Mack Trucks’ customers will now have access to Blink’s EV equipment specially designed and optimized for fleets.
Miami Beach, Fla., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, today announced it has been selected as a full-service EV infrastructure provider for Mack Trucks through Mack’s Vendor Direct Ship and Turnkey Solutions program.
Mack Trucks selected Blink and its reliable, scalable EV equipment and extensive fleet expertise. As operators look to electrify their fleets, Blink and its advanced EV charging products provide dedicated expertise to help accurately assess particular fleet needs to optimize infrastructure services and provide end-to-end software solutions. Additionally, Blink has commenced deploying workplace chargers at multiple Volvo and Mack facilities nationwide.
“We applaud the efforts of Mack for their forward-thinking in advancing fleet electrification and we are excited to be selected as a charging partner in their Turnkey Solutions program, providing reliable and advanced charging solutions,” said Jim Nemec, Chief Revenue Officer at Blink Charging. “Building a dependable charging infrastructure is vital in keeping electric fleets operational and on the road. We look forward to continuing to work with Mack as they move to bring e-mobility to fleets around the country.”
Mack Trucks' Turnkey Solutions program covers all phases of infrastructure development. Encompassing initial site consultations, acquisition of charging hardware and software, permit procurement, installation processes, liaising with utility companies, and maintenance of the charging equipment. It also helps fleets find incentives and write grant proposals.
“Our charging partnerships and the Turnkey Solutions program as a whole will enable customers to more easily manage the development and installation of infrastructure for the Mack MD Electric and Mack LR Electric vehicles,” said Ryan Saba, Mack energy solutions manager. “The strategic partnerships Mack has in place will aid customers with support, including charger uptime. This is a key differentiator for Mack since charging components continue to be difficult to secure.”
This news follows Blink’s robust third-quarter results, evidencing a notable increase in revenues by 152%, totaling approximately $43.4 million, and a surge in gross profits by 167% to roughly $12.8 million in contrast to Q3 2022. Blink also announced plans to expand operations in the United Kingdom and Ireland by launching its advanced EQ 200 charger, continuing its global expansion initiative.
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK), a global leader in electric vehicle (EV) charging equipment, has contracted, sold, or deployed nearly 85,000 charging ports worldwide, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of Blink’s charging locations. Blink’s principal line of products and services includes the Blink EV charging network (“Blink Network”), EV charging equipment, EV charging services, and the products and services of recent acquisitions, including SemaConnect, Blue Corner, BlueLA and Envoy. 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 half of passenger cars sold in the US by 2030, Blink 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
BLINK CHARGING ANNOUNCES RECORD THIRD QUARTER WITH 152% REVENUE GROWTH TO $43.4 MILLION AND 167% INCREASE IN GROSS PROFIT
Download as PDFNovember 09, 2023 4:02pm EST
$BLNK $GOEV $MMMW oversold.
$BLNK and $MMMW has goals of impacting an important industry.
Blink Charging virtual panel discussion this Thursday May 11 at 9am central time with The Coretec gGoup and Graphex Group .You can register from a link on this news release about the call. It lasts one hour .
$BLNK vs $IDEX EV Buses https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171402398
seen a lot of value lost htsi year in may account but. am long time holder of EV, Clean energy, fuel cell stocks.
I hope this correction continues and ten the decent companies get sorted out, generally current valuations sem to match current business. So those with obvious growth strategy and execution capabilities should get valued higher and the rest left behind until they can deliver.
BLNK is one of my best as I got in early so stil up over 150% (my IRA PLUG is near 1000% still)
Ah ok thanks. Long time UK
I am assuming this is just the clean energy / EV market bouncing and those with growing revenues bounce more than those who don't.
Stock is going back to 6 bucks when people realize Farkas was selling stock in the market through nominees. Lawsuits are out there if you don’t believe
Easy 17 here. This market is a joke to on PE stocks
nice range of new products launched
Seem to have their marketing lined up with consistent messaging, they just need to make sure they can ramp up sales/installations using these new products as the entry point
The stock price is at an inflection point. It has retraced to a support level from lofty highs but may still technically be overvalued. They need to show strong growth to justify going back up over the next year.
Miami Beach, Florida, May 25, 2018 (GLOBE NEWSWIRE) — Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink Charging” or the “Company”) a leading owner, operator and provider of electric vehicle (EV) charging services announced today that it has raised over $15 million in proceeds from holders exercising and the Company issuing 3,655,143 common stock purchase warrants, exercised at $4.25 a share. The warrants were issued as part of the units sold in the Company’s public offering which closed on February 16, 2018.