Blink Charging Sponsors University of Cincinnati’s First All-Electric Formula Racing Team and EV Innovation Among Students
April 06 2021 - 9:15AM
Blink Charging Co. (the “Company” or “Blink”) (Nasdaq: BLNK,
BLNKW), a leading owner, operator, and provider of electric vehicle
(EV) charging equipment and services, today announced its
sponsorship of the Bearcat Electric Vehicle (BEV) racing team,
which is the first all-electric formula racecar team out of the
University of Cincinnati and falls under the university’s AIC
(Academic Intercollegiate Competitions) category.
The University racing team is comprised of about
40 students, a majority of whom are engineering students. These
bright students boast impressive experiences with electric
vehicles. Seven current and former students have been interns at
Tesla Motors, and ten team members have participated in the
SpaceX/Hyperloop competition representing the University of
Cincinnati.
"We are proud and honored to be supporting and
sponsoring the next generation of young engineers who undoubtedly
will continue to bring the EV industry into maturity in the coming
decade," commented Joshua Winkler, Senior VP of Technology and
Product Development at Blink Charging. "Technological advances in
transportation and many other industrial sectors are often
influenced or enhanced by college students' creativity and
competitive endeavors. We are confident the Bearcat EV racing team
will innovate its way to victory. We are excited to see young minds
focus their experience and enthusiasm within the EV industry to
transform modern-day transportation."
As the BEV team gears up for the Formula SAE
design competition in Michigan in May of this year, they are
entering the critical and exciting assembly and testing phase of
their first electric formula car. The goal of the team is to
emphasize sustainable innovation at the University of
Cincinnati.
"Our sponsors are what make all this possible!
Blink has a hand in actively advancing our team members' education
while increasing the level of innovation we can relentlessly pursue
each year. Blink's generous donation didn't only increase our
team's chances of success but improved the field of electric
vehicles by investing in future engineer," said Sagar Tiwari,
Founder and Student Team Leader.
Recently, Blink has supported and built
relationships with several key influencers in the EV innovation
space. In February, Blink announced cooperation with Bisimoto
Engineering, a California-based automotive designer focused on
high-performance EV conversions. Last fall, Blink also announced a
working partnership with EV influencer Seth Leitman and Sustainable
Westchester to bring more EV charging technology to the
northeast.
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About Blink Charging
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a
leader in electric vehicle (EV) charging equipment and has deployed
over 23,000 charging stations, many of which are networked EV
charging stations, enabling EV drivers to easily charge at any of
the Company’s charging locations worldwide. Blink Charging’s
principal line of products and services include its Blink EV
charging network (“Blink Network”), EV charging equipment, and EV
charging services. The Blink Network uses 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 by 2025
from approximately 2 million in 2019, the Company has established
key strategic partnerships for rolling out adoption across numerous
location types, including parking facilities, multifamily
residences and condos, workplace locations, health care/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 Bearcat Electric Vehicle
Racing
Bearcat Electric Vehicle (BEV) is the University
of Cincinnati's (UC) first all-electric formula racecar team. It’s
mission is to design and build UC's first electric racecar to
compete at the international FSAE competition circuit, representing
the Bearcats to emphasize sustainable innovation at UC and to show
that ‘’We Engineer Better’’! BEV is a team of 30 seniors
supported by undergrad and grad students, with a goal to design a
high performance and reliable formula style car. The electric
vehicle industry is booming for engineers and this transition
initiative would surely help our students get an edge. This is
going to be one of the biggest upcoming changes in lifestyles and
UC wants to put its efforts in the process.
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, along with
terms such as “anticipate,” “expect,” “intend,” “may,” “will,”
“should” and 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 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 (855) 313-8187
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