Charge Enterprises Inc (fka CRGEQ)

[Picktool]

$CRGE Reports Record Infrastructure Backlog Surpassing $100 Million and Reaffirms Growth Strategy



* $107 Million Signed Infrastructure Project Backlog as of March 31, 2023
* Backlog Driven by Significant Growth in EV Infrastructure Division
* EV Charging Infrastructure Backlog Currently Represents over 20% of Total Backlog; Reaffirming Strategy to Invest in the EV Charging Infrastructure Sector

April 19, 2023 07:05 AM Eastern Daylight Time

NEW YORK--(BUSINESS WIRE)--Charge Enterprises, Inc. (Nasdaq: CRGE) (“Charge” or the “Company”), today reported record backlog after the close of the first quarter 2023 and reaffirmed its commitment to pursuing growth within the EV charging infrastructure sector.

"We have demonstrated through our record backlog that we continue to provide essential infrastructure services in the EV charging, broadband infrastructure and electrical infrastructure markets. The growth of our backlog is a testament to the leadership of our infrastructure divisions, the processes that we are implementing, and the teams that we are building,” said Andrew Fox, CEO of Charge.

"The growth of our EV charging infrastructure division, Charge Infrastructure (CI), reinforces our strategy to focus on the EV transition as a pillar of our company’s future. CI’s backlog growth, now representing over 20% of the total, supports that our unique and specialized offering is valued by our clients. Our 150 years of automotive OEM expertise, investment in educating our customers while we remain focused on white-glove service, and our commitment to deliver client-centric solutions throughout the project differentiates Charge. We continue to focus on our mission to be the trusted advisor for EV charging infrastructure ecosystems, and we are grateful to play a role in the transition from gas to electric powered vehicles,” Fox concluded.

Blah blah blah ... pretty close to delisting territory Andy

View source version on businesswire.com:
https://www.businesswire.com/news/home/20230419005240/en/