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 (Nasdaq: BEEM, BEEMW) announced an order from The Confederated Tribes of Grand Ronde, marking its first Native Nation customer. This order will facilitate electric vehicle (EV) charging for community members and employees in Oregon. The EV ARC™ systems are solar-powered, off-grid solutions that require no construction or electrical work, providing a sustainable and efficient alternative for charging EVs. The installation promises to deliver clean energy, with dual plugs available for simultaneous charging and emergency power options during outages.
Beam Global, listed on Nasdaq under BEEM and BEEMW, has launched the ARC Mobility™ trailer, designed for transporting off-grid EV ARC™ solar-powered charging systems. This innovation allows for rapid relocation of EV charging infrastructure, which is crucial for adapting to changing demand. The trailer, manufactured in San Diego, features a durable design with safety enhancements, making it easier for customers to deploy their charging solutions. Beam reports an increase in both repeat and first-time multi-unit orders, indicating growing interest in their sustainable charging technology.
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.
FAQ
What is the current stock price of Beam Global (BEEM)?
What is the market cap of Beam Global (BEEM)?
What does Beam Global specialize in?
What are Beam Global’s core products?
Has Beam Global received any recent patents?
Where is Beam Global headquartered?
What recent achievements has Beam Global made?
How does Beam Global’s technology benefit during disasters?
Where can I find more information about Beam Global?
What is the significance of Beam Global’s EV ARC™ products?
What are the financial highlights of Beam Global for 2023?
What are Beam Global’s future plans?
