Category Archives for: Autonomous Driving

KEITH B. JONES APPOINTED AS NATIONAL PARKING ASSOCIATION (NPA) BOARD MEMBER

October 02, 2023

 

 

KEITH B. JONES APPOINTED AS NATIONAL PARKING ASSOCIATION (NPA) BOARD MEMBER

 

Washington, DC — Keith B. Jones, Managing Partner, Executive Chairman and Owner of ACE Parking, has been elected to a three-year term on the Board of Directors for the National Parking Association (NPA). ACE was a founding member of the NPA which was formed in 1951 to provide industry research, education, and advocacy, and represents over 100,000 parking professionals. Their board is responsible for cultivating the organization’s mission,vision, and strategic direction for the advancement of the parking industry and its people.

Keith B. Jones oversees corporate strategy for ACE, a leading parking management provider for municipal, commercial, hospitality and healthcare industries. His vision brings a cutting edge to ACE’s traditional values, and he has successfully established the company as an innovator in parking technology and operations. Jones has served on many boards including the Young Presidents Organization, the San Diego Regional Chamber of Commerce Board of Directors, and the San Diego Regional Economic Development Corporation. He has also ledphilanthropic efforts in partnership with groups such as the Alzheimer’s Association, the Lymphoma & Leukemia Society, Susan G. Komen, the Junior League, the Children's Miracle Network, and Rady’s Children’s Hospital. Jones will contribute his experience, leadership, and vision to help actualize the group’s long-term goals, set association policies, and establish program direction.

“It is an honor and a privilege to be elected to this board with so many esteemed, accomplished, and knowledgeable professionals,” Jones said. “I’m inspired by the opportunities ahead and motivated to support and contribute to the NPA’s efforts.” Christine Banning, NPA President and CEO, stated, “We are pleased to welcome stellar nationalleaders to the NPA Board of Directors. Their depth of experience and focus on mobility, parker experience, and theparking asset bring a comprehensive perspective on the industry and its future growth and development.”

ABOUT ACE

Founded in 1950, ACE is a third generation, family-owned business which has grown to become the nation’s largest privately-owned parking and mobility company. With a 73-year history of emphasizing service, revenue generation, and innovation, ACE currently operates in over 1,000 locations, coast to coast, servicing nearly 500,000 customers per day. ACE manages over $1B in gross revenue annually and employs over 7,000 team members. For additional information, please visit aceparking.com.

New partnership sees more than 100,000 JustPark spaces made available to book via Parkopedia

August 24, 2023

 

 

New partnership sees more than 100,000 JustPark spaces made available to book via Parkopedia

 

 

 

  • Users and connected car drivers with integrated Parkopedia services can find, reserve and pay forJustPark’s 100,000 spaces across the UK as part of a smoother and more complete parking experience
  • As part of the roll-out, JustPark’s extensive network of on- and off-street parking spaces will become visibleand payable through the growing number of UK connected cars that have Parkopedia in-car services and through the Parkopedia website and mobile apps
  • New partnership means increased visibility for JustPark’s inventory partners, with spaces visible to Parkopedia’s millions of UK users, driving additional awareness and footfall

 

24 August 2023 – London, UK

 

Two of the world’s leading parking technology companies, Parkopedia and JustPark, have confirmed a partnership which will provide motorists across the UK with an easier and more complete way to find, book and pay for parking. Parkopedia’s platform, which enables connected car drivers to search for convenient local parking, now hosts JustPark’s available parking locations, enabling drivers to book and pay for on-street and off-street parking through their vehicles, in addition to via Parkopedia’s popular consumer website and mobile apps that are used by millions of drivers each month.

 

Integrating JustPark’s available parking spaces will see Parkopedia build its footprint of pre-bookable parkingin the UK while increasing the exposure for JustPark’s parking inventory to millions of Parkopedia’s UK users. This gives drivers more parking options to suit their needs and creates additional revenue opportunities for JustPark’s network of space owners.

 

JustPark’s locations are a combination of commercial parking operations, such as public on-street, multi-storey commercial car parks, shopping centre and hotel car parks and less traditional, community parking spaces.

