Beam Global Receives $5.3M Order from New York City*
16 November 2022 - 12:00AM
Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of
innovative sustainable products and technologies for electric
vehicle (EV) charging, energy storage, energy security and outdoor
media, announced that New York City has placed an order for an
additional 71 Beam EV ARC™ solar-powered EV charging systems. This
is the seventh order placed by the City and expands the City’s
fleet of sustainable EV ARC™ EV charging systems to 160. The new
units are flood-proof to 9.5 feet, wind-rated to 125 mph and
feature an emergency power panel to serve as emergency preparedness
equipment for fleet operators and first responders during grid
failures and extreme weather events. The systems were purchased
using the General Services Administration (GSA) Multiple Award
Schedule (MAS) Contract Number 47QSWA21D0006 which simplifies the
federal procurement process and ensures best pricing; advantages
which can be extended to many state and local government agencies
when used for disaster recovery or preparedness purposes.
"New York City is our largest municipal customer and they
continue to lead in sustainable and resilient EV charging
infrastructure for their growing fleet of zero-emissions vehicles.
Their EV ARC systems are rapidly deployed without digging up city
streets and parking areas, without expensive upgrades to city
electrical circuitry, and without concern for high utility costs,
saving on City budgets,” said Beam Global CEO Desmond Wheatley.
“Resiliency is very important to New York City and the EV ARC™
system’s ability to provide EV charging during grid outages and
emergency power when needed by first responders is another great
benefit for the city and their tax payers. Two birds with one
stone.”
Each of the City’s EV ARC™ system generates and stores its own
electricity, and is equipped with a Beam factory installed
dual-plug EV charger from ChargePoint Holdings, Inc.
(NYSE: CHPT), a leading EV charging network, to power City fleet
EVs. EV ARC™ systems are transportable, off-grid and require no
construction, permitting or electrical work, providing City fleet
vehicles with access to clean, resilient EV charging. With the
increase in climate change threats as well as threats to
traditional infrastructure from terrorism or nefarious state
actors, Beam Global products are well-suited for municipalities and
other entities that increasingly rely upon electric vehicles.
New York City hit a massive milestone as the city announced it
has already met its 2025 goal of 4,000 electric vehicles in its
fleet. As of September 2022, NYC had replaced around 4,050
gas-powered models with electric vehicles and has the largest
electric vehicle charging network in New York State. Greenhouse gas
emissions have dropped 19 percent from 2005 levels and the City has
its cleanest air in the last 50 years. Brought into law through the
Climate Leadership and Community Protection Act (Climate Act), the
State of New York is on a path to achieve its mandated goal of a
zero-emission electricity sector by 2040, including 70 percent
renewable energy generation by 2030, and to reach economy wide
carbon neutrality by 2050. The state remains focused on reducing
greenhouse gas emissions by 85 percent from 1990 levels by
2050.
For more information on how local and state government entities
can purchase Beam’s EV ARC™ ready-to-deploy sustainable EV charging
solutions from the federal GSA contract, please contact The Beam
Team at 858-799-4583 or BeamTeam@BeamForAll.com.
*This order was made public during Beam Global’s earnings
announcement on November 10, 2022
About Beam Global
Beam Global is a clean technology leader providing innovative,
sustainable products and technologies for electric vehicle (EV)
charging, energy storage, energy security and outdoor media. Core
platforms include Beam EV ARC™ and Solar Tree® sustainable EV
charging systems, Beam AllCell™ high-performance energy storage
solutions, energy resiliency and disaster preparedness products and
a deep patent library.
Beam EV ARC™ EV charging infrastructure systems support any
quality brand EV charging service equipment, and Beam AllCell™
battery solutions power micro-mobility, terrestrial EVs, aviation,
maritime and recreational vehicles as well as stationery and
energy-security platforms.
Beam develops, patents, designs, engineers and manufactures
unique and advanced clean mobility solutions that protect the
environment, save customers time and money, empower communities and
keep people moving. Based in San Diego and Chicago, the company
produces Made-in-America products with the mission to Lead the
World to Clean Mobility. Beam Global is listed on Nasdaq under the
symbols BEEM and BEEMW. For more information visit BeamForAll.com,
LinkedIn, YouTube and Twitter. Forward-Looking
Statements
This Beam Global Press Release may contain forward-looking
statements. All statements in this Press Release other than
statements of historical facts are forward-looking statements.
Forward-looking statements are generally accompanied by terms or
phrases such as “estimate,” “project,” “predict,” “believe,”
“expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,”
“will,” “should,” “may,” or other words and similar expressions
that convey the uncertainty of future events or results. These
statements relate to future events or future results of operations,
including, but not limited to the following statements: statements
regarding the proposed acquisition, its expected benefits, the
acquisition’s anticipated timing, and the anticipated future
financial performance as a result of the acquisition. These
statements are only predictions and involve known and unknown
risks, uncertainties and other factors, which may cause Beam
Global's actual results to be materially different from these
forward-looking statements. There can be no assurances that the
proposed acquisition of AllCell will be completed. Except
to the extent required by law, Beam Global expressly disclaims any
obligation to update any forward-looking statements.
Media Contact:
Next PR+1 813-526-1195Press@BeamForAll.comInvestor
Relations:Kathy McDermottIR@BeamForAll.com+1
858-799-4583
Videos accompanying this announcement are available
at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/2c56366d-0b0b-4701-8a26-d0839158e8a2
https://www.globenewswire.com/NewsRoom/AttachmentNg/6fd73018-58c8-49ef-9c95-474f0b0473fa
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1822e1d7-bf6e-4f5e-bceb-46a92aef65a8
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