HS Alliance
Agreement will help strengthen electric vehicle charging infrastructure in El Salvador and pave the way for more sustainable transportation
Miami, Fla., Aug. 15, 2022 (GLOBE NEWSWIRE) — Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink”), a leading owner, operator and provider of electric vehicle (EV) charging equipment and services , today announced an agreement with AES El Salvador to deploy 50 IQ 200 Level 2 Fast Chargers in various regions of El Salvador over the next few years. The agreement will accelerate El Salvador’s transition to cleaner and more sustainable transport.
Blink chargers will be connected to the advanced Blink Network platform, allowing drivers to locate networked charging stations and use the Blink Charging mobile app. The Blink Network also offers a management portal allowing administrators to access real-time usage information for each charger.
“We are thrilled to work with AES El Salvador on this forward-thinking venture,” said Juan Carlos Barahona, Senior Director of Global Operations at Blink Charging. “As the number of electric vehicles in Latin America is expected to double every year over the next eight years, more public and private charging stations will be needed to support this accelerated growth. Blink Charging believes in the power of strategic alliances to encourage this growth, and we are proud to establish this alliance with AES.
AES, through its Solutions division, will lead the installation of modern, medium and fast charging stations in the strategic locations of its business partners, such as hotels, restaurants, supermarkets, shopping malls, universities , parks and private car parks.
“Undoubtedly, these efforts will be bolstered by the vast experience of Blink Charging through the strategic alliance we are celebrating today. We will work together to establish an entire network of charging stations in different regions of the country so that users of this means of transport can be confident that they will always have a safe and nearby charging station,” said Abraham Bichara, Executive Chairman of AES El Salvador.
The two companies stressed that, to promote more environmentally friendly driving and guarantee its sustainability over time, alliances that allow such development and expansion are necessary.
With this alliance, AES El Salvador, in collaboration with Blink Charging, reinforces its commitment to innovation through electric mobility, thus providing the sustainable and environmentally sustainable energy solutions that El Salvador needs to accelerate the future of energy.
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ABOUT FLASHING LOAD
Blink Charging Co. (Nasdaq: BLNK, BLNKW), a leader in electric vehicle (EV) charging equipment, has deployed more than 51,000 charging ports in 25 countries, many of which are networked EV charging stations, allowing EV drivers to easily charge anywhere. Blink charging points around the world. Blink’s core product and service line includes the Blink EV Charging Network (“Blink Network”), EV charging equipment, EV charging services and products and services from recent acquisitions, including Blue Corner and BlueLA. The Blink Network uses proprietary cloud-based software that operates, maintains and tracks network-connected electric vehicle charging stations and associated charging data. With global EV purchases expected to reach 10 million vehicles by 2025 from approximately 2 million in 2019, Blink has established key strategic partnerships to drive adoption in many types of locations, including parking lots, multi-family residences and condos, workplaces, healthcare/medical facilities, schools and universities, airports, car dealerships, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets and transport hubs. For more information, please visit https://www.blinkcharge.com/.
About AES El Salvador Since 2019, AES El Salvador, through its Solutions Division, has been promoting electromobility in the country. To date, it has installed 12 charging stations, including 4 in places of public access. It also has an operational fleet of 15 electric vehicles and plans to grow to 19 by the end of this year.
Forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, as well as words such as “anticipate”, “expect”, “intend”, “may”, “will”, “should” and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. These statements include statements regarding the current intention, belief or expectations of Blink Charging and its management, and the assumptions on which such statements are based. Potential investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including risks relating to the acquisition of SemaConnect, as well as Blink Charging’s ability to integrate the acquired business. timely and achieve the revenue, cost savings and profit levels from such acquisition at or above expected levels, and the other risks described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by these forward-looking statements. Except as required by federal securities law, Blink Charging assumes no obligation to update or revise any forward-looking statements to reflect changed terms.
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