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BEEM Beam Global

6.52
0.27 (4.32%)
11 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Beam Global NASDAQ:BEEM NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.27 4.32% 6.52 6.12 6.65 6.2899 6.1001 6.25 64,097 01:00:00

Beam Global Receives $1.7M Order from the North Carolina Department of Adult Correction for Sustainable EV Charging Infrastructure Products

01/02/2024 11:00am

GlobeNewswire Inc.


Beam Global (NASDAQ:BEEM)
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Beam Global, (Nasdaq: BEEM, BEEMW), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced that the North Carolina Department of Adult Correction has ordered 19 Beam EV ARC™ sustainable off-grid charging systems and 2 ARC Mobility™ trailers to enable efficient transportation of the products.

The Beam EV ARC™ systems are off-grid and powered by renewable energy, generating and storing their own clean electricity. Each system is deployed with no construction, no electrical work, no utility connection and is delivered as a turnkey sustainable charging solution. Because EV ARC™ systems are flood-proof to 9.5 feet, wind-rated to 160 mph and continue to provide electricity during blackouts, they are particularly well suited to provide disaster preparedness for DHS component agencies. The ARC Mobility™ trailer is a specialized hydraulic transport system designed to efficiently relocate EV ARC™ charging systems without the requirement for any other equipment or site work.

“Correction facilities and other secure or sensitive locations can rapidly deploy EV ARC charging systems without disruptive construction and electrical projects which introduce significant security risk and can be outright prohibited,” said Beam Global CEO Desmond Wheatley. “Our ability to have a single person deliver operational EV charging in minutes instead of months means that correctional officers do not need to security-clear multiple-member construction teams or manage security during lengthy projects. Any secure environment offers an excellent opportunity for further EV ARC deployments. This is another excellent example of the unique and valuable attributes our rapidly deployed, low touch, infrastructure products bring to the EV charging space.”

Government and private fleets are moving to electric vehicles which are less expensive to operate and maintain, and help achieve often mandated, zero-emission targets. Sites with physical security concerns like correctional facilities, both public and private, need EV charging infrastructure without the risk that traditional installation projects introduce. Onsite demand for EV chargers to support new fleet EVs, employee workplace charging and visitor charging is on the rise. The solar-powered EV ARC™ electric vehicle charging systems are rapidly deployed with no digging, no construction, no electrical work and none of the teams generally required to perform those tasks.

According to the Federal Bureau of Prisons and the Census of State and Federal Adult Correctional Facilities, there are 4,527 federal, state and local correctional facilities in the U.S., both public and private. Beam Global anticipates that all such facilities will require EV charging particularly where mandates such as the federal government’s requirement that all light duty vehicles be zero emissions by 2027 are in force.

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 BeamForAll.com, 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+1 651-335-0585Press@BeamForAll.com

Investor Relations:Core IR+1 516-222-2560IR@BeamForAll.com

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