Beam Global Awarded New State of California Contract for Rapidly Deployed Sustainable EV Charging Infrastructure Products
June 29 2022 - 8:00AM
Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of
innovative sustainable products and technologies for electric
vehicle (EV) charging, energy storage, energy security and outdoor
media, announced that the State of California has awarded contract
#1-22-61-16 to supply EV ARC™ sustainable EV charging systems
through the Department of General Services (DGS) to Beam Global.
California state, local and municipal government entities, and
government entities in other U.S. states, can purchase Beam
products at the California negotiated price, without having to go
through a lengthy procurement or technology review process. The
award is effective June 24, 2022 through June 23, 2025 and is
eligible for renewal through June 23, 2027.
Use of the DGS contract is mandatory for all State of California
Departments and is available for use by local California
governmental agencies. The state has opened this purchasing vehicle
to government entities in all 50 states that elect to use the
California contract to buy Beam’s rapidly deployed solar-powered EV
charging systems at the same volume price offered to the State of
California. The contract includes several configurations of the EV
ARC™ 2020, EV ARC™ DC Fast Charging system, the ARC Mobility™
trailer and emergency preparedness accessories. This represents an
expansion over previous California contracts to include more Beam
Global products than were available on previously awarded
contracts.
Off-grid and solar-powered, each EV ARC™ 2020 generates and
stores its own electricity, then delivers that energy to power any
quality brand level 2 EV charger. Transportable yet permanent, it
fits in a standard parking spot without reducing available parking
and can charge up to 6 vehicles simultaneously. The ARC Mobility™
trailer is a specialized hydraulic transportation system which
enables a single operator to easily relocate EV ARC™ 2020 systems.
The EV ARC™ DC Fast Charging system enables DC fast charging in
locations with insufficient circuity, no grid connection or
excessive upgrade or power costs. The contract includes Beam’s
emergency power solutions which provide a secure and reliable
source of electricity for EV charging and first responders during
natural disasters or other periods of utility grid
interruption.
“This new contract with California is at once a powerful
validation of our products which the state has been using for many
years and also a strong indication of California’s commitment to
electrifying transportation and using rapidly deployed, sustainable
and robust charging infrastructure products that are made in the
U.S. to fuel this new generation of vehicles,” said Beam Global CEO
Desmond Wheatley. “Consumers, companies and governments are
adopting EVs at a faster rate than ever and yet we are still just
at the beginning of this massive shift. The need for EV charging
infrastructure is becoming greater and more urgent every day. Our
ability to rapidly scale and deploy EV chargers without
construction or electrical work and without utility bills, grid
capacity constraints or vulnerability to black-outs, is becoming
increasingly recognized as vital to the success of this evolution.
We are busier than ever but we’re planning on getting a lot more
busy.”
California Governor Gavin Newsom presented a $286.4 billion
budget proposal, dubbed the “California Blueprint,” in January. The
plan suggests spending $22.5 billion to address the burgeoning
climate crisis in the state, allocating $6.1 billion to electric
vehicle related initiatives. California also became the first state
to commit to effectively banning sales of new, internal combustion
engine or gas-powered vehicles by 2035. President Biden signed
Executive Order 14008 and subsequent Executive Order 14057 with its
accompanying Federal Sustainability Plan which calls for 100%
Zero-Emission Vehicle Acquisitions by 2035, including 100%
light-duty acquisitions by 2027. The bipartisan Infrastructure
Investments and Jobs Act (IIJA) authorized $7.5 billion to build
out a national EV charging network of 500,000 chargers.
California and other state, local and municipal entities can
purchase from DGS contract #1-22-61-16, and federal agencies can
purchase from GSA Contract Number 47QSWA21D0006. Both contracts
serve to simplify the government procurement process and make
chosen solutions available at the best negotiated pricing. For more
information on Beam sustainable EV charging and energy storage
solutions, please contact the BeamTeam@BeamForAll.com or 858-799
4583.
About Beam Global
Beam Global is a clean technology leader providing innovative,
sustainable products and technologies for electric vehicle (EV)
charging, energy storage, energy security and outdoor media. Core
platforms include Beam EV ARC™ and Solar Tree® sustainable EV
charging systems, Beam AllCell™ high-performance energy storage
solutions, energy resiliency and disaster preparedness products and
a deep patent library.
Beam EV ARC™ EV charging infrastructure systems support any
quality brand EV charging service equipment, and Beam AllCell™
battery solutions power micro-mobility, terrestrial EVs, aviation,
maritime and recreational vehicles as well as stationery and
energy-security platforms.
Beam develops, patents, designs, engineers and manufactures
unique and advanced clean mobility solutions that protect the
environment, save customers time and money, empower communities and
keep people moving. Based in San Diego and Chicago, the company
produces Made-in-America products with the mission to Lead the
World to Clean Mobility. Beam Global is listed on Nasdaq under the
symbols BEEM and BEEMW. For more information visit BeamForAll.com,
LinkedIn, YouTube and Twitter.
Forward-Looking Statements
This Beam Global Press Release may contain forward-looking
statements. All statements in this Press Release other than
statements of historical facts are forward-looking statements.
Forward-looking statements are generally accompanied by terms or
phrases such as “estimate,” “project,” “predict,” “believe,”
“expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,”
“will,” “should,” “may,” or other words and similar expressions
that convey the uncertainty of future events or results. These
statements relate to future events or future results of operations,
including, but not limited to the following statements: statements
regarding the proposed acquisition, its expected benefits, the
acquisition’s anticipated timing, and the anticipated future
financial performance as a result of the acquisition. These
statements are only predictions and involve known and unknown
risks, uncertainties and other factors, which may cause Beam
Global's actual results to be materially different from these
forward-looking statements. There can be no assurances that the
proposed acquisition of AllCell will be completed. Except
to the extent required by law, Beam Global expressly disclaims any
obligation to update any forward-looking statements.
Media Contact:Next PR+1
813-526-1195Press@BeamForAll.com
Investor Relations:Kathy
McDermottIR@BeamForAll.com+1 858-799-4583
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1822e1d7-bf6e-4f5e-bceb-46a92aef65a8
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