Blink Charging Powers Nationwide EV Infrastructure Expansion with NASPO ValuePoint Portfolio
Blink Charging Co. (NASDAQ: BLNK) has been selected as an official supplier in NASPO ValuePoint's new EV Charging Station Portfolio. This initiative, led by the State of Maryland, aims to provide public entities nationwide with electric vehicle charging solutions to meet the growing demand for EV infrastructure. The portfolio offers a range of suppliers, manufacturers, and product options for Level 2 and DC Fast Charge EV charging stations, along with value-added services.
Through this contract, Blink's advanced EV charging equipment and services are now available for use by state governments, institutions of higher education, political subdivisions, and other eligible entities. The contract is active through May 31, 2027, with a possible extension to May 31, 2029. This selection reaffirms Blink's leadership in the electrification of transportation and its partnership with public agencies nationwide.
Blink Charging Co. (NASDAQ: BLNK) è stata selezionata come fornitore ufficiale nel nuovo Portafoglio di Stazioni di Ricarica per VE di NASPO ValuePoint. Questa iniziativa, guidata dallo Stato del Maryland, ha l'obiettivo di fornire soluzioni di ricarica per veicoli elettrici agli enti pubblici a livello nazionale per soddisfare la crescente domanda di infrastrutture per VE. Il portafoglio offre una gamma di fornitori, produttori e opzioni di prodotto per stazioni di ricarica VE di Livello 2 e DC Fast Charge, insieme a servizi a valore aggiunto.
Attraverso questo contratto, l'attrezzatura avanzata di ricarica per VE di Blink e i suoi servizi sono ora disponibili per l'uso da parte dei governi statali, delle istituzioni di istruzione superiore, delle suddivisioni politiche e di altri enti idonei. Il contratto è attivo fino al 31 maggio 2027, con una possibile estensione fino al 31 maggio 2029. Questa selezione riafferma la leadership di Blink nell'elettrificazione dei trasporti e la sua partnership con le agenzie pubbliche a livello nazionale.
Blink Charging Co. (NASDAQ: BLNK) ha sido seleccionada como proveedor oficial en el nuevo Portafolio de Estaciones de Carga de VE de NASPO ValuePoint. Esta iniciativa, liderada por el Estado de Maryland, tiene como objetivo proporcionar soluciones de carga de vehículos eléctricos a entidades públicas en todo el país para satisfacer la creciente demanda de infraestructura para VE. El portafolio ofrece una variedad de proveedores, fabricantes y opciones de productos para estaciones de carga de VE de Nivel 2 y DC Fast Charge, junto con servicios de valor añadido.
A través de este contrato, el equipo y los servicios avanzados de carga de VE de Blink ahora están disponibles para su uso por parte de gobiernos estatales, instituciones de educación superior, subdivisiones políticas y otras entidades elegibles. El contrato está vigente hasta el 31 de mayo de 2027, con una posible extensión hasta el 31 de mayo de 2029. Esta selección reafirma el liderazgo de Blink en la electrificación del transporte y su colaboración con agencias públicas en todo el país.
Blink Charging Co. (NASDAQ: BLNK)는 NASPO ValuePoint의 새로운 전기차 충전소 포트폴리오의 공식 공급업체로 선정되었습니다. 이 이니셔티브는 메릴랜드 주에서 주도하며, 전국의 공공 기관에 전기차 충전 솔루션을 제공하는 것을 목표로 합니다. 이 포트폴리오는 레벨 2 및 DC 고속 충전 전기차 충전소를 위한 다양한 공급업체, 제조업체 및 제품 옵션과 부가 가치 서비스를 제공합니다.
이 계약을 통해 Blink의 첨단 전기차 충전 장비 및 서비스는 이제 주 정부, 고등 교육 기관, 정치적 하위 부문 및 기타 자격이 있는 기관에서 사용할 수 있습니다. 계약은 2027년 5월 31일까지 유효하며, 2029년 5월 31일까지 연장될 수 있습니다. 이번 선정은 Blink의 운송 전기화에 대한 리더십과 전국의 공공 기관과의 파트너십을 재확인합니다.
Blink Charging Co. (NASDAQ: BLNK) a été sélectionnée comme fournisseur officiel dans le nouveau portefeuille de stations de recharge pour VE de NASPO ValuePoint. Cette initiative, dirigée par l'État du Maryland, vise à fournir des solutions de recharge pour véhicules électriques aux entités publiques à l'échelle nationale afin de répondre à la demande croissante d'infrastructures pour VE. Le portefeuille propose une gamme de fournisseurs, de fabricants et d'options de produits pour des stations de recharge VE de niveau 2 et de recharge rapide DC, ainsi que des services à valeur ajoutée.
