Tritium DCFC Ltd (DCFC) Quote

BYD, related post by Tritium CEO, Jane Hunter.

DUHH one can only hope they choose Tritium https://www.simon.com/

2:59PM Simon Property (SPG) & bp Team Up to Expand EV Charging Network
(Zacks)

11:24AM Simon, BP launch EV charging partnership
(Chain Store Age)

11:10AM Real-Estate Stocks Jump After Inflation Report
(The Wall Street Journal)

07:30AM 3 Real Estate Stocks to Buy for Stable Income
(InvestorPlace)

12:29PM bp signs deal with Simon to expand ultra-fast EV charging network in US
(PR Newswire)

09:06AM BP signs deal with mall owner Simon Property for over 900 EV chargers
(Reuters)

“We're pleased to complete this deal with Simon and expand our ultra-fast charging network footprint in the U.S.,” said Richard Bartlett, CEO of BP Pulse. “The Simon portfolio aligns with bp pulse's strategy to deploy ultra-fast charging across the West Coast, East Coast, Sun Belt and Great Lakes, and we are thrilled to team up with Simon so that EV drivers have a range of retail offerings at their impressive destinations.”



Simon, BP launch EV charging partnership

7/11/2024
https://chainstoreage.com/simon-bp-launch-ev-charging-partnership

Ultra-fast bp pulse Gigahubs™ to be rolled out at 75 Simon® locations, adding over 900 charging bays across the US.


bp signs deal with Simon® to expand ultra-fast EV charging network in US

Release date: 10 July 2024
https://bppulsefleet.com/press/bp-signs-deal-with-simon-to-expand-ultra-fast-ev-charging-network-in-us/

Gigahub in Houston - https://bppulsefleet.com/public-charging/

Looks like Three major Charging companies turned the lights out and Seth is in the Theaters spotlight.

That would be ABB, Telsa, and Tritium presently with the lights out.

ABB Considering Sale of Some Electric Mobility Assets

June 6, 2024
https://www.swissinfo.ch/eng/abb-considering-sale-of-some-electric-mobility-assets/79844785

Rivian's Amazon Delivery Vans Keep Mysteriously Catching Fire

....Chargers have been blamed for fires before, either due to improper home wiring or inadequate cooling.

What’s still unclear is whether professionally-installed chargers, like these Rivian units, are prone to the same issues as Level 2 chargers plugged into home dryer outlets.

https://www.zerohedge.com/markets/rivians-amazon-delivery-vans-keep-mysteriously-catching-fire


.....inadequate cooling.????

Ionna Cadence of News Coming Soon

"I told other people, we put people on the moon, in six years or so," Cutler said. "We should be able to make EV chargers work, right?"

Jun 14, 2024
https://www.caranddriver.com/news/a61100029/ionna-executives-ev-charging-network-interview-details/

Lets Hope for some contracts and Jane allows this this ticker to be or not be joyous news

Xmo Strata Ltd - Shell Recharge

2,158 followers
3d

Another EV canopy branded and 7 EV chargers liveried in situ by the Xmo Strata team at Shell Barking.

https://www.linkedin.com/posts/xmo-strata-ltd_ev-signs-signage-activity-7211629370036162563-6P1Q


Shell Recharge Charging Station
Address:
514 Ripple Road, Barking, Greater London England,
https://barking.cylex-uk.co.uk/company/shell-recharge-charging-station-27955688.html

Arcadis Completes Charger Installation for bp pulse’s 1st High-Speed EV Gigahub in the US
1 day ago
https://cleantechnica.com/2024/06/24/arcadis-completes-charger-installation-for-bp-pulses-1st-high-speed-ev-gigahub-in-the-us/

Arcadis has delivered more than 7,000 EV charging stations around the world

Arcadis, a leading global design and consultancy organization for natural and built assets, today announced the completion of bp’s (NYSE: BP) latest high-speed EV charging site at the company’s North America headquarters in Houston, Texas. The new bp pulse station is the first bp pulse branded Gigahub™ in the US for their EV charging business.

