Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink”), a leading
owner, operator, and provider of electric vehicle (EV) charging
equipment and services, today announced an agreement with AES
El Salvador to deploy 50 IQ 200 fast Level 2 chargers in various
regions of El Salvador over the next few years. The agreement will
accelerate El Salvador’s transition towards cleaner and more
sustainable transportation.
The Blink chargers will be connected to the
advanced Blink Network platform, allowing drivers to locate
networked charging stations and utilize the Blink Charging Mobile
App. The Blink Network also offers a management portal for
administrators to access each charger’s usage information in real
time.
"We are excited to work with AES El Salvador in
this forward-thinking venture,” said Juan Carlos Barahona, Sr.
Director Global Operations at Blink Charging. “As the number of EVs
in Latin America is estimated to double each year over the next
eight years, more public and private charging stations will be
required to support this accelerated growth. Blink Charging
believes in the power of strategic alliances to encourage this
growth, and we are proud to establish this alliance with AES.”
AES, through its Solutions Division, will lead
the installation of modern, medium and fast charging stations in
strategic locations of its business partners, such as hotels,
restaurants, supermarkets, shopping centers, universities, parks
and private parking lots.
"Without a doubt, these efforts will be
strengthened by the extensive experience of Blink Charging through
the strategic alliance that we celebrate today. We will work
together to establish an entire network of charging stations in
different parts of the country so that users of this means of
transportation can trust that they will always have a safe and
nearby charging station," said Abraham Bichara, Executive President
of AES El Salvador.
Both companies highlighted that, to promote more
environmentally friendly driving and guarantee its sustainability
over time, alliances that allow such development and expansion are
needed.
With this alliance, AES El Salvador, working
with Blink Charging, solidifies its commitment to innovation
through electric mobility, thus providing the sustainable and
environmentally viable energy solutions that El Salvador needs to
accelerate the future of energy.
###
ABOUT BLINK CHARGING
Blink Charging Co. (Nasdaq: BLNK, BLNKW), a
leader in electric vehicle (EV) charging equipment, has deployed
over 51,000 charging ports across 25 countries, many of which are
networked EV charging stations, enabling EV drivers to easily
charge at any of Blink’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, 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://www.blinkcharging.com/.
About AES El SalvadorSince
2019, AES El Salvador, through its Solutions Division, has been
promoting electromobility in the country. To date, it has installed
12 charging stations, 4 of them in places of public access. It also
has an operational fleet of 15 electric vehicles and plans to
expand to 19 by the end of this year.
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, along with
terms such as “anticipate,” “expect,” “intend,” “may,” “will,”
“should,” and 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 risks related to the acquisition
of SemaConnect, as well as Blink Charging’s ability to integrate
the acquired business within expected timeframes and to achieve the
revenue, cost savings and earnings levels from such acquisition at
or above the levels projected, and those other risks 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 ContactPR@BlinkCharging.com
Blink Investor Relations
ContactIR@BlinkCharging.com855-313-8187
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