SAN DIEGO, Dec. 14, 2023 (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 a leading European market
telecommunications operator placed orders for telecommunications infrastructure
products, valued at over US$1 million year to date, with US$750k since Beam
Global's acquisition of Amiga and the formation of Beam Europe.
The customer has worked with Beam Global's European operations, formed as a
result of the Beam Global acquisition of Amiga D.O.O in October of this year,
for over 20 years. Innovations coming to the telecommunications industry include
energy resiliency, micro-grid technology and sustainable solutions. Renewable
energy and battery storage is becoming increasingly important to the
telecommunications leaders striving to provide the most sustainable and reliable
connectivity in their respective regions.
"We view our long standing and successful relationships with telecommunications
companies as important particularly as we introduce EV Standard(TM) to the market
which we believe will provide an ideal mounting asset for micro cell sites and
other communications equipment as well as EV charging solutions, because it has
a built-in, uninterrupted power supply in our proprietary on-board batteries and
is not vulnerable to grid interruptions," said Beam Global CEO Desmond Wheatley.
"Working with a European market leader on vital infrastructure is a perfect fit
with our global mission and is further validation of our combined capabilities.
We believe that the series of orders from this leading telecommunications
customer speaks to the high quality, professionalism and timely performance of
Beam Europe to serve the leading and largest organizations in the region."
To address energy security, the patented EV Standard(TM) solution can continue to
provide EV charging, a source of emergency power and light during grid outages
as well as support and power other vital infrastructure such as cellular
communications, IoT connected devices, smart city sensors and environmental
monitors.
"This telecommunications market leader is an important customer and we are happy
to continue to receive growing orders from them," said Ivan Tlacinic, Head of
European Operations at Beam Gobal. "We have the right experience, equipment and
engineering expertise to provide the high quality and performance the customer
has come to expect, and we look forward to sharing our new Beam Global products
with them as we successfully deliver on our current orders."
Infrastructure is taking center stage in Europe. The main objective of
the European Programme for Critical Infrastructure Protection (EPCIP)
(http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2006:0786:FIN:EN:PDF)
is to reduce the vulnerabilities of critical infrastructure and increase their
resilience, protecting the assets or systems which are essential for the
maintenance of vital societal functions. Energy security, energy resilience and
energy infrastructure are core to the Beam Global mission and its innovations,
which align perfectly with broader industries in the critical infrastructure
space. The need to secure vital access to energy and communications is key to
the equally vital electrification of transportation.
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