Arcadis delivered program and construction management for the installation of 24 high-speed charge points at bp’s Houston campus. Twelve Tritium 150kW DC fast chargers were installed at the site, which are configured so any electric vehicle will have the capability to charge at the new EV charging facility. Parking canopies designed to support a Solar PV system may be added in the future. The site is designed to accommodate potential expansion with additional chargers as needed, as well as restrooms, a lounge, and convenience store.

Brooke Bonkoski, President of Resilience Environment US at Arcadis, said: “We are proud to work with bp pulse on energy transition projects such as these that accelerate a planet positive future. Arcadis, like bp, is committed to moving the energy transition forward. Delivering this project in the City of Houston, the energy capital of the world, is particularly impactful.”

The new EV charging facility will provide increased capacity for electric vehicle charging across greater Houston, making EV ownership more convenient and helping to reduce driver hesitation to make the switch from gas and diesel vehicles to full electric vehicles. The new charging Gigahub is a critical addition to the City of Houston that is seeing a rapidly growing number of electric vehicles in the city.

Sujay Sharma, CEO, bp pulse Americas, said: “The opening of our first bp pulse Gigahub is a major step in bp pulse’s plans to build out a national EV charging network. EV drivers need access to reliable, fast, on-the-go charging to enable an exceptional customer experience. Working with leaders in the space, like Arcadis, is allowing us to deliver the charging experience EV drivers need in Houston and beyond.

bp unveiled the new charging Gigahub during the CERAWeek by S&P Global Conference. The facility is now open to the public.

Jeffrey B. (Jeff) Cohen

Vice President of Sales, Tritium Technologies LLC - Americas
1w

Back to the Future! RDU was home to GE L2 AC chargers when now IONNA CEO Seth Cutler was running that EV charging business at GE. Another “win” for the Southeast!


(Jeff) Cohen COMMENTED to.....

IONNA
4,645 followers
1w
https://www.linkedin.com/posts/ionna-official_press-release-from-pr-newswire-activity-7206356175649517568-aIOJ

IONNA Selects Durham, North Carolina as Headquarters and Announces New Executive Leadership Team
Jun 11, 2024,
https://www.prnewswire.com/news-releases/ionna-selects-durham-north-carolina-as-headquarters-and-announces-new-executive-leadership-team-302168896.html?sp_sn=linkedin&spclid=D8A6551F-0190-49E5-AFAD-813EB9EADEC2

Recent Linkedin post.
https://www.linkedin.com/mwlite/feed/posts/chrischaganis_today-marks-my-first-year-anniversary-at-activity-7203349857590243329-_o2c

26 new Evie Networks fast charger sites across Sydney Eastern Suburbs
By Neerav Bhatt
May 28, 2024
https://zecar.com/reviews/26-new-evie-networks-fast-charger-sites-across-sydney-eastern-suburbs

Key quotes:

"In late April 2024 Tritium DCFC Limited determined that the Company and three of its Australian subsidiaries, Tritium Pty Ltd, Tritium Holdings Pty Ltd and Tritium Nominee Pty Ltd were insolvent or likely to become insolvent so they appointed KPMG as Voluntary Administrator. It is not yet clear whether the charger hardware for these new Evie locations will be manufactured by Tritium or another brand such as Kempower, ABB etc."

"This choice will be interesting as Evie and Tritum have a common financial backer and so far all public chargers installed by Evie have been Tritium."

Tritium: Australian EV Innovator Shifts Production to U.S. Amid Financial Restructuring

November 13, 2023
https://www.carsauce.com/car-news/tritium-australian-ev-innovator-shifts-production-to-u-s-amid-financial-restructuring

Shell Station Converted to EV Charging Is a Glimpse of the Future

Jan 18, 2022
https://www.autoweek.com/news/green-cars/a38802959/shell-ev-charging-station-uk/

Aug 24, 2022 DC Fast Charger Factory In Tennessee

https://insideevs.com/news/606273/tritium-opens-fast-charger-factory-tennessee/

Looks like your on your own, ked.

