Annual Report - Confirms my belief that RFT will have a strong future in our electrification transition

Highlights

• Diversity of EV orders, Driven by RT22 module. Interestingly they are going for further certifications on units ?
• V2G not forgotten about...
• RT21 Commercialization 2023/24
• Megawatt charging system development
• Generally company looking much more transparent than previous reports
• Segment revenue shown
• R&D spend increasing
• Balance sheet stable

Rectifier Technologies Hiring - Great news, especially as there have not been any significant releases lately...

Trading halt - Tritium related ??

Another Contract Extension with Tritium - Encouraging news, Tritium has now listed on the Nasdaq and are expected to announce a USA factory shortly...

I still only see upside in the company with minimal downside .....

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02478804-3A585892?access_token=83ff96335c2d45a094df02a206a39ff4

Preliminary full year results

 - Revenue down 20.73%

 - Profit before etax of $1.03m

 - Company expectation for revenues to increase in 2022

We have been waiting for approval of the Highbury DC charger and V2G charger (Due late 2021).

Do they see tailwinds from Tritium supply ?

As usual detail are tight unfortunately...

As the industry takes off the opportunity is huge, Can RFT lead V2G in Australia ?

Heads i win, Tails im flat ..........

V2G Podcast - "Trailblazers with Walter Isaacson - 16.The electric grid: keeping the lights on"

Really enlightening podcast on the changing electric grid, touch's on V2G opportunity.

RFT:ASX provides listed Australian opportunity to this market, Im very interested to understand when the RFT solution comes to market

VW to enables bi directional charging on all EV's on MEB platform starting next year 

 

https://chargedevs.com/newswire/vw-to-enable-bidirectional-charging-on-all-evs-on-its-meb-platform-starting-next-year/

https://prwire.com.au/pr/94388/built-to-last-rectifier-technologies-unveils-foundational-50kw-ev-charger-module

 - Positioning for DC Charging future

Strong Future - Bi Directional Charge - Close to market release

 A key requirement of electric vehicle - Supporting Equipment

https://simplywall.st/stocks/au/capital-goods/asx-rft/rectifier-technologies-shares/news/these-trends-paint-a-bright-future-for-rectifier-technologie

Trading volumes increasing, ASX release lowered guidance but confimed additional engineers being employed, factory capacity increased