Blink Charging Selected as an Official Electric Vehicle Charger and Network Services Provider for State of New York
May 14 2024 - 4:15PM
Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a
leading global manufacturer, owner, operator and provider of
electric vehicle (EV) charging equipment and services, has
announced it has secured a contract as one of the official EV
charging providers for the state of New York. The agreement sets
the stage for Blink Charging and New York to electrify state and
municipal fleets and public charging solutions for employees,
residents, and visitors.
As part of the contract, Blink is now one of the
contractors available on the OGS award that can offer the state its
advanced electric vehicle charging stations which include Level 2
and DC fast chargers. Additionally, Blink will provide related
services such as site assessment and preparation, installation,
maintenance, repair, parts and supplies, warranties, and product
training.
Furthermore, the contract designates Blink as
one of the providers of EV charging network services related to the
management of EVs, including monitoring, reporting, billing, and
support. This also encompasses the integration of third-party fleet
and building management systems for energy management, as well as
other EV-related software and technology.
“The state of New York and Blink are focused on
leading the electrification of transportation together,” stated Jim
Nemec, Chief Revenue Officer at Blink Charging. “As we set our
sights on providing holistic, targeted charging options for EV
drivers throughout New York state and the world, we’ll continue to
lay the groundwork for an electric revolution. It’s rewarding to
have a direct role in reducing emissions while enhancing the EV
driver experience in New York. We are grateful for the state’s
trust and our shared vision.”
The full agreement (Award # 23251) can be viewed
here: online.ogs.ny.gov/purchase/spg/awards/4040423251CAN.HTM
The agreement comes after Blink’s strongest
financial quarters in Company history, along with the recent grand
opening of the Company’s new state-of-the-art manufacturing
facility and global headquarters in Bowie, Maryland.
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About Blink Charging
Blink Charging Co. (Nasdaq: BLNK) is a global
leader in electric vehicle (EV) charging equipment and services,
enabling drivers, hosts, and fleets to easily transition to
electric transportation through innovative charging solutions.
Blink’s principal line of products and services include Blink’s EV
charging network (“Blink Network”), EV charging equipment, and EV
charging services. The Blink Network utilizes proprietary,
cloud-based software that operates, maintains, and tracks the EV
charging stations connected to the network and the associated
charging data. Blink 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://blinkcharging.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 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 achieving its 2024
revenue and gross margin targets and its projected 2024 adjusted
EBITDA run rate, and the risk factors described in Blink’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 Nipunika
Coe PR@BlinkCharging.com 305-521-0200 ext. 266
Blink Investor Relations
Contact Vitalie Stelea IR@BlinkCharging.com 305-521-0200
ext. 446
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