Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner, operator, and provider of electric
vehicle (EV) charging equipment and services, today announced that
it had received a follow-on order from the InterEnergy Group for
150 fast-charging stations, including 100 Blink IQ 200 units and 50
DCFC units, to be deployed across the Dominican Republic.
Valued at approximately $1.0 million, this order
marks the fourth-order Blink has received from InterEnergy and the
third agreement between the two companies to deploy EV equipment in
the Dominican Republic. Blink also recently announced an initial
order from InterEnergy for the deployment of charging stations in
Panama as part of InterEnergy’s expansion plans for its EV charging
network, EverGo, in that country. To date, InterEnergy has
purchased a total of 575 Blink Level 2 and DCFC charging stations,
representing more than $4.3 million in purchase orders.
As pioneers in the build-out of EV charging
infrastructure for the Caribbean, Central, and South America,
InterEnergy aims to deploy more than 500 charging stations
throughout the Dominican Republic and Panama by the end of
2021.
“We’re proud to be the sole provider of EV
charging equipment in the Dominican Republic and play a vital role
in providing state-of-the-art charging alternatives to the island’s
residents. Our partnership with InterEnergy, is bringing fast and
convenient EV charging infrastructure to the region, supporting the
growing use of electric vehicles in the Dominican Republic,”
commented Blink Founder and CEO Michael D. Farkas.
InterEnergy provides energy solutions to more
than 66% of the national tourism sector in the Dominican Republic.
Installation locations for Blink’s charging stations will include
high-traffic locations such as hotels and resorts, shopping
centers, and gas stations.
“The people of the Dominican Republic are
embracing sustainable mobility, and we are excited to work with
Blink to facilitate increased access to a sophisticated,
largest-of-its-kind network of electric vehicle charging stations
to serve the country’s needs. We look forward to continuing to work
with Blink to expand services to more residents across Latin
America and the Caribbean,” commented Roberto Herrera, country
manager in the Dominican Republic of InterEnergy Group.
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, making them the preferred level 2 option for destination
charging.
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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 vehicles
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 InterEnergy Group
For three decades, InterEnergy has powered
people and cities across the Caribbean and Latin America –
providing reliable, cost-effective and clean energy to the
Dominican Republic, Panama, Jamaica, and Chile.
Its generation portfolio aggregates
approximately 1,250MW of installed capacity across the region. It
is also the exclusive supplier of electricity to the fast-growing
tourism resort area of Punta Cana-Bavaro, representing more than
66% tourism sector in the country.
As a pioneer in renewable energy, InterEnergy
developed the first wind farms in the Dominican Republic, the
largest wind farm in Central America, and several solar power
projects throughout the region. By supplying over 320 MW of
renewable energy generation throughout the region, InterEnergy
eliminates hundreds of thousands of tons of CO2 emissions per
year.
For more information about Interenergy, please
visit www.interenergy.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 PR@BlinkCharging.com
Blink Investor Relations
Contact IR@BlinkCharging.com855-313-8187
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