Logiq Announces its Digital Marketing Initiatives for the Electric Vehicle Charger Installation Industry

Rhea-AI Summary

Logiq, Inc. (OTCQX: LGIQ) has expanded its services in the high-growth home improvement vertical, focusing on the electric vehicle (EV) charger installation market. The company launched an on-demand digital marketing platform to assist clients in capitalizing on the increasing demand for EV chargers, driven by sales doubling to 6.6 million in 2021. This growth reflects broader consumer trends favoring environmentally friendly vehicles. Logiq aims to provide comprehensive solutions amidst a growing need for charging stations, particularly in areas with significant EV sales.

Positive

• Expanded services into the high-growth EV charger installation market.
• Launched a new on-demand digital marketing platform to capture market opportunities.
• Doubling of electric car sales, reaching 6.6 million in 2021, indicates strong market demand.

Negative

• None.

Company Continues to Add New Verticals to Provide End-to-End Solutions for High-Growth Home Improvement Industries

NEW YORK, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ), a provider of digital consumer acquisition solutions, today announced that it has strengthened its position in the high-growth home improvement vertical arena for the electric vehicle (EV) charger installation industry.

Haig Newton, President of DataLogiq, Inc., commented, “Our team recognized the growing demand as many of our construction and electrical clients were interested in gaining access to the growing EV home, multifamily and commercial charger installation marketplace. As such, we launched our on-demand digital marketing platform system to allow our clients to meet this dynamic market opportunity.”

Sales of electric cars doubled in 2021 to a new record of 6.6 million. That growth contributed to the total 16.5 million electric vehicles on the road in 2021, more than triple the number in 2018.

According to the Natural Resources Defense Council, electric vehicles have surged in popularity in recent years in part because of their association with emerging consumer sentiments like environmental concerns and cash savings. Electric vehicles produce fewer greenhouse gases and operate at less than half the cost of gasoline powered vehicles.

Demand for charging stations continues to grow apace with EV sales, though not evenly distributed across the U.S. California leads the country in total stations available, while many southern states have far fewer stations per capita.

About Logiq
Logiq Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.

The Company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.

Important Cautions Regarding Forward Looking Statements
This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon.

These statements speak only as of the date of this press release. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, potential strategic transactions, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, and the valuation and success of the businesses after completion of the transaction, if any, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Media & Investor Contact
ir@logiq.com 

FAQ

What is Logiq's focus in the electric vehicle market as of September 2022?

Logiq is focusing on the electric vehicle charger installation market by expanding its services and launching a digital marketing platform.

How many electric cars were sold in 2021 according to Logiq's press release?

According to Logiq's press release, electric car sales doubled to 6.6 million in 2021.

What is the stock symbol for Logiq, Inc.?

The stock symbol for Logiq, Inc. is LGIQ.

What trends are driving the demand for EV chargers?

The demand for EV chargers is driven by the increasing popularity of electric vehicles due to environmental concerns and cost savings.

How does Logiq plan to assist its clients in the growing EV market?

Logiq plans to assist clients by offering an on-demand digital marketing platform tailored to the EV charger installation marketplace.