SAN DIEGO, March 07, 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 the Company has been named as
a supplier on the UK's CCS Spark Dynamic Purchasing System (DPS). CCS 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.
Beam Global has been awarded a place on the Spark Technology Innovation
Marketplace DPS agreement RM6094 for the supply of sustainable electric vehicle
(EV) charging infrastructure and energy security solutions. Beam Global's solar-
powered EV ARC(TM) EV charging infrastructure products are off-grid, generate and
store their own clean electricity, and are deployed with no electrical work, no
construction and no utility bill, reducing the government's costs through
avoided construction, electrical upgrades, operational disruptions and ongoing
utility bills. The systems can continue to charge EVs during blackouts and can
include the optional Emergency Power Panel that can provide vital electricity to
first responders during disasters, emergencies and power outages.
"This marks significant progress in our efforts to grow our European business
just a few months after expanding into that market with our acquisition of Amiga
and the creation of Beam Europe," said CEO of Beam Global Desmond Wheatley. "The
European automotive market is larger than China or the U.S. and Europe's
commitment to sustainability, electrification and renewable energy is active
both at the government and commercial levels. Having a purchasing contract in
place with the UK government, which is similar to the GSA schedule we have with
the U.S. federal government, is an excellent first step towards unlocking the
fantastic potential I believe exists for Beam Global in Europe. I am thrilled at
the prospect of expanding our business into markets which I believe will be
larger for us than the U.S. where we are currently experiencing such dramatic
organic growth."
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 EU has committed to reaching net-zero
emissions from energy infrastructure by 2050.
About Crown Commercial Service
CCS supports the public sector to achieve maximum commercial value when
procuring common goods and services. In 2021/22, CCS helped the public sector to
achieve commercial benefits equal to £2.8 billion - supporting world-class
public services that offer best value for taxpayers. CCS is an Executive Agency
of the Cabinet Office, supporting the public sector to achieve maximum
commercial value when procuring common goods and services. To find out more
about CCS visit crowncommercial.gov.uk (http://crowncommercial.gov.uk), X
(formerly Twitter) (https://twitter.com/gov_procurement) and LinkedIn
(http://www.linkedin.com/company/2827044).
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)
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