SAN DIEGO, March 12, 2024 (GLOBE NEWSWIRE) -- Beam Global
(https://beamforall.com/), (Nasdaq: BEEM
(https://finance.yahoo.com/quote/BEEM/), BEEMW), a leading provider of
innovative and sustainable infrastructure solutions for the electrification of
transportation and energy security, announced that Beam Global has received its
first order from the UK Ministry of Defence (MoD) for ten EV ARC(TM) sustainable
electric vehicle charging systems and one ARC Mobility(TM) trailer to be deployed
at British Sovereign Bases on Cyprus through Project EVOLVE-Rapidly Deployable
and Transportable Electric Vehicle Charging Solution per the requirement set out
by the Crown Commercial Service (CCS) Spark Technology Innovation Marketplace
Dynamic Purchasing System (DPS) Agreement (RM6094). The US$1 million order was
placed through CCS which is the main purchasing vehicle for UK government
entities and supports the public sector to achieve maximum commercial value when
procuring common goods and services.
"Meeting the myriad challenges posed by climate change requires close
collaboration between international allies. This fantastic project shows the
strength and benefit of the UK and U.S. industry partnership," said Brigadier
Tom Harper - the British Strategic Command attaché to the U.S. "Beam Global's
patented solar-powered EV ARC will provide not only clean energy for British
military electric vehicles in Cyprus, but the product is multi-utility and will
be trialled to provide green energy and power key defence equipment in remote
locations and overseas areas."
The patented Beam EV ARC(TM) system is a solar-powered, off-grid charging solution
that is rapidly deployed with no construction, no electrical work and no utility
connection. Well-suited for military and commercial deployments, hundreds of
systems have been deployed across U.S. locations for the U.S. Army, U.S. Marine
Corps, U.S. Department of Homeland Security and several other U.S. federal
agencies. Each EV ARC(TM) system generates and stores its own clean electricity and
delivers that electricity to up to six Level 2 EV chargers capable of charging
up to six electric vehicles simultaneously. The EV ARC(TM) fits in a standard
parking space, is transportable and includes an Emergency Power Panel that can
provide vital electricity for military equipment and personnel.
"We closed the acquisition that created Beam Europe in Q4 of 2023, and in Q1 of
2024 have been named a supplier to the UK government and have already received
our first million dollar order from the British military. These EV ARC systems
are the first to be deployed from the Beam Europe factory," said Beam Global CEO
Desmond Wheatley. "It took us five years to get our first million dollar order
in the U.S. It's taken five months to do the same thing in Europe. We are proud
to add the UK Ministry of Defence to our list of military customers and we are
delighted to kick off our European business with such a notable first order. The
European automotive market is larger than China or the U.S. and is ideally
suited for the deployment of Beam Global's current and future suite of
sustainable EV charging products."
HM Government of the United Kingdom has committed that government owned cars and
vans be zero emissions by 2027 and that 80% of all new cars sold in the UK in
2030 are zero emissions moving to 100% by 2035. According to Whichcar.com,
Europe has approximately 405 million cars compared to approximately 290 million
in the U.S. and 319 million in China based on CEIC data. In June of 2022, the
European Parliament backed the European Commission's proposal of zero emissions
from new cars and vans by 2035. The European Union (EU) has committed to
reaching net-zero emissions from energy infrastructure by 2050.
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
(https://beamforall.com/), LinkedIn
(https://www.linkedin.com/company/beamforall/), YouTube
(https://www.youtube.com/BeamForAll) and X (formerly Twitter)
(https://twitter.com/BeamForAll).
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
+1 651-335-0585
Press@BeamForAll.com (mailto:Press@BeamForAll.com)
Investor Relations:
Core IR
+1 516-222-2560
IR@BeamForAll.com (mailto:IR@BeamForAll.com)
Â