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-Transaction will add 89 additional DC fast and L2 charging stations to the expanding Blink Network
Miami Beach, FL, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced that it has acquired the EV charging operator U-Go Stations, Inc. and its portfolio of 44 DCFC charging locations. The purchase also includes multiple grants awarded to U-Go, for the deployment of up to an additional 45 new charging stations. The charging stations are located across ten states, expanding Blink’s DCFC footprint.
“As a key contributor to the expanding EV landscape, we are continuously looking for opportunities to strategically broaden our footprint across the United States, and our acquisition of U-Go supports this growth. In addition to their existing charging locations at attractive locations such as hotels, gas stations, and auto dealerships, U-Go has substantial grant awards for more DCFC deployments in Michigan, Pennsylvania, New Jersey, and Vermont. We look forward to installing and operating these new charging locations in early 2021,” commented Brendan Jones, Chief Operating Officer of Blink.
“We are committed to bringing affordable, convenient, and efficient charging stations to the growing population of EV drivers, and the addition of the U-Go portfolio enhances our vital role as a leading provider in the ongoing development of EV infrastructure,” added Mr. Jones.
The acquisition will provide the critical mass necessary to make significant inroads in the DC fast charging market and provide Blink a larger national presence. The U-Go charging stations will add to Blink’s current DCFC portfolio of 88 chargers, predominately found on the West Coast.
Of the existing chargers, 31 are operated on the EVGo network and will be transitioned to the Blink Network within the next 30 days. 13 are not active and will be evaluated for future upgrades. All units will be available to Blink members and guests and can be found at the Blink Mobile App and Blink Map.
U-Go Acquisition Equipment Locations
181 Elm St, Westfield, MA 01085
1600 S Columbus Blvd, Philadelphia, PA 19148
563 Northfield Ave, West Orange, NJ 07052
160 Frontage Rd, Newark, NJ 07114
129 Pehle Ave, Saddle Brook, NJ 07663
1000 International Dr, Budd Lake, NJ 07828
2349 Marlton Pike, Cherry Hill, NJ 08002
1111 Route 73, Mt. Laurel, NJ 08054
9301 2nd Ave, Stone Harbor, NJ 08247
East Brunswick, NJ 08816
4 Tower Center Blvd, East Brunswick, NJ 08816
195 Davidson Ave, Somerset, NJ 08873
368 Lewisberry Rd, New Cumberland, PA 17070
16 N George St, York, PA 17401
2600 Keyway Dr, York, PA 17407
3849 Hempland Rd, Mountville PA 17554
5625 Odonnell St, Baltimore, MD 21224
Norwood, MA, 02062
1431 Assembly St, Columbia, SC 29201
7421 Garners Ferry Rd, Columbia, SC 29209
730 Coleman Blvd, Mt. Pleasant, SC 29464
3509 Clemson Blvd, Anderson, SC 29621
21229 Olean Blvd, Port Charlotte, FL 33952
32050 US Highway 19 N Palm Harbor, FL 34684
Cleveland, TN 37312
109 Sharon Dr, Dandridge, TN 37725
8350 W Grand River Ave, Brighton, MI 48116
2017 N Canton Center Rd, Canton, MI 48187
453 S Gammon Rd, Madison, WI 53719
Interstate 25 Exit 259 State Route 22, Santo Domingo, Pueblo, NM 87052
564 N Guadalupe St, Santa Fe, NM 87501
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment and has deployed more than 23,000 charging stations, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Blink Charging’s principal line of products and services include its Blink EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million vehicles by 2025 from approximately 2 million in 2019, the Company has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, please visit https://www.blinkcharging.com/.
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. These forward-looking statements, and terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of Blink Charging 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, including acquisition-related risks, such as the challenges in integrating acquired assets into Blink Charging’s operations, the occurrence of unforeseen operating difficulties and expenditures, and the diversion of management’s attention away from other parts of the business, as well as others described in Blink Charging’s periodic reports filed with the SEC. There can be no assurance that the U-Go acquisition will prove to be beneficial to the Company. Actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
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