 

Parkopedia’s connected car drivers will be able to pre-book JustPark’s reservable locations and pay on-demand for on-street parking at selected locations through their navigation system, making payments using their in-car wallet – meaning there will be no requirement to use their phone or bank card to make a payment.

 

Anthony Eskinazi, Founder and CEO of JustPark, said: “Parkopedia offers an outstanding service to motorists around the world, allowing them to seek out the best parking on offer to them. This landmark agreement allows more than 100,000 of JustPark’s extensive collection of parking locations to be seen by Parkopedia’s considerable UK audience, while enhancing its users’ experience by offering even more parking options and the ability to bookand pay for our spaces on the platform for the first time.

 

Commenting on the new partnership, Founder and CEO of Parkopedia, Eugene Tsyrklevich, added: “This new partnership with JustPark adds to Parkopedia’s already extensive bank of parking locations, offering UK drivers the greatest choice and convenience possible, with the benefit of Parkopedia’s seamless in-car Payment Platform for reservations and payments. By combining our technology and enabling in-car payments, Parkopedia and JustPark continue to reduce the stress associated with finding and paying for parking. This should also ease the third of all inner city congestion that is currently attributed to those looking for parking by enabling smoother journeys with simpler parking planning and reservations.”

About Parkopedia

Parkopedia is the leading connected car services provider used by automakers, organisations and millions of drivers around the world. Parkopedia helps drivers find and pay for parking, EV charging, fuel and tolls across 90 countries. Parkopedia is also developing highly detailed parking maps and corresponding algorithms to help drivers and self-driving vehicles navigate to an open parking space indoors. Visit business.parkopedia.com for more information.

About JustPark

JustPark, established in 2006, is the UK’s favourite parking app, parking a car every 2 seconds. With 12 million drivers and more than 100,000 spaces – including 50,000 private parking spaces and some of the UK’s biggest councils and car parking companies, JustPark markets and monetises both unused driveways and car park capacity, benefitting drivers and creating revenue for space owners.

Parkopedia Media Contact

Adam Calland Marketing Director

T: +44(0)7838219129

E: adam.calland@parkopedia.com

JustPark Media Contact

Sarah Jackson

T: +44(0)7306256148

E: Sarah.jackson@justpark.com

Ampcontrol Raises $10M Series A for AI-powered EV Fleet Charging Software

July 26, 2023

Ampcontrol Raises $10M Series A for AI-powered EV Fleet Charging Software

 

 

Ampcontrol, a leading AI-powered software solution for fleet operators, today announced $10M in Series A financing to enable its next stage of growth. The round was led by The Westly Group with participation from existing investors AngelPad and Lorimer Ventures.

Fleet operators are facing critical challenges when switching from internal combustion engines to electric vehicles. Problems range from high energy costs, low charger reliability, and late departure of vehicles. Since 2019, more than 20 fleet operators across the US, Europe, Latin America, and Africa use Ampcontrol’s software to ensure on-time departures, maintain low energy costs, and reduce EV charger downtime.

Ampcontrol works with some of the largest fleet operators in the world. Customers include WattEV, First Bus, Revel, and one of the largest global commercial truck manufacturers. Customers like Revel are using Ampcontrol’s AI-powered software to save 45%+ on their monthly energy costs.

“We believe Ampcontrol’s innovative AI platform offers the tools we need to optimize and monitor our EV charge points. The company’s vision aligns closely with our goals, and we are thrilled to be working with them” said Ihor Starepravo, Head of Software of WattEV.

After years of consulting with energy companies, Ampcontrol CEO and Founder, Joachim Lohse, leveraged his knowledge of the grid and EV fleets to build software that would help fleet operators maintain a high charger uptime, plan routes, coordinate with energy tariffs, and monitor their vehicles and chargers with live data. This laser focus on electric fleets allows Ampcontrol to support fleets in a variety of industries and use cases, including transportation & logistics, transit buses, rideshare & taxi, food & beverages, and school buses.

