Blink Charging Announces Long Term Agreement to Deploy EV Charging Stations at Fattal Hotel Group Locations in Israel
May 05 2021 - 9:33AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner, operator, and provider of electric
vehicle (EV) charging equipment and services, announced today that
it has signed a long term contract to deploy its EV charging
stations at Fattal Hotels across Israel. The EV charging equipment
will be owned and operated by Blink. Fattal is one of Israel’s
leading hotel companies, with luxury hotels in 14 major tourist
locations, serving more than a million of tourists a year.
“We’re excited to partner with the Fattal Hotel
Group to expand Blink’s presence in Israel. The EV market in Israel
is growing steadily, and the deployment of our industry leading EV
charging stations will provide a fast and convenient charging
option for hotel guests as well as the many tourists who visit the
vacation destinations where these hotels are located. As more
drivers choose EVs, it can be expected that when they travel, they
will increasingly seek hotels that can accommodate their charging
needs,” commented Michael D. Farkas, Blink Founder and CEO. “This
is another step in the beginning of our strategic and rapid
international expansion plans.”
“Fattal Hotels are known for the high-end
amenities they provide their guests, and we’re excited to partner
with them to provide our premier EV charging solution. Our
exclusive agreement with Fattal is a seven-year contract with a
five-year extension, utilizing our owner/operator model, and we
look forward to proving our capabilities with the goal of expanding
to more Fattal locations as we move through our contract term,”
said Marc Berger, Managing Director at Blink Charging.
According to a report published by Samuel Neaman
Institute for National Policy Research entitled, “Electric Vehicles
Charging Infrastructure in Israel,” tens of thousands of public
charging stations will be needed within less than a decade. By
2025, it is estimated more than 25,000 EV public charging points
will be required, with Tel Aviv, Haifa, Jerusalem, and Rishon
LeZion municipalities can expect demand for hundreds of public
charging stations within less than a decade. Blink’s agreement with
Fattal Hotel Group will be able to help fill this growing need for
publicly available charging infrastructure.
###
About Fattal
Hotel GroupFattal Hotel Group is Israel’s largest
hospitality organization and one of the fastest growing hotel
groups across the UK and Europe. The company has 218 hotels in 19
countries and operates under the Leonardo, Herods, NYX, Jurys Inn,
Apollo and U Hotels brand names. To learn more, visit:
https://www.fattalhotelgroup.com/
ABOUT BLINK CHARGINGBlink
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/.
Forward-Looking StatementsThis
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.com855-313-8187
Sources:https://www.neaman.org.il/EN/Files/Electric%20Vehicles%20Charging%20Infrastructure%20in%20Israel%20SNI.pdf
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