SAN DIEGO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Beam Global
(https://beamforall.com/), (Nasdaq: BEEM
(https://finance.yahoo.com/quote/BEEM/), BEEMW) ("Beam Global" or the
"Company"), a leading provider of innovative and sustainable infrastructure
solutions for the electrification of transportation and energy security, today
announced the Company will host a live-streamed tour of its newly acquired
European operations on Thursday, November 9, 2023 at 6 a.m. PT / 9 a.m. ET / 3
p.m. CET. Presented by CEO Desmond Wheatley, the tour is open to registered
participants and will include the new Beam Europe office, engineering and
manufacturing facilities.
Registration is required at the Tour Beam Europe registration link
(https://us02web.zoom.us/webinar/register/2016988850192/WN_Z9KAarcsRRqbv1BcNSG_c
w). Attendance can be live, or, for those who register and cannot attend, a link
to the recording will be emailed.
"This tour will give anyone who is interested in Beam Global's growth the chance
to see the extensive and well-equipped facilities which we now own in the
largest market for our products in the world," said Beam Global CEO, Desmond
Wheatley. "We will also introduce members of our new European team of engineers
and manufacturing experts who are already engaged with our US-based employees in
introducing our current and future, patented products to what we believe will be
a rapidly growing market for us."
Expanding Market Reach, Product Development and Capacity
Beam Europe, with 210 employees and long-standing development, engineering,
manufacturing and sales expertise, greatly expands market reach, product
development and manufacturing capacity to fast-track growth into the European
market. Beam Global's current and future suite of products are ideally suited
for deployments in the EU because they require no construction or electrical
work, are renewably energized and do not rely on the utility grid for
electricity. The facilities, formerly Amiga, are home to one of Europe's leading
manufacturers of streetlights and are well equipped to bring Beam Global's
patented EV Standard(TM) to market both in Europe and the U.S. The Company also
believes the acquisition will increase barriers to entry for future competition
and advance Beam Global's position as a leader in the green economy.
On October 24, 2023, Beam Global closed the acquisition of Europe based Amiga
DOO Kraljevo, an established manufacturer of specialized structures and
equipment including streetlights, communications and energy infrastructure,
whose manufacturing, engineering and sales teams serve municipalities, states
and commercial customers in 16 nations. Beam Global views expansion into the
European market as a major opportunity for growth. 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 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 and 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)
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