Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a
leading global manufacturer, owner, operator, and provider of
electric vehicle (EV) charging equipment and services, reflects
upon a record-breaking year that saw record growth, new
opportunities, and remarkable achievements for the Company.
Blink began 2023 on a high note by unveiling an
exclusive agreement with Mitsubishi to implement EV charging
infrastructure across Mitsubishi’s nationwide dealer network. As a
result, Blink chargers, the Blink Network, and Blink’s turnkey
services were made available to all 323 Mitsubishi dealerships
nationwide. This impactful agreement represented just one of the
Company’s many collaborations throughout 2023, augmented by a
successful $100 million capital raise in January that kicked off
Blink’s impressive year.
As February rolled around and American
football’s finest made their way to Phoenix for the big game, Blink
teamed up with Hertz to provide complimentary EV charging to Hertz
customers visiting the Phoenix area for the event.
March saw one of Blink’s most impactful
announcements to date. The Company proudly announced its contract
with the United States Postal Service to provide up to 41,500 EV
charging stations and network services for USPS’s electric future.
Along with its other accomplishments, this significant achievement
allows the Company to continue contributing to the construction of
the necessary EV infrastructure crucial for advancing
transportation electrification nationwide.
With a holistic perspective on electrification’s
requirements and potential, Blink’s decision in April to acquire
the EV car-sharing company, Envoy Technologies, Inc, through its
wholly owned subsidiary, Blink Mobility, was driven by the vision
for the future of e-mobility.
In May, Blink announced the Company’s leadership
would be entrusted to EV industry veteran and then Blink President,
Brendan Jones. Mr. Jones, the newly appointed President and CEO,
soon oversaw a significant announcement at the end of June
showcasing Blink’s position as an EV infrastructure industry leader
in incorporating NACS (North American Charging Standard) into the
Company’s entire product line. This made Blink one of the first to
adapt to and embrace the industry shift.
Continuing the Company’s mission to support EV
drivers at home and on the road, Blink signed an agreement with AAA
in July to offer electric vehicle products to affiliated roadside
service providers nationwide. The deal includes Blink’s Mobile
Charger, of which AAA was an early adopter.
Blink has proven its readiness to support major
global companies’ charge into the EV future – as the Company did in
August, when it signed an agreement with global quick service
franchisee, Arcos Dorados, to provide EV charging to five
McDonald’s locations throughout Puerto Rico. The Company’s global
vision for an electrified future continued to make headlines in
2023 including when, in October, Blink announced that Blue Corner,
acquired in 2021, would now operate as Blink Charging, positioning
the Blink brand for further expansion in Europe.
Finally, one of the standout highlights of this
past year was the Company’s announcement of its record-breaking
revenue in third quarter (Q3) – surpassing its previous
record-breaking second quarter (Q2). These achievements are
indicative of Blink’s drive toward operational and financial
performance excellence.
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About Blink Charging
Blink Charging Co. (Nasdaq: BLNK), a global
leader in electric vehicle (EV) charging equipment, has contracted,
sold, or deployed nearly 85,000 charging ports worldwide, many of
which are networked EV charging stations, enabling EV drivers to
charge at any of Blink’s charging locations easily. 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://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 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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