Belgium Electric Vehicle Charging Pioneer Blue Corner Announces It Is Now Blink Charging Offering Expanded Global Charging Solutions

Rhea-AI Summary

Blink Charging announces that its subsidiary, Blue Corner, has been rebranded as Blink Charging, allowing for further expansion in Europe. The acquisition of Blue Corner in 2021 provided Blink Charging with a significant infrastructure footprint in Belgium, and the rebranding will make EV charging more accessible in the region. Customers and clients will benefit from Blink Charging's global experience and assets, as well as its well-established systems and advanced network capability.

Positive

• Blink Charging's acquisition of Blue Corner allows for further expansion in Europe
• Rebranding as Blink Charging will make EV charging more accessible in Belgium
• Customers and clients will benefit from Blink Charging's global experience and assets
• Blink Charging has well-established systems and an advanced network capability

Negative

• None.

Following its acquisition in 2021, Blue Corner is now operating as Blink Charging, positioning the Company for further expansion in Europe.

MIAMI BEACH, Fla. & ANTWERP, Belgium, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Blink Charging Co. (Nasdaq: BLNK) (“Company”), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, today announced that its wholly-owned subsidiary, Blue Corner, is now Blink Charging, bringing the Company’s global experience and EV charging expertise to Belgium.

Blue Corner, first established in 2011 as a Belgian pioneering start-up in the freshly minted EV industry, grew into the leading platform for EV charging devices in Belgium. In 2021, the company was acquired by Blink Charging as part of Blink’s broader strategic international expansion plans that allowed the Company a significant infrastructure footprint in the region. The acquisition builds on the multi-lingual expertise of the Blue Corner team and the unique know-how of its European R&D team. Belgium is officially tri-lingual (Dutch, French and German) with English as a fourth adopted language of business.

“As the EV market continues to grow throughout Europe, the acquisition and rebranding of Blue Corner was a strategic move to build a stronger and more rapid presence in the region, tapping into the strong global experience and assets while also making EV charging more accessible,” said Brendan Jones, President and CEO for Blink Charging. “Blink Charging is focused on developing the market and providing the needed infrastructure to meet the demands of businesses and drivers with advanced state-of-the-art EV charging solutions.”

Now operating as Blink Charging, customers and clients will benefit from the vast experience of Blink Charging along with its sizable team to support the scale of the business. Blink has well established and proven systems along with an advanced network capability, refined over a long period with a substantial volume of transactions, delivering the certainty and reliability that customers and clients need. 

Miko de Haan, President Blink Europe and Emerging Markets commented, “the decision to replace the Blue Corner brand and its branded products as Blink Charging, reflects a core value—global collaboration—that the Company has been emphasizing for the past 10 years. The move firmly attaches our global portfolio of EV chargers, payment platform, and unique services to Blink Charging, as a leading powerhouse in the EV charging industry.”

This system's capability extends beyond the network into financial and other operational areas. As an original equipment manufacturer, Blink Charging can offer R&D-refined, specialist equipment that perfectly meets the requirements different charging situations demand. This helps overcome shortfalls of being entirely dependent on third party equipment supply and allows for wider margins and pricing flexibility while creating opportunities for further R&D in response to market demands

“We are proud and excited to be part of the Blink Charging family and look forward to the benefits of being part of an established, proven system and network that have been refined over its many years leading the industry,” said Olivier Van Schap, Managing Director for Blink Charging Belgium. “As we migrate our customers to a new integrated global catalogue of EV products and services, we are confident they will benefit from being part of a global industry leader with a strong local footprint. Serving our customers with smart and sustainable EV products and services is our daily focus wherever they are.”

Mr. Van Schap will continue to lead the management team in Belgium as they continue under the Blink Charging corporate brand.

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About Blink Charging

Blink Charging Co. (Nasdaq: BLNK), a global leader in electric vehicle (EV) charging equipment, has contracted, sold, or deployed nearly 78,000 charging ports worldwide, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of Blink’s charging locations. Blink’s principal line of products and services includes the Blink EV charging network (“Blink Network”), EV charging equipment, EV charging services, and the products and services of recent acquisitions, including SemaConnect, Blue Corner, BlueLA and Envoy. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to half of passenger cars sold in the US by 2030, Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.

For more information, please visit https://blinkcharging.com/.

Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, and terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

Blink Media Contact
Jon Myers
PR@BlinkCharging.com
305-521-0200 ext. 266

Blink Investor Relations Contact
Vitalie Stelea
IR@BlinkCharging.com
305-521-0200 ext. 446

FAQ

What is the significance of the acquisition of Blue Corner for Blink Charging?

The acquisition of Blue Corner allows Blink Charging to expand its presence in Europe and establish a significant infrastructure footprint in Belgium.

How will the rebranding as Blink Charging benefit customers and clients?

The rebranding will make EV charging more accessible in Belgium and customers and clients will benefit from Blink Charging's global experience and assets, as well as its well-established systems and advanced network capability.