Beam Global Delivers 23 EV ARC™ Charging Systems to Federally Funded Research and Development Centers

Rhea-AI Summary

Beam Global (Nasdaq: BEEM, BEEMW) has successfully delivered 23 EV ARC™ systems to Federally Funded Research and Development Centers via the GSA Multiple Award Schedule Contract. These solar-powered systems, designed for rapid deployment without grid connection, serve five Department of Energy National Laboratories, significantly reducing utility costs for government budgets. CEO Desmond Wheatley highlighted the urgency of EV infrastructure, emphasizing the federal fleet's transition to electric vehicles due to President Biden’s Federal Sustainability Plan targeting zero-emissions by 2035.

Positive

• Delivery of 23 EV ARC™ systems expands Beam Global's presence in federal procurement.
• Products support the DOE's transition to EV infrastructure, aligning with federal sustainability goals.
• Solar-powered systems offer cost savings and rapid deployment capabilities.

Negative

• None.

SAN DIEGO, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced that another 23 EV ARC™ systems have been delivered to Federally Funded Research and Development Centers. The latest systems were purchased using the General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 which simplifies the federal procurement process and ensures best pricing.

American made EV ARC™ products have been deployed at five Department of Energy (DOE) National Laboratories including Lawrence Livermore National Laboratory, Sandia National Laboratories in Albuquerque, Sandia National Laboratories in Livermore, National Renewable Energy Laboratory and Idaho National Laboratory. Requiring no connection to the utility grid, Beam Global products are rapidly deployed with no construction, no electrical work and no utility bill to deliver significant long-term savings to government budgets.

“We are delighted to fulfill more deliveries to Federally Funded institutions as the sense of priority and urgency around EV charging infrastructure and energy resiliency moves to the forefront,” said Beam Global CEO, Desmond Wheatley. “The U.S. Federal Government has the largest fleet in the world, and we believe will become the largest operator of electric fleets in the future. Our solar-powered off-grid EV ARC systems are the fastest deployed permanent yet transportable EV charging solution on the market and they deliver a layer of resiliency that you can’t get from the centralized grid. We believe that these orders are indicative of our growing role in the significant infrastructure build out that is ramping now through 2035.”

The federal fleet is comprised of approximately 657,500 vehicles. President Biden’s Executive Order 14057 with its accompanying Federal Sustainability Plan calls for 100% zero-emission vehicle acquisitions by 2035, including 100% light-duty acquisitions by 2027. This is prioritizing and accelerating a Federal Clean Electricity and Vehicle Procurement Strategy, calling for clean and zero emissions vehicles (ZEVs) for federal, state, local and tribal government fleets, including vehicles of the United States Postal Service.

Beam products are procured through the General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 which simplifies the federal procurement process and ensures best pricing. For more information on purchasing Beam’s EV ARC™ ready-to-deploy sustainable EV charging solutions through the GSA MAS Contract, please contact The Beam Team at 858-799-4583 or BeamTeam@BeamForAll.com.

About Beam Global

Beam Global is a clean technology leader providing innovative, sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media. Core platforms include Beam EV ARC™ and Solar Tree® sustainable EV charging systems, Beam AllCell™ high-performance energy storage solutions, energy resiliency and disaster preparedness products and a deep patent library.

Beam EV ARC™ EV charging infrastructure systems support any quality brand EV charging service equipment, and Beam AllCell™ battery solutions power micro-mobility, terrestrial EVs, aviation, maritime and recreational vehicles as well as stationery and energy-security platforms.

Beam develops, patents, designs, engineers and manufactures unique and advanced clean mobility solutions that protect the environment, save customers time and money, empower communities and keep people moving. Based in San Diego and Chicago, the company produces Made-in-America products with the mission to Lead the World to Clean Mobility. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW. For more information visit BeamForAll.com, LinkedIn, YouTube and Twitter.

Forward-Looking Statements

This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations, including, but not limited to the following statements: statements regarding the proposed acquisition, its expected benefits, the acquisition’s anticipated timing, and the anticipated future financial performance as a result of the acquisition. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global's actual results to be materially different from these forward-looking statements. There can be no assurances that the proposed acquisition of AllCell will be completed. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

Media Contact:
Next PR
+1 813-526-1195
Press@BeamForAll.com

Investor Relations:
Kathy McDermott
IR@BeamForAll.com
+1 858-799-4583

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1822e1d7-bf6e-4f5e-bceb-46a92aef65a8

FAQ

What recent delivery did Beam Global complete for federal centers?

Beam Global delivered 23 EV ARC™ systems to Federally Funded Research and Development Centers.

How does Beam Global's EV ARC™ system benefit federal budgets?

The EV ARC™ systems require no grid connection, allowing significant utility cost savings for governmental budgets.

What is the significance of the federal fleet for Beam Global?

The federal fleet, comprising 657,500 vehicles, presents a substantial market opportunity as it transitions to 100% zero-emission vehicles by 2035.

What contract facilitated the recent procurement of Beam Global's EV systems?

The systems were procured using the GSA Multiple Award Schedule Contract, simplifying the federal procurement process.

What are the goals of President Biden's Federal Sustainability Plan?

The plan calls for 100% zero-emission vehicle acquisitions by 2035 and 100% light-duty acquisitions by 2027.