Beam Global Hits Record First Quarter Deliveries and the Second Biggest Quarter in Company History
May 03 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, announced the highest number of system deliveries in the
first quarter of any year in the company’s history. Q1 was also the
second biggest quarter for deliveries in Beam’s history following
the record fourth quarter 2021.
“Q1 has historically been a slower quarter for us but not this
year. The momentum we built in 2021 continues with a first quarter
record start in deliveries for Beam Global,” said Desmond Wheatley,
CEO of Beam Global. “The 2021 historic highs in new orders set the
pace for record revenue and deliveries in 2021 but also,
importantly, enabled us to continue that pace and deliver record
results in the first quarter of 2022 as our investments in sales,
operations and manufacturing deliver returns. With pipeline also at
a new high, we see no sign of this abating, boding well for
continued momentum and growth for the year.”
Net Zero Emission Initiatives continue to expand at the federal,
state and local levels and with private enterprise. President Biden
signed Executive Order 14008 and subsequent Executive Order 14057
with its accompanying Federal Sustainability Plan which calls for
100% Zero-Emission Vehicle Acquisitions by 2035, including 100%
light-duty acquisitions by 2027. California Governor Gavin Newsom
presented a $286.4 billion budget proposal, dubbed the “California
Blueprint,” in January. The plan suggests spending $22.5 billion to
address the burgeoning climate crisis in the state, allocating $6.1
billion to electric vehicle related initiatives. California also
became the first state to commit to effectively banning sales of
new, internal combustion engine or gas-powered vehicles by 2035.
Beam is experiencing increased order activity from Federal, State
and local governments as well as enterprise customers.
For more information on purchasing Beam’s EV ARC™
ready-to-deploy sustainable EV charging solutions please contact
The Beam Team at 858-799-4583 or BeamTeam@BeamForAll.com.
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. 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.comInvestor
Relations:Kathy McDermottIR@BeamForAll.com+1
858-799-4583
A video accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/d424bcf5-cbcf-48fa-b1ff-f4e423bb7fcd
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