Blink’s Cloud-Based System Increases 42% Since 2017
Miami Beach, Florida, May 22, 2018 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK, BLNKW) (“Blink Charging” or the “Company”), a leading electric vehicle (EV) charging station owner, operator, and provider, announced the Company has crossed an important growth milestone as its cloud-based Blink Network reached more than 125,000 members, growing from 88,000 members since early 2017 resulting in growth of over 42%.
The Blink Network includes over 14,000 deployed EV chargers nationwide. Publicly accessible chargers are available for anyone to charge their cars, however Blink’s free membership awards certain additional benefits, including discounted charging fees, streamlined access to public EV charging stations, and a free Blink InCard which can be used to pay for charging at Blink stations. Both guests and members can use the Blink Mobile App to locate Blink Chargers, and use it to choose from various payment options as well.
“Anyone can use Blink Chargers without being a member, so this milestone is a significant indicator of how many EV drivers are active, committed, and engaged with the Blink Network,” said Michael D. Farkas, Founder and Executive Chairman of Blink Charging Co. “We are continuing to expand our robust network and deliver on our promise to make EV charging accessible to drivers wherever they may be going.”
Blink’s membership milestone was announced on the heels of rapid EV charging station expansion throughout the U.S. in both commercial and residential locations.
"It is mission critical to be visible and accessible to drivers,” continued Mr. Farkas. “The industry has reached a tipping point, and as drivers begin switching to EV, property owners will be ready to service them.”
About Blink Charging Co.:
Blink Charging (NASDAQ: BLNK, BLNKW) is one of the leaders in nationwide public electric vehicle (EV) charging equipment and services, enabling EV drivers to easily charge at locations throughout the United States. Headquartered in Florida with offices in Arizona and California, Blink Charging’s business is designed to accelerate EV adoption.
Blink Charging offers EV charging equipment and connectivity to the Blink Network, a cloud-based software that operates, manages, and tracks the Blink EV charging stations and all the associated data. Blink Charging also owns and operates EV charging equipment predominantly under the Blink brand, as well as using a number of other charging station equipment manufacturers such as ChargePoint, General Electric (GE) and SemaConnect. Blink Charging has strategic property partners across multiple business sectors including multifamily residential and commercial properties, airports, colleges, municipalities, parking garages, shopping malls, retail parking, schools, and workplaces.
For more information about Blink Charging, please visit BlinkCharging.com
Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of Blink Charging Co., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
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