Blink Charging Co. - BLNK STOCK NEWS

Blink Charging (NASDAQ: BLNK), a global leader in EV charging solutions, has announced that Michael Battaglia, Chief Operating Officer and CEO Elect, will deliver a presentation at the 27th Annual Needham Growth Conference. The presentation is scheduled for Tuesday, January 14 at 3:00 pm ET in New York City.

Battaglia will be available for one-on-one meetings with investors during the conference. The company has provided access to the virtual presentation for interested investors who cannot attend in person.

Blink Charging (NASDAQ: BLNK) has appointed Martha J. Crawford, PhD to its Board of Directors effective December 12, 2024. Dr. Crawford brings over 30 years of expertise in strategic growth, private equity, low-carbon energy, and environmental infrastructure. She previously served as a C-suite executive at Areva and Air Liquide, leading R&D operations in renewable and nuclear energies.

Dr. Crawford has board experience with Suez, Altran, and Ipsen Pharmaceuticals, and has taught at Harvard Business School, developing courses on energy transformation and corporate accountability. As an Operating Partner with Macquarie Asset Management and Partners Group, she specialized in scaling infrastructure assets in green energy and environmental services.

Blink Charging UK has secured a three-year contract with Kings College NHS Trust to install and manage 41 EV chargers at Princess Royal University Hospital. Starting May 2025, the project includes installing 35 ground-floor and 6 first-floor vehicle-to-grid chargers, along with 21 contactless payment terminals. The installation is part of Kings' Green Plan to achieve Net Zero healthcare services. Blink UK won the contract against 20 competitors through the Crown Commercial Framework, marking its 14th NHS Trust contract and positioning it as one of the UK's leading NHS EV charging providers.

Blink Charging UK has entered the next phase of collaboration with Norfolk County Council to expand EV charging infrastructure in Norwich. The project will add 22 new charging stations across 12 locations by February, bringing the total to 46 stations in the area. Currently, 24 Blink EV chargers have been installed, with 19 operational stations contributing to 3,086 kWh of power usage, equivalent to 10,801 miles and 2,607,372 Kg of CO2 savings.

The expansion includes installation of 22kW fast chargers and 50-100kW rapid chargers in residential areas, particularly targeting residents without private driveways or off-street parking. The initiative supports the Council's broader plan to increase EV adoption and reduce emissions in the region.

Blink Charging (NASDAQ: BLNK) has secured a significant agreement with Power Design to provide 429 EV charging stations with 723 total plugs across multiple projects nationwide. The installations will primarily serve luxury multifamily apartments and condominiums. Power Design, one of the nation's largest design-build multi-trade contractors, will initially own the charging stations, with ownership transferring to property owners/managers upon installation.

This agreement builds upon a decade-long collaboration between the two companies, with Power Design establishing itself as a leading EV charger installer over the past five years. The partnership aims to enhance EV charging accessibility in residential communities, addressing the growing demand for convenient charging solutions where people live.

Blink Charging (NASDAQ: BLNK) has partnered with Minor Hotels Europe & Americas to install EV charging stations at four NH Hotel locations in Mexico: NH Puebla Centro Histórico, NH Puebla FINSA, NH Querétaro, and NH San Luis Potosí. The initiative, featuring Blink's IQ200 chargers with RFID and app payment options, supports NH Hotels' 'UP for Planet' sustainability program. Under the 'Blink Owned' model, Blink will manage the complete lifecycle of charging stations, from installation to maintenance, enhancing sustainable service offerings while providing convenient charging solutions for hotel guests and visitors.

Blink Charging (NASDAQ: BLNK) has completed the installation of 53 EV charging stations across 12 Tower Management locations in New Jersey. The initiative, supported by the NJ DEP's 'It Pay$ to Plug In' program and additional Volkswagen funding, features Blink's Series 8 Level 2 EV Charging Stations with cloud-based network management. Tower Management aims to enhance sustainable amenities for residents while addressing growing EV infrastructure needs. Blink will manage the entire lifecycle of the charging stations, including installation, operation, and maintenance.

Blink Charging (NASDAQ: BLNK) has announced a strategic roaming agreement with ChargeHub, North America's leading EV roaming hub. The collaboration enables Blink's public EV chargers to be visible and accessible to ChargeHub's network of e-mobility service providers and charge point operators. ChargeHub's Passport app, serving over a million users, can now activate Blink chargers, offering drivers a streamlined payment process through a single account. ChargeHub reports over 150 active roaming connections covering more than two-thirds of networked chargers in the U.S. and Canada. As the third-largest EV charging network in the U.S., Blink's integration aims to enhance charging accessibility and user experience across North America.

Blink Charging reported Q3 2024 total revenues of $25.2 million, down 41.9% from Q3 2023. Service revenues increased 30% to $8.8 million, while product revenues decreased 61.6% to $13.4 million. The company achieved an industry-leading gross margin of 36% in Q3 2024. Operating expenses decreased 21% to $97.3 million compared to Q3 2023. The company has revised its full-year 2024 revenue target to between $125-135 million and expects to achieve positive adjusted EBITDA in H2 2025. Blink surpassed 105,000 chargers contracted, deployed or sold globally since inception.