EO Charging Sets Sights on UK Home Builders Through Partnership with Jointing Technologies
Specialist distributor to supply EO charge points to residential construction industry to help address new charging infrastructure rules
LONDON, UK – 26 January, 2022 – EO Charging (“EO”), the UK’s leading provider of charging solutions for electric vehicle (“EV”) fleets, has today announced that it is setting its sights on UK home builders through a new partnership with Jointing Technologies, the leading specialist power cable and accessories distributor operating in the electricity sector and its associated markets.
Starting this week, EO will distribute its Mini Pro 2 charge points through Jointing Technologies, which has a UK-wide customer base that includes DNOs and IDNOs as well as builders and developers in residential construction.
This strategic alliance is in direct response to the UK government’s overhaul of building regulations in November last year. The new rules state that from 1 January 2022, EV charge points must be installed in any new home with associated parking, or any residential building with more than 10 parking spaces. The responsibility of installing this infrastructure will fall to the home builders.
“We understand that home builders and developers have a massive task ahead of them to meet the new regulations,” said Charlie Jardine, CEO of EO. “This new partnership is one of many channels we’re exploring to support this industry with our smart charging infrastructure. Jointing Technologies has a strong reputation for its customer service and innovation, and we’re delighted to be working with them as a distributor to help move homes in the UK towards a greener future.”
This is a growing area of focus for Jointing Technologies following its recent acquisition by Wolseley UK, the UK's largest merchant supplier of products and services to UK building and trade professionals.
“The combination of smart functionality, aesthetics, and compact physical size provided by EO Charging uniquely meets the needs of the electric vehicle industry,” said Rob Boland, Managing Director of Jointing Technologies. “Our commitment to the sustainable development of the UK market means that we are very excited to be involved in the delivery of such an important service to our customers.”
The EO Mini Pro 2 is one of the world’s smallest smart EV chargers, available in four different colours. It has a dedicated app that allows drivers to schedule and monitor charging sessions directly from their smartphones.
Founded in 2014, EO has experience delivering EV fleet charging solutions at scale for car, van, truck and bus fleets like Amazon, DHL, Uber and Tesco. In 2021, EO was ranked number 27 on the FT’s list of Europe’s fastest growing companies, the highest-ranked business in the EV sector.
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Note to Editors
About EO
EO Charging (EO) is a leading technology solutions provider in the EV sector. EO deploys EV charging stations, hardware-agnostic cloud-based software, electrical installation, grid upgrades and ongoing service and maintenance for fleets. EO also provides this end-to-end solution for fleets that require mission critical infrastructure.
Founded in 2014, EO’s technology is used by a number of the world’s largest businesses and fleet operators and it now distributes to over 35 countries around the world. It aims to become the global leader in charging electric van, truck, bus and car fleets.
EO Charging previously announced an agreement for a business combination with First Reserve Sustainable Growth Corp. (NASDAQ: FRSG), which is expected to result in EO Charging becoming a public company listed on the NASDAQ exchange.
EO was ranked number 27 on the Financial Times’ FT1000 list of Europe’s fastest-growing companies. To learn more, please visit www.EOcharging.com and follow us @EOCharging on Twitter and LinkedIn.
EO Contacts:
SEC Newgate UK
Ian Morris / Sophie Morello / Jessica Hodson Walker / Tim Le Couilliard
For Investors:
ICR, Inc.
For US Media:
ICR, Inc.
About Jointing Technologies
Jointing Tech is the leading specialist power cable and accessories distributor operating in the electricity sector and associated markets at voltages up to and including 132kV.
Founded in 1988, Jointing Tech’s product range was initially developed around the power cable accessories market to cleat, join and terminate LV and MV cables. This product range remains integral to the business today, however its portfolio has grown to reflect the broader range of materials used by the core customer base across all industry sectors.
Jointing Tech is uniquely positioned to supply products that are approved for use by the relevant distribution network operators (DNOs) across the UK’s electrical infrastructure.
More information about Jointing Tech is available online: www.jointingtech.co.uk
Jointing Tech Contacts:
Katherine Wheater -Ayre/Mark Jones
For Editors:
Forward Looking Statements
The information in this press release includes "forward-looking statements". All statements, other than statements of present or historical fact included in this press release, regarding the proposed business combination between First Reserve Sustainable Growth Corp. (“FRSG”), Juuce Limited (the “Company”) and EO Charging (“EO”), each of such parties’ ability to consummate the transaction, the benefits of the transaction and the combined company's future financial performance, as well as the combined company's strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, FRSG, the Company and EO disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. FRSG, the Company and EO caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of any of FRSG, the Company or EO. In addition, FRSG, the Company and EO caution you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the Business Combination Agreement and Plan of Reorganization, dated as of August 12, 2021, by and among FRSG, FRSG Merger Sub Inc., EO and the Company, and the other agreements related to the business combination (including catastrophic events, acts of terrorism, the outbreak of war, COVID-19 and other public health events), as well as management’s response to any of the foregoing; (ii) the outcome of any legal proceedings that may be instituted against FRSG, the Company, EO, their affiliates or their respective directors and officers following announcement of the transactions; (iii) the inability to complete the business combination due to the failure to obtain approval of the stockholders of FRSG, regulatory approvals, or other conditions to closing in the transaction agreement; (iv) the risk that the proposed business combination disrupts FRSG's or the Company's current plans and operations as a result of the announcement of the transactions; (v) the Company's and EO’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the pace and depth of EV adoption generally, and the ability of the Company to accurately estimate supply and demand for its EV charging products and services, and to grow and manage growth profitably following the business combination; (vi) risks relating to the uncertainty of the projected financial information with respect to the Company, including the conversion of pre-orders into binding orders? (vii) costs related to the business combination; (viii) changes in applicable laws or regulations, governmental incentives and fuel and energy prices; (ix) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (x) the amount of redemption requests by FRSG’s public stockholders; and (xi) such other factors affecting FRSG that are detailed from time to time in FRSG’s filings with the Securities and Exchange Commission (the "SEC"). Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in FRSG's final prospectus for its initial public offering, which was filed with the SEC on March 5, 2021, and its periodic filings with the SEC, including its Quarterly Report on Form 10-Q for quarterly period ended June 30, 2021. FRSG's SEC filings are available publicly on the SEC's website at www.sec.gov.
Important Information for Investors and Stockholders
In connection with the proposed business combination, a registration statement on Form F-4 that includes a preliminary proxy statement/prospectus has been filed by EO with the SEC. After the registration statement is declared effective, the definitive proxy statement will be distributed to FRSG’s stockholders in connection with FRSG’s solicitation for proxies for the vote by FRSG’s stockholders in connection with the proposed business combination and other matters as described in the Form F-4, as well as a definitive prospectus of EO relating to the offer of the securities to be issued in connection with the completion of the business combination. Copies of the Form F-4 may be obtained free of charge at the SEC's website at www.sec.gov. FRSG’s stockholders are urged to read the preliminary proxy statement/prospectus and the other relevant materials (including, when available, the definitive proxy statement/prospectus) when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of FRSG, EO or Juuce, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, as amended, or exemptions therefrom.
Participants in the Solicitation
FRSG, the Company and EO and their respective directors and officers may be deemed participants in the solicitation of proxies of FRSG's stockholders in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of FRSG's executive officers and directors in the solicitation by reading FRSG's final prospectus for its initial public offering, which was filed with the SEC on March 5, 2021, and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of FRSG's, the Company’s and EO’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available.
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