Beam Global Receives $2.4 million Order from SparkCharge for its AllCell™ Battery Products
March 09 2022 - 8:00AM
Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of
innovative, sustainable products and technologies for electric
vehicle (EV) charging, energy storage, energy security and outdoor
media, today announced that it received a $2.4 million order from
mobile EV charging company SparkCharge for its Beam AllCell™
battery storage products. The order was placed through two purchase
orders from SparkCharge, one for approximately $1.9m and one for
approximately $500k. Beam closed the AllCell Technologies
acquisition just one week ago, March 4, 2022.
“The acquisition of AllCell was about improving our technology
and supply chain, cutting costs and diversifying revenue
opportunities,” said Beam Global CEO Desmond Wheatley. “I’m
delighted to announce a significant order from our new energy
storage business unit so soon after closing the acquisition. The
Beam Team is executing, and our new team members in Chicago are
already contributing meaningfully towards growing our business,
improving our products and engineering cost reductions.”
“We have made the world’s first and only mobile, intelligent EV
charging network. Partnering with Beam AllCell will help us create
the next generation of mobile charging,” said Josh Aviv, CEO and
Founder of SparkCharge and Currently. “We are looking forward to
powering the future of mobility and clean energy.”
Beam AllCell™ energy storage technology with its highly flexible
battery platform architecture is ideally suited for applications
where energy density, safety and specialized enclosures require
high power in small spaces. Drones, submersibles, recreational
products and a host of micro mobility and electric vehicle and EV
charging products are already benefiting from Beam’s highly
differentiated energy storage products.
Beam Global closed the all-stock transaction to acquire AllCell
Technologies, a leader in energy storage solutions and
technologies, last week, expanding revenue opportunities, customer
base and product offerings while reducing COGS and supply chain
risk for its flagship EV ARC™ line of sustainable EV charging
products. A recorded video interview with Beam CEO, Desmond
Wheatley, discussing the acquisition is live on the Beam blog.
About Beam Global Beam Global is a clean
technology leader providing innovative, sustainable products and
technologies for electric vehicle (EV) charging, energy storage,
energy security and outdoor media. Core platforms include Beam EV
ARC™ and Solar Tree® sustainable EV charging systems, Beam AllCell™
high-performance energy storage solutions, energy resiliency and
disaster preparedness products and a deep patent library.
Beam EV ARC™ EV charging infrastructure systems support any
quality brand EV charging service equipment, and Beam AllCell™
battery solutions power micro-mobility, terrestrial EVs, aviation,
maritime and recreational vehicles as well as stationery and
energy-security platforms.
Beam develops, patents, designs, engineers and manufactures
unique and advanced clean mobility solutions that protect the
environment, save customers time and money, empower communities and
keep people moving. Based in San Diego and Chicago, the company
produces Made-in-America products with the mission to Lead the
World to Clean Mobility. Beam Global is listed on Nasdaq under the
symbols BEEM and BEEMW. For more information visit BeamForAll.com,
LinkedIn, YouTube and Twitter.
About SparkChargeSparkCharge has created the
world’s largest mobile electric vehicle charging network. This
network is now a reality due to three key factors: hardware,
software, and brilliant customers. The Roadie Charging System is a
portable, powerful, modular charging solution that makes DC fast
charging possible anywhere regardless of infrastructure. The app
and EV power delivery service Currently, allows EV drivers to have
their EV charged wherever and whenever they want. To learn more
about SparkCharge go to: https://www.SparkCharge.io
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. These statements
relate to future events or future results of operations, including,
but not limited to the following statements: statements regarding
the proposed acquisition, its expected benefits, the acquisition’s
anticipated timing, and the anticipated future financial
performance as a result of the acquisition. These statements
are only predictions and involve known and unknown risks,
uncertainties and other factors, which may cause Beam Global's
actual results to be materially different from these
forward-looking statements. There can be no assurances that the
proposed acquisition of AllCell will be completed. Except
to the extent required by law, Beam Global expressly disclaims any
obligation to update any forward-looking statements.
Media Contact:Next PR+1
813-526-1195Press@BeamForAll.com
Investor Relations:Kathy
McDermottIR@BeamForAll.com+1 858-295-7661
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