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 the installation of Level 2 (L2) Blink IQ200 electric
vehicle chargers at five restaurant locations throughout Puerto
Rico. The installation was marked by a launch event providing EV
drivers with free charging at select locations.
Customers can now charge their EVs while they
dine-in at the following locations: Montehiedra, Las Cumbres,
Mayaguez Terrace, Ponce by Pass, and Fajardo. The installation of
charging stations by Arcos Dorados, the largest independent
McDonald’s franchisee in the world, and Blink aims to promote the
adoption of electric vehicles in Puerto Rico by building
infrastructure in convenient locations to strengthen range
confidence in current and future EV drivers. The installations were
the first round of chargers to be installed under an agreement
between Arcos Dorados and Blink, announced in late August.
“We are excited to see how Arcos Dorados has
taken immediate action to meet their customers needs and promote
environmental conservation for a cleaner future,” said Patricia
Baires, LATAM Business Development Manager for Blink Charging. “The
incorporation of Blink stations at the select restaurants in Puerto
Rico demonstrates the aligned commitment to EV adoption and
infrastructure development that both companies undoubtedly
share.”
The agreement further establishes Blink’s
presence in the Latin American market. To date, Blink has
successfully sold or deployed chargers across eight countries in
LATAM since entering the market in 2020. EVs are expected to
continue to grow in demand throughout Latin America, with a
forecasted 5.4 million EVs on roads in the region by 2030.
“We are proud to be able to utilize Blink’s
innovative electric vehicle charging solutions to address the
environmental needs of our planet as we share a commitment towards
a clean energy future for Arcos Dorados,” said Vincent Lamazou,
Managing Director of Arcos Dorados in Puerto Rico.
Blink is committed to sustainability and
reducing its carbon footprint as the transportation sector remains
the dominant contributor of carbon and greenhouse gas emissions
worldwide. Electric vehicles emit approximately 17-30% less carbon
than gasoline or diesel vehicles.
Blink’s IQ200 chargers are Level 2 (L2) AC
chargers capable of delivering up to 80 amps of output, these
chargers can provide approximately 65 miles of charge in just one
hour. The IQ200 chargers support convenient payment options such as
RFID, Apple Pay, Google Wallet, and major credit cards, making them
an ideal choice for retail and restaurant locations.
###
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK), a global
leader in electric vehicle (EV) charging equipment, has contracted,
sold, or deployed nearly 78,000 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://blinkcharging.com/.
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 Arcos
Dorados or by its sub-franchisees that together employ over 95
thousand people (as of 03/31/2023). Arcos Dorados 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.
McDonald’s™ is a registered trademark and/or
service mark of McDonald's Corporation and its affiliates.
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 Contact Jon Myers
PR@BlinkCharging.com 305-521-0200 ext. 266
Blink Investor Relations
Contact Vitalie Stelea IR@BlinkCharging.com 305-521-0200
ext. 446
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From Jul 2023 to Jul 2024