Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner and operator of electric vehicle (EV)
charging equipment and services, announced the deployment of 44
Level 2 EV charging stations, 32 of which are already installed and
fully operational, at The Elysian residential building in the
historic Victor Heights neighborhood near downtown Los Angeles,
California. Blink will provide its EV charging stations to The
Elysian’s employees, residents, and visitors to support the city’s
rapidly increasing number of electric vehicles.
“With this agreement, we continue to
aggressively expand our network of stations throughout the state of
California” remarked Blink COO, Brendan Jones. “We are honored to
be a part of The Elysian’s sustainability initiatives that are
leading the way in adopting green living and promoting EV use by
providing onsite charging options. With this addition of more
charging stations, The Elysian is making EV use more accessible,
which bolsters the reduction of carbon dioxide emissions caused by
traditional gasoline-powered vehicles.”
“The lack of chargers in apartment buildings is
one of the biggest obstacles to widespread electric car adoption.
We have proven that our paradigm makes sense in the marketplace and
we are confident that other developers will follow suit as we
achieve price parity in the US. We want free EV charging to be seen
as a standard amenity,” conveys Alexandra Leekley, VP of Operations
for Linear City Development. The Elysian provides complimentary EV
charging to its residents and guests.
“Our hope is that every Elysian resident will
opt for an electric or hybrid vehicle, and with a total of 53
charging stations, including 3 fast chargers, we will have the
capacity to charge our entire community should they all decide to
drive electric tomorrow,” continued Leekley.
Operating on the Blink Network, Blink’s charging
stations are compatible with any fully-electric or plug-in hybrid
vehicle. The charging units installed at The Elysian join the
rapidly growing network of Blink EV charging stations. They are
operable using Blink’s mobile app, the Blink Charging website
(www.blinkcharging.com), and Google or Apple Maps.
The Elysian was built in 2014 on the frame of
the historic Metropolitan Water District of Southern California
building originally designed by renowned architect William Pereira.
Boasting an aggressive sustainability plan, The Elysian is proud to
be one of the first residential buildings offering free EV charging
for its residents. Along with their robust EV charging set up, The
Elysian’s other sustainable features include a solar thermal water
heating system, floor-to-ceiling windows with double pane low E
glass, and LED lighting throughout the building, making it one of
the eco-friendliest buildings in southern California.
According to The Drive, 51% of EV drivers prefer
to charge their vehicles at home compared to only 16% who prefer to
charge at work. Multi-family residential complexes are providing EV
charging stations as a premium amenity to attract and retain
residents who are environmentally conscious.
# # #
Source(s)
Americans Cite Range Anxiety, Cost Largest
Barriers for New EV Purchases: Study, February 26, 2020.
https://www.thedrive.com/news/26637/americans-cite-range-anxiety-cost-as-largest-barriers-for-new-ev-purchases-study
About Blink Charging
Blink Charging (Nasdaq: BLNK, BLNKW) is a leader
in electric vehicle (EV) charging equipment and networked EV
charging stations, enabling EV drivers to easily charge at any of
its 23,000 deployed 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/.
About The Elysian
The Elysian is an aesthetic marvel. Set amidst a
neighborhood of low-rise buildings, The Elysian affords its
residents breathtaking views in all directions. The original
building design is characterized by clean lines and wrap around
balconies. The four distinctive pillars on the west and east
elevation of the building are characteristic of Pereira’s best
work. The twelve-foot floor height is in perfect proportion to the
overall massing of the structure. The near-seamless glass
floor-to-ceiling class façade provides natural light deep into the
floor plate.
Beyond powerful aesthetics, The Elysian is also
a masterpiece of engineering. The MWD headquarters were designated
an ’’essential building’’ under City Planning guidelines. The steel
and concrete design was engineered to exceed even the most
stringent requirements of the City Building Code. The MWD moved to
new headquarters in 1993 and the tower stood vacant for nearly
twenty years until it was purchased by Linear City Development in
2011. Having successfully transformed such award-winning projects
as The Toy Factory and Biscuit Company Lofts, Linear City brought
both financial strength and real-world experience to the challenge
of repurposing Pereira’s landmark building.
The Elysian is a remarkable achievement. Linear
City is proud to have engineered the rebirth of one of the most
significant mid-century buildings in Southern California, an iconic
structure that will quickly become home to a diverse and
sophisticated community of very fortunate residents.
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
PR@BlinkCharging.com Blink Investor Relations
Contact IR@BlinkCharging.com
855-313-8187
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