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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Blink Charging Company | NASDAQ:BLNK | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.1508 | 4.96% | 3.1908 | 3.19 | 3.20 | 3.24 | 3.07 | 3.09 | 5,260,952 | 20:37:04 |
Michael D. Farkas, Chairman, and Chief Executive Officer stated, “2019 was a year of focusing our resources on the development, pilot, and launching of the IQ 200. As such, we invested in the upgrade and large-scale improvements of our proprietary Blink network to ensure scalability and reliability with future demand surges. We continue to focus on sales and marketing expansion, as reflected in increases in product sales and network fees and will continue growing all revenue lines with our unique business model that provides property hosts with a range of solutions tailored to their specific needs. Our new equipment offerings have been extremely well-received within the industry with property partners and industry experts, further driving the demand for our products and services. Despite the volatility of the markets due to the COVID-19 crisis, we continue to create the infrastructure necessary to support our customers, while taking precautionary measures to protect our employees, staff, and stakeholders. Over the next several months, we plan to maintain our momentum as a major player in the exciting and growing EV market through a disciplined approach.”
2019 and Recent Corporate Highlights:
About Blink Charging Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment that has deployed over 23,000 charging stations, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of its charging locations worldwide. The Company’s principal line of products and services is its Blink EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network utilizes a proprietary cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million by 2025 from approximately 2 million in 2019 (Bloomberg.com, “China’s Hunger for Electric Vehicles Is Driving Manufacturing, 2019), the Company has established key strategic partnerships to rollout adoption across numerous location types, including parking facilities, multi-family residences and condos, workplace locations, healthcare/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.
Forward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, and terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and those described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
Blink Media Contact PR@BlinkCharging.com Blink Investor Relations Contact IR@BlinkCharging.com855-313-8187
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