The company, which produces, fast charging technology for electric vehicles, said its customers were now engaged in “an aggressive and historic build-cycle” and a new US factory to be built this year in either Texas or Tennessee, would increase production threefold.

It was also in talks for potentially “high impact” orders.

It reported sales of $US98 million for the December half year and ended 2021 with a record backlog of $US82 million, which was expected to account for almost half of its 2022 revenue guidance.

However, actual revenue for the December half year was $US78 million, which was below forecasts, and due partly to supply chain bottlenecks in the US, which it said now appeared to be easing.

“Underscoring the record demand for Tritium’s products, sales for 2021 were $US141 million, which represents more than a 136 per cent increase over 2020 sales of $US60 million,’’ Tritium announced.

“The company expects 2021 EBITDA and free cash flow to be approximately $US39 million and $US43 million, respectively.

“Tritium continues to be engaged in a number of additional and potentially high-impact orders under several of its recently announced commercial partnerships and tender wins and is expanding production capacity to fulfill growing demand in the United States and Europe.’’

Its expectation for 2022 was revenue of $US170 million.

It said it continued to be valued at a significant discount to the publicly traded, pure-play EV charging peers. It is expected to list on the Nasdaq with a value of about $US1.2 billion. 

A vote on its merger and Nasdaq listing is underway now and will end on January 11 with a shareholder meeting on January 12.