Blink Sells or Deploys 539 EV Charging Stations Across 24 States and 4 Countries During Summer Covid-19 Lockdown
September 22 2020 - 7:45AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or
the “Company”), a leading owner and operator of electric
vehicle (EV) charging equipment and services, today announced that
it has sold or deployed 539 EV charging stations in the United
States and internationally during the summer Covid-19 lockdowns of
June, July, and August 2020. These numbers represent a nearly 100%
increase over the same three-month period in 2019, further
expanding Blink's presence across key markets experiencing
significant growth in EV adoption.
In the United States 300 charging stations were
sold or deployed commercially including 178 new level 2 IQ 200
units along with 2 DC fast charging units. 120 of the EV charging
stations were “swaps” from first generation equipment to the new
Blink IQ 200 reflecting the company’s initiative to upgrade first
generation chargers. 209 of the charging stations deployed are
Blink owned and operated while 91 were sold directly to the host
location.
The newly sold or deployed Blink charging
stations can be found on the campuses of universities, healthcare
providers and corporate workplaces, retail parking facilities and
multifamily properties. Multifamily residential represented nearly
40% of all new locations, followed by education, automotive, and
healthcare locations.
These additions to the Company’s footprint
spanned 24 states, with California representing 37% of the
installations, adding to the Company's 1,250 units already in the
state. Blink's expanding infrastructure in California is a result
of the Company's efforts to strengthen its sales force and
resources to service the state’s combined hybrid/electric vehicle
market, which represented 13.2% of vehicles in the EV market in
2019.*
Leading multiple-unit deployments over the
summer include the University of Illinois and Blessing Healthcare
facilities in Illinois, as well as multiple Burger King and Apple
Parking deployments across New York. Longstanding Blink clients
AAA, Ikea, Whole Foods, and Forest City Real Estate also increased
their EV charging footprint.
During the same period, the Company also sold
134 residential HQ 100 chargers through digital sales channels,
representing a 73% increase over the same three-month period last
year.
Internationally, the Company deployed 105
charging stations. In the Dominican Republic Blink expanded its
presence through a strategic partnership with InterEnergy,
accounting for 52 new commercial EV Charging stations including 12
DC Fast chargers and 40 level 2 Blink IQ 200 units. In partnership
with Eunice Energy Group, Blink Charging Hellas deployed 50 of the
IQ 250-EU units in Greece. Three additional EV charging stations
were added to the Company’s expanding footprint in Israel.
The large number of Blink level 2 charging
station sales and deployments demonstrates the accelerated adoption
of electric vehicle use and the Company’s response to growing
consumer demand by providing a reliable and conveniently located EV
charging infrastructure to support EV drivers.
###
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a
leader in electric vehicle (EV) charging equipment and has deployed
over 23,000 charging stations, many of which are networked EV
charging stations, enabling EV drivers to easily charge at any of
the Company’s 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 rollout adoption across numerous location
types, including parking facilities, multi-family 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 Statements
This 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 the
potential benefits that we may obtain by being a member of the
OpenADR organization and 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.com 855-313-8187
Source(s)
*Electric Vehicles Registrations by State, US Dept. of
Energy, Alternative Fuels Data Center.National
Renewable Energy Laboratory (NREL). Data derived from IHS Markit
light-duty vehicle registrations in 2018.California had
approximately 256,800 electric vehicle registrations as of Dec. 31,
2018.https://afdc.energy.gov/data/10962
*California Auto Outlook. Published by California New
Car Dealers Association. Release February 2020 State New
Vehicle Market Predicted to Remain Strong in 2020
https://www.cncda.org/wp-content/uploads/Cal-Covering-4Q-19.pdf
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