Blink European Subsidiary Blue Corner Awarded Grant for Energy Management Development
11 Abril 2022 - 10:15AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink'' or the
“Company”), a leading owner, operator, and provider of electric
vehicle (EV) charging equipment and services, today announced that
its European subsidiary, Blue Corner, has been awarded a €450,000
grant to develop its energy management services from Flanders
Innovation and Entrepreneurship (VLAIO), the government agency that
finances strategic and industrial research.
As cities worldwide implement ambitious climate
and emissions-reduction plans, the influx of electric vehicles and
other e-mobility solutions on the road will put added stress on
existing infrastructure and energy grid capacity. Energy management
technologies and services that allow for the integration of
renewable energy and smart charging technology can help cities
achieve their zero-emission goals in the transportation and
mobility sector. This award is part of the VLAIO’s efforts to
encourage and support innovation by funding research and
development projects that collaborate between industry and public
research institutions. The VLAIO funding builds on Blue Corner’s
expertise in EV charging and marks a significant step in the
company’s efforts to develop advanced technology and ultimately
offer more comprehensive energy management solutions.
“We are honored to be chosen for this grant
which further accelerates our research and development in energy
management solutions,” said Miko de Haan, Blink Europe Managing
Director. “As we continue to build out our network of best-in-class
EV charging stations, we are expanding our initiatives of companion
technologies that allow us to offer comprehensive EV charging and
energy management solutions to our customers. Grants like this
enable us to continue to drive innovation. We look forward to
working with the Flanders Innovation and Entrepreneurship to help
further its strategic and industrial research goals.”
The grant is a part of the Hub for Urban
Mobility and Renewable Energy (HUME) project launched by Blue
Corner in collaboration with key knowledge partners in the region.
The HUME project is in collaboration with the University of
Louvain, Flemish knowledge institution VITO, Alfa Technical
Installations, electric bus company Multiobus, NEXTENSA, urban
parking operator Move, KU Leuven, and EnergyVille, to create
innovative hubs for urban mobility and renewable energy.
Blue Corner plays a leading role in this project
and has developed cutting-edge technologies that integrate EV
charging solutions and energy services.
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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 30,000 charging ports across 18 countries, many of which are
networked EV charging stations, enabling EV drivers to easily
charge at any of the Company’s charging locations worldwide.
Blink’s principal line of products and services include the Blink
EV charging network (“Blink Network”), EV charging equipment, EV
charging services, and the products and services of recent
acquisitions, including Blue Corner and BlueLA. 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/.
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.
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