Blink Charging Signs Reseller Agreement With Ballantyne Strong For Deployment of Electric Vehicle Charging Stations At Cinema...
February 03 2021 - 9:15AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner, operator, and provider of electric
vehicle (EV) charging equipment and services, announced today that
it has entered into a reseller agreement with Ballantyne Strong
(NYSE: BTN). Under the agreement, Strong Entertainment, a division
within Ballantyne Strong, will offer Blink’s full line of charging
stations to its broad base of cinema operators, theme parks, and
other entertainment and leisure-related locations.
“During our many years operating in the EV
charging industry, we have learned that when EV drivers seek public
charging, they often look for accessible options at the
recreational spots they visit. Through its Strong Entertainment
subsidiary, Ballantyne Strong has deep and longstanding
relationships with most of the leading cinema and amusement
companies, providing a tremendous opportunity to work together to
provide EV charging as an amenity at entertainment venues across
the country. We believe that Ballantyne Strong’s vast geographic
reach and diverse customer base make them a valuable sales partner,
enabling the continued deployment of Blink chargers in high-density
locations,” commented Michael D. Farkas, Founder and Chief
Executive Officer of Blink.
Mark Roberson, Chief Executive Officer of
Ballantyne Strong, commented, “With long-standing partnerships with
the top cinema companies in the United States, our Strong
Entertainment group is ideally positioned to offer Blink chargers
and equipment to the thousands of cinemas, theme parks, and
entertainment venues that make up our customer base. In addition to
providing our customers the opportunity to offer a time-saving,
convenient amenity to their EV driving patrons, this partnership
also supports our company-wide commitment to creating a cleaner,
healthier environment by promoting EV use through the deployment of
accessible charging infrastructure.”
###
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a
leader in electric vehicle (EV) charging equipment and has deployed
over 23,000 charging stations, many of which are networked EV
charging stations, enabling EV drivers to easily charge at any of
the Company’s charging locations worldwide. Blink Charging’s
principal line of products and services include its Blink EV
charging network (“Blink Network”), EV charging equipment, and EV
charging services. 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 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/.
About Ballantyne Strong
Ballantyne Strong, Inc. (NYSE: BTN
(www.ballantynestrong.com) is a
diversified holding company with operations and investments across
a broad range of industries. The Company’s Strong Entertainment
segment includes the largest premium screen supplier in North
America and also provides technical support services and other
related products and services to the cinema exhibition industry,
theme parks and other entertainment-related markets. Ballantyne
Strong holds a $13 million preferred investment along with Google
Ventures in privately held Firefly Systems, Inc., which is rolling
out a digital mobile advertising network on rideshare and taxi
fleets. Finally, the Company holds a 30% ownership position in
GreenFirst Forest Products Inc. which has recently completed an
investment in a sawmill and related assets and a 21% ownership
position in FG Financial Group, Inc. which is implementing business
plans to operate as a diversified insurance, reinsurance and
investment management holding company.
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 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.
Blink Media
Contact PR@BlinkCharging.com
Blink Investor Relations
Contact IR@BlinkCharging.com855-313-8187
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From Sep 2023 to Sep 2024