Today, Ampcontrol’s software connects to the EV charging hardware and vehicles to make real-time decisions and provide detailed monitoring tools to fleet operators. Ampcontrol offers 24/7 hardware monitoring, OCPP charger communication, fleet management, dynamic load management, V2G integrations, alerts & notification system, and more. The software has a best-in-class uptime of 99.995%, which makes it the most reliable software system in the market for EV fleet charging. Fleet operators also benefit from Ampcontrol’s vehicle telematics integrations with partners such as Geotab.

“We are thrilled to announce the addition of The Westly Group to our team, as one of the early investors in Tesla and other electrification companies, they fully embrace our vision for Ampcontrol,” said Ampcontrol CEO and Founder Joachim Lohse. “Building a company does not come with a playbook, and there is no set formula to follow, but with support from partners like The Westly Group, AngelPad and Lorimer Ventures, we are confident in our ability to become the technology leader for electric fleets.”

“We couldn’t be more excited to support Ampcontrol’s vision to become the leading software platform for electric fleets,” said Emily Fritze, Partner at The Westly Group. “Every commercial vehicle manufacturer is moving electric and will need a new suite of tools to manage the operations and energy of their fleet. We have evaluated almost every early-stage company in this sector, and Ampcontrol has built the strongest, most reliable, and advanced charging product in the market.”

About Ampcontrol

Ampcontrol is a leading AI-powered software for electric fleets. Fleet operators use Ampcontrol to reduce EV charger downtime and reduce electric fueling costs. The software connects to the EV charging hardware and vehicle telematics to make real-time decisions and provide detailed monitoring tools to fleet operators. Benefits are on-time departures, a low peak power demand, energy cost reductions, fully charged vehicles, and more. Ampcontrol’s API-based platform allows for easy and seamless compatibility with other existing software systems. The VC-backed company has deployments in the US, Europe, LATAM and Africa.

About The Westly Group

The Westly Group is a venture fund in Menlo Park that invests in energy, mobility, industrial technology, buildings, and cybersecurity and has had nine companies go public including Tesla Motors, Luminar, and SentinelOne. The firm has over $700M AUM and 22 energy and mobility companies invested in the fund including Audi, Geotab, Bridgestone, Oshkosh, AEP, Duke Energy, Dominion Energy, and more.

 

TagMaster NA’s ACTS ADVANCED Software Deployed For Local Water & Sewer District

July 25, 2023

 

 

 

 

TagMaster NA’s ACTS ADVANCED Software Deployed For Local Water & Sewer District

 

 

Tacoma, WA | July 2023 TagMaster North America, Inc. (TMNA), a leader for AVI (Automated Vehicle Identification) with over 25 years of experience and technical knowledge, announces the successful implementation of the powerful ACTS Advanced Management Software in conjunction with NDAA compliant Microwave 2.45GHz Long-Range RFID readers and tags. Partnering with Automated Gates and Equipment and Secure A Site, a comprehensive access control solution was provided for the Local Water and Sewer district in South King County Washington.

Automated Gates and Equipment included TagMaster NA early in their design process for a collaborative approach to ensure the highest performance and comprehensive vehicle tracking and access control solution on the market. AG&E offered a variety of services for the project from detailed shop drawings with critical measurements, to formed and poured concrete footings for the gate operators, keypad and the TMNA Automated Vehicle Identification Solution. Secure A Site installed the high-security gates and fencing for the project. With the wide scope of capabilities and their knowledgeable team the installation and planning process was smooth, easy and ultimately extremely successful. TMNA’s turnkey access control solution was easy to use and learn and provides the users and water and sewer district with crucial data and information they need to optimize and streamline their operations.

The TagMaster NA LR Series RFID equipment offers a solution impervious to electromagnetic interference and programmable frequency hopping to ensure optimized performance in any environment. Tag options include our windshield or hang tag mounted S1255 MarkTag Classic and S1355 Ruggedized Outdoor tag. This project is part of the development of their new Headquarters building and a quintessential part of automating vehicle access and facility oversight.

