San Antonio City Council Names Blink Charging as Provider of EV Charging Infrastructure for the City’s EVSA Program Following Competitive Proposal Process
First Phase of EV San Antonio program to include up to 140 Blink Owned Level 2 Charging Ports and 3 DC Fast Chargers
Miami Beach, FL – February 9, 2020 – Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, announced an agreement with the City of San Antonio, TX. The award makes Blink Charging the provider of EV charging equipment for the city’s EVSA program aimed at increasing access to public EV charging infrastructure. Initially, the award enlists the Company to deploy up to 140 Blink owned level 2 charging ports and 3 DC fast-charging stations throughout the city.
The Company won the bid after a competitive process. The award was approved by the San Antonio City Council on Thursday, February 4, after a thorough review of Blink, the Blink equipment, services, and team. Blink also was able to offer the city a cost neutral proposal for the EV charging program through the Company’s unique ownership model. Blink and the City of San Antonio will share the ongoing revenue from the charging stations.
“We’re excited to serve as an EV charging operator for the City of San Antonio. It is a testament that the quality of the Blink products and services and the differentiation of our business models which are our key competitive differences in the EV charging industry,” commented Michael D. Farkas, Founder and Chief Executive Officer of Blink.
“As a company, Blink is honored to help the city achieve its climate, sustainability, transportation, and air quality goals. Encouraging widespread adoption of EVs is core to Blink’s mission, and this includes minimizing the barriers to EV charging for all residents. Texas continues to be a growth market for us and for EVs, and this project will help to increase public awareness by increasing the number of charging options available in the state. We are committed to bringing affordable, convenient, and efficient charging stations to the growing number of EV drivers, and the addition of the stations in San Antonio further enhances our position as a leading provider in the ongoing development of EV infrastructure,” commented Mr. Farkas.
The first phase of this agreement will see 50 dual-port Blink owned chargers deployed in strategic locations around the city. Blink will analyze suggested publicly-accessible sites by conducting thorough assessments across San Antonio in order to identify ideal locations for its IQ 200 Level 2 EV charging stations. This project supports the City’s EV San Antonio program led by the Office of Sustainability. EVSA is a multi-faceted program designed to support electric transportation and EV drivers through education, encouragement, infrastructure, and policy with a focus on equity.
Emissions from the transportation sector are the second largest contributor to San Antonio’s greenhouse gas emissions, according to SA Climate Ready, Climate Action & Adaptation Plan. Electric vehicles produce zero emissions and will make San Antonio a cleaner and more livable city for all its residents.
To support its business model, Blink plans to apply for grant funds from the state-wide Texas Volkswagen Environmental Mitigation Program (TxVEMP through the Texas Commission on Environmental Quality (TCEQ). This historic $10.4 million fund is specifically for establishing Level 2 charging across Texas in order to improve air quality.
“The City of San Antonio is looking forward to working with Blink on this project. Through our analyses, we know that large sections of our city are without EV charging infrastructure or have limited charging options. We hope that additional charging infrastructure that is publicly-accessible will relieve range anxiety and communicate that San Antonio is an EV-friendly city,” stated San Antonio Deputy Chief Sustainability Officer Julia Murphy.
ABOUT BLINK CHARGING
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment and has deployed over 23,000 charging stations, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Blink Charging’s principal line of products and services include its Blink EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network uses 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, the Company has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/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. For more information, please visit https://www.blinkcharging.com/.
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, along with terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should,” and 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, including 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.
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