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Beam Global (NASDAQ: BEEM), headquartered in San Diego, is a sustainable technology innovation company specializing in renewably energized products for electric vehicle (EV) charging, outdoor media, and energy security. The company’s core offerings are built on its patented EV ARC™ and Solar Tree® product lines, which are further enhanced with technologies like BeamTrak™ solar tracking, ARC Technology™ energy storage, and SunCharge™ EV charging stations. These solutions are designed to eliminate the need for grid-tied infrastructure, thereby reducing costs and construction disruptions. Notably, Beam Global has recently been granted Patent No. US 11,912,144 B2 by the U.S. Patent Office for its wireless/inductive EV ARC™, which enables EVs to charge wirelessly without the need to plug in a charging cable.
Beam Global is actively involved in several groundbreaking projects and has achieved significant milestones. The company’s products are not only convenient but also essential in disaster preparedness, as they can provide vital electricity during emergencies. The Federal Government has recognized the value of Beam's solutions, evidenced by the deployment of EV ARC™ systems, which reduce costs through avoided construction and operational disruptions.
The company’s financial condition is robust, with record revenues reported in 2023 and continued growth into 2024. Beam Global recently expanded into Europe through the acquisition of Amiga DOO, marking a significant geographic expansion. This move has already resulted in substantial contract awards, including a major order from the British Army.
Beam Global’s operations are spread across the U.S. and Europe, with facilities in Chicago, Belgrade, and Kraljevo. The company is focused on scaling up its EV charging solutions, energy storage, and vital energy security products. With a strong patent portfolio and ongoing innovations, Beam Global is well-positioned to lead in the clean technology sector.
For more information, visit BeamForAll.com, and follow the company on LinkedIn, YouTube, and X (formerly Twitter).
DENSO has installed five EV ARC™ solar-powered charging systems from Beam Global (Nasdaq: BEEM) at its Maryville, Tennessee location, available to employees with electric and hybrid vehicles. These systems generate and store clean electricity, contributing to DENSO's goal of carbon neutrality by 2035. The initiative aligns with DENSO's transformation of its facility into a manufacturing hub for electrification and safety systems. Beam Global's technology aids in minimizing environmental impacts, supporting a sustainable future for both the company and local communities.
Beam Global has secured a $2.4 million order from SparkCharge for its Beam AllCell™ battery storage products, following the recent acquisition of AllCell Technologies on March 4, 2022. The order consists of two purchase orders, one for approximately $1.9 million and the other for around $500,000. CEO Desmond Wheatley emphasized that the acquisition aims to enhance technology, cut costs, and diversify revenue streams. Beam's AllCell™ technology is tailored for high power applications in compact spaces, supporting various electric vehicle and micro-mobility solutions.
Beam Global (Nasdaq: BEEM, BEEMW) has finalized an all-stock acquisition of AllCell Technologies, enhancing its position in energy storage for electric vehicle (EV) charging. This deal is expected to diversify revenues, reduce costs, and accelerate product development cycles. The integration aims to improve Beam's foundational intellectual property and secure a vital battery supply chain, ultimately fostering a competitive edge in the green economy. CEO Desmond Wheatley highlights a strong cultural fit between the teams and anticipates significant benefits from the transaction.
Beam Global has announced its strategic acquisition of AllCell Technologies to enhance revenue, gross profitability, and manufacturing capabilities. The all-stock transaction, expected to close on March 1, 2022, will significantly reduce cost of goods sold (COGS) and secure Beam's battery supply chain. The acquisition aims to accelerate product development and expand customer segments in the green economy. AllCell, a leader in energy storage solutions, will contribute advanced battery technology, further solidifying Beam's position in EV charging and sustainable technology.
Beam Global, a leader in sustainable technology for electric vehicle (EV) charging, will have CEO Desmond Wheatley present at the Aegis Capital Corp. Virtual Conference on February 23, 2022. The presentation will run from 1-1:25 PM EST and be available from February 23-25, 2022. Beam's EV ARC™ solar-powered charging systems offer significant advantages by generating their own clean electricity, eliminating the need for utility grid connections, and providing rapid deployment and relocation options. For details about the event and products, visit BeamForAll.com.
Beam Global (Nasdaq: BEEM, BEEMW) showcased its EV ARC™ sustainable EV charging systems during a recent event hosted by the City of Los Angeles. The demonstration, attended by Mayor Garcetti and other officials, highlighted how the EV ARC™ systems powered new hybrid street sweepers without relying on grid connections. These systems align with LA's Green New Deal to achieve 100% net zero emissions by 2050. The EV ARC™ systems offer emergency power capabilities during outages, enhancing the city’s energy resilience.
Beam Global (Nasdaq: BEEM, BEEMW) announced the demonstration of its EV ARC™ sustainable EV charging systems in Los Angeles on February 15, 2022. The event marked the inauguration of the City’s Center for Green Innovation and showcased the systems' capability to power plug-in hybrid street sweepers without relying on the grid. The EV ARC™ system aligns with LA’s Green New Deal to achieve 100% net zero emissions by 2050. The deployment will incur no electrical upgrade or construction costs, enhancing energy resiliency during emergencies.
Beam Global (Nasdaq: BEEM, BEEMW) announced the deployment of two solar-powered EV ARC™ charging systems in Lompoc, California. These systems, funded in part by the Santa Barbara County Air Pollution Control District, enable public access for up to four EVs without grid connection, ensuring rapid deployment and cost savings. The deployment aligns with California's $10 billion zero-emission vehicle initiative, promoting renewable energy and reduced reliance on fossil fuels. Beam Global emphasizes its leadership in sustainable EV charging solutions.
Beam Global announces its participation in Project Vesta, an innovative initiative aimed at enhancing wildfire control through advanced technologies. The project will leverage Beam's EV ARC™ off-grid solar-powered system, enabling autonomous vehicles to combat wildfires effectively. Scheduled for February 14-18, 2022, at Camp Roberts, CA, the initiative promotes collaboration between public and private sectors to enhance fire surveillance and response. As wildfires escalate in severity, Beam's technology promises a sustainable approach to energy provision for firefighting efforts, aiming to safeguard communities and natural resources.
Beam Global (BEEM, BEEMW) reported a significant 62% increase in EV ARC™ system shipments for 2021, setting a record with strong demand from government and corporate sectors. The company enters 2022 with a robust backlog, anticipating further growth driven by $7.5B federal and $6B California EV-related funding. Beam achieved unprecedented quarterly growth, with a 123% increase in Q3 deliveries. Major contracts include a 52-unit order from California and a 21-unit sale to the U.S. Marine Corps. The company aims for accelerated EV charging infrastructure deployment amidst rising consumer demand.
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