REG - Pod Point Group Hdgs - New Contract Win

Pod Point groupAnnouncement

10/08/2023 09:00

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RNS Number : 9341I  Pod Point Group Holdings PLC  10 August 2023

10 August 2023

 

Pod Point Group Holdings plc ("Pod Point" or the "Group")

Partnership with Redrow plc

Pod Point, one of the UK's market-leading providers of Electric Vehicle ("EV")
charging solutions, today announces a multi-year preferred partnership
agreement with Redrow, a leading residential developer in England and Wales.

Following a competitive tender process, Pod Point will become a preferred
provider of EV charging infrastructure across all of Redrow's operating
divisions in England and Wales, which collectively build over 5700 new homes
each year. The contract also extends to a number of Redrow's offices and sales
centres that require the retrofitting of chargepoints, supporting the
developer's Climate Change Strategy.

The deal builds upon the companies' close collaboration since 2018, during
which time Pod Point has supplied 2,000 chargepoints to Redrow, driven by
continued developments in local and national climate legislation. These
regulations include the notable ruling from June 2022 that all new residential
developments in England must have at least one 7kW charge point for each
residence with a parking space.

The partnership follows the recently announced deal with Barratt Developments
plc, another leading housebuilder, under which Pod Point has become a key
supplier of EV chargepoints to the developer. These deals support Pod Point's
leading market position, the quality of chargepoint products and demonstrate
the opportunity presented by these partnerships.  The Group now has
commercial relationships with a growing number of the largest housebuilders in
the UK.

 

Enquiries:

 Pod Point Plc
 Andy Palmer, interim Chief Executive Officer
 David Wolffe, Chief Financial Officer
 Phil Clark, Investor Relations                   phil.clark@pod-point.com

 Numis (Joint Corporate Broker)
 Jonathan Wilcox / Andrew Coates                  +44 (0)20 7260 1000

 BofA Securities (Joint Corporate Broker)
 Marcus Jackson / Mitchell Evans                  +44 (0)20 7628 1000

 Media
 Mark Burgess / Matt Low / Arthur Rogers (Teneo)  +44 (0)20 7353 4200
                                                  PodPoint@teneo.com

 

 

 

About Pod Point Group Holdings plc

Pod Point has over 212k smart communicating charge points on its network and
is an official charge point supplier for major car brands.

Pod Point installs a broad range of products from smart domestic charge points
to high power rapid chargers and load balancing systems. Pod Point works with
a broad range of organisations and customers to offer home and commercial
charging solutions with customers including major retailers, hotels,
restaurants and leisure venues.

Pod Point is admitted to trading on the London Stock Exchange under the
ticker symbol "PODP."

For more information, visit https://pod-point.com/ (https://pod-point.com/)

 

 

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