Rft rectifiers technology Tritium contract, page-5

given the concern among holders about the longevity of the Tritium contract, the rapid growth of EV charger revenue for RFT, to 65% of total from nothing a few years ago, and the fact that today is the first anniversary of the contract it’s worth revisiting what was said at the time.

RFT: “This contract includes an exclusive supply and purchase arrangement between Rectifier Technologies Ltd and Tritium Ltd for the supply of 35kW high-voltage and high- efficiency modular power supply units for high power DC electric vehicle chargers (120KW and above), for at least 1 year with options to extend. This exclusive arrangement provides further opportunities to advance our products in the high-power DC electric vehicle charging sector.”

no mention was made of any contract extension in presentations to the recent AGM.

that said, it’s difficult to understand why RFT would expand production facilities as they have without something of substance in the bag.

in the absence of any news the SP languishes, currently just 60% of a late July high.

an xmas present would go down a treat.