Charge Enterprises Makes Strategic Investment in Electric Vehicle Charging Innovator Connected Kerb

Rhea-AI Summary

Charge Enterprises Inc (OTC PINK:CRGE) announced a strategic investment in Connected Kerb, a UK-based provider of sustainable EV charging solutions. This investment grants Charge a 3-year exclusive right of first refusal for future installations in North America. The partnership aims to enhance Charge's electric charging infrastructure, focusing on on-street residential and long-dwell destination charging. Both companies are committed to accelerating the transition to sustainable electric transportation, addressing the needs of public sectors, developers, and fleet operators.

Positive

• Strategic investment in Connected Kerb enhances Charge's EV infrastructure.
• 3-year exclusive rights for North American installations could drive future growth.
• Partnership aligns with sustainability goals, catering to public sector and fleet needs.

Negative

• None.

Differentiated and disruptive on-street residential charging technology highly complementary to Charge's electric charging infrastructure suite of services

NEW YORK, NY / ACCESSWIRE / June 8, 2021 / Charge Enterprises Inc. (OTC PINK:CRGE), ("Charge" or "the Company"), connecting people everywhere with communications, infrastructure and charging, today announced a strategic investment in UK based Connected Kerb, an award-winning sustainable EV charging solutions provider.

"Connected Kerb's disruptive technology proposition is aimed at on-street residential & long-dwell destination (workplaces, fleet, etc.) charging, a key component of Charge's network and a perfect complement to our mission to help cities thrive by making mobility manageable. Both companies believe that on-street residential & long-dwell destination charging is crucial for accelerating society's transition away from fossil fuels toward a sustainable electric transportation future," said Charge Enterprises Founder and CEO Andrew Fox.

"Connected Kerb's offerings are designed to fit discreetly into existing street scenes and street furniture, appealing to the diverse interests and requirements of the public sector, developers, fleets, workplaces, and car parks," Fox continued. "Connected Kerb is a true trailblazer in the transition away from carbon-emitting vehicles and toward cleaner, sustainable mobility for all."

As part of its strategic investment, subject to certain terms and conditions, Charge has obtained a 3 year exclusive right of first refusal for all of Connected Kerbs future installations in North America. Connected Kerb's installation footprint currently reaches across the U.K.

About Charge Enterprises Inc.
Charge Enterprises Inc; With a mission of connecting people everywhere with a strategy in telecom network infrastructure, connected calls, power banks, EV charging infrastructure installation and maintenance. Trading under the Ticker: CRGE. We're a public company that shares our success with all stakeholders.

Our business operates in three distinct divisions through a number of recently acquired, or newly formed subsidiaries, including:

• Charge Communications, with a strategy to offer Unified Communication as a Service (UCaaS) and Communication as a Platform Service (CPaaS), providing termination of both voice and data to Carriers and Mobile Network Operators (MNO's) globally for over 2 decades.
• Charge Infrastructure, addresses telecom network infrastructure, including 5G small cell installation, portable power banks, micro-mobility charging, and EV charging installation, stations & maintenance.
• Charge Investment, along with marketable securities, the investment division focuses on opportunist investments in EV and telecom related businesses
  

Charge's strategy is to do the unglamorous part of connecting calls and powering the future of movement.

We have recently acquired a number of subsidiaries, through which we operate our three business divisions.

To Learn more about Charge, visit https://www.charge.enterprises/.

Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Charge Enterprises, Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Charge Enterprises, Inc. cautions you that any forward-looking information provided by or on behalf of Charge Enterprises, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Charge Enterprises, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Charge Enterprises, Inc.'s control. In addition to those discussed in Charge Enterprises, Inc.'s press releases, public filings, and statements by Charge Enterprises, Inc.'s management, including, but not limited to, Charge Enterprises, Inc.'s estimate of the sufficiency of its existing capital resources, Charge Enterprises Inc's ability to raise additional capital to fund future operations, Charge Enterprises, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Charge Enterprises, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Charge Enterprises, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Contact:
LHA Investor Relations
Carolyn Capaccio, CFA
ccapaccio@lhai.com
212.838.3777

About Connected Kerb:
Connected Kerb are one of the UK's leading charging point providers, delivering future-proof, cost-effective and sustainable EV charging solutions for the public sector, developers, fleets, workplaces, car parks and long-dwell destinations to help accelerate the transition to EVs for all.

Its unique solution combines power and data at the kerb to deliver user-friendly and reliable charging and provide the foundation for connected cities and communities.

Contact - media@connectedkerb.com

SOURCE: Charge Enterprises Inc.

View source version on accesswire.com:
https://www.accesswire.com/650825/Charge-Enterprises-Makes-Strategic-Investment-in-Electric-Vehicle-Charging-Innovator-Connected-Kerb

FAQ

What is the recent strategic investment by Charge Enterprises (CRGE)?

Charge Enterprises has made a strategic investment in Connected Kerb, a UK-based sustainable EV charging solutions provider.

How does the investment in Connected Kerb benefit Charge Enterprises (CRGE)?

The investment provides Charge with a 3-year exclusive right of first refusal for future installations in North America, potentially enhancing its EV charging infrastructure.

What type of charging solutions does Connected Kerb offer?

Connected Kerb specializes in on-street residential and long-dwell destination charging solutions that integrate discreetly into existing street scenes.

How does this investment align with Charge Enterprises' mission?

The investment supports Charge's mission to promote sustainable electric transportation and help cities thrive through improved mobility solutions.

When was the investment in Connected Kerb announced by Charge Enterprises (CRGE)?

The investment was announced on June 8, 2021.