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Blink Charging Shares Fall To Session Low On Volume Following Co. Issuance Of Updated Press Release Highlighting 32 Charging Stations At The Elysian In California Operational

Blink Charging Co. (NASDAQ:BLNK, BLNKW)) (“Blink” or the “Company”), a leading owner and operator of electric vehicle (EV) charging equipment and services, announced the deployment of 44 Level 2

· 10/07/2020 15:09

Blink Charging Co. (NASDAQ:BLNK, BLNKW))) (“Blink” or the “Company”), a leading owner and operator of electric vehicle (EV) charging equipment and services, announced the deployment of 44 Level 2 EV charging stations, 32 of which are already installed and fully operational, at The Elysian residential building in the historic Victor Heights neighborhood near downtown Los Angeles, California. Blink will provide its EV charging stations to The Elysian’s employees, residents, and visitors to support the city’s rapidly increasing number of electric vehicles.

“With this agreement, we continue to aggressively expand our network of stations throughout the state of California” remarked Blink COO, Brendan Jones. “We are honored to be a part of The Elysian’s sustainability initiatives that are leading the way in adopting green living and promoting EV use by providing onsite charging options. With this addition of more charging stations, The Elysian is making EV use more accessible, which bolsters the reduction of carbon dioxide emissions caused by traditional gasoline-powered vehicles.”

“The lack of chargers in apartment buildings is one of the biggest obstacles to widespread electric car adoption. We have proven that our paradigm makes sense in the marketplace and we are confident that other developers will follow suit as we achieve price parity in the US. We want free EV charging to be seen as a standard amenity,” conveys Alexandra Leekley, VP of Operations for Linear City Development. The Elysian provides complimentary EV charging to its residents and guests.

“Our hope is that every Elysian resident will opt for an electric or hybrid vehicle, and with a total of 53 charging stations, including 3 fast chargers, we will have the capacity to charge our entire community should they all decide to drive electric tomorrow,” continued Leekley.

Operating on the Blink Network, Blink’s charging stations are compatible with any fully-electric or plug-in hybrid vehicle. The charging units installed at The Elysian join the rapidly growing network of Blink EV charging stations. They are operable using Blink’s mobile app, the Blink Charging website (www.blinkcharging.com), and Google or Apple Maps.

The Elysian was built in 2014 on the frame of the historic Metropolitan Water District of Southern California building originally designed by renowned architect William Pereira. Boasting an aggressive sustainability plan, The Elysian is proud to be one of the first residential buildings offering free EV charging for its residents. Along with their robust EV charging set up, The Elysian’s other sustainable features include a solar thermal water heating system, floor-to-ceiling windows with double pane low E glass, and LED lighting throughout the building, making it one of the eco-friendliest buildings in southern California.

According to The Drive, 51% of EV drivers prefer to charge their vehicles at home compared to only 16% who prefer to charge at work. Multi-family residential complexes are providing EV charging stations as a premium amenity to attract and retain residents who are environmentally conscious.