Blink Charging Co. - BLNK STOCK NEWS

Blink Charging Company (Nasdaq: BLNK, BLNKW) announced its agreement with Winslow Township, NJ, to install five Blink IQ 200 dual-port fast Level 2 EV chargers, providing 10 charging ports for public and non-public use. The chargers are designed for high output, offering up to 80 amps per unit, and will enhance EV infrastructure in the area. Funding was secured via the New Jersey Board of Public Utilities' Clean Fleet Electric Vehicle Incentive Program, aimed at supporting electric vehicle equipment for local and state government fleets.

Bowie, Md., July 20, 2022 – Blink Charging Company (Nasdaq: BLNK, BLNKW) has announced that its subsidiary, SemaConnect, has received the 2022 Comparably Award for Best Companies for Career Growth in the Small/Medium Companies category. This recognition follows anonymous employee feedback highlighting professional development opportunities and mentorship. SemaConnect ranks among the top 100 North American companies for employee sentiment regarding career advancement. The company emphasizes the importance of investing in employee education and development to maintain its status as a market leader in EV charging solutions.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has been awarded a contract with the Florida Sheriffs Association Cooperative Purchasing Program, allowing local governments and agencies in Florida to procure electric vehicle (EV) charging solutions directly from Blink. The contract aims to enhance the deployment of EV infrastructure for public safety fleets and municipalities. This partnership positions Blink as a preferred vendor, potentially expanding its market reach significantly across various government entities and educational organizations in Florida.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has secured a cooperative purchasing agreement with the Region 1 Planning Council in Northern Illinois to provide electric vehicle (EV) charging equipment and network services. This contract, lasting up to 10 years, involves the installation of up to 700 charging stations within six counties, reflecting the increasing commitment to EV infrastructure. Blink's technology has gained recognition for its versatility and performance, positioning the company well in a growing market as EV adoption continues to rise.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has completed the acquisition of SemaConnect, enhancing its footprint with nearly 13,000 EV chargers and 3,800 site host locations. This deal allows Blink to comply with the Buy American initiatives, aligning with the Biden Administration's $7.5 billion EV infrastructure bill. With this acquisition, Blink aims to accelerate its manufacturing capabilities and expand its market presence. The integration of SemaConnect's hardware and software is set to streamline operations, double its engineering team, and facilitate the rollout of a state-of-the-art charging network.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has announced its acquisition of SemaConnect, Inc. for $200 million. This deal enhances Blink's vertical integration by adding nearly 13,000 EV chargers and 3,800 host locations to its network, positioning the company to capitalize on the Biden Administration's $7.5 billion EV infrastructure initiative. With in-house manufacturing, Blink will comply with Buy American mandates and reduce operating costs. The acquisition is expected to streamline operations and enhance go-to-market speed, while SemaConnect’s expertise will bolster Blink's offerings.

Blink Charging (Nasdaq: BLNK, BLNKW) has signed an agreement with Q-Park for the deployment of approximately 600 EV charging points across 80 sites in the UK and Ireland. This agreement is valued at over £3 million (over $3.7 million) and aims to modernize existing charging infrastructure using EB Charging's advanced technology. Installations are set to begin in July 2022. This initiative follows Blink's recent acquisition of EB Charging, expanding its presence in Europe and increasing accessibility to EV charging stations.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) reported a remarkable 339% increase in total revenues, reaching $9.8 million for Q1 2022, compared to $2.2 million in Q1 2021. This growth was largely driven by a 382% rise in product sales and a 346% rise in service revenues. The company contracted or sold 3,174 charging stations, a 99% increase year-over-year. Despite a net loss of $15.1 million, Blink's cash and marketable securities stood at $161.9 million as of March 31, 2022. The acquisition of EB Charging expanded its presence in the UK and added over 1,150 chargers to its footprint.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has appointed Vitalie Stelea as Vice President of Investor Relations, effective May 5, 2022. With over 15 years of financial experience, Stelea will spearhead Blink’s investor relations strategy as the company aims to strengthen its presence in the U.S. and international markets. Previously with Ford Motor Company, he contributed to significant initiatives in electrification and investor communications. Blink operates more than 30,000 EV charging ports across 18 countries, positioning itself for growth in the rapidly expanding electric vehicle sector.