Beam Global Bags Contract From City Of Austin For EV Charging Products

Beam Global BEEM has received an order for EV ARC solar-powered EV charging and ARC Mobility trailer solutions from the City of Austin in Texas. The financial terms were not disclosed.
The systems were purchased using the federal General Services Administration (GSA) Multiple Award Schedule (MAS), which simplifies the federal procurement process.
The City of Austin also awarded Beam Global a contract, including the company's GSA listed products, which streamlines the purchase process for City departments, without going through extensive individual contracting requirements.
The Beam Global EV ARC off-grid EV charging systems qualify as disaster preparedness assets because they continue to charge EVs during grid outages and can be equipped with an emergency power panel for first responder use in emergencies.
"Electric vehicle operators need access to charging during increasingly frequent grid outages. Our EV ARC solar-powered systems provide vital EV charging and emergency power during utility grid power failures," said CEO Desmond Wheatley.
Price Action: BEEM shares are trading higher by 5.51% at $16.73 on the last check Tuesday.