Tritium Announces Partnership with Wise EV to Provide First Chargers on New U.S. Charging Network
February 15 2022 - 6:00AM
Tritium DCFC Limited (“Tritium”) (Nasdaq: DCFC), a global developer
and manufacturer of direct current (“DC”) fast chargers for
electric vehicles (“EVs”), today announces a partnership with Wise
EV, a subsidiary of renewable energy service provider Wise Power,
to provide fast chargers for a new national EV charging network.
The charging network is expected to start with 25
locations throughout Florida, with DC fast chargers at major gas
stations through one of Wise EV’s gas station operation partners.
Florida is the number two state in the nation for overall passenger
EV sales, according to the Department of Energy (DOE), and received
the third largest state allocation under the February 10, 2022
Department of Transportation (DOT) and Federal Highway
Administration’s (FHWA) $615 million National Electric Vehicle
Infrastructure (NEVI) Formula Program Guidance, as part of the $7.5
billion investment in electric vehicle charging as part of the 2022
Infrastructure Investment & Jobs Act.
“We’re delighted to announce our new EV charging
network, powered by Tritium’s fast charging technology,” said CEO
of Wise Power, Inc. Kevin Williams. “Tritium’s chargers are a great
fit for our business and expansion model, with their small
footprint, upgradeable power and smart, customer-focused features
like simultaneous charging and Plug and Charge. With Tritium’s
advanced technology, we’re confident that we can achieve our goal
of creating a national EV charging network.”
Wise EV has plans to expand the network using a hub
and spoke philosophy, centering the charging around metropolitan
hubs and connecting those cities through interstate-based charging
spokes. The company has the goal to build a charging network that
will allow drivers to travel from coast-to-coast. To execute this
strategy, they plan to aggressively expand their network with
Tritium’s fast charging technology, establishing their metropolitan
charging hubs in 2022 and connecting those hubs with interstate
charging spokes in 2022 and 2023.
“Wise EV shares Tritium’s vision of ubiquitous DC
fast charging where EV motorists can drive across the country and
within major high density population cities with the full
confidence they will have a place for fast charging, without
planning,” said Mike Calise, Tritium President of the Americas. “We
believe this is the beginning of a long-term partnership that will
help provide Americans the charging infrastructure necessary to
enable the electrification of transportation and the environmental
and decarbonization benefits that go along with it.”
Wise EV offers customers a compelling business
model with attractive leasing rates, which the company believes is
currently one of the most affordable ways to add fast charging to a
property in the country.
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 Wise EV
Wise Power (WISE) is a renewable energy services
provider serving customers nationwide. WISE offers solar PV
systems, scalable intelligent energy storage systems, and EV
charging stations. We provide solutions for home, business,
industry, and utility-scale applications.
WISE is launching a national EV charging station
network that is focused on the needs of the EV driver. Our software
platform will go LIVE in Feb 2022 with features that include an
enroute available charging network and tailored charging
experiences for drivers.
For more information, visit getwisepower.com and
look for WISE-EV.com coming in February
2022.
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/00c6cfa6-52d7-4d18-8fa5-90a7083b17af
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