Blink Charging and the EUNICE ENERGY GROUP establish a Joint Venture to target European Electric Vehicle (EV) Charging Mark...
March 19 2019 - 9:45AM
BLINK ENTERS EUROPEAN EV CHARGING MARKET AS PART
OF ITS GLOBAL PARTNERSHIP STRATEGY
Blink Charging Co., a leading owner, operator and
provider of electric vehicle (EV) charging station products and
networked EV charging services, has signed an agreement with the
EUNICE ENERGY GROUP (EEG) to establish a joint venture (JV) with
the purpose of targeting the European EV Charging markets, starting
with Greece.
The EUNICE ENERGY GROUP (EEG) (Eunice-group.com)
is one of the leading providers of renewable energy in Greece.
Since its establishment in 2001, EEG has been a pioneer in
advancing the creation and development of new activities in the
renewable energy sector. These activities cover a full range of
projects dealing with the design, development, implementation, and
operation of renewable energy solutions. In addition to being a
manufacturer of wind turbines, EEG owns and operates wind farms and
photovoltaic (solar) plants throughout Greece. EEG is a partner in
Project TILOS, Greece’s first hybrid powered station, which has won
multiple award, including the EU Sustainable Energy Award.
Recently, EEG received a license from the Greek government to
supply electricity and started its activity in the retail
electricity market, through its subsidiary WE ENERGY – EUNICE
TRADING.
Blink Charging Europe Ltd. (“Blink Europe”), the
JV entity, was formed with the purpose of leveraging Blink’s EV
products, network, technology, and experience within the EV
charging space alongside EEG’s position and financial abilities to
expand the charging infrastructure in Greece and other European
countries.
Sales of Plug-in vehicles have continued to
accelerate across Europe with a year-over-year increase of 33% in
2018 with over 400,000 vehicles sold. These plug-in vehicles need a
place to charge and Blink Europe wants to ensure that every
European EV driver’s charging needs are met. Establishing Blink
Europe continues Blink’s global expansion strategy and provides
Blink with access to the European markets during a time of rapid
expansion for the EV Charging industry.
“This joint venture to target the EV charging
market in Greece comes at a critical time for the country,” stated
Blink’s Founder and Executive Chairman Michael D. Farkas. He
continued, “Greece was recently rated near the bottom of the EU
list for electric vehicle preparedness. This was primarily due to
its lack of charging infrastructure and we are excited to work
within this JV to build the charging infrastructure and expand the
availability of charging ports in Greece.”
“We welcome Blink Charging in Greece as well as
the joint venture (JV) for Europe. Our aim is the expansion of the
technology of Blink all over Europe starting from Greece and
innovating in such way that the entire Greek Blink Charging Network
will be powered by Green Energy produced by the EUNICE ENERGY GROUP
(EEG) with a guarantee of origin G.O.” stated EEG’s Founder and
Executive Chairman George I. Kalavrouziotis.
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.
Media Contact:Todd Baker, Vice President of
MarketingPR@BlinkCharging.com
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