The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Rectifier Technologies receives a US$22 million (A$32.6 million) product order for a customised version of its RT22 charger module
  • Portuguese tech business i-charging mobilidade elétrica SA placed the order for the RT22 power supply module, which is used in DC electric vehicle chargers
  • i-charging will use the modules for its ‘blueberry’ range of DC Fast Chargers
  • Rectifier says it expects to fulfil the orders before the end of 2023
  • RFT shares jumped 42.9 per cent to trade at 5 cents at 1:14 pm AEDT

Power conversion product developer Rectifier Technologies (RFT) has received a US$22 million (A$32.6 million) product purchase order for a customised version of its RT22 charger module.

Portugal-based tech business i-charging mobilidade elétrica SA placed the order for the RT22 power supply module, used in DC electric vehicle chargers, for its ‘blueberry’ range of DC Fast Chargers.

According to Rectifier, one RT22 can deliver 50 kilowatts of power and can be operated in parallel to size high-powered chargers of various output capacities.

According to Rectifier, i-charging is growing “rapidly” and becoming a global reference in the e-mobility sector.

Rectifier said the order was the beginning of a “long-term partnership” between the two companies and aligned with RFT’s strategy to grow its global market share.

Orders are expected to be fulfilled before the end of 2023.

RFT shares jumped 42.9 per cent to trade at 5 cents at 1:14 pm AEDT.

RFT by the numbers
More From The Market Online

Provaris Energy’s hydrogen tanker fabrication to recommence; shares up 6%

Provaris (ASX:PV1) has announced fabrication of its prototype hydrogen tanker is to recommence in 2025, pushing…
Image of a woman holding a bottle of hemp oil

Little Green Pharma jumps into distribution with acquisition

Little Green Pharma is aiming to make the strategic acquisition of HH (Australia) Pty Ltd to…
Market Update Graphic

ASX Market Update: Index sheds another 1% as Discretionary stocks lead broad selloff | December 20, 2024

The ASX200 has been down 1% at 8,084 points.
A rubbish truck dumping landfill

‘Meaningful step towards our target’: Cleanaway JV opens door to monetising landfill gas

Cleanaway Waste Management has entered a joint venture with LMS Energy Pty Ltd to enable landfill…