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Blink Charging selected as official electric vehicle

Blink has been chosen as one of the EV charging providers designated to provide comprehensive charging infrastructure and support a more sustainable future for the state.

Bowie, Maryland, May 14, 2024 (GLOBE NEWSWIRE) — Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, announced that it has been awarded a contract as one of the official EV charging providers for New York State. The agreement sets the stage for Blink Charging and New York to electrify state and municipal fleets and public charging solutions for employees, residents and visitors.

As part of the contract, Blink is now one of several contractors available for the OGS award that can offer the state its advanced electric vehicle charging stations, including Level 2 and DC fast chargers. In addition, Blink will provide related services such as site assessment and preparation, installation, maintenance, repair, parts and supplies, warranties and product training.

In addition, the contract appoints Blink as one of the providers of EV charging network services related to EV management, including monitoring, reporting, billing and support. This also includes the integration of third-party fleet and building management systems for energy management, as well as other EV-related software and technology.

“New York State and Blink are committed to leading the electrification of transportation together,” said Jim Nemec, Chief Revenue Officer at Blink Charging. “As we focus on providing holistic, targeted charging options for EV drivers in New York State and around the world, we will continue to lay the foundation for an electric revolution. It’s worth playing a direct role in reducing emissions while improving the experience of EV drivers in New York. We are grateful for the state’s trust and our shared vision.”

The full agreement (Award #23251) can be viewed here: online.ogs.ny.gov/purchase/spg/awards/4040423251CAN.HTM

The agreement comes after Blink’s strongest financial quarters in the company’s history, along with the recent grand opening of the company’s new state-of-the-art manufacturing facility and global headquarters in Bowie, Maryland.

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About flashing charging

Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, making it easy for drivers, lessors and fleets to transition to electric transportation through innovative charging solutions. Blink’s key products and services include Blink’s 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 their associated charging data. Blink has established key strategic partnerships to roll out adoption across many location types, including parking facilities, multi-family homes and apartments, workplace locations, healthcare/medical facilities, schools and universities, airports, auto dealerships, hotels, mixed-use municipal sites, parks and recreation areas , religious institutions, restaurants, shops, stadiums, supermarkets and transport hubs.

For more information please visit https://blinkladen.com/

Forward-Looking Statements

This press release contains forward-looking statements as defined in 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 similar terms involve risks and uncertainties because they relate to events and depend on circumstances that will arise in the future. These statements include statements about the intent, beliefs or current expectations of Blink and members of its management, as well as the assumptions on which such statements are based. Potential investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the achievement of 2024 revenue and gross margin targets and expected 2024 adjusted EBITDA run rate, and the risk factors described in Blink’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 laws, Blink Charging assumes no obligation to update or revise any forward-looking statements to reflect changed circumstances.

Blink media contact
Nipunika Coe
[email protected]
305-521-0200 ext. 266

Blink Investor Relations Contact
Vitalie Stelea
[email protected]
305-521-0200 ext. 446