Two new specialized deployment vehicles were brought online which reduce our reliance on 3 rd party transportation companies and increase our deployment velocity. The company is currently growing its team as we increase output.
When fully staffed, one EV ARC™ can be completed per shift in each of the six workstations. In the Beam factory, six new final assembly workstations were installed to improve throughput and efficiency in the assembly of EV ARC™ systems. Over the course of the year, several operational improvements were implemented to streamline production and deployment. These and other orders from federal agencies are made possible through Beam Global’s recently awarded GSA contract. Marine Corps for deployment at 14 bases in the continental U.S. California joins Arizona, Alabama, Delaware, District of Columbia, Florida, Georgia, Hawaii, Kansas, New Mexico, New York, Ontario Canada, Oregon, Pennsylvania, South Carolina, Tennessee, Virginia, Washington, West Virginia and Wisconsin who either ordered or deployed EV ARC™ systems in 2021.Īt the federal level, Beam Global announced the sale of 21 EV ARC™ systems to the U.S. In May, Beam Global announced its largest single sales order to date of 52 EV ARC™ systems by the State of California’s Department of General Services with funding from the Office of Emergency Services. It’s a great time to be with the Beam Team.” Beam Global has first mover advantage and a proven track record. The time for rapidly deployed EV charging, which continues to operate during blackouts and can handle the increasing energy demand of governments and consumers, is now. We have spent the last ten years creating products that can deliver EV charging infrastructure faster, and more scalably and robustly than any other option we or our customers have seen in the market. Commitments of $7.5B from the Federal government and over $6B from California for EV-related spending are coming at a time when new EV models like Ford’s F150 and GM’s 1000HP Hummer will create consumer demand which I believe will eclipse even the most ambitious government plans. We are heading into 2022 in a better position than in any previous year and at a time when we expect to see spending and urgency increasing dramatically in the industry. “We were able to ramp up our production levels during this year of increasing demand through process improvements, labor efficiencies and increased staffing, and we are well positioned for significant growth in 2022. “In 2021 we demonstrated that we can dramatically increase sales and deliver on those sales,” said Beam Global CEO Desmond Wheatley. Streamlined production and deployment for significant gain in efficiencies Increased EV ARC™ system energy performance by 12% Set the world record for the longest flight in a production electric aircraft, charged exclusively by transportable, off-grid EV ARC™ systems Marine Corps order for deployment at 14 bases
Strong growth in federal sales, including a U.S. states and Canada ordered or deployed Beam EV ARC™ solar-powered EV charging systemsĮxpanded non-government sales among business sectors including automotive, commercial real estate, construction, travel and entertainment, pharmaceuticals and education Q2 deliveries increased 109% over the same period prior yearĢ0 U.S. Record Q3 deliveries for an increase of 123% over the same period prior year Record Q4 deliveries for an increase of 45% over the same period prior year Ahead of earnings that will be announced later this quarter, among the company’s accomplishments in 2021:Ħ2% growth in system deliveries year-over-yearĦ6% growth in Q4 ‘21 system deliveries over Q3 ‘21 Beam experienced unprecedented growth and success on multiple fronts in 2021 and established strong momentum for 2022 as EV charging infrastructure spending from both government and corporate entities is set to increase and EVs of all types become increasingly numerous on the nation’s roadways.
01, 2022 (GLOBE NEWSWIRE) - Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, today announced that 2021 EV ARC™ system shipments increased 62% over the prior year and that the Company started the new year, 2022, with higher combined backlog and pipeline than in any previous year in its history.
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