INTERENERGY ENGAGES WITH BLINK CHARGING AND PURCHASES $1.2 MILLION IN EV CHARGING EQUIPMENT FOR THE DOMINICAN REPUBLIC AND PANAMA

The Latin America Energy Provider Purchases 200 Blink Fast Charging Stations to Deploy

Miami Beach, FL, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK, BLNKW) today announced that InterEnergy, an owner and operator of power generation, transmission and distribution assets in Latin America, including the Dominican Republic where its CEPM subsidiary provides energy solutions to more than 66% of the national tourism sector, has enlisted Blink to bring EV charging infrastructure to the Dominican Republic and Panama.

As part of InterEnergy’s total investment in the deployment of 500 charging stations for electrical vehicles, the company announced the initial acquisition of 200 Blink Charging stations, including Level 2 charging stations, DC Level 3 fast chargers, and networked residential smart units for a total initial purchase of $1.2 million in Blink hardware. Approximately 30% of the purchase price has been paid to Blink, with the balance payable upon shipment of the units, expected to occur later in the first quarter of 2020.

As pioneers in the implementation of the first national charging stations network, InterEnergy aims to facilitate the installation of 500 charging stations throughout the Dominican Republic and Panama supported by its EVerGO network. “This is a significant step on InterEnergy’s efforts to eliminate thousands of tons of CO² emissions per year initially in the Dominican Republic which as an important tourist destination demands clean energy generation, representing multiple benefits to the environment,” stated Rolando Gonzalez Bunster, Chairman of InterEnergy.

Miami Beach-based Blink Charging is a leading owner and operator of electric vehicle charging stations in the United States. This relationship with InterEnergy further expands the company’s reach internationally, which now serves half a dozen countries.

The Blink Level 2 chargers, Blink IQ 200, are the fastest AC charging stations available, producing 80 amps of output. This fast Level 2 technology is best used for locations in commercial centers, shopping malls, workplaces and multifamily residential dwellings. The DC Level 3 fast chargers can charge more rapidly, producing 50 kW of power, making them reliable for roadside charging where distance traveling is common.