Blink Charging Signs Exclusive Long-Term Agreement with Blessing Health System for the Deployment of EV Charging Services at Illinois Facilities

Rhea-AI Summary

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has signed a 5-year exclusive contract with Blessing Health System in Quincy, Illinois, to deploy 20 Blink-owned IQ 200 charging units. This agreement includes two additional 5-year renewal options, highlighting Blink's commitment to expanding EV charging solutions in healthcare facilities. The partnership aims to enhance convenience for patients and employees, addressing the growing demand for EV charging infrastructure in less urban areas.

Positive

• Signed a 5-year exclusive contract with Blessing Health System for 20 charging units.
• Potential for significant charger utilization with 24-hour availability.
• Strategic expansion into healthcare facilities, a growing market for EV charging.

Negative

• None.

Miami Beach, FL, Dec. 15, 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 that it has signed an exclusive 5-year contract with two 5-year renewal options for the deployment of 20 Blink-owned IQ 200 units at four Blessing Health System locations in Quincy, Illinois.

Blessing Health System is an integrated health system based in Quincy, IL, consisting of two award-winning hospitals, two physician group practices, an accredited college of nursing and health sciences, a network of medical specialty businesses, and a charitable foundation. The health system serves west-central Illinois, northeast Missouri, and southeast Iowa and employs more than 3,500 people.

“People from communities throughout the Tri-state area come to Quincy daily to access Blessing Health System providers and services, and to see hospitalized loved ones,” said Maureen Kahn, RN, MHA, MSN, president/chief executive officer, Blessing Health System and Blessing Hospital. “With vehicle charging stations not yet as common in our region as they are in larger cities, this new service will add an important level of convenience for patients and other customers.

“Through this exclusive, long-term contract, we look forward to a multi-year partnership with Blessing Health providing the best available charging solution for their patients, visitors, and employees,” shared Brendan Jones, Chief Operating Officer of Blink Charging.

Jones continued, “healthcare facilities are an important market for us, and we’re excited to bring our Blink IQ 200 chargers to the employees and patients of Blessing Health System. We are excited about the uptick in interest and deployment across hospital facilities. The potential utilization at these locations is significant, with the 24-hour availability of chargers for both staff and patients.”

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About Blessing Health System
Blessing Health System is an integrated health system, based in Quincy, IL, consisting of two award-winning hospitals, two physician group practices, an accredited college of nursing and health sciences, a network of medical specialty businesses and a charitable foundation. The health system serves west central Illinois, northeast Missouri and southeast Iowa and employees more than 3,500. The Mission of Blessing Health System is to improve the health of our communities. Learn more at https://www.blessinghealth.org/

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/.

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 the contract value for Blink Charging's deal with Blessing Health System?

The specific contract value was not disclosed in the press release.

When was the Blink Charging contract with Blessing Health System announced?

The contract was announced on December 15, 2020.

How many IQ 200 charging units is Blink deploying at Blessing Health System?

Blink is deploying 20 IQ 200 charging units.

What is the duration of Blink Charging's contract with Blessing Health System?

The contract is for 5 years with two additional 5-year renewal options.

What are the expected benefits of this partnership for Blessing Health System?

The partnership will provide convenience for patients and employees by offering EV charging solutions.