The ACTS Advanced Software Solution offered by TagMaster NA and deployed and implemented by Automated Gates & Equipment addresses a wide range of challenges for commercial and municipal vehicles in a demanding environment. The LR-6 PRO Microwave readers and tags deployed for this project in conjunction with the powerful and feature-rich ACTS Advanced software offers the district features such as organizing vehicles and credentials by group, area, device, company and the ability to provide customized gate scheduling and reporting to track and manage access for their vehicle fleet into and out of the district facility and collect valuable information to help them make data driven decisions for now and the future.

TagMaster NA, Automated Gates & Equipment and Secure A Site continue to earn their positions as industry leaders in Washington State by leveraging innovative products, high quality materials, knowledgeable installers making a highly adaptable solution team capable of responding to the ever evolving and changing market demands and offer unique and tailored solutions for municipal and government fleet management. Through this solution and project, the municipality and Water and Sewer district can more easily focus on doing what they do best, the continued delivery of safe, reliable and high-quality drinking water and responsible sewer service to their communities.

Automated Gates & Equipment offer the best in custom gates including driveway, entrance, fencing, access control systems and gate services for residential and commercial sectors. From beautiful security and privacy gates to high-security gate systems, you can see their experience and craftsmanship in the durability and finish details of every gate system. There are no prefabricated or packaged solutions, your custom gate or iron fencing is carefully fabricated and professionally installed and from start to finish you’ll work with courteous, experienced gate specialists who make it easy to design, install and maintain a dependable entry gate. www.aegates.com | P: 206-767-9080

Secure A Site Consistently demonstrate best practices in building and safety while providing superior professionalism and reliability. Originating as a wholesaler and manufacturing company they have a deep understanding of all the available options needed to satisfy their customers’ needs. SAS is a leading provider in the temporary and permanent fence business since 2006  www.secureasite.com | P: 877-727-4848

TagMaster North America, Inc. is a leading provider of Intelligent Identification solutions across many different markets and verticals, offering dual technologies including long-range Radio Frequency Identification (RFID) and License Plate Recognition (LPR). TagMaster NA addresses a wide range of challenges in the parking, rail bound, access, industrial and security industries with 25 years of experience and technical knowledge. The diverse family of hardware and software solutions ensures maximum adaptability and versatility. sales@TagMasterNA.com  | P: 866-615-5299

Concord Parking Finds Parking Solution for Newfoundland and Labrador Hospitals

July 24, 2023

 

 

 

Concord Parking Finds Parking Solution for Newfoundland and Labrador Hospitals

 

 

 

 

Concord Parking has installed four new Tango Pay Stations at St. Clare’s Mercy Hospital and The Miller Centre in Newfoundland and Labrador. The move comes after Newfoundland and Labrador Health Services (NLHS) came to Concord looking for a way to deter unauthorized parkers fromtaking up the limited number of spots available for hospital patients and guests.

NLHS wanted a cost-effective, user-friendly, and non-gated solution for its lots. To help solve the problem, Concord leveraged its team of parking experts across Canada. The solution was to setup the hospitals with various methods of payment. The new Tango Pay Stations can be found in the lobbies of both facilities. For patients and visitors, the pay stations simplify parking, as they accept coin, debit, and credit cards. Each site also has a QR code that connects to Concord’s SMRTpass, enabling customers to purchase parking on their smartphones. Customers can now enter theirlicense plate number through the Tango Pay Stations or on their phone, and the information is transferred to Concord’s License Plate Recognition (LPR) System, which monitors the lots andkeeps traffic flowing.

“Our client is extremely pleased with our parking implementation. She is relieved when she arrives at the hospital in the morning and sees ample parking spots available for the patients andvisitors.” said Michael Murray, President of Concord Parking.

The end result: Concord Parking successfully addressed NLHS’s concerns, making the patient and visitor experience a little less stressful while also recreating a revenue stream that was untapped for years.

 

About Concord Parking Ltd.

