Rectifier Technologies Ltd

ASX:RFT

Rectifier Technologies Ltd

ASX:RFT
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$0.004 (0%)
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#412
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10
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Reports (5) My Report Forum Investors
Forum Topics RFT RFT Tritium Contract
Wini
Added 3 years ago

@shivrak Bodes well that RFT got their first shipment to Tritium in the US in before the end of 2022:

41efb274f3291afc60641af80701275b9b6cae.png

30
Hands
Added 4 years ago

A quick plug by Joe Biden and Tritium doubles after an under-the-radar listing.

Biden touted "an American manufacturing comeback." Tritium's chargers will "use American parts, American iron, American steel," and will be installed by union workers, Biden said. He said the federal government's fleet of 600,000 vehicles will "end up being electric vehicles."

It was also pointed out that with America going Electric Vehicles, there will be less dependence on oil from overseas - very canny given the Ukraine situation.

https://www.reuters.com/technology/biden-tritium-ceo-tout-tennessee-charger-plant-white-house-2022-02-08/

16
Hands
Added 4 years ago

I don't think Tritium's expansion in USA has much to do with RFT except for the fact that RFT now supplies products to Trititum.

I see it more as a case of "tainted by association". As tritium gets more press, so will it's associates.

But if/when Tritium gets some government incentives/orders, then it will naturally pass some of the dollars down the supply chain.

16
nerdag
Added 4 years ago

@AUROPAL Agree, that is a risk.

Not that I am into technicals, but this stock seems to have little ability to hold onto gains, and there is a ceiling at roughly 8c.

My guess is the historical opacity of management is spooking the market (on top of broader issues), and only adds to the selling pressure as punters get out while they still can.

Still holding.


12
Wini
Added 4 years ago

Cheers to the poster on HotCopper who alerted me to the latest Tritium update, I was subscribed to their email list but didn't consider to monitor the listed SPAC company on the Nasdaq!

https://www.nasdaq.com/press-release/correcting-and-replacing-tritium-a-leading-global-developer-and-manufacturer-of-dc

Of most interest to RFT:

  • Production in the three months ended September 30, 2021 was a record of approximately $22 million, representing a 64% increase over the three months ended June 30, 2021 and a 140% increase over the three months ended March 31, 2021.
  • Total backlog of approximately $78 million as of September 30, 2021 represents the largest backlog ever recorded by Tritium, an increase of 86% over the June 30, 2021 backlog of $42 million and an increase of 189% over the March 31, 2021 backlog of $27 million.
  • Since November 2020, increasing product demand has required Tritium to double the Company's production line shift headcount.


And potentially this line:

"We have a pipeline of product introductions slated for 2022 and 2023, including our 25kW V2G/V2H wall unit and our 360kW and 1MW line, which will begin with a 150kW line designed for charging park applications launching before the end of 2021.”

That product is either a rebadged RFT Highbury or a direct competitor. That said the Highbury on RFT's website is only 11kw so doesn't bode well for my rebadged theory...

31
Wakem
Added 4 years ago

It could be complementary to the highbury? As the highbury is 7/11kw…. It would be interesting if RFT does the power engineering for the bigger units???

13
Wakem
Added 4 years ago

A little more transparency from the company would be great....

breakdown of sales, market release of highbury dc etc 

14