Over 250 New Tritium Fast Chargers to Be Added to the Osprey Charging Network in the United Kingdom
May 03 2022 - 6:00AM
The United Kingdom (“UK”) is expected to require at least 280,000
to 480,000 public charging points by 2030 – equivalent to almost
five times the number of fuel pumps on our roads today – according
to a recent study by the Competition and Markets Authority into the
UK’s electric vehicle (“EV”) charging availability and reliability.
To help meet this challenge, Tritium DCFC Limited (“Tritium”), a
global developer and manufacturer of direct current (“DC”) fast
chargers for EVs, is expected to supply more than 250 rapid
chargers to the Osprey Charging Network, one of the fastest growing
UK-wide networks of rapid EV charging points.
Aimed at increasing access to rapid and reliable charging
infrastructure in car parks, retail locations and along major
transit routes, the chargers are expected to be added to 100 new
charging destinations, growing Osprey’s network by over 50%.
“It’s really encouraging to see the UK government
proactively driving the transition to electric transportation in
such a strategic manner through their Ten Point Plan for a Green
Industrial Revolution, creating and supporting up to 250,000 green
jobs. In 2021, approximately 190,727 new electric vehicles were
sold in the UK, a staggering increase of 76% compared to 2020,
setting a new record for the country and a strong indicator of the
UK’s technology switch,” said Jane Hunter, Tritium CEO. “We’re
delighted to strengthen our relationship and key partnership with
Osprey to support their infrastructure coverage goals and increase
access to rapid charging, enabling drivers to transition to EVs
with a fast, reliable and convenient charging experience.”
This announcement comes shortly after the release of a new EV
charging network strategy set out by the UK government which aims
to expand the country’s charging network, so that it is robust,
fair and covers all major infrastructure areas – and also improve
the consumer experience at all charging points. The plan also
includes significant support focused on those without access to
off-street parking and for fast charging on longer journeys.
This announcement also underscores the deepening relationship
between Tritium and its customers. In April 2021, Osprey announced
the installation of its first RTM75 charger, and followed with a
December 2021 announcement expanding the Osprey network with 100
Tritium chargers. Less than five months later, Osprey’s
announcement today to deploy an additional 250 Tritium chargers
illustrates the relationship growth that is occurring with
Tritium’s most valued customers, as the Company now looks to 2023
and beyond to expand its footprint and geographic reach with its
portfolio of industry-leading products and services.
“As an independent charge point operator, we have
the freedom to work with the very best hardware companies so that
we can provide the very best experience for our customers,” said
Ian Johnston, Osprey CEO. “We have already installed Tritium
rapid chargers at many of our most popular locations, including
sites with improved accessibility and at our South London
high-power charging hub. We are excited to add the dynamic
load-balancing PKM chargers to our rapidly expanding UK network,
optimising charger output across a number of cars plugged in
simultaneously and ultimately improving driver experience. Tritium
is an instrumental partner in helping Osprey deliver on our goal of
creating a high quality, inclusive, reliable charging network
that’s worry free and accessible for all.”
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC; DCFCW) 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 Osprey Charging Network
Osprey Charging Network is a UK-wide, rapid electric vehicle
charging network, backed by Investec and Cube Infrastructure
Partners. Osprey fund, install and manage their network on behalf
of landlord partners. The Osprey network is built to provide a
trusted and comfortable experience: reliable, open-access and
easy-to-use charge points are conveniently located on major routes
and with nearby amenities. All Osprey chargers accept contactless
payments, App payments, RFID payments and payment through all major
third-party payment methods including fleet cards and roaming
partners. Every charging point is also powered by 100% renewable
electricity.
More information on Osprey can be found at
ospreycharging.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 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
Osprey Media ContactDora
Clarkemedia@ospreycharging.co.uk
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4f6a9ae8-1049-4199-aef3-b77e8c70e434
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