Welcome to our dedicated page for Beam Global news (Ticker: BEEM), a resource for investors and traders seeking the latest updates and insights on Beam Global stock.
Beam Global (BEEM) is a leader in sustainable infrastructure solutions, specializing in off-grid EV charging systems and renewable energy technologies. This page aggregates official company announcements, providing stakeholders with timely updates on product innovations, strategic partnerships, and operational milestones.
Investors and industry observers will find curated press releases covering EV ARC deployments, Solar Treeline installations, and financial performance updates. Our collection focuses on verified developments in clean transportation infrastructure and energy security solutions without speculative commentary.
Content spans regulatory updates, technology patents, and disaster response initiatives that demonstrate BEEM's unique market position. Bookmark this page for efficient tracking of the company's progress in advancing grid-independent power solutions for commercial and government applications.
Beam Global (Nasdaq: BEEM, BEEMW) has secured an $847k order for its energy storage solutions designed for recreational watercraft. This order signifies the growing demand in the electric marine sector, projected to increase over 330% in the next decade. The advanced battery packs feature Beam's patented PCC™ thermal management technology, enhancing safety and energy density. The electric watercraft market is expected to grow from $5.65 billion in 2022 to $19 billion by 2032, driven by environmental concerns and stricter government regulations. Beam Global aims to lead in clean mobility solutions for various sectors.
Beam Global (Nasdaq: BEEM, BEEMW) has announced the issuance of new patents in China and India for its innovative battery safety technology. The patents, related to Beam's smart battery management system, enhance the safety of battery packs by monitoring thermal storage capacity and adjusting power output accordingly. Beam's CEO emphasized the company's commitment to battery safety and its ongoing efforts to protect intellectual property as it explores international expansion. The global market for vehicle electrification is projected to grow significantly, with sales of electric cars increasing 75% in early 2022 compared to the previous year.
Beam Global (Nasdaq: BEEM, BEEMW) has secured a $500,000 order from Dallas County, Texas, for six off-grid EV ARC™ EV charging systems. These systems, procured under the GSA Multiple Award Schedule, enable fast deployment for EV charging and disaster preparedness. Each unit can charge two vehicles simultaneously and can be equipped with emergency power capabilities. Beam's CEO highlighted the increasing demand for energy-resilient charging solutions in light of frequent grid outages, showcasing the company's commitment to sustainable technology in the EV charging space.
Beam Global, a leader in sustainable products for electric vehicle charging, will participate in the 25th Annual Needham Growth Conference from January 10-12, 2023, at the Lotte Hotel, New York. CEO Desmond Wheatley is scheduled for a group presentation on January 12 from 3:45-4:25 PM ET. The presentation will be livestreamed and available for replay on Beam's investor relations website. Attendees can arrange one-on-one meetings with Wheatley through their Needham representatives or Beam's Investor Relations team.
Beam Global (Nasdaq: BEEM, BEEMW) reported a record $6.6 million in contract extension orders for 2022, marking a year-over-year increase of over 4000%. This achievement is attributed to the expanded California DGS contract and federal GSA contract, allowing government entities across all 50 states to procure EV charging infrastructure efficiently. The company emphasizes the rising demand for its solar-powered EV ARC systems, which provide disaster preparedness and can operate independently of the grid. CEO Desmond Wheatley expressed optimism for continued growth in 2023.
Beam Global (BEEM, BEEMW) has achieved a record number of EV ARC™ charging system deployments in November 2022, surpassing all previous monthly figures. The company is increasing its deployment capabilities with the introduction of the ARC Mobility™ trailer for quicker setups. Recent upgrades have enhanced fabrication and assembly, facilitating greater production. The acquisition of AllCell Technologies aims to stabilize the battery supply chain essential for Beam's offerings. CEO Desmond Wheatley noted that sales are at an all-time high, driven by the urgent demand for off-grid EV charging infrastructure.
Beam Global (Nasdaq: BEEM, BEEMW) announced that the City of San Diego has placed an additional order for multiple EV ARC™ sustainable charging systems and an ARC Mobility™ trailer. These solar-powered systems can charge five electric vehicles simultaneously and are designed for rapid deployment without construction or electrical work. The order follows a successful year of testing, as Beam continues to expand its market presence with similar orders from other municipalities, including a recent $5.3 million reorder from New York City. CEO Desmond Wheatley emphasized the cost-saving and resiliency benefits of these solutions.
Beam Global (Nasdaq: BEEM, BEEMW) announced Puerto Rico's deployment of its EV ARC™ off-grid EV charging systems, funded by the U.S. Department of Homeland Security. This initiative aims to enhance disaster preparedness and energy resiliency with 100% solar-powered, off-grid charging solutions for government fleet vehicles. The EV ARC™ systems can be rapidly deployed, operate during blackouts, and are flood-proof and wind-rated for extreme conditions. The GSA contract streamlines procurement, allowing various government entities to utilize these systems for disaster recovery.
Beam Global (BEEM, BEEMW) announced an order from the General Services Administration (GSA) for 140 EV ARC™ off-grid charging systems for the U.S. Department of Veterans Affairs (VA). These systems will be deployed at 34 locations across 12 states, supporting VA's transition to a zero-emission fleet in line with Executive Order 14057. The EV ARC™ systems provide renewable energy charging and can power vital equipment during outages. Beam anticipates continued growth in federal sector sales as sustainability initiatives gain traction.
Beam Global (Nasdaq: BEEM, BEEMW) announced that TechFlow Inc. selected its EV ARC™ systems for a 367-unit project awarded by the U.S. Army Material Command. These charging systems will be deployed across 50 locations in 28 states and Puerto Rico, aligning with the federal goal of achieving a 100% zero-emission vehicle fleet by 2035. Each EV ARC™ unit creates and stores its own renewable energy, enabling off-grid charging. This initiative aims to enhance EV infrastructure for the federal fleet, which has seen a significant increase in electric vehicle acquisitions.
