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About Beam Global (Nasdaq: BEEMW)
Beam Global is a pioneering clean technology company headquartered in San Diego, California, specializing in the development and manufacturing of sustainable infrastructure solutions at the intersection of clean energy and transportation. The company’s core offerings include off-grid, solar-powered electric vehicle (EV) charging systems, energy storage solutions, and energy security technologies. Beam Global’s products are designed to address critical challenges in the electrification of transportation, renewable energy adoption, and disaster preparedness.
Core Products and Technologies
Beam Global’s flagship products, the EV ARC™ and Solar Tree® systems, are patented solar-powered EV charging solutions that operate independently of the electrical grid. These systems generate and store clean electricity, enabling EV charging in locations without utility connections. Key features include:
- Off-Grid Operation: Eliminates the need for costly electrical work, construction, and utility bills.
- Rapid Deployment: Systems can be installed in hours, fitting seamlessly into standard parking spaces.
- Energy Resiliency: Provides reliable power during blackouts and natural disasters, with optional Emergency Power Panels for critical electricity needs.
- Patented Innovations: Technologies such as EnvisionTrak™ solar tracking and wireless charging capabilities enhance efficiency and user experience.
These systems are particularly well-suited for government fleets, commercial organizations, and public charging applications, offering scalable and sustainable solutions for the growing EV market.
Market Position and Expansion
Operating at the nexus of clean energy and transportation, Beam Global is strategically positioned to capitalize on global trends toward electrification and renewable energy adoption. The company has expanded its operations to include facilities in the U.S. (San Diego and Chicago) and Europe (Belgrade and Kraljevo). Its recent acquisition of Amiga and the creation of Beam Europe underscore its commitment to international growth, particularly in the European market, which is the largest for EVs globally.
Beam Global’s inclusion in government procurement programs, such as the UK’s Crown Commercial Service and the U.S. federal GSA schedule, highlights its credibility and competitiveness in the public sector. The company’s products have been deployed by entities ranging from municipal governments to military organizations, demonstrating their versatility and reliability.
Competitive Advantages
Beam Global differentiates itself through its innovative approach to EV charging infrastructure. Unlike traditional grid-tied solutions, its off-grid systems offer:
- Cost Savings: Avoids expenses related to construction, electrical upgrades, and ongoing utility bills.
- Resilience: Continues to operate during power outages and in remote locations.
- Sustainability: Powered entirely by renewable energy, reducing carbon footprints.
These features make Beam Global’s products particularly attractive in regions prone to natural disasters or with limited grid connectivity.
Opportunities and Challenges
As governments and organizations worldwide commit to net-zero emissions and the electrification of transportation, Beam Global is well-positioned to benefit from increased demand for EV charging infrastructure. However, challenges include competition from grid-tied solutions, the capital-intensive nature of scaling production, and the need to continually innovate to maintain its competitive edge.
Conclusion
Beam Global represents a compelling player in the clean technology sector, offering innovative solutions that address critical challenges in energy resiliency, sustainability, and transportation electrification. With a robust patent portfolio, a growing international presence, and a focus on scalable, off-grid technologies, the company is poised to play a significant role in the transition to a more sustainable future.
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.
Beam Global (Nasdaq: BEEM, BEEMW) announces a fifth order for its EV ARC™ systems from a federal customer, utilizing the GSA Multiple Award Schedule Contract. This marks a significant step in government procurement processes, indicating increased federal investments in electric vehicle infrastructure. The company expects to benefit from rising government initiatives, including President Biden's proposed $174 billion investment in the EV market. Beam Global's products are designed for quick deployment and sustainability, enhancing the company’s competitive edge in the growing EV market.
Beam Global (Nasdaq: BEEM, BEEMW) is set to report its Fiscal First Quarter 2021 financial results on May 13, 2021, after market close. Management will host a conference call at 4:30 p.m. ET to discuss the results and corporate developments. The company specializes in sustainable technology for electric vehicle (EV) charging and outdoor media, including products like the EV ARC™ and Solar Tree®. Beam Global aims to provide innovative, grid-independent solutions that contribute to environmental sustainability.
Beam Global announced the deployment of two EV ARC™ solar-powered charging systems by the City of San Diego to support its fleet of electric vehicles. This initiative aligns with San Diego's Climate Action Plan aiming for 90% zero-emission vehicles by 2035. The EV ARC systems offer scalable and resilient infrastructure, powered entirely by renewable energy, cutting installation costs and time. Mayor Todd Gloria emphasized the program's role in reducing emissions and saving taxpayer dollars. The partnership enhances the city's commitment to sustainable transportation.
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