence at the heart of a product, service, place or experience. Although 2021 continues to be another challenging year, it is incredibly inspiring to see designers and businesses working together to find innovative, customer-centric design solutions to local and global challenges and to see them recognised and rewarded for their efforts through these prestigious Awards,” said Dr. Brandon Gien, CEO of Good Design Australia. “The importance of embracing good design principles is now more important than ever as many businesses around the world have had to completely re-think their business strategies to remain competitive. The standard of design excellence represented in this year’s Awards is the best I’ve ever seen in my 25 years of running these Awards, an encouraging sign that the design sector is flourishing.”
With installation in under two hours, single-person field serviceability, DC meter data insights, and many customization options available, the RTM fast charger helps reduce setup, operation, and maintenance costs to increase our customers’ return on investment. The RTM also provides a fast charge and improves the refueling experience with driver-friendly features like intuitive screen flows and charger statistics, and Plug and Charge which enables EVs and chargers to communicate, authenticate, and transact via the charging cable, eliminating the need for a credit card reader, RFID card or QR Code. The award-winning RTM design is expected to be carried through Tritium’s upcoming products with the same thoughtfully designed enclosure and common components.
About Tritium
Founded in 2001, Tritium 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.
As announced on May 26, 2021, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW, DCRNU), a publicly traded special purpose acquisition company (SPAC), that would result in Tritium becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions, including approval of DCRN’s stockholders, and is currently expected to occur in either December 2021 or January 2022.
For more information, visit tritiumcharging.com.
About Good Design Australia and the Australian Good Design Awards
Good Design Australia is an international design promotion organisation responsible for managing Australia’s annual Good Design Awards and other signature design events. With a proud history that dates back to 1958, Good Design Australia remains committed to promoting the importance of design to business, industry, government and the general public and the critical role it plays in creating a better, safer and more prosperous world.
Contacts
Tritium Media Contact
Sarah Malpeli
408-806-9626 ext 6840
sarah@technicacommunications.com
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
TritiumIR@icrinc.com
Tritium Named “Chargepoint Manufacturer of the Year”
https://www.businesswire.com/news/home/20211027005104/en/
Left to right: Rhys James (comedian and special guest at the awards), Jeroen Jonker (Tritium Director Business Development Europe), Kevin Pugh (Tritium Country Manager UK & Ireland), Michel Scholtes (Tritium Sales Director, Europe), Liam Stoker (Editor-in-Chief at Current) (Photo: Business Wire)
October 27, 2021 06:00 AM Eastern Daylight Time
BRISBANE, Australia--(BUSINESS WIRE)--Tritium, a global developer and manufacturer of direct current (DC) fast chargers for electric vehicles (EVs), has been crowned “Chargepoint Manufacturer of the Year” by the Electric Vehicle Innovation & Excellence (EVIE) Awards.
“In a tightly contested category, Tritium stood out within the Chargepoint Manufacturer of the Year shortlist at this year’s EVIE Awards, hosted by Solar Media”
Tritium has had great success this past year by launching a variety of products, introducing new key partnerships, announcing new charger installations and more. Starting with the launch of their new Modular Scalable Charging (MSC) hardware platform and the innovative RTM fast charger in November 2020, Tritium has significantly grown the company’s footprint and book of business, achieving the highest level of product demand and largest order backlog in the company’s history, as detailed in Tritium’s announcement on October 13, 2021.
The EVIEs, held last week on the first night of the EV World Congress in Bristol, U.K., shine a light on innovation and excellence in the emerging EV sector.
“In a tightly contested category, Tritium stood out within the Chargepoint Manufacturer of the Year shortlist at this year’s EVIE Awards, hosted by Solar Media,” said the EVIE Awards judges. “The judges praised the liquid cooling technology used by Tritium and their global footprint in particular, with Tritium a thoroughly deserving winner of this award.”
Throughout the company’s journey, Tritium has maintained a strong focus on customer and driver satisfaction, going the extra distance to ensure the company’s products enjoy a long lifecycle. As part of this commitment, Tritium launched a software update for their RT50 DC fast chargers in March, enabling Plug and Charge technology globally. The RT50, launched in 2014, is Tritium’s original fast charger and the first fast charger on the market to be fully liquid cooled and IP65 rated.
“We chose to partner with Tritium as they are a forward-thinking company, who are pushing the boundaries in technology which ultimately enhances the charging experience for all our customers,” said Martin Miles, Head of Operations at Osprey Charging. “Their customer-centric vision aligns perfectly with ours.”
Tritium’s product line includes chargers ranging from 50kW to 350kW. The PK350, presently the company’s most powerful DC fast charger, makes up the majority of the IONITY network across Europe. Tritium launched its RTM DC fast charger last year, an upgradeable DC fast charger that provides businesses with the flexibility to scale from 25kW to 50kW and up to 75kW.
Tritium has been fortunate to be part of many successful charging installations and milestones, bolstering the company’s success. This year, Tritium achieved two global milestones. First, Tritium set a record for the largest universal fast charging station in the United States at Revel’s Brooklyn Superhub, which includes 25 of Tritium’s 75kW RTM fast chargers. Second, Tritium partnered with GRIDSERVE to create the United Kingdom’s largest high power motorway charging site, with 12 PK350 rapid chargers.
“This recognition is a major vote of confidence from the EV industry and industry peers,” said Jane Hunter, Tritium CEO. “Across our business, we aim to set ourselves apart by delivering best-in-class technology, customer satisfaction and operational excellence, going above and beyond to expedite the transition to e-mobility. The global EV industry is rapidly expanding, and we’re preparing to grow and expand our market share to become the first choice in DC fast charging technology.”
This award comes on the heels of Tritium’s recent Good Design Awards for excellence in product and engineering design for the company’s RTM electric vehicle DC fast charger. Tritium is the only fully liquid cooled, IP65 rated charger, helping reduce total cost of ownership by up to 37% over 10 years compared with air-cooled systems. Tritium has a global sales and service footprint covering 4 continents, providing over 5,250 DC fast chargers across 41 countries. Having delivered over 3.6 million high-power charging sessions, Tritium estimates that the company has offset over 2 million gallons of gasoline.
About Tritium
Founded in 2001, Tritium 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.
As announced on May 26, 2021, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW, DCRNU), a publicly traded special purpose acquisition company (SPAC), that would result in Tritium becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions, including approval of DCRN’s stockholders, and is currently expected to occur in either December 2021 or January 2022.
For more information, visit tritiumcharging.com.
Contacts
Tritium Media Contact
Jack Ulrich
media@tritium.com.au
Tritium Investors Contact
Caldwell Bailey
ICR, Inc.
TritiumIR@icrinc.com
Seaport Global initiated coverage of Decarbonization Plus with a rating of Buy and set a new price target of $17.00 https://quantisnow.com/insight/1936929?s=s
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