Blink Charging Builds Industry Experience with Addition of Mahi Reddy to Board of Directors
August 03 2022 - 10:25AM
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 is pleased to
announce Mahi Reddy has been elected to its Board of Directors
(Board), adding valuable industry experience and strategic counsel.
Mr. Reddy joins the Blink Board while serving as Chief Executive
Officer of SemaConnect LLC, a Blink Charging company.
As a member of the Board, Mr. Reddy will advise
on the growth strategies and EV products and services for Blink.
His expertise in information technology gained through his long
tenure as a founder and senior executive in the EV industry and his
extensive experience with embedded systems and server-side IT make
him an invaluable asset to the Board.
“The addition of Mahi to Blink’s Board of
Directors provides a unique perspective that will be strongly
leveraged. His deep understanding of the EV and alternative fueling
industry, coupled with his ongoing leadership of SemaConnect, will
help us as we navigate an increasingly complex industry and further
integrate our two companies,” said Blink Founder and Executive
Chairman Michael D. Farkas. “Mahi is well known for his
innovativeness and forward-thinking, making him an invaluable
addition to the Board. We look forward to his expertise as Blink
continues to scale up its business and make EV charging accessible
to everyone around the world.”
Mr. Reddy is a highly regarded serial
entrepreneur, with SemaConnect being his sixth successful company.
Previously, he co-founded CBay Systems Ltd., which was listed on
NASDAQ (MODL) and then taken private by JP Morgan after growing to
$70 million in annual revenue and being twice named Healthcare
Informatics 100 Leading IT Companies in healthcare.
“I’m excited to join the Blink board at such a
pivotal time of impressive growth and expansion,” said Mr. Reddy.
“Blink is a leader in the EV charging industry with innovative
technologies and services that are helping to bring EV charging to
every home, place of work and destination location possible and I
look forward to working with such a talented team.”
As is common practice for Blink, the Board
regularly evaluates its composition to ensure its skills,
experience, and professional perspectives are in alignment with the
status and projected growth of the company for all Blink
shareholders. Mr. Reddy joins existing members Michael D. Farkas,
Ritsaart van Montfrans, Louis Buffalino, Jack Levine, Kenneth
Marks, and Brendan Jones, four of whom are independent.
###
About Blink
Charging Blink Charging
Company (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.com855-313-8187
Blink Media
ContactPR@BlinkCharging.com
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