Beam Global Wins New State

SAN DIEGO, June 29, 2022 (GLOBE NEWSWIRE) — Global beam( BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle charging, energy storage, energy security and outdoor media, announced that the State of California has awarded Contract #1 -22-61-16 for the supply of electric vehicles. ARC™ Sustainable Electric Vehicle Charging Systems through the Department of General Services (DGS) at Beam Global. The State of California, local and municipal government entities, and other US state government entities can purchase Beam products at the California-negotiated price, without having to go through a lengthy procurement or technology review process. The price is in effect from June 24, 2022 to June 23, 2025 and can be renewed until June 23, 2027.

Use of the DGS contract is mandatory for all California state departments and is available for use by local California government agencies. The state has opened this procurement vehicle to government entities in all 50 states who choose to use the California contract to purchase Beam’s rapid deployment solar electric vehicle charging systems at the same volume price offered to the state of California. The deal includes multiple configurations of the 2020 ARC™ EV, ARC™ DC EV Quick Charge System, ARC Mobility™ Trailer and Emergency Preparedness Accessories. This represents an expansion from previous California contracts to include more Beam Global products than were available on previously awarded contracts.

Off-grid and solar-powered, each ARC™ 2020 EV generates and stores its own electricity, then delivers that energy to power any Tier 2 quality branded EV charger. Transportable yet permanent, it fits in in a standard parking space without reducing available parking and can charge up to 6 vehicles simultaneously. The ARC Mobility™ Trailer is a specialized hydraulic transport system that allows a single operator to easily move 2020 EV ARC™ systems. , without a network connection or with excessive upgrade or power costs. The contract includes Beam’s emergency power solutions that provide a safe and reliable source of electricity for electric vehicle charging and first responders during natural disasters or other periods of power grid disruption.

“This new contract with California is both a powerful validation of our products that the state has used for many years and also a strong indication of California’s commitment to electrifying transportation and using infrastructure products. rapidly deployed, durable and rugged charging stations that are made in the USA to power this next generation of vehicles,” said Beam Global CEO Desmond Wheatley. “Consumers, businesses and governments are embracing electric vehicles at a faster pace than ever and yet we are only at the beginning of this massive change. The need for electric vehicle charging infrastructure is becoming greater and more urgent every day. Our ability to rapidly scale and deploy EV chargers without construction or electrical work and without utility bills, grid capacity constraints or vulnerability to power outages, is increasingly recognized as critical to the success of this scale. . We are busier than ever, but expect to be a lot busier.

California Governor Gavin Newsom presented a $286.4 billion budget proposal in January, dubbed the “California Blueprint.” The plan suggests spending $22.5 billion to address the state’s burgeoning climate crisis, allocating $6.1 billion to initiatives related to electric vehicles. California also became the first state to commit to effectively ban sales of new internal combustion engine or gasoline-powered vehicles by 2035. President Biden signed Executive Order 14008 and subsequent Executive Order 14057 with his federal sustainability plan that calls for 100% Zero-Emission Vehicle Acquisitions by 2035, including 100% light-duty vehicle acquisitions by 2027. The bipartisan Infrastructure Investment and Jobs Act (IIJA) authorized $7.5 billion to build a national EV charging network of 500,000 chargers.

California and other state, local, and municipal entities may purchase from DGS contract # 1-22-61-16, and federal agencies may purchase from GSA contract number 47QSWA21D0006. Both contracts serve to simplify the government’s procurement process and make the chosen solutions available at the best negotiated price. For more information on Beam’s sustainable energy charging and storage solutions, please contact the [email protected] or 858-799 4583.

About Beam Global

Beam Global is a cleantech leader providing innovative and sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media. Core platforms include Beam EV ARC™ and Solar Tree® sustainable electric vehicle charging systems, high-performance Beam AllCell™ energy storage solutions, energy resilience and disaster preparedness products, and an extensive patent library.

Beam EV ARC™ electric vehicle charging infrastructure systems support all quality brand name electric vehicle charging service equipment, and Beam AllCell™ battery solutions power micro-mobility, electric land vehicles , aviation, marine and leisure vehicles as well as stationery and energy security platforms.

Beam develops, patents, engineers, designs and manufactures unique and advanced clean mobility solutions that protect the environment, save customers time and money, empower communities and keep people moving. Based in San Diego and Chicago, the company makes products made in America with a mission to lead the world toward clean mobility. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW. For more information, visit BeamForAll.com, LinkedIn, YouTube and 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 words or phrases such as “estimate”, “project”, “predict”, “believe”, “expect”, “anticipate”, “target”, “plan”, ” intend to”, “seek”, “aim”, “will”, “should”, “may”, or other similar words and expressions that convey 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 proposed acquisition, its expected benefits, the expected timing of the acquisition and expected future financial performance following 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 differ materially from these forward-looking statements. There can be no assurance that the proposed acquisition of AllCell will be completed. Except to the extent required by law, Beam Global expressly disclaims any obligation to update forward-looking statements.

Media Contact:
Next PR
+1 813-526-1195
[email protected]

Investor Relations:
Kathy McDermott
[email protected]
+1 858-799-4583

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1822e1d7-bf6e-4f5e-bceb-46a92aef65a8

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