Seth Cutler

CEO @ IONNA | Revolutionizing the entire EV charging experience

10mo

https://www.linkedin.com/posts/seth-cutler_tritium-becomes-first-manufacturer-to-win-activity-7084578416666021889-f5iL

WATCH: CBS’s Margaret Brennan laughs in Pete Buttigieg’s face when he is unable to explain why only 7 or 8 electric vehicle charging stations have been built despite the Biden admin spending $7.5 BILLION to build chargers. pic.twitter.com/BmFK17Dk5O— Steve Guest (@SteveGuest) May 26, 2024

Early in the interview CBS’s Margaret Brennan called out Mayor Pete on something we wrote about just days ago: after spending more than $7 billion since 2021 on EV infrastructure, the nation has less than 10 EV chargers to show for it.

As we noted earlier this month, the Bipartisan Infrastructure Law, signed by Biden in November 2021, allocated $7.5 billion for EV charging. Of this amount, $5 billion went to states as "formula funding" for the National Electric Vehicle Infrastructure program to establish a network of fast chargers along major highways.

Today, there's seven chargers with a total of just 38 parking spots.

And how do you know the problem is bad if you're a Democrat? First, it was the Washington Post calling out the lunacy. Now, it's CBS. When pressed for an answer, Mayor Pete tried to deflect the issue, leading to an involuntary laugh by host Brennan.

https://www.zerohedge.com/markets/mayor-pete-humiliates-himself-cbs-interview-blames-airline-turbulence-climate-change

Tritium owes billionaire $100m but he’s still upbeat

EV fast charger Tritium’s debt has blown out to $500m of which $100m is owed to Trevor St Baker, but ahead of Monday’s creditors’ meeting he says he’s optimistic of a rescue package
https://www.couriermail.com.au/subscribe/news/1/?sourceCode=CMWEB_WRE170_a&dest=https%3A%2F%2Fwww.couriermail.com.au%2Fbusiness%2Fqld-business%2Fthe-collapse-of-evcharging-poster-child-tritium-and-why-trevor-st-baker-thinks-it-can-rise-again%2Fnews-story%2F8ff666c4e602ecbe351920fec0d72143&memtype=anonymous&mode=premium&v21=GROUPA-Segment-2-NOSCORE


......Tritium’s debt has blown out to $500m ???? .......was 350m
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174383111

"under a different capital structure." ....?????
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174401386

On May 19, 2024, Jane Hunter, Chief Executive Officer and Executive Director of the Company, informed the Administrator of her resignation from the board of directors of the Company, effective immediately. Ms. Hunter and the Company have no disagreements, including with respect to any accounting-related policy or matter, and she will continue to serve as Chief Executive Officer of the Company.

FORM 6-K
May 24, 2024
https://www.otcmarkets.com/filing/html?id=17572158&guid=HbQ-ke4sDZOvB3h

Repost from Stocktwits. https://stocktwits.com/risk_vs_reward/message/574156947

NOTICE OF FILING AND HEARING

NEW SOUTH WALES REGISTRY - FEDERAL COURT OF AUSTRALIA

A1. Extension of the convening period

1 An order pursuant to section 439A(6), or in the alternative section 1322(4), of the Act that
the date of the convening period as defined by section 439A(5) of the Act, for the second
meeting of creditors of the Companies required pursuant to section 439A of the Act
(Second Meeting) be extended up to and including 20 September 2024 or such other
period that the Court considers appropriate.

Convening Period Extension – 9 May 2024
https://kpmg.com/au/en/home/creditors/tritium-group.html#court-documents

The company might survive, but current shareholders? Not looking good.

ChargeNet unaffected by Tritium situation
by Geoff Dobson
May 6, 2024
https://evsandbeyond.co.nz/chargenet-unaffected-by-tritium-situation/

I am playing this like WKHS was at .75 cents 5 years ago. I did not load at the time.

I see a little champ maybe in 5 years.

A Buy out by Telsa would be moon shot. NOT.

Company is playing in the big leagues. Ticker could go EXPERT trading

Added today Date posted
05/13/2024
Amount
$3,599.00
Description
3600 TRITIUM DCFC LIMITED UNSOLICITED TRADE

Queensland EV charging manufacturer Tritium may survive
SIMON THOMSEN
MAY 13, 2024
https://www.startupdaily.net/topic/business/queensland-ev-charging-manufacturer-tritium-may-survive/

The elephant in the room for current shareholders:

"under a different capital structure."

