Blink Charging Signs Agreement with Cushman & Wakefield for Deployment of Electric Vehicle Charging Stations
Miami Beach, FL : Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner, operator and provider of electric vehicle (EV) charging equipment and services, announced today that it has signed an agreement with leading global real estate services firm Cushman & Wakefield (NYSE: CWK) for the marketing and potential deployment of Blink charging stations, including its Blink IQ 200 units, and related services to Cushman & Wakefield clients throughout the United States.
Cushman & Wakefield has agreed to engage its brokerage force and large network of property managers to offer Blink equipment and services as an amenity at the commercial properties they represent. Given the reach of Cushman & Wakefield’s platform, this agreement represents a significant opportunity for Blink to strengthen the sales channel for its products and services and increase its deployment opportunities.
“As EVs become more ubiquitous, and as more people opt to drive rather than take public transportation in the current environment, Blink EV charging stations are a logical, complementary amenity to offer alongside our suite of services,” stated J Glasgow, Executive Vice President of Enterprise Solutions for Cushman & Wakefield Global Occupier Services. “This agreement puts us and our clients at the forefront of the movement toward more sustainable transportation, and we look forward to working with Blink to effectively address the needs of the growing population of EV drivers.”
Michael D. Farkas, Founder, Chairman and Chief Executive Officer of Blink, commented, “Cushman & Wakefield is a preeminent leader in property, facilities and project management, and we’re excited about this opportunity to partner with them to enhance the EV charging capabilities at the properties they represent. As drivers increasingly embrace EV technology, the demand for convenient charging alternatives is growing. We’re pleased to work with Cushman & Wakefield to contribute a greener future while enhancing tenant and visitor experience at their clients’ properties.”
Blink’s IQ 200 units are the fastest level 2 AC charging stations available on the market, have a maximum output of 80 amps, and deliver up to 65 miles of charge in an hour.
ABOUT BLINK CHARGING
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment and has deployed over 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 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.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.
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, along with terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should,” and 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 the statements regarding possible future sales and deployment opportunities for Blink’s products and services from the Cushman & Wakefield agreement and other statements described in Blink Charging’s periodic reports filed with the SEC, and that 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.