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
The Market Online Video

ASX Market Close: Index claws back intraweek losses | 26 July, 2024

The ASX200 closed up 0.76% today. Losses from earlier in the week were clawed back with…
A visual representation of e-commerce.

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Several ASX-listed businesses have been gaining ground in the retail sector based on their focus on…
The Market Online Video

ASX Market Update: Mining and Energy stocks lead rising bourse | July 26, 2024

The ASX200 is trading up around 0.87% to just about 7930 points. Materials has been the…