San Antonio City Council Names Blink Charging as Provider of EV Charging Infrastructure for the City’s EVSA Program Followi...
10 February 2021 - 1:15AM
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 an
agreement with the City of San Antonio, TX. The award makes Blink
Charging the provider of EV charging equipment for the city’s EVSA
program aimed at increasing access to public EV charging
infrastructure. Initially, the award enlists the Company to deploy
up to 140 Blink owned level 2 charging ports and 3 DC fast-charging
stations throughout the city.
The Company won the bid after a competitive
process. The award was approved by the San Antonio City Council on
Thursday, February 4, after a thorough review of Blink, the Blink
equipment, services, and team. Blink also was able to offer the
city a cost neutral proposal for the EV charging program through
the Company’s unique ownership model. Blink and the City of San
Antonio will share the ongoing revenue from the charging
stations.
“We’re excited to serve as an EV charging
operator for the City of San Antonio. It is a testament that the
quality of the Blink products and services and the differentiation
of our business models which are our key competitive differences in
the EV charging industry,” commented Michael D. Farkas, Founder and
Chief Executive Officer of Blink.
“As a company, Blink is honored to help the city
achieve its climate, sustainability, transportation, and air
quality goals. Encouraging widespread adoption of EVs is core to
Blink’s mission, and this includes minimizing the barriers to EV
charging for all residents. Texas continues to be a growth market
for us and for EVs, and this project will help to increase public
awareness by increasing the number of charging options available in
the state. We are committed to bringing affordable, convenient, and
efficient charging stations to the growing number of EV drivers,
and the addition of the stations in San Antonio further enhances
our position as a leading provider in the ongoing development of EV
infrastructure,” commented Mr. Farkas.
The first phase of this agreement will see 50
dual-port Blink owned chargers deployed in strategic locations
around the city. Blink will analyze suggested publicly-accessible
sites by conducting thorough assessments across San Antonio in
order to identify ideal locations for its IQ 200 Level 2 EV
charging stations. This project supports the City’s EV San Antonio
program led by the Office of Sustainability. EVSA is a
multi-faceted program designed to support electric transportation
and EV drivers through education, encouragement, infrastructure,
and policy with a focus on equity.
Emissions from the transportation sector are the
second largest contributor to San Antonio’s greenhouse gas
emmisions, according to SA Climate Ready, Climate Action &
Adaptation Plan. Electric vehicles produce zero emissions and will
make San Antonio a cleaner and more liveable city for all its
residents.
To support its business model, Blink plans to
apply for grant funds from the state-wide Texas Volkswagen
Environmental Mitigation Program (TxVEMP through the Texas
Commission on Environmental Quality (TCEQ). This historic $10.4
million fund is specifically for establishing Level 2 charging
across Texas in order to improve air quality.
“The City of San Antonio is looking forward to
working with Blink on this project. Through our analyses, we know
that large sections of our city are without EV charging
infrastructure or have limited charging options. We hope that
additional charging infrastructure that is publicly-accessible will
relieve range anxiety and communicate that San Antonio is an
EV-friendly city,” stated San Antonio Deputy Chief Sustainability
Officer Julia Murphy.
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ABOUT BLINK CHARGINGBlink
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/.
Forward-Looking StatementsThis
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 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.com855-313-8187
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