Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner, operator, and provider of electric
vehicle (EV) charging equipment and services in association with
Virginia Clean Cities has been awarded a grant to deploy 200 Blink
Fast Level 2 - 19.2 kW charging stations across the mid-atlantic
region, including locations in Virginia, Maryland, West Virginia
and Washington, DC. The three year project, part of the
Mid-Atlantic Electrification Partnership, is expected to commence
in October 2020 with the identification of suitable EV charging
locations.
The objective of the Mid-Atlantic
Electrification Partnership is to provide a regional ecosystem
enabling the use of all sizes of electric vehicles (light, medium
and heavy duty) for fleets, transportation network companies and
consumers. This ecosystem project will connect the region’s cities,
employing multiple EV and infrastructure sub-projects, and will
include multimodal hubs such as airports, seaports, mass transit
hubs, and logistics centers, while also addressing underserved
neighborhoods and the corridors between and within them. This
project supports inter- and intra-city trips for commercial and
government entities, consumers, ridesharing fleets serving social
service centers, airports and other passenger destinations;
schools; and trucks serving large distribution centers (ports), as
well as charging for employees and visitors at these
facilities.
Blink founder and CEO, Michael D. Farkas said
“We are pleased to partner with Virginia Clean Cities in this
exciting initiative that brings together strong local and regional
partners with a shared vision to create an enduring regional
ecosystem to promote and support the use of electric vehicles. With
the appropriate infrastructure , education and community outreach,
initiatives like this one make the adoption of electric vehicles
much more accessible for government, business and consumer
use.”
“This is an exciting progress in making EV
charging more accessible and timely in our region. As more and more
consumers, fleet operators, and transportation network drivers use
electric transportation, modern equipment like these 200 19.2 kW
Blink chargers are going to change the game in the region” shared
Alleyn Harned, Executive Director of Virginia Clean Cities. “19.2
kW chargers are five times faster than the first generation 3.6 kW
Level 2 EV chargers, and 24 times faster than trickle charging,
meaning more cars can be charged in a day at appropriate
facilities.”
Blink has worked with four clean cities
coalitions to expand charging station networks to meet regional
alternative fuel goals. In Maryland, Virginia, West Virginia and
Washington DC, Blink has an existing network of charging stations
to expand upon including charging stations at IKEA storelocations
in Norfolk, VA, College Park, MD, and Baltimore, MD, at Whole Foods
stores in McLean, VA, Richmond, VA, Roanoke VA, Baltimore, MD, and
Washington, DC and at the McDonald’s in Fairlea, WV. Blink
originally provided the Virginia Clean Cities coalition with
demonstration EV charging equipment in 2011, and the Company’s
staff has worked with the state of Virginia repeatedly, to plan for
electric vehicles. Blink will work with its existing site hosts and
the partners participating on this regional ecosystem project, to
obtain additional sites and install charging stations quickly and
efficiently.
ABOUT VIRGINIA CLEAN CITIESThe
Virginia Clean Cities works with vehicle fleets, fuel providers,
community leaders, and other stakeholders to save energy and
promote the use of domestic fuels and advanced vehicle technologies
in transportation. Clean Cities' efforts span from state and local,
to national collaborations. Over the years, partnerships and
projects have significantly increased the availability of
alternative fuels and infrastructure, thereby enabling a growing
number of fleets to choose alternative fuel vehicles (AFVs). The
U.S. Department of Energy's Vehicle Technologies Office funds
projects that are competitively awarded and cost-shared. These
coalition-supported projects often leverage additional resources
from private and public sector partners to help communities lay the
foundation for hundreds of alternative fuels and vehicle
projects.
ABOUT BLINK CHARGINGBlink
Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle
(EV) charging equipment and has deployed over 23,000 charging
stations, many of which are networked EV charging stations,
enabling EV drivers to easily charge at any of the Company’s
charging locations worldwide. Blink Charging’s principal line of
products and services include its Blink EV charging network (“Blink
Network”), EV charging equipment, and EV charging services. 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 by 2025 from approximately 2
million in 2019, the Company 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 StatementsThis
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, along with terms such as “anticipate,”
“expect,” “intend,” “may,” “will,” “should,” and 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 PR@BlinkCharging.com
Blink Investor Relations
Contact IR@BlinkCharging.com855-313-8187
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