Blink Charging Co. Partners with Ya’acobi Brothers Group Ltd. (YSB) on Patented Technology Integration and Strategic U.S. a...
June 19 2018 - 9:20AM
Vertically Integrated EV Charging
Solution Provider Blink Charging and YSB to Incorporate Blink
Charging Stations into Light Poles for Use in Smart City
Deployments
Blink Charging Co. (NASDAQ: “BLNK”, “BLNKW”) (“Blink”), a leading
owner, operator and provider of electric vehicle (“EV”) charging
equipment and networked EV charging services and YSB (TASE:
“YAAC”), a leader in Israel’s infrastructure and smart city
technology, have entered into a cooperation agreement to integrate
Blink technology into light poles with “flexible charging” for
smart city infrastructure. The integration of EV charging and YSB’s
patented innovations will allow both Blink and YSB to deploy and
operate light pole charging stations integrated with IoT
functionality, such as Wi-Fi, camera, internet security, and the
cloud-based Blink Network in the U.S. and Israel and other
potential markets.
Blink has deployed more than 14,000 electric
vehicle charging stations throughout the U.S. and is expanding
globally through strategic partnerships. YSB installs and manages
smart city infrastructure specializing in smart lighting technology
and traffic control systems. The strategic partnership represents
the world’s first integration of networked EV charging with energy
management into smart light poles. There have been more than 25,000
deployments across Israel and globally of YSB’s proprietary smart
lighting products and technology.
“The widespread deployment of electric
vehicle infrastructure is mission critical to service a present and
rapidly-growing global need to make EV charging affordable and
accessible,” said Blink’s Founder and Executive Chairman, Michael
D. Farkas. “We believe our partnership with YSB is a game-changer.
This partnership will enable us to deploy Blink charging stations
on the global stage by integrating directly into city-wide
infrastructure. When we’re done, EV drivers never have to wonder
where they’re going to fill-up.”
“The strategic partnership will open new
cross-selling revenue channels for Blink by leveraging existing
relationships with property owners and municipalities that will be
able to incorporate smart lighting technology within existing EV
charging installations as well as future deployments,” concluded
Mr. Farkas.
“Over the past four decades YSB has focused on
technology innovations that transform infrastructure to improve the
lives of everyday people,” said Pini Yaákobi¸ YSB's Founder and
Chairman. “As leaders in EV charging technology, Blink is an ideal
partner for this vision. The integration of our technologies will
remove barriers for widespread electric vehicle adoption in both
Israel and the United States.”
About Blink Charging
Co.:
Blink Charging (NASDAQ: BLNK,
BLNKW) is one of the leaders in nationwide public electric
vehicle (EV) charging equipment and services, enabling EV drivers
to easily charge at locations throughout the United States.
Headquartered in Florida with offices in Arizona and California,
Blink Charging’s business is designed to accelerate EV
adoption.
Blink Charging offers EV charging equipment and
connectivity to the Blink Network, a cloud-based software that
operates, manages, and tracks the Blink EV charging stations and
all the associated data. Blink Charging also owns and operates EV
charging equipment predominantly under the Blink brand, as well as
using a number of other charging station equipment manufacturers
such as ChargePoint, General Electric (GE) and SemaConnect. Blink
Charging has strategic property partners across multiple business
sectors including multifamily residential and commercial
properties, airports, colleges, municipalities, parking garages,
shopping malls, retail parking, schools, and workplaces.
For more information about Blink Charging,
please visit BlinkCharging.com
About Ya’acobi Brothers Group
Ltd.:
YSB is one of the leading groups in the arena of
business, industrial and infrastructure entrepreneurships in
Israel. The group specializes in planning, integration,
construction, service and maintenance within a wide range of
technological fields, and is involved in national scale projects.
YSB’s edge lies in combining the various technologies and expertise
of its member companies into high quality, reliable professional
solutions. Among the Group’s leading clients are public and
governmental organizations, including the Ministry of Defense, the
National Roads Company, municipalities and local authorities, and
government companies. YSB's member companies are building
thousands of housing units, providing full electromechanical
packages to commercial buildings and national infrastructure,
building and maintaining national electrical and lighting
infrastructure, constructing and maintaining more than 44% of
Israel's traffic lights and interchanges, operating Israel’s
biggest smart waste separation plant, and deploying smart city
technologies in numerous municipalities.
For more information about YSB, please visit
http://www.ysbgroup.com/english/.
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. By their nature, forward-looking statements and
forecasts involve risks and uncertainties because they relate to
events and depend on circumstances that will occur in the near
future. Those statements include statements regarding the
intent, belief or current expectations of Blink Charging Co., 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, and that actual
results may differ materially from those contemplated by such
forward-looking statements. The Company undertakes no obligation to
update or revise forward-looking statements to reflect changed
conditions.
Blink Charging Media Contact:
Stephanie Goldman
Mark Havenner
The Pollack PR Marketing Group
sgoldman@ppmgcorp.com
mhavenner@ppmgcorp.com
(212) 601-9341
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