Grâce à ce contrat, l'équipement avancé de recharge pour VE et les services de Blink sont désormais disponibles pour les gouvernements d'État, les établissements d'enseignement supérieur, les subdivisions politiques et d'autres entités éligibles. Le contrat est actif jusqu'au 31 mai 2027, avec une possibilité de prolongation jusqu'au 31 mai 2029. Cette sélection réaffirme le leadership de Blink dans l'électrification des transports et son partenariat avec les agences publiques à l'échelle nationale.
Blink Charging Co. (NASDAQ: BLNK) wurde als offizieller Anbieter im neuen EV-Ladestationen-Portfolio von NASPO ValuePoint ausgewählt. Diese Initiative, die vom Bundesstaat Maryland geleitet wird, zielt darauf ab, öffentlichen Einrichtungen landesweit elektrische Fahrzeugladelösungen anzubieten, um der wachsenden Nachfrage nach EV-Infrastruktur gerecht zu werden. Das Portfolio bietet eine Vielzahl von Anbietern, Herstellern und Produktoptionen für Level-2- und DC-Schnelllade-Stationen sowie Zusatzdienste.
Durch diesen Vertrag sind Blinks fortschrittliche Ladegeräte und Dienste für elektrische Fahrzeuge nun für die Nutzung durch staatliche Regierungen, Hochschulen, politische Unterabteilungen und andere berechtigte Stellen verfügbar. Der Vertrag ist bis zum 31. Mai 2027 aktiv, mit einer möglichen Verlängerung bis zum 31. Mai 2029. Diese Auswahl bekräftigt Blinks Führungsposition in der Elektrifizierung des Verkehrs und seine Partnerschaft mit öffentlichen Einrichtungen landesweit.
- Selected as an official supplier for NASPO ValuePoint's EV Charging Station Portfolio
- Expanded access to state governments and other public entities for Blink's EV charging equipment and services
- Contract active through May 31, 2027, with possible extension to May 31, 2029
- Opportunity to provide both Level 2 and DC Fast Charge EV charging stations
- None.
Insights
The selection of Blink Charging as an official supplier in NASPO ValuePoint's EV Charging Station Portfolio is a significant development for the company and the EV infrastructure sector. This contract opens up a vast market opportunity, potentially accelerating Blink's growth and market penetration.
The portfolio's focus on providing EV charging solutions to public entities nationwide aligns perfectly with the increasing government push towards electrification. With the contract active through May 31, 2027 and potential extension to 2029, Blink stands to benefit from a long-term, stable revenue stream.
However, investors should note that while this is a positive development, the actual impact on Blink's financials will depend on the volume of orders received through this channel. The contract doesn't guarantee sales but provides a streamlined procurement process for eligible entities.
Moreover, the inclusion of multiple suppliers in the portfolio suggests a competitive landscape. Blink will need to differentiate its offerings to capture a significant share of this market opportunity.
From a broader perspective, this development underscores the growing institutional support for EV infrastructure, which bodes well for the entire sector. It could potentially accelerate EV adoption rates, creating a positive feedback loop for companies like Blink.
While the NASPO ValuePoint contract is undoubtedly a positive development for Blink Charging, its financial implications require careful consideration. The contract doesn't come with guaranteed revenue figures, making it challenging to quantify its immediate impact on Blink's bottom line.
However, this agreement significantly expands Blink's potential customer base, including state governments, higher education institutions and other public entities across the U.S. This broader market access could translate into increased sales and revenue growth over time.
Investors should monitor Blink's upcoming quarterly reports for any mention of revenue attributed to this contract. Key metrics to watch include:
- Changes in revenue growth rate
- Expansion of gross margins, if economies of scale are achieved
- Increase in market share within the EV charging sector
It's worth noting that the EV charging market is highly competitive, with several players vying for market share. While this contract strengthens Blink's position, the company will need to execute effectively to capitalize on this opportunity.
From a balance sheet perspective, if this contract leads to significant orders, Blink may need to increase its working capital to fulfill them. Investors should watch for any announcements regarding capital raising or changes in the company's cash position.
Overall, while this contract enhances Blink's long-term prospects, its near-term financial impact remains to be seen. Prudent investors should view this as a positive development but await concrete financial results before making investment decisions.
