Tritium Named “Chargepoint Manufacturer of the Year”

Rhea-AI Summary

Tritium has been awarded the title of Chargepoint Manufacturer of the Year at the Electric Vehicle Innovation & Excellence (EVIE) Awards. The company has launched several products, including the Modular Scalable Charging platform, achieving record demand and the largest order backlog in its history. Tritium's liquid cooling technology was praised by the award judges. Notable milestones include the largest universal fast charging station in the U.S. and the UK's largest high-power motorway charging site. The company is on track to complete a business combination with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW, DCRNU) in late 2021 or early 2022.

Positive

• Awarded 'Chargepoint Manufacturer of the Year' at the EVIE Awards.
• Achieved record product demand and largest order backlog in company history.
• Launched new Modular Scalable Charging platform and RTM fast charger.
• Set record for largest universal fast charging station in the U.S.
• Partnered with GRIDSERVE for the UK's largest high power motorway charging site.
• CEO emphasized commitment to customer satisfaction and operational excellence.

Negative

• The completion of the business combination with DCRN is still subject to stockholder approval.

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.

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)

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005104/en/

Tritium Media Contact

Jack Ulrich

media@tritium.com.au

Tritium Investors Contact

Caldwell Bailey

ICR, Inc.

TritiumIR@icrinc.com

Source: Tritium

FAQ

What recognition did Tritium receive at the EVIE Awards?

Tritium was named 'Chargepoint Manufacturer of the Year' at the Electric Vehicle Innovation & Excellence (EVIE) Awards.

What new products did Tritium launch recently?

Tritium launched the Modular Scalable Charging platform and RTM fast charger, contributing to record product demand.

What milestones has Tritium achieved in the EV charging sector?

Tritium achieved a record for the largest universal fast charging station in the U.S. and partnered on the UK's largest high power motorway charging site.

What is the expected timeline for Tritium's business combination with DCRN?

Completion of the business combination with Decarbonization Plus Acquisition Corporation II is expected in late 2021 or early 2022.

What is Tritium's focus in the EV market?

Tritium is focused on customer satisfaction, operational excellence, and delivering best-in-class technology in the DC fast charging segment.