Blink Charging Announces Award From Illinois Region 1 Planning Council To Expand Electric Vehicle Charging at Public Agencies and Commercial Businesses
July 06 2022 - 9:00AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink”), a leading
owner, operator, and provider of electric vehicle (EV) charging
equipment and services, announced today that it has been awarded a
cooperative purchasing agreement for EV charging equipment and
network services from the
Region 1 Planning
Council in Northern Illinois. The Region 1 Planning
Council is a special-purpose, regional government agency providing
cross-jurisdictional, government-to-government collaborative
planning across Northern Illinois.
The Region 1 Planning Council enables
collaborative long-range planning and economic development
efficiencies for several counties in the region. The Northern
Illinois Council of Governments help local governments and agencies
save time and money by leveraging the collective buying power of
its 20+ members within its six-county jurisdiction. For providers
like Blink, the council of governments program serves as a bridge
to introduce new prospective clients to Blink’s EV technology,
equipment, and network.
“We’re pleased to have won this opportunity to
bring our state-of-the-art technology and equipment to the member
communities and agencies who work with the Region 1 Planning
Council in Northern Illinois,” commented Brendan Jones, President
of Blink Charging. “We are seeing tremendous opportunities in the
marketplace, reflecting the heightened commitment from local, state
and federal entities to establish cost effective and convenient EV
infrastructure as the transition to electric vehicles gains
momentum. It’s particularly gratifying to win a competitive bidding
process like the one for the Region 1 Planning Council, as we
believe their selection of Blink speaks to the growing market
recognition for the versatility and performance of our EV charging
technology, equipment, and network.”
The contract for EV charging equipment and
services for up to a 10-year term will enable members of R1’s
council of governments to participate under any of Blink’s
deployment models with favorable negotiated terms as awarded. The
initial plan estimates for up to 700 charging stations to be
installed over the term of the purchasing agreement.
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About Blink
Charging
Blink Charging Co. (Nasdaq: BLNK, BLNKW), a
leader in electric vehicle (EV) charging equipment, has deployed
over 48,000 charging ports across 19 countries, many of which are
networked EV charging stations, enabling EV drivers to easily
charge at any of Blink’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 SemaConnect, 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, Blink 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 Investor Relations
ContactIR@BlinkCharging.com 855-313-8187
Blink Media ContactPR@BlinkCharging.com
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