Trevor St Baker who is the chairman & a major shareholder of Tritium is also a major shareholder of Evie Networks which is not related to Tritium.
Evie Networks is a supplier of AC & DC chargers in Australia & is also a network operator but has nothing to do with the actual manufacture of the chargers....it outsources not only from Tritium but also from ABB , Evbox, Siemens etc...
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It is worth mentioning that EV charging rectification is the most expensive cost of the machine.....A level 3 charger can have up to 20 rectifiers at a cost around $900 each.
This is basically what RFT does.
The investment thesis in RFT is simple.....More charger = more rectifiers.......we are not asking for anything special....Just for RFT to grow sales & earnings at the same CAGR that of the industry which is projected to be >30% in the next 10 years.
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