Blink Charging Signs Agreement with Cushman & Wakefield for Deployment of Electric Vehicle Charging Stations
August 04 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 today that
it has signed an agreement with leading global real estate services
firm Cushman & Wakefield (NYSE: CWK) for the marketing and
potential deployment of Blink charging stations, including its
Blink IQ 200 units, and related services to Cushman & Wakefield
clients throughout the United States.
Cushman & Wakefield has agreed to engage its
brokerage force and large network of property managers to offer
Blink equipment and services as an amenity at the commercial
properties they represent. Given the reach of Cushman &
Wakefield’s platform, this agreement represents a significant
opportunity for Blink to strengthen the sales channel for its
products and services and increase its deployment
opportunities.
“As EVs become more ubiquitous, and as more
people opt to drive rather than take public transportation in the
current environment, Blink EV charging stations are a logical,
complementary amenity to offer alongside our suite of services,”
stated J Glasgow, Executive Vice President of Enterprise Solutions
for Cushman & Wakefield Global Occupier Services. “This
agreement puts us and our clients at the forefront of the movement
toward more sustainable transportation, and we look forward to
working with Blink to effectively address the needs of the growing
population of EV drivers.”
Michael D. Farkas, Founder, Chairman and Chief
Executive Officer of Blink, commented, “Cushman & Wakefield is
a preeminent leader in property, facilities and project management,
and we’re excited about this opportunity to partner with them to
enhance the EV charging capabilities at the properties they
represent. As drivers increasingly embrace EV technology, the
demand for convenient charging alternatives is growing. We’re
pleased to work with Cushman & Wakefield to contribute a
greener future while enhancing tenant and visitor experience at
their clients’ properties.”
Blink’s IQ 200 units are the fastest level 2 AC
charging stations available on the market, have a maximum output of
80 amps, and deliver up to 65 miles of charge in an hour. The Blink
IQ 200 chargers have been well received by leading EV industry
experts, including in the recent independent review by Tom
Moloughney of InsideEvs.com.
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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. Blink Charging’s
principal line of products and services include its Blink EV
charging network (“Blink Network”), EV charging equipment and EV
charging services. 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 rise to 10 million by 2025
from approximately 2 million in 2019, the Company 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/.
About Cushman &
Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading
global real estate services firm that delivers exceptional value
for real estate occupiers and owners. Cushman & Wakefield is
among the largest real estate services firms with approximately
53,000 employees in 400 offices and 60 countries. In 2019, the firm
had revenue of $8.8 billion across core services of property,
facilities and project management, leasing, capital markets,
valuation and other services. To learn more, visit
www.cushmanwakefield.com or follow @CushWake on Twitter.
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, along with
terms such as “anticipate,” “expect,” “intend,” “may,” “will,”
“should,” and 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 statements regarding
possible future sales and deployment opportunities for Blink’s
products and services from the Cushman & Wakefield agreement
and other statements 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
Cushman & Wakefield Media
ContactMichael BoonshoftPR & Communications Lead+1 212
841 7505Michael.Boonshoft@cushwake.com
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