Tritium operations "stabilised" as EV players show interest in potential transaction

10 May 2024
https://www.businessnewsaustralia.com/articles/tritium-operations--stabilised--as-ev-players-show-interest-in-potential-transaction.html

Tritium will be an acquisition

"successfully stabilised" and continuing business-as-usual operations.

So far they have received interest from a number of interested entities with established operations in the EV charging and electronic component manufacturing sectors, as well as potential financial sponsors.

"We are very confident the sale process will identify a new owner that can build on this success to date, and capture the opportunity to bring new Tritium products to market and grow the business, under a different capital structure."

The latest on insolvent Australia EV charge firm Tritium
Tritium's receivers say the troubled firm is operating on a "business-as-usual basis" and have already received interest from potential buyers.
10 May 2024,
https://www.carexpert.com.au/car-news/the-latest-on-insolvent-australia-ev-charge-firm-tritium

NRMA addresses exit of EV charger manufacturer Tritium, which entered voluntary administration in April 2024.

Tritium has announced it will seek a buy out after being placed under voluntary administration in April 2024. The NRMA is working closely with the administrators, to work through a solution for the supply and maintenance of its chargers.

The NRMA’s focus remains on expanding the national EV charging network, jointly funded by the NRMA as well as the federal, NSW and Queensland governments.
What will happen to existing sites with Tritium fast chargers?

Tritium fast chargers currently make up a significant proportion of the NRMA’s charging network. With the earliest of those now reaching their end of life, there are already plans in place to upgrade certain charging locations with units made by other manufacturers.

Newer units and in particular those still under warranty will remain online.

Regarding the upgrade of the older units, there may be grid and space restrictions at certain existing locations that rule out a straight swap of hardware.

07 May, 2024
https://www.mynrma.com.au/electric-vehicles/charging/nrma-charging-plan-tritium

What does CBA do in Australia?
The Commonwealth Bank is Australia's largest retail bank and offers customers a range of products and services, including loans, credit cards, transaction and savings accounts. It has the largest branch and ATM network. It also offers services to people planning to move to Australia.

Commonwealth Bank - Wikipedia https://en.wikipedia.org/wiki/Commonwealth_Bank

CBA Corporate Services NSW which is claiming $199.5 million,

ASX-listed Rectifier Technologies claims $25m debt from collapsed Tritium
8 May 2024
https://www.businessnewsaustralia.com/articles/asx-listed-rectifier-technologies-claims--25m-debt-from-collapsed-tritium.html

According to the first meeting of creditors for Tritium held at the start of this month, Rectifier-affiliated companies Rectifier Technologies Pacific Pty Ltd and Rectifier Technologies Singapore Pte Ltd claimed they were owed $5.23 million and $19.4 million respectively.

Other major creditors to Tritium include Sunset Power as a trustee for the St Baker Family Trust which is claiming $65 million, CBA Corporate Services NSW which is claiming $199.5 million, and GPT Newcastle Development which is claiming $11.8 million, alongside others such as Flextronics Industrial ($13 million), Jiyuan Co ($2.7 million), Syskim International ($1.2 million), Venture Electronics Services Malaysia ($4.4 million) and Click International Hong Kong ($1.3 million).

A second meeting of creditors is due to be held on or before 27 May, unless the court extends the date.

1 day ago This is an active crime scene in progress.

1 day ago
Have any civil or criminal lawsuits started?
8 hours ago
Is it weird that we see no law firm adds here?

1 day ago
I wouldn't touch this stock at all. Lots of us loss money here. Beware

3 May, 2024
So let me get this straight... This company splits its stock 1 for 200 just a month ago and it crashed back down below a buck and was delisted anyway?

2 May, 2024
So that was was it? No communication whatsoever?

30 April, 2024
"Mr Fraser (Receiver of Tritium) said he had received significant inquiries, including from big companies that operate in the sector, and from parties interested in participating in an expedited sale process."

That's not bad news at all.. No one knows the outcome, but if you like a gamble, now's the time..

