Beam Global Shipped and Deployed Record Number of EV ARC™ Sustainable EV Charging Sys | PAYS Message Board Posts


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Msg  10394 of 10993  at  12/7/2022 8:17:42 AM  by

leighlogan


Beam Global Shipped and Deployed Record Number of EV ARC™ Sustainable EV Charging Sys

BEEM
-3.28%
Beam Global
Wed, December 7, 2022 at 8:00 AM
In this article:

BEEM
-3.28%

Beam Global
Beam Global
SAN DIEGO, Dec. 07, 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 that it shipped and deployed a record number of sustainable EV ARC™ EV charging systems in the month of November, higher than any other month in company history.

Beam Global is expanding its fleet of deployment personnel and vehicles, including its new ARC Mobility™ trailer, a specialized hydraulic transportation solution which enables the rapid deployment or relocation of off-grid EV ARC™ systems by a single operator. The Company has implemented recent upgrades and expanded fabrication and assembly to increase output. The acquisition of battery manufacturer AllCell Technologies de-risks the supply chain for key battery storage which is essential to Beam Global’s product portfolio.

“Sales of our products are at all-time record highs and our ramp-up in production and operational capacity is well under way,” said Beam Global CEO Desmond Wheatley. “The accelerating urgency for EV charging infrastructure combined with the need for robust, off-grid solutions is driving significant growth in demand for our products, and our operations teams are taking the necessary steps to execute on this increasing demand. We have a great deal of operating leverage and the ability to continue to expand our output dramatically without an equivalent level of further investment.”

Solar-powered EV ARC™ electric vehicle charging infrastructure products are rapidly deployed with no digging, no construction and no electrical work. Off-grid and 100% solar-powered, EV ARC™ systems generate and store their own clean electricity and deliver that energy to up to six EV chargers capable of charging six vehicles simultaneously. The customer can choose any quality brand charger that works for their organization or use case, which is pre-installed on the EV ARC™ at the Beam factory and arrives at the customer site ready to charge EVs.


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