Beam Global Receives $29.4M Order from TechFlow to Provide

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SAN DIEGO, Nov. 16, 2022 (GLOBE NEWSWIRE) — Beam Global, (Nasdaq: BEEM, BEEMW), the main supplier of progressive sustainable merchandise and applied sciences for electrical car (EV) charging, power storage, power safety and outside media, introduced that TechFlow Inc. has chosen Beam Global’s sustainable EV ARC™ electrical car charging programs to fulfill its 367-unit award from the U.S. Army Material Command. The EV ARC™ charging programs might be deployed for the U.S. Army Installation Management Command (IMCOM) at 50 places in 28 states and Puerto Rico. The award was made in help of Executive Order 14057 which requires 100% zero-emission federal fleet car acquisitions by 2035, together with 100% gentle obligation acquisitions by 2027.

“We evaluated the requirements of the U.S. Army and determined that the Beam Global EV ARC systems offered the best solution to meet the Army’s challenging off-grid EV charging requirements,” mentioned TechFlow COO Mark Carter. “We look forward to working with the Beam Team on the rapidly deployed off-grid systems to power the fast-growing federal fleet of EVs for years to come.”

Each EV ARC™ charging system generates and shops its personal electrical energy and delivers that energy to two Enel X Way JuiceBox® Pro chargers to gas two electrical autos concurrently. Off-grid and powered by renewable power, the EV ARC™ programs are quickly deployed turnkey sustainable charging programs requiring no development, no electrical work and no utility connection. On-board battery storage permits EVs to cost throughout the evening, inclement climate and grid outages, and the Emergency Power Panel can present important electrical energy to army personnel and first responders in distant places or throughout disasters and grid outages. The EV ARC™ programs could be related to the grid within the occasion that the Army choses to accomplish that.

“Beam Global’s Made-in-America EV ARC systems are the only 100% solar-powered, transportable, rapidly deployed EV charging systems that fit in a single parking space without reducing available parking. Partnering with TechFlow’s experienced team to supply the U.S. Army is an excellent fit,” mentioned Desmond Wheatley, Beam Global CEO. “The ambitious goals to electrify the federal fleet will require an unprecedented build-out of EV charging infrastructure, compressing years of work into days of deployment. The combination of Beam Global’s technology and TechFlow’s experience on bases and working with the federal government in general make the rapid deployment of reliable, sustainable, cost-effective EV charging infrastructure about as easy as it could be. We are looking forward to doing a whole lot more together.”

President Biden’s Executive Order 14057 with its accompanying Federal Sustainability Plan requires 100% zero-emission car acquisitions by 2035, together with 100% gentle obligation acquisitions by 2027. This is prioritizing and accelerating a Federal Clean Electricity and Vehicle Procurement Strategy, calling for clear and 0 emissions autos (ZEVs). The White House stated on October 20 that federal companies quintupled purchases of EVs and PHEVs within the 12-months ending Sept. 30, shifting from roughly 1% of auto acquisitions within the 2021 price range yr to 12% of sunshine obligation purchases in 2022. There are roughly six-hundred and seventy-five-thousand autos within the federal fleet.

*This order was made public throughout Beam Global’s earnings announcement on November 10, 2022

About TechFlow

TechFlow Inc. is an employee-owned firm with a file of greater than 25 years of success outlined by innovation, agility, and proactiveness. Employee-owned, TechFlow balances know-how and human components to decide the most effective end result for its prospects’ missions. The firm helps authorities and industrial sectors as system builders, integrators, and optimizers in mission essential markets: digital, platform, base administration/logistics, and power and mobility companies. Headquartered in San Diego, California, with places of work in Washington, DC, and all through the continental U.S., TechFlow delivers modern options for purchasers in mission essential markets. TechFlow. Always Ahead. For extra data go to TechFlow.com.

About Beam Global

Beam Global is a clear know-how chief offering progressive, sustainable merchandise and applied sciences for electrical car (EV) charging, power storage, power safety and outside media. Core platforms embrace Beam EV ARC™ and Solar Tree® sustainable EV charging programs, Beam AllCell™ high-performance power storage options, power resiliency and catastrophe preparedness merchandise and a deep patent library.

Beam EV ARC™ EV charging infrastructure programs help any high quality model EV charging service gear, and Beam AllCell™ battery options energy micro-mobility, terrestrial EVs, aviation, maritime and leisure autos in addition to stationery and energy-security platforms.

Beam develops, patents, designs, engineers and manufactures distinctive and superior clear mobility options that defend the setting, save prospects money and time, empower communities and hold folks shifting. Based in San Diego and Chicago, the corporate produces Made-in-America merchandise with the mission to Lead the World to Clean Mobility. Beam Global is listed on Nasdaq underneath the symbols BEEM and BEEMW. For extra data go to BeamForAll.com, LinkedIn, YouTube and Twitter.

Forward-Looking Statements

This Beam Global Press Release could include forward-looking statements. All statements on this Press Release apart from statements of historic info are forward-looking statements. Forward-looking statements are typically accompanied by phrases or phrases reminiscent of “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or different phrases and related expressions that convey the uncertainty of future occasions or outcomes. These statements relate to future occasions or future outcomes of operations, together with, however not restricted to the next statements: statements relating to the proposed acquisition, its anticipated advantages, the acquisition’s anticipated timing, and the anticipated future monetary efficiency because of the acquisition. These statements are solely predictions and contain identified and unknown dangers, uncertainties and different components, which can trigger Beam Global’s precise outcomes to be materially totally different from these forward-looking statements. There could be no assurances that the proposed acquisition of AllCell might be accomplished. Except to the extent required by regulation, Beam Global expressly disclaims any obligation to replace any forward-looking statements.

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

Investor Relations:
Kathy McDermott
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+1 858-799-4583

Photos accompanying this announcement can be found at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6386e32a-d8ad-4b69-8c46-3aa1dad78cf0
https://www.globenewswire.com/NewsRoom/AttachmentNg/84fbd24e-6f81-436d-90cb-34ed4c61e05d

Videos accompanying this announcement can be found at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2558e020-9afa-493e-a75e-c99273d3a41a
https://www.globenewswire.com/NewsRoom/AttachmentNg/c6bf453d-6e2b-47a8-bbaf-44b3823d332e 



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