Blink Charging Co. (Nasdaq: BLNK) (“Company”), a leading global
manufacturer, owner, operator and provider of electric vehicle
(EV) charging equipment and services, today announced that its
wholly-owned subsidiary, Blue Corner, is now Blink Charging,
bringing the Company’s global experience and EV charging expertise
to Belgium.
Blue Corner, first established in 2011 as a
Belgian pioneering start-up in the freshly minted EV industry, grew
into the leading platform for EV charging devices in Belgium. In
2021, the company was acquired by Blink Charging as part of Blink’s
broader strategic international expansion plans that allowed the
Company a significant infrastructure footprint in the region. The
acquisition builds on the multi-lingual expertise of the Blue
Corner team and the unique know-how of its European R&D team.
Belgium is officially tri-lingual (Dutch, French and German) with
English as a fourth adopted language of business.
“As the EV market continues to grow throughout
Europe, the acquisition and rebranding of Blue Corner was a
strategic move to build a stronger and more rapid presence in the
region, tapping into the strong global experience and assets while
also making EV charging more accessible,” said Brendan
Jones, President and CEO for Blink Charging. “Blink
Charging is focused on developing the market and providing the
needed infrastructure to meet the demands of businesses and drivers
with advanced state-of-the-art EV charging solutions.”
Now operating as Blink Charging, customers and
clients will benefit from the vast experience of Blink Charging
along with its sizable team to support the scale of the business.
Blink has well established and proven systems along with an
advanced network capability, refined over a long period with a
substantial volume of transactions, delivering the certainty and
reliability that customers and clients need.
Miko de Haan, President Blink Europe and
Emerging Markets commented, “the decision to replace the
Blue Corner brand and its branded products as Blink Charging,
reflects a core value—global collaboration—that the Company has
been emphasizing for the past 10 years. The move firmly attaches
our global portfolio of EV chargers, payment platform, and unique
services to Blink Charging, as a leading powerhouse in the EV
charging industry.”
This system's capability extends beyond the
network into financial and other operational areas. As an original
equipment manufacturer, Blink Charging can offer R&D-refined,
specialist equipment that perfectly meets the requirements
different charging situations demand. This helps overcome
shortfalls of being entirely dependent on third party equipment
supply and allows for wider margins and pricing flexibility while
creating opportunities for further R&D in response to market
demands
“We are proud and excited to be part of the
Blink Charging family and look forward to the benefits of being
part of an established, proven system and network that have been
refined over its many years leading the industry,” said
Olivier Van Schap, Managing Director for
Blink Charging Belgium. “As we migrate our customers to a
new integrated global catalogue of EV products and services, we are
confident they will benefit from being part of a global industry
leader with a strong local footprint. Serving our customers with
smart and sustainable EV products and services is our daily focus
wherever they are.”
Mr. Van Schap will continue to lead the
management team in Belgium as they continue under the Blink
Charging corporate brand.
###
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK), a global
leader in electric vehicle (EV) charging equipment, has contracted,
sold, or deployed nearly 78,000 charging ports worldwide, many of
which are networked EV charging stations, enabling EV drivers to
easily charge at any of Blink’s charging locations. Blink’s
principal line of products and services includes the Blink EV
charging network (“Blink Network”), EV charging equipment, EV
charging services, and the products and services of recent
acquisitions, including SemaConnect, Blue Corner, BlueLA and Envoy.
The Blink Network uses 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 half of passenger cars sold in the US
by 2030, Blink has established key strategic partnerships for
rolling out adoption across numerous location types, including
parking facilities, multifamily residences and condos, workplace
locations, health care/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://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 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 Jon Myers
PR@BlinkCharging.com 305-521-0200 ext. 266
Blink Investor Relations
Contact Vitalie Stelea IR@BlinkCharging.com 305-521-0200
ext. 446
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