Blink Charging Provides an Initial 50 EV Charging Stations for the Expansion of Evergo Network in Panama
February 04 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, today announced that
it has received an initial order for 50 charging stations from
InterEnergy Group as it expands the Evergo network into Panama.
The 35 Blink IQ 200 Level 2 AC EV charging
stations will serve all regional electric standards and are
expected to be deployed in Panama along with 15 Blink distributed
DC Fast chargers. The project is expected to see nearly 200 new EV
charging stations in Panama operating on InterEnergy’s Evergo
network by the end of the year.
"InterEnergy is pioneering EV charging in the
Dominican Republic through its Evergo network, and Blink Charging
looks forward to supporting InterEnergy’s growing hardware needs as
it continues its expansion into other countries in the region,"
commented Michael D. Farkas, Founder and Chief Executive Officer of
Blink Charging. “We have made a consious effort to ensure our
hardware is suited and capable of meeting the demands of the Latin
American electrical grid, and look forward to continuing our work
side-by-side with InterEnergy as it seeks to expand the Evergo
network footprint across the region.”
InterEnergy’s Evergo network has grown rapidly
in the Dominican Republic with the deployment of over 200 EV
charging stations. InterEnergy’s goal is to install 300 more
throughout the year for a total number of 500 EV charging
stations.
Blink's IQ 200 units are the fastest level 2 AC
charging stations available on the market, have a maximum output of
80 amps, and deliver up to 65 miles of charge in an hour. The Blink
IQ 200 chargers have been well received by leading EV industry
experts, making them the preferred level 2 option for destination
charging.
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About Blink Charging
Blink Charging Co. (NASDAQ: BLNK, BLNKW) is a
leader in electric vehicle (EV) charging equipment that has
deployed over 23,000 charging stations, many of which are networked
EV charging stations, enabling EV drivers to easily charge at any
of its charging locations worldwide. The Company’s principal line
of products and services is its Blink EV charging network (“Blink
Network”), EV charging equipment, and EV charging services. The
Blink Network utilizes a 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 to rollout adoption across numerous location
types, including parking facilities, multi-family residences and
condos, workplace locations, healthcare/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 InterEnergy Group
For three decades, InterEnergy has powered
people and cities across the Caribbean and Latin America –
providing reliable, cost-effective and clean energy to the
Dominican Republic, Panama, Jamaica, and Chile.
Its generation portfolio aggregates
approximately 1,250MW of installed capacity across the region. It
is also the exclusive supplier of electricity to the fast-growing
tourism resort area of Punta Cana-Bavaro, representing more than
66% tourism sector in the country.
As a pioneer in renewable energy, InterEnergy
developed the first wind farms in the Dominican Republic, the
largest wind farm in Central America, and several solar power
projects throughout the region. By supplying over 320 MW of
renewable energy generation throughout the region, InterEnergy
eliminates hundreds of thousands of tons of CO2 emissions per year.
For more information about InterEnergy, please visit
www.interenergy.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, including those relating to future
orders for Blink’s EV charging stations, 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.com
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