Located in Burnaby, British Columbia, Concord Parking provides a complete range of parking management services across Canada and the USA. We utilize License Plate Recognition (LPR) technology combined with our proprietary cloud-based permitting solution to provide effectivepermitting and enforcement services to universities, hospitals, municipalities, and both commercial and residential properties. Our modular system, Concord CTRL, streamlines the parking managementprocess and allows our clients to choose only the components they require. Concord Parking is a division of the Paladin Security Group which employs more than 20,000 employees across 68 offices in 9 provinces and 25 states in North America. concordparking.com

 

 

ParkMobile Partners with the Borough of Sewickley to Modernize its Parking Payment Solution

July 18, 2023

 

ParkMobile Partners with the Borough of Sewickley to Modernize its Parking Payment Solution

Residents and visitors can now pay for parking at 443 parking spaces throughout the town via the ParkMobile app

 

 

 

SEWICKLEY, Pa.,  — ParkMobile, the leading provider of smart parking and mobility solutions in North America and part of EasyPark Group, is partnering with the Borough of Sewickley to modernize its parking payment system. Now, residents and visitors can use ParkMobile’s digital payment solution to pay for parking at 443 on-street and off-street parking spaces throughout the city.

David Hoyt, managing director of ParkMobile, said of the partnership, “We’re thrilled to work alongside the Borough of Sewickley to bring ParkMobile’s user-friendly app to its residents as we continue to pursue our goal of making cities more livable. Our digital parking experience allows users to easily pay for parking, creating a seamless travel journey and eliminating the stress of finding and paying for parking.”

ParkMobile has a strong presence in Pennsylvania, with over 3 million users across the state and availability in major cities such as Pittsburgh and Philadelphia. The app is available for both iPhone and Android devices, and can be accessed on a mobile web browser. To pay for parking using the mobile or web app, a user enters the zone number posted on signs around the parking spot, selects the amount of time needed and touches the “Start Parking” button to begin the session.

“We’re excited to partner with ParkMobile to offer our residents a convenient option to pay for parking as they enjoy our local retailers and restaurants downtown,” said Donna Kaib, Borough Manager.

CONTACT:

Haley Haas
PR Manager, US
404-580-0112
haley.haas@parkmobile.io

Borough of Sewickley
Donna Kaib, Borough Manager,
412-741-4015

LAZ Announces Contract with Madison Realty Capital to manage parking services at Woodside Central, a development of two high-rise, mixed-use towers in Woodside, Queens. The deal is LAZ’s third contract with Madison Realty and the latest addition to its expanding portfolio of properties in Greater New York City

June 29, 2023

 

 

 

LAZ Announces Contract with Madison Realty Capital to manage parking services at Woodside Central, a development of two high-rise, mixed-use towers in Woodside, Queens. The deal is LAZ’s third contract with Madison Realty and the latest addition to its expanding portfolio of properties in Greater New York City

 

 

 

Hartford, CT – June 29, 2023  LAZ Parking, the largest, fastest-growing privately owned parking operator in the United States, announced today that it has contracted with Madison Realty Capital to manage parking services at Woodside Central, a new development of two high-rise, mixed-use towers at 46-09 69th Street and 46-10 70th Street, in Woodside, Queens. The location is the third parking services contract awarded to LAZ by Madison Realty Capital and the latest addition to LAZ’s expanding portfolio of properties in Greater New York City at LAZ provides parking services. The buildings have a combined total of 478 rental apartment units.

“LAZ takes immense pride in adding our first-in-class parking and valet services to the package of amenities available to the tenants of Woodside Central,” said Jeff Sanders, Regional Vice President for LAZ Parking in New York and New Jersey. “Madison Realty is a leader in residential and commercial property development, and we are thrilled they have chosen to partner with LAZ in yet another venture.”

With its thoughtfully designed modern interiors and extensive list of amenities, Woodside Central offers a fresh perspective on luxury living. Located in one of New York City’s most diverse and prominent neighborhoods, Woodside Central is a gateway to a unique and vibrant community that prides itself on its authenticity. Some 144 of the apartments have been set aside for residents earning up to 80 percent of the area median income (AMI), with rents affordable to individuals and families with annual income ranging from $55,886 to $115,280. The 12 and 15 story towers are pet friendly and feature an array of amenities that include bike storage lockers, a laundry room, media room, gym and yoga studio. Residents also have access to a rooftop terrace and East and West Tower terraces.

