Advanced testing facility is expected to enable Tritium to
accelerate its time-to-market for new products.
New facility features an electromagnetic compatibility (“EMC”)
testing chamber with one of the highest power test capabilities in
the world, along with other key test and certification enablers
including thermal chambers for testing in extreme temperatures.
Tritium Holdings Pty Ltd (“Tritium” or the “Company”), a global
developer and manufacturer of direct current (“DC”) fast charging
technology for electric vehicles (“EVs”), today opened a
world-class compliance testing facility at the Company’s Brisbane,
Australia headquarters, now viewable through an interactive tour on
the Company’s website.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211122005742/en/
New facility features an electromagnetic
compatibility (“EMC”) testing chamber with one of the highest power
test capabilities in the world, along with other key test and
certification enablers including thermal chambers for testing in
extreme temperatures. (Photo: Business Wire)
This new facility is capable of accelerating testing,
prototyping, compliance and certification, allowing the Company to
bring products to market in shorter timeframes, rapidly modify its
products for customers and develop and certify products with
greater cost efficiency.
Without the benefit of their own EMC testing facilities, many
charger manufacturers and developers across the world need to test
and certify their chargers in publicly-accessible EMC testing
facilities with advance booking notice, for testing periods as
short as 1-2 weeks. Any subsequent need for retesting often
requires these manufacturers to return to the queue, which can
significantly slow the process to get new charging technology to
market.
“As passenger and fleet EVs with larger battery packs come
online, demand for higher-powered DC fast chargers is expected to
increase. To get these chargers in the ground and installed, each
new product line must pass rigorous test standards to ensure
compliance with various regulations around the world,” said Jane
Hunter, Tritium CEO. “The more rapidly we can develop new products
to meet the needs of this fast-evolving market and complete testing
of those products for public use, the faster we can deliver
chargers that meet that demand. This cutting-edge facility is
expected to enable us to deliver world-leading charging
infrastructure to our customers across the globe.”
Facility to Test Upper Limits of Charger Power
The facility features one of the highest power commercially
accessible EMC testing chambers in the world. The facility is
designed to deliver up to 720kW of regenerative power from its
integrated system with fully integrated AC and DC power feeds,
ensuring Tritium can test devices that demand very high power
levels to Federal Communications Commission (FCC) and International
Electrotechnical Commission (IEC) certification requirements. The
custom-designed chamber features a five-metre turntable with
high-power connections, providing Tritium with the ability to test
a full high-powered charging system, consisting of the charger
itself and an accompanying power cabinet.
“We now have the freedom to test a charger at a moment’s notice
and for as long as we need, to ensure our chargers not only meet
the thresholds required for compliance but exceed them,” said James
Kennedy, Tritium Chief Technology Officer and Co-Founder. “We
believe that taking away the time constraints of a commercial
facility, combined with the ability to test in one of the most
powerful and advanced facilities of its kind, will enable us to
rapidly create and certify market-ready products more
cost-efficiently and to add features and customizations to more
effectively meet the needs of our customers.”
In addition, the facility houses two thermal chambers to test
equipment in extreme temperatures. The first chamber is designed to
test full charging systems, while the second chamber is meant to
test components and charger modules. Calibrated to meet IEC and
Underwriters Laboratories Inc. (UL) regulatory requirements, the
thermal chamber for charging systems is expected to enable Tritium
to test its products in up to 98% humidity and in temperatures
ranging from -40°C (-40°F) to +70°C (+158°F), while the thermal
chamber for testing modules and components is capable of producing
temperatures ranging from -70°C (-94°F) to +180°C (+356°F).
The facility is also capable of IK impact testing, allowing
Tritium to test and indicate the degree of protection its products’
electrical enclosures provide against external mechanical
impacts.
Tritium Global Footprint Continues to Expand Along with
Innovative Offerings
This verification and compliance testing facility is just the
latest in a series of purpose-built facilities opened by the
Company across the globe as it looks to continue to lead the way in
developing DC fast charging technologies and expand its market
reach.
In 2019, the Company opened its Research and Development
(R&D) Centre in Brisbane, one of the largest of its kind in the
world. It also opened a testing centre at its Amsterdam facility
which allows EV manufacturers to test vehicles for interoperability
with Tritium’s DC fast chargers. Later that year, the Company
opened a new customer-focused Innovation Center in Los Angeles to
allow customers to explore Tritium’s product suite and test
vehicles with Tritium’s chargers. Last month, Tritium announced the
opening of its first office in Singapore to allow the Company to
have a local presence in the region and strengthen customer
relationships in Asia.
