Get Cash Back and $0 Commissions
+ The Power of TradeStation

Beam Global Announces New Federal Customers Placed First-Time Orders for EV ARC Solar-Powered EV Charging Systems

Globe Newswire 13-Feb-2024 6:00 AM

SAN DIEGO, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM, BEEMW))), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced six federal customers have placed first-time orders, expanding the Beam Global footprint among its existing federal customers. The EV ARC™ systems were purchased through the General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 and the GSA Federal Blanket Purchase Agreement (BPA) for Electric Vehicle Supply Equipment Contract Number 47QMCA22A0004, contracts which simplify the federal procurement process and ensure best pricing.

The solar-powered EV ARC™ EV charging infrastructure products are off-grid, generate and store their own clean electricity, and are deployed with no electrical work, no construction and no utility bill, reducing the federal government's costs through avoided construction, electrical upgrades, operational disruptions and ongoing utility bills. The systems can continue to charge EVs during blackouts and most include the optional Emergency Power Panel that can provide vital electricity to first responders during disasters, emergencies and power outages.

The new federal customers, most of which are receiving numerous sustainable EV ARC™ charging systems powered 100% by renewable energy, are:

  • Defense Media Activity (DMA)
  • Food and Drug Administration (FDA)
  • Missile Defense Agency (MDA)
  • National Park Service (NPS)
  • Small Business Administration (SBA)
  • United Cleanup Oak Ridge (UCOR, federal contractor)

"Rapid deployment, energy resiliency, energy security and disaster preparedness are becoming key decision factors in the EV charging infrastructure build out, for federal, state and local government entities. The continued expansion of EV ARC deployments demonstrates the increasing need for rapidly deployed, energy resilient and highly scalable solutions," said Desmond Wheatley, CEO of Beam Global. "Disaster preparedness and energy resiliency are fast becoming national security level imperatives. We agree with the goal to have 25% of EV charging infrastructure be off-grid, locally generated, locally stored and locally delivered, powered by 100% renewable energy. We expect to continue to deepen and expand our government business in the U.S. and globally."

The federal fleet is comprised of approximately 657,500 vehicles. Executive Order 14057 with its accompanying Federal Sustainability Plan calls for 100% zero-emission vehicle acquisitions by 2035, including 100% light-duty acquisitions by 2027. This is prioritizing and accelerating a Federal Clean Electricity and Vehicle Procurement Strategy, calling for clean and zero emissions vehicles (ZEVs) for federal, state, local and tribal government fleets, including vehicles of the United States Postal Service.

In addition to the GSA-MAS and GSA-BPA contracts which simplify the federal procurement process and ensure best pricing, Beam Global products are on GSA's Disaster Purchasing Program which allows state and local government entities to buy directly from GSA-MAS Contract Number 47QSWA21D0006 at the federal discounted price to facilitate disaster preparation, response, or major disaster recovery.

About Beam Global

Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Headquartered in San Diego with facilities in Chicago, Belgrade and Kraljevo, Beam Global has a deep patent portfolio and is listed on Nasdaq under the symbols BEEM and BEEMW. For more information visit, LinkedIn, YouTube and X (formerly Twitter).

Forward-Looking Statements

This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may," or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations, including, but not limited to the following statements: statements regarding the acquisition of Amiga, its expected benefits, and the anticipated future financial performance as a result of the acquisition. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global's actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

Media Contact:
Skyya PR
+1 651-335-0585

Investor Relations:
Core IR
+1 516-222-2560

Image for Press Release 1842241
Image for Press Release 1842241

Primary Logo