Laid Off Tesla Supercharger Employee Predicts Network Quality Will “Deteriorate”
8 hours ago
https://www.carscoops.com/2024/05/laid-off-tesla-supercharger-employee-predicts-network-quality-will-deteriorate/

This ought to excite Bp pulse and their 100 million dollar order of Telsa chargers

Guys on another website suggest higher ups want to take Tritium private. And possible delist the ticket. I don't know but the silence from this company is horror to the public investor.

Definitely not NASA rocket science thrill.

Yeah the R/S pretty much wiped all of us out.It brought me down to 150 shares.

It would be nice to recoup some of our investment but the stock price would need to hit $255.00 a share just for me to break even. But I will gladly take whatever amount I might be able to get ! Anything is better than nothing.

Investors have 1 percent of their investment.
Janes actions, investors are calling FRAUD.

Let's see if ticket can bring back my money to 100 percent.

Yeah my 100k shares is 500. At a dollar I bought 1k shares hoping for a 20.00 dollar run. That would bring my money back.

Sitting here @ a dollar is sickness in misery.

It ain't over. I think Tritium is dumping it's Australian liabilities . If a sale is possible I would like to see Ionna, BP pulse or Shell recharge to buy company and merge into shell. That would be a strong hand take over company with billions of muscles to get things done..
Jane said shell was companies nemesis .

Delisting of ticket ain't yet but that would mean total failure on Jane's part.

Crazie money wants things to happen.

Yeah I pretty much have kissed my 38K good by .

Win some lose some 🤦

Australia-headquartered EV fast-charging company Tritium DCFC has declared insolvency.
May 3, 2024

The company has so far made no public statements regarding the insolvency and whether there are any potential buyers.

https://www.evcandi.com/news/fast-charger-manufacturer-tritium-insolvent

The Tritium Group

Information for creditors of The Tritium Group (in Voluntary Administration).


https://kpmg.com/au/en/home/creditors/tritium-group.html

3 hours ago Most of you may already know this, but there's a shareholder FAQ available if you search for "kpmg" and "tritium".

It outlines that shareholders are considered the same as unsecured creditors. A lot of the process they're going through is to make sure secured creditors are paid back. They're legally required to sell things at market value.

Up next is a meeting of the creditors to vote between three things:

To accept a binding agreement between company and creditors on how the company will be dealt with.

Immediate liquidation.

Return control to company directors

It's scheduled for the time limit of May 20th, but an extension is likely.

That is fine to disagree. But the writing is on the wall. The costs and waste in this agenda pushed by governments was a scheme from day one. The gullible don't seem to care for the destruction to third world countries where all the metals are mined that uses child labor to create these volatile batteries that erupt in a plasma fire. Many die in the process. Besides the toxic waste of the batteries that is piling up. No one even buys used EV cars because it is technically and physically impossible to know the life of the cells inside the batteries. You literally would have to open each one and look. Unlike easy tests and inspections on combustion engines. Batteries degrade and diminish in capacity with time whether they are used or not. You can store a combustion engine for a 1,000 years and it will still run as it did prior next time you go to start it. The concept of electric cars was a been there done that model that some Einstein's decided to promote to restrict movement of the populace. They do not go far, and those in control can shut your car OFF at a moments notice if they don't like your beliefs. The cats are out of the bag and the milk is spilled. Enjoy and peace.
P.S. tidbit of info. Gasoline is 100X times more energy dense than Li-ion in equal mass. So which is more efficient? I thought so. And crude oil is infinite and created by the earth deep in the mantel daily. It replenishes and will never run out. It was JD Rockefeller that said it was "fossil fuel". and finite. That was a total lie to make gas expensive and that family $$$. OIL is the next most abundant liquid on this planet next to water. It used to be basically FREE in the 1800's. That is how plentiful it was and still is before this manmade spoken "scarcity" of today.

rbl100, I couldn't disagree more. The following chart shows the share of new cars sold that are EV from 2010 to 2023 in various countries around the world, and indicates a steady increase in adoption of EVs (Source: https://ourworldindata.org/electric-car-sales). Adoption in the US, being an oil rich country, is running a bit behind, while China is already up to 40%, and Norway is already over 80%.