Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a
leading global manufacturer, owner, operator and provider of
electric vehicle (EV) charging equipment and services, today
announced an agreement with Arcos Dorados, the largest independent
McDonald's franchisee in the world and the largest quick-service
restaurant chain in Latin America and the Caribbean, to provide EV
charging solutions to five McDonald’s restaurants owned by Arcos
Dorados in Puerto Rico.
Under the agreement, beginning in August 2023,
Blink-owned IQ 200 pedestal chargers will be installed at Arcos
Dorados franchises throughout Puerto Rico including locations in
Mayaguez, Fajardo, Ponce, and San Juan. These chargers will be
ready to provide world-class and reliable EV charging services to
customers by the end of summer.
“We applaud Arcos Dorados for their visionary
move and forward-thinking actions in integrating EV charging in
their prominent restaurants throughout Puerto Rico,” expressed Juan
C. Barahona, US & Global Director of Operations for Blink
Charging. “Arcos Dorados’s leadership within the Latin American and
Caribbean dining sector sets a remarkable precedent for embracing
the EV revolution. Blink is thrilled to spearhead the international
EV charging landscape through an expanded footprint of charging
solutions now available in Puerto Rico.”
The agreement between Blink and Arcos Dorados
further establishes Blink’s strong presence in the Latin American
market. Thus far, Blink has successfully sold or deployed 2,138
chargers across eight countries in LATAM since its market entery in
2020. The collaboration between Blink and Arcos Dorados represents
another pivotal step in paving the way for global EV adoption. The
collaboration will contribute to the development of EV
infrastructure and support the growing demand for electric vehicles
– with a forecasted 5.4 million electrified vehicles projected on
Latin American roads by 2030.
Arcos Dorados is the largest quick service
restaurant chain throughout Latin America and the Caribbean, with
exclusive rights to own, operate, and grant franchises of
McDonald’s restaurants to locations in 20 countries including
Argentina, Aruba, Brazil, Chile, Curaçao, Ecuador, Mexico, Panama,
Peru, Puerto Rico, St. Thomas, Uruguay, and Venezuela. The
extensive franchise network positions Arcos Dorados as a key player
in electrifying mobility throughout LATAM and the Caribbean.
Blink’s fast-charging solutions will meet EV drivers where their
needs exist, as the global charging leader expands its
international presence.
Blink’s IQ200 chargers are the fastest Level 2
(L2) AC charging stations available, capable of delivering up to 80
amps of output. These chargers can provide approximately 65 miles
of charge in just one hour. Featuring the SAE J1772 charge
connector and supporting convenient payment options such as RFID,
Apple Pay, Google Wallet, and major credit cards, the Blink
chargers are an ideal choice for retail and restaurant locations
like the various Arcos Dorados franchises throughout the LATAM
region.
The initial installation of Blink EV chargers in
Puerto Rico marks the beginning of a promising strategic
relationship between Blink Charging and Arcos Dorados.
###
About Arcos Dorados
Arcos Dorados is the world’s largest independent
McDonald’s franchisee, operating the largest quick service
restaurant chain in Latin America and the Caribbean. It has the
exclusive right to own, operate and grant franchises of McDonald’s
restaurants in 20 Latin American and Caribbean countries and
territories with more than 2,300 restaurants, operated by the
Company or by its sub-franchisees, that together employ over 95
thousand people (as of 03/31/2023). The Company also utilizes its
Recipe for the Future ESG platform to positively impact the
communities in which it operates. Arcos Dorados is listed for
trading on the New York Stock Exchange. To learn more about the
Company, please visit the Investors section of our website:
www.arcosdorados.com/ir.
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK), a global
leader in electric vehicle (EV) charging equipment, has contracted,
sold, or deployed nearly 73,000 charging ports worldwide, many of
which are networked EV charging stations, enabling EV drivers to
easily charge at any of Blink’s charging locations. Blink’s
principal line of products and services includes 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, BlueLA and Envoy.
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 half of passenger cars sold in the US by
2030, 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
Contact Vitalie Stelea IR@BlinkCharging.com 305-521-0200
ext. 446
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