“We are thrilled to be entrusted, yet again, by Madison Realty Capital, to provide parking and valet services to the residents and commercial tenants in this luxury rental development,” said Alan Lazowski, Chairman, CEO, and Founder of LAZ Parking. “Our ongoing partnership with Madison, and our growing portfolio in Greater New York, is a testament to the level of service we consistently deliver to our customers and clients and our reputation for being the best in the industry.”

“LAZ is proud to continue to support the growth of Madison Realty in New York City,” added   Jorge Brandao, General Manager for LAZ Parking in New York. “We look forward to providing an essential service to the Woodside community, its residents, and businesses.”

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About LAZ Parking

LAZ Parking is the largest, fastest-growing privately owned parking operator in the United States and a pioneer in digital parking technology. Founded in Hartford, CT, LAZ has been providing best-in-class parking management and transportation services since 1981 and operates over 1.4 million parking spaces in over 3,500 locations in 41 states and 452 cities in the U.S.  LAZ is an industry leader in business intelligence, remote monitoring, eCommerce solutions, and Proximity On-Demand Services or “LAZ PODS”. We leverage our national network of parking facilities to offer cutting edge, tech-enabled solutions, that include  EV charging, micro warehousing, last-mile logistics, and ghost kitchens, working across the hospitality, commercial, healthcare, airports, transportation, universities, government, retail, events, residential, and shuttle service industries. LAZ is a people first, conscious capitalist company, committed to elevating humanity through business. Additional information can be found at www.lazparking.com.

Beam Global Executes Binding LOI to Acquire Europe Based Amiga, Announces Proposed Public Offering of Common Stock and Announces Q2 Revenue and Unit Guidance

June 19, 2023

 

Beam Global Executes Binding LOI to Acquire Europe Based Amiga, Announces Proposed Public Offering of Common Stock and Announces Q2 Revenue and Unit Guidance

 

 

The planned accretive transaction is intended to expand Beam Global’s business into the European market and increase Beam Global’s production, engineering, sales and product development expertise

 

  • Acquisition expected to increase and diversify revenues and gross profits
  • Amiga recorded revenue of over EUR 8.5M in 2022
  • Expected to enhance Beam Global’s manufacturing and engineering capabilities
  • Expected to accelerate the development of our EV Standard™ and other products both in the European and U.S. markets
  • Expected to add new customer segments in both the U.S. & Europe

 

 

 

SAN DIEGO  — Beam Global, (Nasdaq: BEEM, BEEMW) (“Beam Global” or the “Company”), a leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, today announced the execution of a binding Letter of Intent to acquire European based Amiga DOO Kraljevo (“Amiga”), an established manufacturer of specialized structures and equipment, producing street lights, communications and energy infrastructure whose manufacturing, engineering and sales teams serve municipalities, states and commercial customers in 16 nations. The transaction is pending completion of Beam Global’s due diligence, which will include customary closing conditions, and is expected to be finalized in Q3 or Q4 2023.

Additionally, Beam Global today announced that it has commenced an underwritten public offering of shares of its common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The offering is not conditioned on the completion of the potential acquisition of Amiga. Maxim Group LLC and Freedom Capital Markets are acting as joint book-runners of the proposed offering.

Q2 Update

Beam Global anticipates our revenue for the three months ended June 30, 2023 to be in a range of $15.5 million to $17.0 million which would be the highest quarterly revenue achieved in the Company’s history. For the three months ended June 30, 2023, we anticipate delivering approximately 195 to 205 ARC™ solar-powered EV charging infrastructure systems as well as continuing to deliver our energy storage solutions to our customers.

About Amiga

Amiga was founded in 1990, has approximately 210 employees and currently has engineering, product development and manufacturing capabilities which Beam Global believes are ideally suited to manufacture and perfect the Company’s current products for the European market. Amiga is one of Europe’s leading manufacturers of streetlights and is strategically positioned to bring Beam Global’s patented EV Standard™ to market both in the European Union (EU) and U.S. We plan to integrate Amiga’s team of qualified engineers with Beam Global’s current team which we expect will provide a valuable enhancement and acceleration of product development cycles and reduce the requirement for Beam Global to add engineering headcount in the U.S. Pending the closing of the transaction, Amiga will be rebranded Beam EU.

