Global electric vehicle (EV) fast charger manufacturer, Tritium
DCFC Limited (Tritium) (Nasdaq: DCFC), today announced that OK
a.m.b.a. (OK), Denmark’s largest fuel retailer, has purchased more
than 300 fast chargers for use at fuel stations, on highways, in
urban areas and retail sites, and with OK’s corporate fleet and
fleet customers.
OK currently owns more than 670 fuel stations in Denmark. Many
of these fuel stations are co-located with Coop retail outlets,
Denmark’s leading consumer goods retailer, and the new charging
stations will provide Danish drivers with access to fast and
convenient charging infrastructure.
This deployment of Tritium fast chargers is part of OK’s wider
plan to support the expansion of Denmark’s public charging
infrastructure in both large and small Danish cities, providing the
fast charging infrastructure needed to support the Danish
government’s goal of at least 775,000 electric or plug-in hybrid
cars on the country’s road network by 2030, in a bid to reduce
greenhouse gas emissions by 70%.
“In 2022, nearly 40% of cars sold in Denmark were
electric or plug-in hybrids, providing evidence of the Danish
technology transition and solidifying Denmark’s position as a
global leader in the transition to sustainable transportation,”
said Jane Hunter, Tritium CEO. “A growing network of public fast
chargers will add further momentum to Denmark’s EV uptake, and
we’re pleased to support OK’s e-mobility goals. Our partnership
with OK will increase drivers’ access to fast chargers in Denmark,
enabling a more rapid transition to EVs with all of the
environmental benefits they bring.”
OK has already received a portion of this purchase order and
successfully launched the first of its Tritium 75kW modular
chargers at the Super Brugsen store in Hillerød and the Kvickly
store in Odder, Denmark. As chargers are installed at Coop stores
across Denmark, customers will be able to pay for their charging
session using OK’s award-winning app, providing a seamless and
convenient customer experience.
“OK is focused on providing a seamless and
authentic customer experience and we are thrilled to be partnering
with a leading fast charger manufacturer such as Tritium, giving us
the prospect of accelerating our plans of expanding our DC network.
OK’s first Tritium sites in Odder and Hillerød have been a success,
and OK are looking forward to setting up new sites across Denmark,”
said Thor Folmann Krarup, E-mobility Manager, OK a.m.b.a.
Denmark is making positive strides towards phasing out internal
combustion engine vehicles. With records broken for the sale of
battery electric vehicles (BEV) in 2022, the Danish Car Importers
Association (DBI) recently reported that sales of new electric
vehicles increased by 23.8% from 2021 and accounted for 38.6% of
new vehicles sold in 2022. In mid-October, Denmark reached the
significant milestone of 100,000 BEVs registered to drive on Danish
roads, a ten-fold increase from three years ago.
In 2022, the number of publicly accessible fast chargers in
Denmark tripled to 784, and Tritium is proud to contribute to this
rapid growth in charging infrastructure. As this trend continues,
Tritium and OK will work collaboratively to provide a fast,
reliable, and safe charging network to serve all Danish
drivers.
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 OK a.m.b.a.
OK a.m.b.a. is a Danish cooperative. In addition to the parent
company OK, OK also counts subsidiaries such as Kamstrup,
EnergiData and OK Plus. OK includes more than 670 gas stations,
more than 200 car washes and 80 Truck Diesel stations, and OK is
thus Denmark's largest filling station chain. OK is a nationwide
supplier of gasoline, diesel, e-mobility, transport diesel, heating
oil, lubricants, natural gas and electricity for both business and
private individuals. In addition, OK provides consulting, design
and installation of heat pump solutions of all sizes. OK has three
biogas stations and also provides refueling points for four of
Everfuel's hydrogen refueling plants.
More information on OK can be found at www.ok.dk/om-ok
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@tritiumcharging.com
Tritium Investors ContactCary
Segallir@tritiumcharging.com
OK a.m.b.a. Media ContactSteffen Toft
Spielestts@ok.dk
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e6319a08-2bf8-41fd-b193-b148f0581bb0
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