Blink Charging Announces Management Reorganization to Focus on Sales and Deployment of Next Generation Technology
October 23 2018 - 9:05AM
Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner, operator and provider of electric
vehicle (EV) charging station products and networked EV charging
services, announced today a strategic evolution of its management
team. Blink’s Board of Directors has named Michael D. Farkas to
resume the role of Chief Executive Officer, effective immediately.
Farkas, the company’s founder, has over 25 years
of experience and an established track record as a principal
investor in growth companies. Additionally, he has been very active
in guiding their capital markets and M&A activities across a
variety of industries including automotive, retail,
telecommunications, agriculture and aerospace.
“Blink is exceptionally positioned to capitalize
on the rampant growth in the EV market,” said Farkas. “Our company
has spent the last few years developing best in class technology,
and we are now ready to accelerate the delivery of our innovative
solutions to the market at scale. With new products already
entering the market, a strong balance sheet and what we believe is
the best team in the business, we are poised for growth.”
Farkas succeeds Mike Calise, who will transition
into the role of Senior Vice President of Sales. In this role Mr.
Calise will continue his focus on the success of Blink’s strategic
sales initiatives, including the launch of its next generation
products.
The Board also announced that James
Christodoulou, currently the President of Blink, has been appointed
to the Board of Directors and will assume the responsibilities of
Chief Operating Officer. During the transition, outgoing COO Ira
Feintuch will remain with the Company in an advisory role, ensuring
the smooth rollout of Blink’s next generation product and ongoing
operations.
“I am looking forward to continuing to work with
Ira, reaffirming our commitment to customers, partners,
shareholders and employees,” commented Christodoulou.
“I want to thank Mike and Ira for their
continued leadership and contributions,” Farkas said. “Together, we
made Blink the first and only pure-play, NASDAQ-listed Electric
Vehicle charging infrastructure company. The team optimization
announced today ensures the right people are in the right roles and
will enable Blink to more aggressively pursue our shift from
R&D to sales and growth. 2019 will be a seminal year for Blink
as we launch our next generation product lines and forge new
industry relationships.”
These latest appointments follow the hiring of
Jonathan New as Chief Financial Officer in June of this year. Mr.
New has more than thirty-four years of corporate finance experience
in public innovation and technology companies.
About Blink Charging
Co.:Blink Charging Co.
(NASDAQ: BLNK, BLNKW) is one of the leaders in nationwide public
electric vehicle (EV) charging equipment and services.
Blink designs, owns, operates and sells EV
charging equipment under the Blink brand, as well as a number of
other charging station equipment manufacturers such as Chargepoint,
General Electric (GE) and SemaConnect. Blink Charging also offers
connectivity to the Blink Network, a cloud-based platform that
operates, manages and tracks Blink EV charging stations and all
associated data.
For more information about Blink, please visit
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, 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 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. Except as required by federal securities law, 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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