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Beam Global Hits Record First Quarter Deliveries and the Second Biggest Quarter in Company History

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Beam Global
Beam Global
Beam EV ARC Solar EV Charging Systems are rapidly deployed with no construction, no electrical work and no utility bill.

SAN DIEGO, May 03, 2022 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced the highest number of system deliveries in the first quarter of any year in the company’s history. Q1 was also the second biggest quarter for deliveries in Beam’s history following the record fourth quarter 2021.

“Q1 has historically been a slower quarter for us but not this year. The momentum we built in 2021 continues with a first quarter record start in deliveries for Beam Global,” said Desmond Wheatley, CEO of Beam Global. “The 2021 historic highs in new orders set the pace for record revenue and deliveries in 2021 but also, importantly, enabled us to continue that pace and deliver record results in the first quarter of 2022 as our investments in sales, operations and manufacturing deliver returns. With pipeline also at a new high, we see no sign of this abating, boding well for continued momentum and growth for the year.”

Net Zero Emission Initiatives continue to expand at the federal, state and local levels and with private enterprise. President Biden signed Executive Order 14008 and subsequent Executive Order 14057 with its accompanying Federal Sustainability Plan which calls for 100% Zero-Emission Vehicle Acquisitions by 2035, including 100% light-duty acquisitions by 2027. California Governor Gavin Newsom presented a $286.4 billion budget proposal, dubbed the “California Blueprint,” in January. The plan suggests spending $22.5 billion to address the burgeoning climate crisis in the state, allocating $6.1 billion to electric vehicle related initiatives. California also became the first state to commit to effectively banning sales of new, internal combustion engine or gas-powered vehicles by 2035. Beam is experiencing increased order activity from Federal, State and local governments as well as enterprise customers.

For more information on purchasing Beam’s EV ARC™ ready-to-deploy sustainable EV charging solutions please contact The Beam Team at 858-799-4583 or BeamTeam@BeamForAll.com.

About Beam Global

Beam Global is a clean technology leader providing innovative, 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 EV charging systems, Beam AllCell™ high-performance energy storage solutions, energy resiliency and disaster preparedness products and a deep patent library.

Beam EV ARC™ EV charging infrastructure systems support any quality brand EV charging service equipment, and Beam AllCell™ battery solutions power micro-mobility, terrestrial EVs, aviation, maritime and recreational vehicles as well as stationery and energy-security platforms.

Beam develops, patents, designs, engineers 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 produces Made-in-America products with the mission to Lead the World to 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 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 proposed acquisition, its expected benefits, the acquisition’s anticipated timing, 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. There can be no assurances that the proposed acquisition of AllCell will be completed. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

Media Contact:
Next PR
+1 813-526-1195
Press@BeamForAll.com

Investor Relations:
Kathy McDermott
IR@BeamForAll.com
+1 858-799-4583

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d424bcf5-cbcf-48fa-b1ff-f4e423bb7fcd