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Tritium DCFC Limited (symbol: DCFCW) is a global leader in designing and manufacturing advanced DC fast chargers for electric vehicles. Founded in 2001, Tritium offers compact and robust chargers that excel in harsh conditions and are easy to install and use. Recent achievements include the deployment of 33 ultrafast chargers at California's Port of Long Beach, as part of the California Climate Investments program. Tritium's partnership with Stäubli Electrical Connectors has resulted in the development of high-power Quick Charging Connector (QCC) systems for efficient charging. The company is committed to continuous innovation to meet the needs of customers worldwide.
Tritium DCFC has announced the extension of its senior debt facility from $90 million to $150 million, in addition to a new equity facility of up to $75 million with B. Riley. The total capital injection of $135 million will be used for working capital, production acceleration, and global operational support. This funding reflects strong investor confidence amidst the growing EV market, supported by government incentives. Tritium aims to meet high demand for its DC fast chargers globally, leveraging this investment to enhance production capacity and product development.
Tritium DCFC Limited announces a partnership with EVCS to supply 300 additional 50kW RTM fast chargers for EVCS's network across California, Oregon, and Washington. This order increases Tritium's contribution to over 800 chargers, supporting California's goal of zero-emission vehicle sales by 2035. EVCS plans to expand its network to 1,500 chargers by the end of 2023, enhancing public charging accessibility and simplifying pricing. Tritium's CEO emphasizes the importance of equitable EV charging infrastructure as demand surges.
Tritium DCFC Limited (Nasdaq: DCFC) announced the appointment of Rob Topol as a senior member of its finance team, eventually taking over as Chief Financial Officer (CFO). Topol, a former Intel executive with over 20 years of experience, will work with current CFO Michael Hipwood until the upcoming earnings announcement for the fiscal year ending June 30, 2022. He brings extensive experience in supply chain optimization and financial management, having driven over $4 billion in capital investment savings at Intel. Tritium maintains a strong market presence in the EV fast-charging sector.
Tritium DCFC Limited (Nasdaq: DCFC) announced the appointment of Adam Walker as a new board member and Chairman of the Audit Committee. Walker brings nearly 20 years of finance leadership experience from prior roles, including CFO at IHS Towers, where he led a public listing in 2021. His expertise is expected to enhance Tritium’s strategic direction in the rapidly expanding e-mobility market. CEO Jane Hunter emphasized that Walker's experience will help maximize the company's potential. Tritium is focused on designing advanced DC fast chargers for electric vehicles.
Tritium DCFC Limited has entered into a partnership with Motor Fuel Group (MFG), the UK’s largest independent forecourt operator, to supply over 100 150kW DC fast chargers for EVs. This collaboration will electrify MFG's network across more than 900 sites, facilitating rapid charging that adds up to 100 miles of range in just 10 minutes. MFG is investing £400 million in EV infrastructure, planning to deploy 3,000+ chargers by 2030, reinforcing their commitment to sustainable transport and supporting local communities.
Tritium DCFC Limited (Nasdaq: DCFC) has announced a strategic partnership with Transaction Network Services (TNS) to enhance payment options for its DC fast chargers. This collaboration will introduce new Ingenico payment terminals, expanding Tritium's payment solutions to 10 additional countries and improving options in 30 countries. The integration of TNS's UnattendedPayments solution will optimize cashless transactions and operational efficiency. Tritium aims to offer these advanced payment solutions within the calendar year 2022, reinforcing its commitment to enhancing customer experience.
Tritium DCFC Limited has announced a new partnership with Osprey Charging Network to supply over 250 rapid DC fast chargers across 100 new locations in the UK. This expansion aims to support the UK's evolving need for electric vehicle charging, anticipating a need for up to 480,000 public charging points by 2030. Osprey's network is set to grow by over 50%, enhancing access to reliable charging infrastructure in car parks and major transit routes. CEO Jane Hunter highlighted the significant growth in EV adoption in the UK, with a 76% increase in sales from 2020 to 2021.
Tritium DCFC Limited (Nasdaq: DCFC) has announced the appointment of three key executives to support its global expansion. David Nicholl joins as Chief Sales Officer, bringing over 20 years of experience in electrification, previously with Schneider Electric and ABB. Keith Hutchison becomes Chief People Officer, known for his HR leadership at National Grid, and Michael R. Collins is appointed General Counsel and Company Secretary, with extensive legal experience in public companies. These additions aim to strengthen Tritium's position as a leader in fast charging technology for electric vehicles.
Tritium DCFC Limited (NASDAQ: DCFC) announced a multi-year contract with bp to supply nearly 1,000 DC fast chargers for bp’s EV charging network in the UK, Australia, and New Zealand. This partnership marks a significant strategic milestone. Tritium CEO Jane Hunter emphasized the importance of collaboration in accelerating the transition to clean transportation, aligning with bp's goal of achieving net zero emissions by 2050. The company's focus is on innovation in reliable EV charging technology to support global access.
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