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 (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).
Beam Global has been added to the FTSE Russell Microcap Index, marking a significant milestone since its Nasdaq listing over two years ago. CEO Desmond Wheatley highlighted this inclusion as a validation of the company's work, emphasizing its strong product offerings and successful sales strategy. The Russell Microcap Index serves as a comprehensive barometer for microcap companies trading on national exchanges, ensuring that only those meeting quality capitalization criteria are included. Beam Global specializes in sustainable technology for electric vehicle charging, outdoor media, and energy security.
Beam Global (Nasdaq: BEEM, BEEMW) has deployed two EV ARC™ solar-powered charging systems in Hawaii, aimed at charging utility fleet electric vehicles. These units are designed to function during emergencies and can generate and store electricity, ensuring charging even in inclement weather. The systems are wind-rated for 120 mph and flood-proof to 9.5 feet. CEO Desmond Wheatley highlighted the significance of reducing reliance on imported fuels and enhancing energy resilience in island environments. Additionally, Hawaii's sustainability plans align with Beam's innovative solutions for renewable energy.
Beam Global, a leader in sustainable technology for EV charging, announced the deployment of its EV ARC™ solar-powered charging systems by Construction Art in South Carolina. These systems, designed for Eco Tourism Destinations, generate their own electricity and are resistance-rated for severe weather. Each unit features multiple charging capabilities for different types of EVs. Beam's offerings support zero-emission transportation while minimizing environmental impact. The CEO emphasized the growing demand for renewable energy solutions in commercial properties, enhancing their appeal in a competitive market.
Beam Global will present at the LD Micro Invitational XI on June 8, 2021, at 2:30 PM ET. Recognized as a Top 50 Hall of Fame company, Beam has been selected from over 2000 firms attending the event. CEO Desmond Wheatley will showcase the company's sustainable technology for electric vehicle (EV) charging and energy security. The conference runs from June 8-10, 2021, featuring around 180 companies and keynotes.
Beam's unique solutions are positioned to meet the growing demand in the EV industry, notably with the launch of vehicles like the electric Ford F150 Lightning.
Beam Global (Nasdaq: BEEM, BEEMW) reported a 4% increase in Q1 2021 revenues to $1.37 million, up from $1.32 million year-over-year. The company achieved a record backlog exceeding $5 million and operating capital of $30 million, with no debt.
Significant orders include the California DGS's purchase of 52 EV ARC™ systems and collaborations with Federal agencies. Despite a net loss of $1.25 million, Beam anticipates growing demand for EV charging infrastructure, bolstered by a strong pipeline and expected increases in government spending.
Beam Global, a leader in sustainable technology for EV charging, announced the upcoming release of its Fiscal First Quarter 2021 financial results on May 24, 2021, after market close. A conference call will take place at 4:30 p.m. ET to discuss the results and provide corporate updates. Beam Global's innovative products include the EV ARC™ and Solar Tree® with patented technologies aimed at efficient energy usage. The company is listed on Nasdaq under symbols BEEM and BEEMW, emphasizing its commitment to Made in America solutions.
Beam Global has secured a $4 million order from the California Department of General Services for 52 EV ARC™ solar-powered EV charging systems. This investment aims to bolster energy resilience and disaster preparedness for 12 state agencies. The off-grid systems provide clean power and can function during emergencies. Funded by a California Governor's Office grant, the systems will be delivered within 90 days. CEO Desmond Wheatley noted the order reflects a growing demand for grid-independent EV charging infrastructure. This marks the largest single order in Beam's history, highlighting its expanding role in sustainable energy solutions.
Beam Global (Nasdaq: BEEM, BEEMW) announced the postponement of its Fiscal First Quarter 2021 financial results conference call, initially set for May 13, 2021. This delay is due to the company's independent auditors needing more time to finalize the Quarterly Report on Form 10-Q for the quarter ending March 31, 2021. Beam Global specializes in sustainable technology for electric vehicle (EV) charging and energy solutions, offering products like the EV ARC™ and Solar Tree®.
Beam Global has partnered with a leading entertainment franchise to deploy its EV ARC™ solar-powered EV charging system, providing sustainable energy solutions for film production sites. This innovative system replaces traditional generators, offering clean energy without construction or utility costs. CEO Desmond Wheatley anticipates growth in sustainable film solutions, especially following the Sustainable Production Alliance's carbon emissions report. Beam Global aims to enhance environmental impact in entertainment while promoting its patented technologies, all manufactured in the USA.
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