Beam Global Receives $900k Battery Order to Power Autonomous Delivery Drones
July 28 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 a $927k order for Beam Global’s energy storage
solutions to power autonomous on-demand delivery drones. The
battery packs include Beam’s patented thermal management technology
for superior safety, higher energy density and longer life. The
customer is an American company that designs, manufactures and
operates an automated delivery system.
“The global market for drones is expected to grow at a fantastic
pace over the next decade. Goldman Sachs is calling it a $100B
market," said Beam Global CEO Desmond Wheatley. "We are confident
that drones powered by Beam’s advanced battery technology are going
to be part of that growth and so will our patented UAV ARC, rapidly
deployed, off grid, drone recharging product. This is another good
example of how our acquisition of a highly differentiated battery
technology company puts us in a leadership position for the future
of electrified transportation.”
The drones powered in this case perform delivery services for a
range of applications from Fortune 100 retailers to startups and
global partners. Powering their automated delivery system with
safe, clean, efficient energy storage solutions from Beam Global
allows the customer to safely and reliably deliver products while
reducing fossil fuel use, improving air quality and decreasing road
traffic.
The Beam Global energy storage solutions used in the autonomous
drones include patented PCC™ technology for advanced thermal
management and energy density. The advanced compact, lightweight,
and long-lasting lithium-ion batteries are manufactured in Beam’s
Broadview Illinois facility by our team of world-class engineers
and battery experts.
The drone package delivery market is projected to grow at a CAGR
of 49.0% from 2022 to 2030. Increasing private investments in
drones and increase in e-commerce sales and demand for contactless
delivery post-pandemic are some of the factors fueling the growth
of the market. During the COVID-19 pandemic, various countries have
realized the potential of drone technologies and have provided
relaxation in terms of their regulation.
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
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