Tritium Rings Nasdaq Closing Bell in Honor of Listing
January 27 2022 - 6:31AM
Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a
global developer and manufacturer of direct current ("DC") fast
chargers for electric vehicles ("EVs"), today announced that
Company management rang the Closing Bell at Nasdaq MarketSite in
New York's Times Square yesterday afternoon at 4:00 p.m. ET, in
honor of its listing on the exchange.
The Company began trading on Nasdaq on January 14, 2022,
following the close of its business combination with
Decarbonization Plus Acquisition Corporation II
(“DCRN”).
“We are pleased to celebrate this important milestone for
Tritium here at Nasdaq,” said Jane Hunter, Tritium’s Chief
Executive Officer. “The transport industry is being electrified,
which means it is more important than ever for EV owners to have
access to rapid, reliable charging infrastructure. We are proud to
provide this networked infrastructure to our customers. As a public
company, we expect to continue to expand our product suite and
global footprint, which has already enabled more than 3.6 million
high-power charging sessions across 41 countries—delivering over 55
GWh of energy. I want to thank the Tritium team and Board of
Directors, our investors, our partners at DCRN and our transaction
advisors for their support and dedication through this
process.”
Tritium was founded in 2001 by e-mobility pioneers Dr. David
Finn, James Kennedy, and Dr. Paul Sernia. Drawing upon two decades
of power electronics experience in the renewable energy field,
Tritium has established itself as a global leader in the DC fast
charging space for EVs. As a public company, Tritium is well
positioned to benefit from accelerating and sustained long-term
growth of the global EV market, which is projected to have a
compound annual growth rate ("CAGR") of nearly 20% through 2040.
Global EV charging hardware sales are projected to have an average
CAGR of more than 25% each year over this period.
Most recently, the Company introduced the PKM150, a brand new
charging system design, which enables Tritium’s shared power
architecture, created to reduce customers’ upfront capital
investment while optimizing power draw down from the grid at
charging sites.
CEO Jane Hunter will continue to lead the Company. As part of
the business combination, Robert Tichio, previously the Chairman of
DCRN, joins Tritium’s Board of Directors as Chairman, along with
continuing Directors Trevor St Baker and David Finn.
Mr. Tichio commented, “We are excited to be part of Tritium’s
very impressive success story. Tritium’s robust growth and
financial track record are a testament to the groundbreaking
charging hardware that the Company has developed, as well as to its
incredible team of over 450 employees across four continents. I
look forward to our continued partnership on the Board, where we
will leverage our combined experience to drive long-term
shareholder value.”
A replay of the Closing Bell ceremony can be found at this link:
https://www.nasdaq.com/videos/tritium-dcfc-limited-rings-the-nasdaq-stock-market-closing-bell
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 Decarbonization Plus Acquisition Corporation
II
Decarbonization Plus Acquisition Corporation II was a blank
check company sponsored by an affiliate of Riverstone Holdings LLC
and represented a further expansion of Riverstone’s 15-year
franchise in low-carbon investments, having established industry
leading, scaled companies with more than US$6 billion of equity
invested in renewables.
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 U.S.
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 ContactCaldwell BaileyICR,
Inc.TritiumIR@icrinc.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d365763d-ae0d-4c93-895e-46fc794ef384
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