“Since the launch of the R&D Centre in 2019, Tritium has
become the first to market with Plug and Charge technology,
allowing the vehicle and the charger to communicate and payment to
occur without the need for a credit card reader or QR Code,
pioneered fast charging for mining environments with an advanced
IP65 rated fast charger with best-in-class ingress protection and
developed a series of modular, scalable chargers to meet the needs
of charge point operators and the evolving demands of EV drivers,”
said Hunter. “We will continue to invest in innovation in the DC
charging space and maintain our position as a supplier of leading
technology.”
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 DCFC
Limited (“NewCo”), which will be the going-forward company,
becoming publicly listed. 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 Decarbonization Plus Acquisition Corporation II
Decarbonization Plus Acquisition Corporation II 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 US$5 billion of equity invested in
renewables.
Important Information and Where to Find It
In connection with the proposed business combination, NewCo,
which will be the going-forward public company, filed a preliminary
registration statement on Form F-4, (as amended, 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.
Forward Looking Statements
Certain statements made in this document are “forward-looking
statements” with respect to the proposed business combination and
including statements regarding the benefits of the business
combination, the anticipated timing of the business combination,
the anticipated consummation and timing of the private offering of
ordinary shares in the capital of NewCo to a certain investor (the
“PIPE Financing”), the services offered by Tritium and the markets
in which it operates, and NewCo’s projected future results. These
forward-looking statements generally are identified by the words
“estimates,” “projected,” “expects,” “anticipates,” “forecasts,”
“plans,” “intends,” “believes,” “seeks,” “targets,” “may,” “will,”
“should,” “would,” “will be,” “will continue,” “will likely
result,” “future,” “propose,” “strategy,” “opportunity” and
variations of these words or similar expressions (or the negative
versions of such words or expressions) that predict or indicate
future events or trends or are not statements of historical matters
are intended to identify forward-looking statements. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied on by
any investor as, guarantees, assurances, predictions or definitive
statements of fact or probability regarding future performance,
conditions or results, and involve a number of known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside NewCo’s, Tritium’s or DCRN’s control, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements. Important
factors, among others, that may affect actual results or outcomes
include the inability to complete the business combination or the
PIPE Financing in a timely manner or at all (including due to the
failure to receive required stockholder or shareholder, as
applicable, approvals, or the failure of other closing conditions
such as the satisfaction of the minimum trust account amount
following redemptions by DCRN’s public stockholders, and the
receipt of certain governmental and regulatory approvals), which
may adversely affect the price of DCRN’s securities; the inability
of the business combination to be completed by DCRN’s business
combination deadline and the potential failure to obtain an
extension of the business combination deadline if sought by DCRN;
the occurrence of any event, change or other circumstance that
could give rise to the termination of the proposed business
combination or the PIPE Financing; the inability to recognize the
anticipated benefits of the proposed business combination; the
inability to obtain or maintain the listing of NewCo’s shares on a
national exchange following the proposed business combination;
costs related to the proposed business combination; the risk that
the proposed business combination disrupts current plans and
operations, business relationships or business generally as a
result of the announcement and consummation of the proposed
business combination; NewCo’s ability to manage growth; NewCo’s
ability to execute its business plan and meet its projections;
potential disruption in NewCo’s employee retention as a result of
the business combination; potential litigation, governmental or
regulatory proceedings, investigations or inquiries involving
NewCo, Tritium or DCRN, including in relation to the business
combination; changes in applicable laws or regulations and general
economic and market conditions impacting demand for Tritium’s or
NewCo’s products and services; and other risks and uncertainties
indicated from time to time in the proxy statement/prospectus
relating to the proposed business combination, including those
under “Risk Factors” therein, and in DCRN’s other filings with the
SEC. Forward-looking statements speak only as of the date they are
made. Readers are cautioned not to put undue reliance on
forward-looking statement, and NewCo and DCRN assume no obligation
and do not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. Neither
NewCo nor DCRN gives any assurance that either NewCo or DCRN will
achieve its expectations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211122005742/en/
Tritium Media Contact Jack Ulrich
media@tritium.com.au
Tritium Investors Contact Caldwell Bailey ICR, Inc.
TritiumIR@icrinc.com
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