Beam Global Announces Record Fourth Quarter EV Arc™ Deliveries in 2020
January 26 2021 - 8:00AM
Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of
innovative sustainable technology for electric vehicle (EV)
charging, outdoor media and energy security, announced deliveries
of 33 EV ARC™ systems in the fourth quarter of 2020. The Company
delivered more EV ARC™ systems in the 4th quarter of 2020 than in
any previous 4th quarter and more than in any of the preceding
three quarters during the year. Deployments of the flagship EV ARC™
sustainable EV charging system were made to enterprise, municipal
government, Federal government and utility customers, for public,
workplace and fleet vehicle charging. The majority of the
deliveries were to enterprise and government customers in
California, including purchases made under our recently extended
California DGS contract number 1-18-61-16.
“2020 was a challenging year for everyone but we
were able to close it with our strongest 4th quarter yet,” said
Beam Global CEO Desmond Wheatley. “I am very encouraged by the way
I see 2021 developing with EV charging infrastructure government
spending commitments exceeding anything we have seen in the past. I
believe that local budget shortfalls which might have otherwise
negatively impacted our revenue opportunities will be more than
offset by Federal spending and an increased emphasis on rapidly
deployed EV charging infrastructure at State and enterprise levels.
We also expect to see a significant increase in consumer demand for
the new EVs such as pickup trucks and SUVs that will be released
this year. All those new EVs will need a place to charge and our
products charge them all.”
California Governor Gavin Newsom has pledged to
spend $1.5 billion in boosting the purchase of zero emission
vehicles and building new charging stations across California.
Newsom’s proposal also dedicates $300 million to the “greening” of
state infrastructure starting with a pledge of a $50
million one-time General Fund to support the installation of
zero-emission vehicle charging stations at state-owned facilities.
In September 2020, Governor Newsom pledged to fast-track
California’s environmental goals in response to the climate crisis.
He issued an executive order that would require all new cars and
passenger trucks sold in the state to be zero emission by 2035. The
contract Beam has with the State of California supports these
goals, along with the goals of other states.
President-elect Joe Biden has announced a plan
that represents the most ambitious clean energy vision by any U.S.
president in history with billions planned for EV charging
infrastructure and $4 trillion sought for green jobs and
infrastructure spending. On Monday, President Biden signed the “Buy
American” executive order which directs government agencies to
strengthen requirements about purchasing products from American
companies. Beam Global’s products are made in America.
About Beam Global Beam Global
is a CleanTech leader that produces innovative, sustainable
technology for electric vehicle (EV) charging, outdoor media, and
energy security, without the construction, disruption, risks and
costs of grid-tied solutions. Products include the patented EV ARC™
and Solar Tree® lines with BeamTrak™ patented solar tracking, and
ARC Technology™ energy storage, along with EV charging, outdoor
media and disaster preparedness packages.
The company develops, patents, designs,
engineers and manufactures unique and advanced renewably energized
products that save customers time and money, help the environment,
empower communities and keep people moving. Based in San Diego, the
company produces Made in America products. Beam Global is listed on
Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar,
EVSI, EVSIW). For more information visit https://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.
Media Contact: The Bulleit
Group BeamGlobal@BulleitGroup.com 415-742-1894
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