Tritium Delivers First Fast Chargers to evyve for Planned 10,000 Charger Network
January 23 2023 - 7:00AM
Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global EV fast
charger manufacturer, and evyve, a UK charging network, have
entered into an agreement to make Tritium the network’s preferred
fast charger provider. The agreement includes initial total orders
for 350 Tritium fast chargers and evyve has received first
deliveries of these chargers, 60 of which are now installed and
operational. evyve currently projects to install thousands more
chargers by the end of 2025 and 10,000 chargers by 2030. The evyve
charging network is planned to consist of Tritium's innovative
modular chargers, including the company's award-winning 75kW
charger and highly scalable 150kW fast charger.
"With the number of registered battery-electric
cars in the UK growing by more than 40% in 2022, it's more
important than ever that drivers have access to fast and reliable
charging technology to ensure a convenient driver experience and a
seamless transition to e-mobility," said Tritium CEO Jane Hunter.
"We're proud to be the preferred fast charger provider for the
evyve charging network, and we look forward to helping them
accomplish their goal to become the largest destination and enroute
charging network in the UK. For Tritium, this announcement is a
reflection of an increasing number of conversations with customers
looking to address anticipated multi-year demand and secure product
availability beyond just the next 12 months."
evyve has stated that it intends to become the largest
destination and enroute charging network in the UK and the company
has ambitious growth plans to own and operate 10,000 charging
stations by 2030. evyve continues to build a customer network
consisting of retail parks owned by regeneration business Peel
L&P and leading hospitality providers like Greene King, the
UK’s leading pub retailer and brewer operating over 2,700 pubs,
restaurants, and hotels across England, Wales, and Scotland.
James Moat, CEO of evyve, said: "evyve is focused
on providing a seamless and reliable customer experience and we are
thrilled to be partnering with a leading fast charger manufacturer
like Tritium, giving us the confidence to accelerate our plans to
become one of UK’s leading charge point service providers.
“Due to its compact design and modularity,
Tritium’s innovative fast charger technology has enabled us to roll
out our network across multiple locations quickly and efficiently,
providing us with the foundation to support the UK's transition to
electric vehicles today and 20 years from now.”
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, visit tritiumcharging.com
About evyve – Charging Ahead
Established by EVY Infrastructure Partners and Peel NRE, part of
regeneration business Peel L&P, which is at the heart of the
nation’s activity around clean growth and a circular economy. evyve
is developing a new nationwide network of high quality fast and
ultra-fast electric vehicle (EV) charge points powered by 100%
renewable energy, providing important infrastructure to support the
growing number of electric vehicles on UK roads.
With plans for around 10,000 chargers by 2030, evyve is set to
become one of the largest EV charging networks in the UK with
facilities across key retail, food and drink, leisure and
commercial business locations throughout England, Scotland and
Wales.
For more information and partnership opportunities, visit
www.evyve.co.uk
Forward Looking Statements
This press release includes "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1996. The Company's
actual results may differ from its expectations, estimates and
projections and consequently, you should not rely on these
forward-looking statements as predictions of future events. Words
such as "expect," "estimate," "project," “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believe,” “predict,” “potential,” “continue,” “aim” and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, the Company’s expectations, hopes, beliefs, intentions,
or strategies for the future. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expected results. You
should carefully consider the risks and uncertainties described in
the documents filed by the Company from time to time with the US
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 ContactJack
Ulrichmedia@tritium.com.au
Tritium Investors ContactCary
Segallir@tritiumcharging.com
evyve Media ContactKaty
Davisonkdavison@peellandp.co.uk
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2bccaa2e-5e8c-4b10-9053-638ec27d97f3
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