Blink Charging Achieves Key Milestone of 1,000 Installations of the Fast 19.2 kW IQ 200 EV Charging Stations
May 28 2020 - 7:45AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner, operator, and provider of electric
vehicle (EV) charging equipment and services, announced the
deployment of its 1,000th second-generation level 2 charging
station, the IQ 200. This announcement comes following the
Company's first-quarter results, which highlighted rapid expansion
and exponential financial growth.
The new hardware is deployed across a variety of
industries across 30 states. The top venues for the fast Level 2
chargers include multifamily residences, healthcare and educational
facilities, dedicated parking facilities, and municipal locations.
The nation's regions with the largest electric vehicle populations
have seen the most Blink IQ 200 installations, including
California, Oregon, Florida, Texas, Arizona, and Washington.
Blink Founder and Chief Executive Officer
Michael D. Farkas commented, "We've been able to rapidly reach this
achievement and provide greater access to fast EV charging stations
because of the overall industry approval, acceptance, and demand of
our IQ 200 charging stations. We look forward to continuing to
build on the momentum as we execute our strategic initiatives to
increase EV adoption in the United States and worldwide."
The IQ 200 units are the fastest level 2 AC
charging stations available on the market. These chargers have been
designed for future EV driver needs with a maximum output of 80
amps, which can deliver up to 65 miles of charge in an hour. This
fast level 2 charging rate attracts EV drivers as EV battery
technology improves and EVs can receive a faster level 2 charge.
This industry-leading speed was designed to accommodate increases
in battery capacity making the IQ 200 charger suitable for advances
in EV technology.
The 1,000+ newly installed Blink IQ 200 stations
join the rapidly expanding network of Blink charging stations
across the U.S. EV drivers can find all Blink charging stations and
view the output of each on the Blink map or via the Blink Mobile
App. Both the second-generation and first-generation Blink
equipment can charge any battery-electric or plug-in hybrid
vehicle.
###
ABOUT BLINK CHARGINGBlink
Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle
(EV) charging equipment that has deployed over 23,000 charging
stations, many of which are networked EV charging stations,
enabling EV drivers to easily charge at any of its charging
locations worldwide. The Company’s principal line of products and
services is its Blink EV charging network (“Blink Network”), EV
charging equipment, and EV charging services. The Blink Network
utilizes a proprietary cloud-based software that operates,
maintains, and tracks the EV charging stations connected to the
network and the associated charging data. With global EV purchases
forecasted to rise to 10 million by 2025 from approximately 2
million in 2019, the Company has established key strategic
partnerships to roll out adoption across numerous location types,
including parking facilities, multifamily residences and condos,
workplace locations, healthcare/medical facilities, schools and
universities, airports, auto dealers, hotels, mixed-use municipal
locations, parks and recreation areas, religious institutions,
restaurants, retailers, stadiums, supermarkets, and transportation
hubs. For more information, please visit
https://www.blinkcharging.com/.
Forward-Looking StatementsThis
press release contains forward-looking statements as defined within
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements, and terms such as “anticipate,”
“expect,” “intend,” “may,” “will,” “should” or other comparable
terms, involve risks and uncertainties because they relate to
events and depend on circumstances that will occur in the future.
Those statements include statements regarding the intent, belief or
current expectations of Blink Charging and members of its
management, as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, including those described in
Blink Charging’s periodic reports filed with the SEC, and that
actual results may differ materially from those contemplated by
such forward-looking statements. Except as required by federal
securities law, Blink Charging undertakes no obligation to update
or revise forward-looking statements to reflect changed
conditions.
Blink Media
Contact PR@BlinkCharging.com
Blink Investor Relations
Contact IR@BlinkCharging.com855-313-8187
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From Apr 2024 to May 2024
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From May 2023 to May 2024