Blink Charging Announces Additional Deployments of Blink-Owned EV Charging Stations At St. Luke’s University Healthcare Facilities Across Pennsylvania

Rhea-AI Summary

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the installation of ten IQ 200 EV chargers at St. Luke’s University Health Network in Pennsylvania, increasing the total to 26 chargers across its campuses. Blink is also set to install eight more chargers at the Allentown campus. This initiative is part of a contract established in January 2019, aimed at making EV charging more accessible. The project is funded through a grant from the Driving PA Forward initiative, enhancing Blink's presence in the healthcare sector amid growing EV demand.

Positive

• Installation of 10 IQ 200 EV chargers at St. Luke’s, increasing total to 26.
• Expansion of EV charging network in the healthcare sector.
• Project funded by Driving PA Forward initiative grant.

Negative

• None.

Miami Beach, FL, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, announced today the installation of an additional ten IQ 200 EV chargers at St. Luke’s University Health Network’s Orwigsburg, Quakertown, and Easton, PA hospital campuses. The Company is also scheduled to install eight additional chargers at the Allentown, PA hospital campus. The deployment of these Blink-owned charging stations builds upon the Company’s initial contract and deployments with St. Luke’s announced in January 2019.

St. Luke’s University Health Network is a fully integrated, regional, non-profit network of 12 hospitals and 300 outpatient sites. With the addition of these charging stations, St. Luke’s will have 26 Blink charging stations across its hospital network. As EV demand increases, the agreement with St. Luke’s allows for further deployments across St. Luke’s healthcare locations.

“We are thrilled to continue our support of St. Luke’s initiative to make EV charging accessible to their patients, staff, and visitors. We are experiencing considerable growth in the healthcare sector as hospitals and medical clinics are installing our fast-charging stations to support the accelerating EV adoption. Our agreement with St. Luke’s utilizes our Blink-owned model, which provides the customer with a turnkey solution and allows the healthcare provider to add chargers as demand increases. It also enables Blink to realize an economic benefit as utilization of the charging stations grow,” said Michael D. Farkas, Founder and Chief Executive Officer of Blink.

The St. Luke’s charging stations were funded through a grant from the Driving PA Forward initiative, which has a goal of permanently reducing NOx emissions by as much as 27,000 tons.

Mr. Farkas continued, “Grant and rebate programs are playing an important role in accelerating the installation of the necessary infrastructure to support EV growth. The Driving PA Forward initiative includes a substantial grant program for EV charging equipment, and we are pleased to have been chosen to help ensure this initiative is a success.”

Blink’s announcement of these deployments across St. Luke’s locations comes following the Company’s announcement of an agreement with another leading healthcare provider, Blessing Health System, based in Illinois.

###

ABOUT BLINK CHARGING
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment and has deployed over 23,000 charging stations, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Blink Charging’s principal line of products and services include its Blink EV charging network (“Blink Network”), EV charging equipment, and EV charging services. 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 rise to 10 million by 2025 from approximately 2 million in 2019, the Company 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/.

About St. Luke’s
Founded in 1872, St. Luke’s University Health Network (SLUHN) is a fully integrated, regional, non-profit network of more than 16,000 employees providing services at 12 hospitals sites and 300+ outpatient sites. With annual net revenue in excess of $2.5 billion, the Network’s service area includes 11 counties: Lehigh, Northampton, Berks, Bucks, Carbon, Montgomery, Monroe, Schuylkill and Luzerne counties in Pennsylvania and Warren and Hunterdon counties in New Jersey. Dedicated to advancing medical education, St. Luke’s is the preeminent teaching hospital in central-eastern Pennsylvania. In partnership with Temple University, St. Luke’s established the Lehigh Valley’s first and only regional medical school campus. It also operates the nation’s longest continuously operating School of Nursing, established in 1884, and 38 fully accredited graduate medical educational programs with 347 residents and fellows. St. Luke’s is the only Lehigh Valley-based health care system to earn Medicare’s five- and four-star ratings (the highest) for quality, efficiency and patient satisfaction. St. Luke’s is both a Leapfrog Group and Healthgrades Top Hospital and a Newsweek World’s Best Hospital. U.S. News & World Report ranked St. Luke’s #1 in the Lehigh Valley and #6 in the state. Three of IBM Watson Health’s 100 Top Hospitals are St. Luke’s hospitals. St. Luke’s University Hospital has earned the 100 Top Major Teaching Hospital designation from IBM Watson Health eight times total and six years in a row. St. Luke’s has also been cited by IBM Watson Health as a 50 Top Cardiovascular Program. Utilizing the Epic electronic medical record (EMR) system for both inpatient and outpatient services, the Network is a multi-year recipient of the Most Wired award recognizing the breadth of the SLUHN’s information technology applications such as telehealth, online scheduling and online pricing information. St. Luke’s is also recognized as one of the state’s lowest cost providers.

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, along with terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should,” and 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 
PR@BlinkCharging.com

Blink Investor Relations Contact 
IR@BlinkCharging.com
855-313-8187

FAQ

What is Blink Charging's latest announcement regarding St. Luke's University Health Network?

Blink Charging announced the installation of 10 additional IQ 200 EV chargers at St. Luke's, bringing the total to 26 across its campuses.

How many chargers will Blink install at St. Luke's hospitals?

Blink will install a total of 18 chargers across various St. Luke's hospital campuses.

What is the significance of the Driving PA Forward grant for Blink Charging?

The Driving PA Forward grant funds the installation of EV chargers, supporting Blink's expansion in the healthcare sector.

How does the St. Luke's agreement impact Blink Charging's business?

The agreement bolsters Blink's presence in the healthcare market as EV adoption increases, providing economic benefits through growing usage of the chargers.

What is Blink Charging's strategy in the healthcare sector?

Blink aims to enhance EV charging accessibility in healthcare facilities through strategic partnerships and deployments.