Blink Charging’s Blue Corner to Install up to 500 EV Charging Stations Across Belgium Through Exclusive Agreement with KU L...
July 08 2021 - 9:15AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner, operator, and provider of electric
vehicle (EV) charging equipment and services, today announced that
its wholly owned European subsidiary, Blue Corner, has signed a
contract to sell and operate EV charging stations at the KU Leuven
campuses across Belgium. KU Leuven is one of Europe’s leading
research universities. This exclusive four-year sales contract also
includes a 10-year service agreement for the operation of the
charging stations. The sales and operations contract is valued at
approximately €1.5 million or approximately $1.8 million.
“We acquired Blue Corner precisely because of
its strategic expertise, relationships, and market presence in
Europe. This exclusive long-term contract with KU Leuven will bring
accessible EV charging through the deployment of approximately 300
to 500 charging ports on the campuses of this prestigious
educational institution, serving students, instructors, and
visitors to their locations across Belgium,” stated Michael D.
Farkas, Blink Founder and Chief Executive Officer. “Europe is
leading the transition to EV use and we’re energized by the
opportunities we’re seeing to increase our role in providing the
infrastructure to support the advancement of the European EV
charging landscape.”
Europe is experiencing widespread electric
vehicle adoption. According to European new vehicle sales figures
published in May 2021 by H.C. Wainwright & Co., Norway is
leading the region with 83% of new car sales being electric.
Figures from the EV Data Center for April 2021 new car sales show
that Belgium experienced a significant increase in the sale of
electric vehicles with year-over-year growth of 1230%.
The tender award is being coordinated through
the Blue Corner team based in Antwerp, Belgium which continued to
work for the company following Blink’s acquisition of Blue Corner,
and will begin deployments commencing in the fall of 2021.
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ABOUT BLINK CHARGINGBlink
Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle
(EV) charging equipment and has deployed over 30,000 charging ports
across 13 countries, 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 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.
Source(s)H.C. Wainwright &
Co. Industry Update, Clean Technology, June 7, 2021. Weekly
Cleantech and Renewable Roundup.
EV Data Center, EV Data Center Service News, May 9, 2021.
https://www.ev-volumes.com/datacenter/.
Blink Media
Contact PR@BlinkCharging.com
Blink Investor Relations
Contact IR@BlinkCharging.com855-313-8187
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