Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a
global developer and manufacturer of direct current (“DC”) fast
chargers for electric vehicles (“EVs”) is expected to supply more
than 100 rapid chargers to Motor Fuel Group (“MFG”), the largest
independent forecourt operator in the UK.
With over 900 sites offering customers a growing dual-fuel
strategy, a versatile valeting offer, and a convenient retail and
‘food to go’ portfolio, MFG is dedicated to keeping UK motorists on
the move, supporting local communities, and enabling a transition
to a cleaner environment.
MFG forecourts will be the place for high speed, convenient,
ultra-rapid top-up charging, equipped with Tritium’s 150kW DC fast
chargers, which can add 100 miles (160 kilometers) of range to an
EV in approximately 10 minutes, and are designed for more
cost-effective operations and infrastructure deployment.
“We’re proud to partner with Motor Fuel Group to
support their parallel goals of electrifying transportation and
enabling a greener and cleaner future by providing customers with
readily available rapid chargers across their forecourt network in
the UK,” said Tritium CEO Jane Hunter. “This announcement
highlights MFG’s recognition that the world is changing, and they
are leading the charge towards electric vehicles and low carbon
fuels in line with the UK government’s ambitions.”
To show their commitment to a cleaner, greener, and more
sustainable environment, MFG is investing £400m in their EV
strategy, funded entirely by cash generated through their existing
business. This investment will support their electrification goals
to provide a reliable and practical service for EV customers, by
installing 3,000+ ultra-rapid 150kW and 350kW chargers across 500+
sites in the UK by 2030.
MFG is also offering landlords and developers a no-cost
opportunity to have guaranteed rental income, improved on-site
facilities, and increased site footfall and dwell time through
their EV Power brand, which requires no subscription and allows
customers to pay for their charge using contactless payment methods
or through their app.
"We are delighted to be working with Tritium as
we push to be the biggest ultra-rapid charging hub operator in the
UK,” said Ed Chadwick Till, Motor Fuel Group Director, EV.
“Tritium’s industry leading technology, their exciting product
roadmap, and best-in-class customer care give us confidence in a
long-term partnership that will help MFG in its mission to make EV
charging simple, reliable, and stress-free."
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 MFG
Motor Fuel Group (MFG) is the UK’s largest independent forecourt
operator. It has over 900 sites offering customers a growing
dual-fuel strategy, a leading valeting offer, convenient retail and
‘food to go’ portfolio, online delivery lockers and business break
areas/facilities, MFG is reported to be the fifth largest retailer
by number of stores in the country.
MFG is dedicated to keeping UK motorists on the move and
supporting our local communities.
More information on MFG can be found at motorfuelgroup.com
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 1995. 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
MFG Media ContactEd Chadwick
Tilled.chadwicktill@motorfuelgroup.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2ecc9a85-eca7-4cf3-8d27-395ce1bd7d02
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