Blink Charging Purchases Primary Business office Condominium, Continuing Present and Foreseeable future Progress

–          Blink Charging proceeds determination to Miami as Mayor seeks to catch the attention of supplemental best tech firms from Silicon Valley

Miami Beach, FL, Feb. 02, 2021 (Globe NEWSWIRE) — Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a primary proprietor, operator, and service provider of electric powered car or truck (EV) charging products and expert services, closed on a 10,000+ SF Miami Seaside business condominium at 605 Lincoln Street. The new office place will dwelling the Company’s company headquarters.

“We are thrilled to have a spot not far from exactly where we began 12 a long time back that Blink can utilize for our 37 Miami-based mostly team. The new workplace will supply the supplemental area to grow as our company expands,” commented Michael D. Farkas, Founder and CEO of Blink Charging. “The EV infrastructure field is at a pivotal issue poised for exponential advancement to satisfy potential demand from customers. Now is the time for us to make certain we have the means in spot for the foreseeable future as we produce a nascent industry into the mainstream.”

Some could say Miami Seaside, hundreds of miles from Silicon Valley, is an abnormal locale for a technological know-how company’s headquarters dedicated to the adoption of electric motor vehicles and cleanse power. Nonetheless, lately, Miami has been aggressively concentrating on technology companies to relocate to the location. NBC has reported1 that Miami Mayor Francis Suarez has been speaking with prime tech business executives to entice them to the location. In point, in response to Miami’s attention from the tech market on Tuesday, Mayor Suarez is envisioned to name its 1st main technological innovation officer who will supply assistance for superior-tech companies interested in coming to Miami.

For Blink Charging, Miami has normally been dwelling and has normally presented the resources necessary to thrive.

“We’ve usually been committed to the Miami space. We have been ready to locate and recruit leading talent regionally and go on to extend our nearby workforce. Miami isn’t just a wonderful place to reside, but it has been a good position to improve our business. The ocean just outdoors our offices serves as a reminder of the significance of our get the job done – to use our engineering to make cleaner, smarter, greener transportation alternatives that can mitigate the impacts of world local climate alter,” said Farkas.

The Mendel Fellig Team, a major producing team at Compass in Florida, represented the buyer and seller on the deal. “Blink Charging’s innovative technology and organization expansion is truly impressive. It was critical for me to aid them discover the excellent business office house that speaks to their company’s long run. Symbolizing the buyer and vendor for this primely positioned site manufactured for a streamlined offer which would seem to be the initially of many as tech and money firms glimpse to open up up workplaces in South Florida,” said Mendel Feling, Authentic Estate Advisor of Compass Florida, LLC.

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ABOUT BLINK CHARGING
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electrical motor vehicle (EV) charging equipment and has deployed more than 23,000 charging stations, quite a few of which are networked EV charging stations, enabling EV motorists to simply charge at any of the Company’s charging locations globally. Blink Charging’s principal line of products and products and services involve its Blink EV charging community (“Blink Network”), EV charging gear, and EV charging services. The Blink Network makes use of proprietary, cloud-based mostly program that operates, maintains, and tracks the EV charging stations linked to the network and the involved charging facts. With world-wide EV buys forecasted to increase to 10 million by 2025 from roughly 2 million in 2019, the Company has established critical strategic partnerships for rolling out adoption throughout a lot of place types, together with parking amenities, multifamily residences and condos, workplace destinations, health treatment/health care facilities, educational facilities and universities, airports, automobile dealers, resorts, blended-use municipal locations, parks and recreation spots, spiritual establishments, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For additional information and facts, you should take a look at https://www.blinkcharging.com/.

Forward-Searching Statements
This push launch includes ahead-wanting statements as described within Portion 27A of the Securities Act of 1933, as amended, and Area 21E of the Securities Trade Act of 1934, as amended. These ahead-searching statements, along with conditions these types of as “anticipate,” “expect,” “intend,” “may,” “will,” “should,” and other equivalent conditions, involve dangers and uncertainties since they relate to occasions and depend on situation that will happen in the potential. These statements involve statements relating to the intent, perception, or recent expectations of Blink Charging and associates of its management, as perfectly as the assumptions on which this sort of statements are dependent. Prospective investors are cautioned that any these kinds of ahead-looking statements are not assures of future performance and entail challenges and uncertainties, together with people described in Blink Charging’s periodic studies submitted with the SEC, and that actual outcomes could differ materially from those people contemplated by these kinds of forward-on the lookout statements. Besides as required by federal securities regulation, Blink Charging undertakes no obligation to update or revise forward-on the lookout statements to reflect adjusted situations.

Source
NBC News, Tech flight: Why Silicon Valley is heading to Miami and Austin, Texas, Jan 24, 2021.

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