Blink Charging's inclusion in the NASPO ValuePoint portfolio is a testament to the company's technological competitiveness in the EV charging space. The contract's provision for both Level 2 and DC Fast Charge stations aligns well with Blink's diverse product offerings.
A key aspect to consider is the portfolio's structure, which allows for the addition of new technologies and devices as the market evolves. This flexibility is important in the rapidly advancing EV charging sector and presents both an opportunity and a challenge for Blink.
On the opportunity side, Blink can potentially introduce new, innovative products through this channel as they develop them. This could give the company a competitive edge and help maintain its relevance in the market.
However, the challenge lies in keeping pace with technological advancements. The EV charging industry is witnessing rapid innovations, including:
- Increased charging speeds
- Improved energy efficiency
- Enhanced grid integration capabilities
- Advanced user interfaces and payment systems
Blink will need to continually invest in R&D to ensure its products remain at the forefront of these advancements. The company's ability to do so will be important in maximizing the benefits from this contract.
Moreover, the inclusion of value-added services like installation, maintenance and software support in the portfolio underscores the importance of a comprehensive service offering. Blink's performance in these areas, particularly in software and network management, will be critical in differentiating itself from competitors.
In conclusion, while this contract validates Blink's current technological standing, the company's future success will hinge on its ability to innovate and adapt to the evolving EV charging landscape.
Bowie, Md., July 25, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, has been selected as an official supplier in NASPO ValuePoint’s new EV Charging Station Portfolio.
Spearheaded by the State of Maryland and funded through NASPO’s emerging markets initiative, this portfolio aims to provide public entities nationwide with electric vehicle charging solutions to meet the rising demand for EV infrastructure.
NASPO ValuePoint, the cooperative purchasing division of the National Association of State Procurement Officials (NASPO), facilitates cooperative public procurement solicitations nationwide.
This new portfolio offers a comprehensive range of suppliers, manufacturers, and product options for Level 2 and DC Fast Charge EV charging stations, along with value-added services such as installation, maintenance, repair, training, and software support. The contracts are structured to allow for the easy addition of new technologies and devices as the market evolves, ensuring public entities stay at the forefront of this rapidly advancing field.
Through this contract, Blink’s advanced EV charging equipment and services are now available for use by state governments, institutions of higher education, political subdivisions, the District of Columbia, U.S. territories, and other eligible entities, subject to approval and adherence to legal and regulatory compliance. The contract remains active through May 31, 2027, and may be renewed through May 31, 2029.
This initiative reaffirms NASPO ValuePoint’s commitment to providing high-quality, cost-effective solutions to public entities, enabling them to efficiently maintain and improve vital infrastructure for future needs. For more information about the portfolio, including a full list of awarded suppliers, visit naspovaluepoint.org.
“Being awarded the NASPO ValuePoint contract is a significant honor and further demonstrates Blink’s leadership in the electrification of transportation in partnership with public agencies nationwide," said Michael Battaglia, COO of Blink Charging Co. "As we focus on providing comprehensive, targeted charging options for EV drivers across the U.S. and globally, we will continue to lay the groundwork for an electric revolution. We are grateful for NASPO’s trust and commitment to sustainable transportation solutions.”
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About NASPO ValuePoint
NASPO ValuePoint is the cooperative purchasing division of the National Association of State Procurement Officials (NASPO), facilitating cooperative public procurement solicitations using a Lead State Model. NASPO aggregates the demand of all 50 states, the District of Columbia, the US territories, their political subdivisions, and other eligible entities, spurring best value, innovation, and competition in the marketplace. NASPO ValuePoint delivers high-value, reliable, and competitively sourced cooperative contracts – offering public entities outstanding prices, favorable terms and conditions, and value-added services. Learn more at www.naspovaluepoint.org.
NASPO®, NASPO ValuePoint®, their logos, and Lead State Model™ are trademarks of the National Association of State Procurement Officials.
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink’s principal line of products and services include Blink’s EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network utilizes proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. 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/
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
What is the significance of Blink Charging (BLNK) being selected for NASPO ValuePoint's EV Charging Station Portfolio?
How long is Blink Charging's (BLNK) contract with NASPO ValuePoint valid?
What types of EV charging stations can Blink Charging (BLNK) provide through the NASPO ValuePoint contract?
Who initiated the NASPO ValuePoint EV Charging Station Portfolio that includes Blink Charging (BLNK)?
