Blink and McArthurGlen Team Up to Provide EV Chargers at Famous Dutch Designer Outlets
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Insights
The installation of 33 Blink EV Chargers at McArthurGlen's designer outlet centers signifies a strategic expansion move by Blink Charging into the Dutch market. This move can be expected to have a positive impact on the company's revenue streams and market share within the European Union, where the adoption of electric vehicles (EVs) is gaining momentum. Given the high foot traffic in these designer outlets, the visibility and accessibility of Blink's charging stations could potentially drive brand recognition and customer loyalty.
From a market perspective, this development aligns with the broader industry trend towards sustainable transportation and the increasing demand for EV infrastructure. Blink's turn-key approach, which includes advanced charging equipment that is vehicle-to-grid ready, positions the company favorably against competitors who may not offer such comprehensive solutions. The expansion may also serve as a catalyst for further partnerships with retail spaces, leveraging Blink's service-minded approach to enhance the consumer experience at shopping destinations.
The announcement of Blink Charging's installation of EV chargers at McArthurGlen's designer outlets could be a signal to investors of the company's growth trajectory and its commitment to scaling operations in Europe. With the planned increase from 70 to 400 chargers at the Roermond outlet and the addition of chargers at the Roosendaal outlet, Blink is demonstrating its potential for rapidly capturing market share in the region.
Investors should note the capital expenditure involved in such expansions and weigh it against the projected increase in long-term revenue. The strategic positioning in high-traffic areas suggests a calculated approach to maximizing utilization rates of the chargers, which could translate to a steady stream of income. Additionally, Blink's readiness to support businesses in achieving net-zero objectives may open up new revenue channels through corporate partnerships, potentially enhancing shareholder value.
The collaboration between Blink Charging and McArthurGlen reflects a growing corporate emphasis on sustainability and the role of green technologies in achieving net-zero emissions. By providing EV charging infrastructure at popular shopping locations, Blink is not only catering to current EV users but also encouraging the adoption of EVs among the broader public.
This initiative is likely to resonate well with environmentally conscious consumers and can enhance McArthurGlen's brand as a sustainable shopping destination. For Blink, the move showcases its commitment to environmental sustainability and its role in the transition towards a greener economy. Such initiatives are increasingly important as corporations are held to higher standards of environmental responsibility by consumers and investors alike.
In first step, 33 Blink EV Chargers are installed at McArthurGlen’s designer outlet centers in Roermond and Roosendaal
Miami Beach, Fla., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (“Blink Charging”), a leading global EV-charging provider, is teaming up with McArthurGlen – Europe’s leading owner, developer and manager of designer outlets – to provide visitors to the Netherlands-based designer outlet centers, Roermond and Roosendaal, with state-of-the-art EV charging as they shop. The two designer outlet communities in the South of the Netherlands attract millions of visitors annually. The Roermond designer outlet has 70 EV Chargers, which will grow to 400 in the next two years, while the Roosendaal designer outlet has 19 EV Chargers, which will grow by six more this year.
Pieter Van Voorst Vader, managing director McArthurGlen, commented that “we are thrilled to be able to provide our customers with Blink’s reliable EV charging at these immensely popular shopping locations. Blink has a comprehensive turn-key approach, featuring advanced charging equipment designed to be vehicle-to-grid ready. We appreciate Blink’s service-minded approach to delivering quality to McArthurGlen and, more importantly, to our visitors.”
President of Blink Charging Europe, Miko de Haan, said, "The deployment of Blink’s charging units in Roermond and Roosendaal represents a significant milestone as we venture into Dutch territory. This marks the beginning of our journey, and we are poised for rapid expansion from this point onward, with plans already in motion.”
De Haan adds, “Blink offers modern charging equipment to meet customer demands, complemented by smart services and digital tools. This combination facilitates seamless and resilient operation of charging stations within the Blink European network. As an increasing number of consumers embrace environmentally friendly electric vehicles, and businesses and organizations adopt green technologies to achieve net-zero objectives, Blink stands ready to support them in their transition.”
Blink is not only amongst the leading EV charging equipment producer, owner, and operator in the United States and Latin America, it also has a strong European presence in the United Kingdom and Belgium.
About McArthurGlen
McArthurGlen Group, Europe's leading owner, developer, and manager of designer outlets, was founded by Kaempfer Partners in 1993. The pioneer of designer outlet retailing in Europe, McArthurGlen has since developed 685,000 sq m of retail space. The company manages 25 designer outlets in 8 countries: Austria, Canada, France, Germany, Italy, the Netherlands, Spain, and the UK, delivering total portfolio revenues of 5 billion euros annually. The centers are home to the most sought-after luxury and premium brands and offer nearly 100 million fashion-loving customers annually year-round savings in vibrant, open-air shopping environments. In 2013, McArthurGlen became a joint venture between the Kaempfer Partners and Simon Property Group Co., a global leader in the ownership of premium shopping, dining, entertainment, and mixed-use destinations. In April 2023, McArthurGlen opened its newest center, Designer Outlet Paris-Giverny, serving the fashionable catchment west of Paris. Part of the ongoing expansion of the Group's portfolio will see new phases for its Vancouver, West Midlands, Málaga, Roosendaal, and Castel Romano centers. https://www.mcarthurglen.com
About Blink
Blink Charging Co. (Nasdaq: BLNK), a global leader in electric vehicle (EV) charging equipment, has contracted, sold, or deployed nearly 85,000 charging ports worldwide, many of which are networked EV charging stations, enabling EV drivers to charge at any of Blink’s charging locations quickly. 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://www.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
Nipunika Coe
PR@BlinkCharging.com
305-521-0200 ext. 266
Blink Investor Relations Contact
Vitalie Stelea
IR@BlinkCharging.com
305-521-0200 ext. 446
FAQ
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