Blink Charging Subsidiary, EB Charging, Announces Strategic Agreement with Q-Park to Deploy Hundreds of Charging Points Across the United Kingdom and Ireland
May 31 2022 - 10:30AM
EB Charging, a Blink Charging (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”) wholly owned company, today announced an agreement with
Q-Park, a leading parking infrastructure owner and operator in
Europe, to deploy nearly 600 charging points across 80 sites in the
United Kingdom and Ireland.
The Agreement, totaling over £3 million, or more
than $3.7 million, will initiate EB Charging’s rollout of over 600
charging points across Q-Park’s portfolio of parking facilities in
the UK and Ireland. Installations are due to commence in July 2022
and will include the modernization of the existing charging
infrastructure with EB Charging’s state-of-the-art hardware.
“We acquired EB Charging precisely because of
its strong market presence and reach across Europe, alongside its
innovative and complementary charging technology. With this
agreement, we will increase the accessibility of charging ports
across the UK, Ireland and beyond, including more than doubling
Q-Park’s existing charging portfolio,” said Michael Farkas, founder
and CEO of Blink. “We are excited to rapidly expand our presence in
the UK and beyond, and continue to fuel Europe’s position as a
leader in the transition to EVs.”
As part of this agreement, EB Charging will be
responsible for the installation of the EV charging hardware and
for the management of the charging provision, including a 24/7
customer support service to Q-Park EV customers.
In April, Blink acquired EB Charging, marking
Blink’s first entry into the UK. The acquisition added more than
1,150 chargers, installed or committed for delivery, to Blink’s
footprint and serves as an important accelerant in the Company’s
global expansion. Blink is now present in more than 18
countries.
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About Q-Park
Q-Park is one of the three leading providers of
parking facilities in West Europe, whether wholly owned, leased,
managed or in a hybrid business model. Q-Park is notable for its
quality approach and has a portfolio comprising over 570,000
parking spaces in the Netherlands, Germany, Belgium, Great Britain,
France, Ireland, and Denmark.
About Blink
Charging
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a
leader in electric vehicle (EV) charging equipment and has deployed
over 30,000 charging ports across 18 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’s principal line of products and services include the Blink
EV charging network (“Blink Network”), EV charging equipment, EV
charging services, and the products and services of recent
acquisitions, including Blue Corner and BlueLA. 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 vehicles 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, and terms such
as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or
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
ContactPR@BlinkCharging.com
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