BLNKW - BLNKW STOCK NEWS

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has introduced an innovative pole mounting kit for its IQ 200 EV charging stations, enhancing its product range. The kit allows installation on existing infrastructure, potentially increasing deployment opportunities for EV chargers. CEO Michael D. Farkas highlighted the kit's role in expanding EV charging access in urban areas. This announcement follows the recent launch of a cable management solution. Blink is committed to making EV charging accessible at numerous locations, supporting the projected rise in EV adoption worldwide.

Blink Charging Hellas has secured a purchase agreement with Public Power Company (PPC S.A.) for 45 dual-port charging stations in Greece, valued at 224,874 € (approximately $272,451). This is the first step following PPC's goal to deploy 10,000 charging stations nationwide. The Blink IQ 250-EU chargers, designed and manufactured in Greece, emphasize quality and connectivity. The agreement signals Blink’s expanding presence in early EV markets and builds on previous partnerships in the Dominican Republic and Panama.

Blink Charging Co. (NASDAQ: BLNK, BLNKW) will participate in the Water Tower Research Virtual Conference and Fireside Chat on December 8, 2020, at 11:00 am ET. COO Brendan Jones will discuss the company’s operations and recent acquisitions, including U-Go Stations Inc. and BlueLA Carsharing LLC. Blink operates over 23,000 EV charging stations globally, with an aim to expand as EV demand is projected to rise significantly by 2025. Investors can register for the event to gain insights into Blink's strategic plans and operational updates.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has partnered with JSC Management Group, a major Burger King franchisee, to install EV charging stations at key Burger King locations across the Northeast. Blink will own and operate these 26 dual-port Level 2 IQ 200 charging stations, which will be deployed at 10 selected sites, enhancing Blink's regional expansion. This collaboration aims to meet the growing demand for EV infrastructure within the restaurant sector, benefiting both Blink and JSC.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has acquired U-Go Stations, Inc., adding 44 DC fast charging locations to its network and expanding its footprint across ten states. This strategic acquisition includes grants for deploying up to 45 additional charging stations. Blink's COO stated this move will significantly enhance their presence in the fast charging market, as the existing chargers will transition to the Blink Network. The acquisition aims to meet the growing demand for electric vehicle charging infrastructure and strengthen Blink's role in the EV charging ecosystem.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the launch of its innovative Cable Management Solution, enhancing EV charging experiences by reducing touchpoints and maintaining safety. This product addresses the growing demand within the $17.6 billion global EV charging infrastructure market. The system is designed for both new and existing installations, promoting convenience and efficiency. Blink is committed to expanding its product lineup, with further innovations expected in the EV charging space.

Blink Charging Co. reported a significant 84% revenue increase to $3.8 million for the first nine months of 2020, surpassing its 2019 total of $2.8 million. Despite challenges from the COVID-19 pandemic, Q3 revenue grew by 18% to $0.9 million. The company sold or deployed 668 EV charging stations across 25 states and acquired BlueLA Carsharing, enhancing its California presence. However, it reported a net loss of $3.9 million for Q3. Blink generated $19 million through a share offering, and cash reserves stood at $14.9 million as of September 30, 2020.

Blink Charging Co. (NASDAQ: BLNK, BLNKW) has expanded its workforce by hiring 25 employees since March, despite the pandemic, with 19 positions newly created. This strategic move aims to meet the anticipated surge in electric vehicle (EV) adoption and charging infrastructure demand. The company highlights a projected 32% market growth from 2020 to 2027, valuing the EV charging market over $11.74 billion. Blink's new hires span various locations, supporting operations, technology, and sales to enhance partnerships with firms like Cushman Wakefield and Envoy Technologies.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) will announce its third quarter 2020 financial results on November 12, 2020, after market close. A conference call and webcast will follow at 4:30 p.m. ET to discuss the results for the third quarter and the first nine months of 2020. Investors can access the live webcast on Blink's website. A playback of the call will be available until December 12, 2020. Blink, a leader in EV charging, has deployed over 23,000 charging stations globally, positioning itself to benefit from the projected rise in EV purchases.