Blink Charging Co. (Nasdaq: BLNK, BLNKW) ("Blink" or the
"Company"), a leading owner, operator, and provider of electric
vehicle (EV) charging equipment and services, today announced that
it has received a follow-on order from InterEnergy for 150
fast-charging stations, including its IQ 200 and DCFC units, to be
deployed in the Dominican Republic. This order, valued at over $1.0
million, is in addition to the Company's previously announced $1.2
million purchase order for 200 charging stations with InterEnergy.
With these orders, InterEnergy has purchased 350 Blink Level 2,
DCFC, and residential charging stations.
As pioneers in the implementation of the first
national charging stations network, InterEnergy aims to facilitate
the installation of 500 charging stations throughout the Dominican
Republic and Panama by the end of 2021, supported by its
technological platform Evergo.
Michael D. Farkas, Founder and Chief Executive
Officer of Blink, commented, "Residents and businesses in the
Dominican Republic are enthusiastically embracing the transition to
electric vehicles, and we are excited to continue our engagement
with InterEnergy, contributing to the build-out of the country's EV
infrastructure with our charging stations."
"Earlier this week, it was remarkable to watch
the President of the Dominican Republic, Mr. Luis Abinader, arrive
at his inauguration in an electric vehicle. We believe this
transportation choice demonstrates his administration's commitment
to promoting cleaner and more environmentally friendly energy
sources. It is widely reported that the President is committed to
transitioning all police vans and Government vehicles to electric.
Whether for the public or private sectors, Blink is well-positioned
to play a critical role as the island nation's dominant EV charging
station equipment provider," shared Farkas.
"In addition to our work in the Dominican
Republic, we are looking forward to expanding with InterEnergy in
other territories where they operate, including Panama, Chile, and
Jamaica," Farkas concluded. InterEnergy, through its CEPM
subsidiary, provides energy solutions to more than 66% of the
national tourism sector in the Dominican Republic. Installation
locations for Blink’s charging stations will include hotels and
resorts, shopping centers, and gas stations.
“We are evidencing an unprecedented growth in
electric mobility, considering that we are just beginning the
deployment of charging stations. Evergo, as of August 2020,
has more than 150 charging stations installed or in the
process of installation in the Dominican Republic. Our goal
is to have 500 charging stations in our network by
the end of 2021”, shared Roberto Herrera, country manager in
the Dominican Republic of InterEnergy Group. “Our purpose is to
facilitate access to sustainable mobility for everyone, through the
most sophisticated and largest network of charging stations in the
Dominican Republic, which corresponds to our commitment to the
Sustainable Development Goals (SDG)”, concluded.
Blink's IQ 200 units are the fastest level 2 AC
charging stations available on the market, have a maximum output of
80 amps, and deliver up to 65 miles of charge in an hour. The Blink
IQ 200 chargers have been well received by leading EV industry
experts, making them the preferred level 2 option for destination
charging.
###
About Blink Charging
Blink 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 vehicles
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/.
About InterEnergy Group
For three decades, InterEnergy has powered
people and cities across the Caribbean and Latin America –
providing reliable, cost-effective and clean energy to the
Dominican Republic, Panama, Jamaica, and Chile.
Its generation portfolio aggregates
approximately 1,250MW of installed capacity across the region. It
is also the exclusive supplier of electricity to the fast-growing
tourism resort area of Punta Cana-Bavaro, representing more than
66% tourism sector in the country.
As a pioneer in renewable energy, InterEnergy
developed the first wind farms in the Dominican Republic, the
largest wind farm in Central America, and several solar power
projects throughout the region. By supplying over 320 MW of
renewable energy generation throughout the region, InterEnergy
eliminates hundreds of thousands of tons of CO2 emissions per
year.
For more information about Interenergy, please visit
www.interenergy.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.
Source 1 - Dominican Today,
August 17, 2020Electric cars, government priority in the Dominican
Republic
Blink Media
Contact PR@BlinkCharging.com
Blink Investor Relations
Contact IR@BlinkCharging.com
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