* Purchase orders up 128% year-over-year with over half of U.S. orders from

    new customers
  * Beam Global ships first EV ARC(TM) systems for UK Ministry of Defence (MOD)
    from European facility
  * Beam Global CEO Desmond Wheatley and the Company's executive team to ring
    the opening bell at Nasdaq today

SAN DIEGO, July 02, 2024 (GLOBE NEWSWIRE) -- Beam Global
(https://beamforall.com/) (Nasdaq: BEEM
(https://finance.yahoo.com/quote/BEEM/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3
cuZ2xvYmVuZXdzd2lyZS5jb20v&guce_referrer_sig=AQAAAFCkZalsqNcvJcE9gbjg7Cm2s-
e4EYgYbLThelC2QpINErx8Ij7CtWs0kMbdApvtrHdd2b4ZzGcyxNcYBefYRsbswPNR9QX0Br8Twqqikf
5kgVl0vYRcljAyRF8BwRZmapd2QwNeeQj1cRkxxpHW2paqq0BL52Fx0PxLa8ffp21D)), a leading
provider of innovative and sustainable infrastructure solutions for the
electrification of transportation and energy security, today announced record Q2
new orders of $10.6 million, up 128% year-over-year.
Beam Global expanded government contracts with new and repeat orders from state
agencies in California, Massachusetts, Nevada and North Carolina and from 15
local government entities. The Company's U.S. commercial business continued to
grow with Q2 commercial orders up 66% year-over-year. Government and commercial
customers in the U.S. continue to expand electric vehicle (EV) charging
infrastructure to support sustainability initiatives, community and workplace
programs, fleet electrification and emergency preparedness. Beam Global's
products serve as backup power sources in times of black and brown outs caused
by severe weather and/or lack of capacity caused by increased electricity
demand. In Europe, Beam Global shipped its first EV ARC(TM) systems to Cyprus for
the UK Ministry of Defence, marking a significant milestone since the Company's
entrance into the European market.
Additional Q2 Company Highlights:
* Delivered products in the U.S. to: California, Tennessee, Kentucky, Indiana,

    Maryland, Virginia, Pennsylvania, Puerto Rico, Texas, Ohio, Utah, Hawaii,
    New York, North Carolina, Minnesota, Wisconsin, Arizona, Colorado, New
    Mexico, Illinois, Iowa and Nevada
  * Shipped products in Europe to: Serbia, Croatia, Greece, Romania, Cyprus,
    Montenegro, Bosnia and Herzegovina
  * Over half of Q2 EV ARC(TM) orders are new customers, expanding the customer
    base, including:
      * Two major California public transportation providers
      * A global supplier of advanced mobility products and systems
      * Sacramento Municipal Utility District (SMUD)
      * Data center leader based on security and grid relief features
      * U.S. Federal Railroad Administration
  * New customer deployments included 16 non-Federal customers
  * New orders from U.S. commercial business in Q2 increase 66% year-over-year
  * Over half of Q2 EV ARC(TM) orders are multi-unit orders
  * Won new custom industrial battery design for major multinational
    conglomerate

* Manufactured a record number of ARC Mobility(TM) trailers allowing customers

    the ability to rapidly relocate their EV ARC(TM) systems
  * Upgraded power management data and added EVSE with FedRAMP level data
    security authorization

"The Beam Team has had a solid first half of 2024 and we are only just beginning
to see the impact from our expansion into Europe where we sold our first
million-dollar order in less than five months from the creation of Beam's
European operations - a milestone which took five years in the U.S.," said
Desmond Wheatley, CEO of Beam Global. "We had a healthy mix of repeat and new
customers in the first and second quarters and we see our commercial business
continuing to expand. Today I am joined by Beam Global management from the U.S.
and Europe to ring the opening bell, celebrating five years on Nasdaq during
which time we have increased our revenues tenfold; improved gross profitability
to the point where the potential for positive cashflow is within our visible
horizon; won multiple international patents; added a battery business unit;
expanded into the largest market in the world for our products - Europe - and
increased the power and efficiency of our EV ARC product dramatically. We are
about to introduce a new, sustainable curbside EV charging infrastructure
product and we have several other new products in our patent pipeline. We
continue to be debt free, have sufficient cash on hand and have access to an
untapped one-hundred-million-dollar line of credit. While the EV industry has
recently seen some negative and often contradictory reporting, we continue to
feel extremely positive about Beam Global's progress and long-term growth,
particularly as we expand our patented product portfolio and open up new
national and international markets."
To learn more about Beam Global's sustainable EV charging energy storage and
energy security solutions visit BeamForAll.com (https://beamforall.com/).
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. For more information visit BeamForAll.com
(https://beamforall.com/), LinkedIn
(https://www.linkedin.com/company/beamforall/), YouTube
(https://www.youtube.com/BeamForAll) and X
(https://x.com/i/flow/login?redirect_after_login=%2FBeamForAll) (formerly
Twitter).
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 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.
Investor Relations:
Core IR
+1 516-222-2560
IR@BeamForAll.com
Media Contact:
Skyya PR
+1 651-335-0585
Press@BeamForAll.com
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