Beam Global Receives Orders from California DGS, Multiple Federal Agencies and Private Enterprise Customers
May 05 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 that the California Department of General Services
(DGS) placed a follow-on order for 23 EV ARC™ sustainable EV
charging systems in the first quarter of 2022. Several federal
agencies and an increasing number of private enterprise customers
placed multi-unit orders during the same period, along with other
orders.
The government customer systems will be used to charge fleet EVs
and to provide energy resiliency and disaster preparedness,
providing local, state and federal government entities with access
to vital fuel for EVs and electricity for other purposes in
emergencies, disasters and grid outages. Private enterprise
customers are using the sustainable charging systems to provide
rapidly deployed EV charging for employees, visitors and customers
as EV adoption gains momentum.
“Beam Global had a record year of deliveries and revenue in 2021
and we have just announced that we made more deliveries in Q1 of
’22 than in any prior Q1 in our history,” said Desmond Wheatley,
CEO of Beam Global. “The sales team was busy in the quarter too and
we see the momentum continuing with these orders, both repeat and
new, from excellent customers. We are delighted to continue to
receive orders through the California contract as well as all the
others, and we anticipate even more growth from our recently
announced Federal Blanket Purchase Agreement.”
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. 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 and other state, local and municipal entities can
purchase from DGS Contract #1-18-61-16, and federal agencies can
purchase from GSA Contract Number 47QSWA21D0006. Both contracts
serve to simplify the government procurement process and make
chosen solutions available at the best negotiated pricing. For more
information on Beam sustainable EV charging and energy storage
solutions, please contact BeamTeam@BeamForAll.com or
858-799-4583.
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 photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1d7ffa1b-3c6b-4e29-a9f0-d199013577ee
A video accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/e45ad654-eea3-4179-bbc8-ae28a281aacb
Beam Global (NASDAQ:BEEM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Beam Global (NASDAQ:BEEM)
Historical Stock Chart
From Sep 2023 to Sep 2024