SAN DIEGO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW) (“Beam Global” or the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced the Company will host a live-streamed tour of its newly acquired European operations on Thursday, November 9, 2023 at 6 a.m. PT / 9 a.m. ET / 3 p.m. CET. Presented by CEO Desmond Wheatley, the tour is open to registered participants and will include the new Beam Europe office, engineering and manufacturing facilities.
Registration is required at the Tour Beam Europe registration link. Attendance can be live, or, for those who register and cannot attend, a link to the recording will be emailed.
“This tour will give anyone who is interested in Beam Global’s growth the chance to see the extensive and well-equipped facilities which we now own in the largest market for our products in the world,” said Beam Global CEO, Desmond Wheatley. “We will also introduce members of our new European team of engineers and manufacturing experts who are already engaged with our US-based employees in introducing our current and future, patented products to what we believe will be a rapidly growing market for us.”
Expanding Market Reach, Product Development and Capacity
Beam Europe, with 210 employees and long-standing development, engineering, manufacturing and sales expertise, greatly expands market reach, product development and manufacturing capacity to fast-track growth into the European market. Beam Global’s current and future suite of products are ideally suited for deployments in the EU because they require no construction or electrical work, are renewably energized and do not rely on the utility grid for electricity. The facilities, formerly Amiga, are home to one of Europe’s leading manufacturers of streetlights and are well equipped to bring Beam Global’s patented EV Standard™ to market both in Europe and the U.S. The Company also believes the acquisition will increase barriers to entry for future competition and advance Beam Global’s position as a leader in the green economy.
On October 24, 2023, Beam Global closed the acquisition of Europe based Amiga DOO Kraljevo, an established manufacturer of specialized structures and equipment including streetlights, communications and energy infrastructure, whose manufacturing, engineering and sales teams serve municipalities, states and commercial customers in 16 nations. Beam Global views expansion into the European market as a major opportunity for growth. According to Whichcar.com, Europe has approximately 405 million cars compared to approximately 290 million in the U.S. and 319 million in China based on CEIC data. In June of 2022, the European Parliament backed the European Commission’s proposal of zero emissions from new cars and vans by 2035. The EU has committed to reaching net-zero emissions from energy infrastructure by 2050.
About Beam Global
Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Headquartered in San Diego and with facilities in Chicago, Belgrade and Kraljevo, Beam Global has a deep patent portfolio and is listed on Nasdaq under the symbols BEEM and BEEMW. For more information visit BeamForAll.com, LinkedIn, YouTube and X (formerly 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 acquisition of Amiga, its expected benefits, 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. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.
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