According to financial statements provided to Beam Global by Amiga, Amiga generated over EUR 8.5M in revenue in 2022 and had gross profit during that period. Beam Global expects the acquisition to be accretive based on a revenue multiple with expected additional operating synergies.

Since 1990 Amiga has been selling to municipalities, states and commercial customers. Amiga’s customer profile is very similar to Beam Global’s current customers and we intend to use Amiga’s existing customer list as an initial prospecting list as we introduce Beam Global’s products to the European market. We plan to integrate Amiga’s sales and marketing team with Beam Global’s and the Company intends to add EV charging infrastructure sales expertise in Europe.

“We have spent over 30 years building credibility and solid relationships with government and commercial customers in sixteen nations internationally. Many of our customers are repeat customers. Becoming part of Beam Global will allow us to market the latest renewably energized EV charging infrastructure products to our existing customers while opening up an entirely new set of opportunities for us. We have the engineering and operational capabilities to fabricate Beam products and a long list of prospects to market them to,” said Ivan Tlacinac, Amiga CEO and owner. “I am excited by the prospect of combining our engineering team with their talent in San Diego and Chicago so that we can rapidly introduced Beam’s existing and contemplated products like the EV Standard™ to the European and surrounding regions. There is a great deal of appetite for EV charging infrastructure, renewable energy and energy security in Europe at the moment and Beam’s products provide all three. I am thrilled that we will soon be capitalizing on this opportunity as part of the growing Beam Global family.”

Strategic Rationale for the Acquisition of Amiga

Beam Global believes that the acquisition of Amiga fast tracks its growth into the European market. This market offers excellent opportunities for our off-grid, zero construction or electrical work products because:

  • the EU has mandated a transition to zero emission vehicles by 2035;
  • the EU is heavily focused on green and sustainable energy;
  • the war in Ukraine has focused the EU on energy security and home-grown renewable sources; and
  • the historic aging of streets and infrastructure make it more complicated to deploy grid tied EV charging solutions than is the case in much of the United States

We believe that Beam Global’s suite of products are ideally suited for deployments where the above bulleted conditions exist because they require no construction or electrical work, are renewably energized and do not rely on the utility grid for electricity. We believe the acquisition will also increase barriers to entry for future competition and advance Beam Global’s position as a leader in the green economy.

“We have long believed that the European market offers significant opportunities for Beam Global expansion. The automotive market is larger than China or the U.S. and Europe’s commitment to sustainability, electrification and renewable energy is active both at the government and commercial levels,” said CEO of Beam Global Desmond Wheatley. “We believe that Amiga is a perfect fit for us because they have all of the skills, capabilities and factory facilities required to make our products through the IP that we control. Since 1990 Amiga has been selling to the same customer profile we have successfully targeted in the U.S., which we believe will give us immediate credibility and access to qualified prospects in 16 countries internationally. Amiga’s engineering and production teams are well suited to develop and produce our patented EV Standard product which I believe may be our biggest seller in both the U.S. and Europe. We have been working to find an opportunity like this for a long time and I am thrilled at the prospect of expanding our business into markets which could arguably be larger than the U.S. where we are currently experiencing dramatic organic growth. We are putting the “global” in Beam Global.”

According to Whichcar.com, Europe has approximately 405 million cars compared to approximately 290 million in the U.S. and 319 million in China according to CEIC data. In June of 2022, the European Parliament backed the European Commission’s proposal of zero emissions from new cars and vans by 2035. Beam Global views expansion into the European market as a major opportunity for growth.

Key Transaction Terms

Subject to completion of due diligence, including completion and review of an audit of Amiga’s financial statements under U.S. GAAP, Beam Global is expected to acquire Amiga for EUR 10M of initial consideration splits as follows: (i) EUR 7M of cash of which EUR 4.5M will be paid at closing and an additional EUR 2.5M paid on Dec. 31, 2023 and (ii) EUR 3M in Beam Global’s stock distributed in the same proportions and timing as the cash payments.

The transaction also includes performance based earn-outs which would be distributed to Amiga shareholders based as follows: (i) 2023 earn-out paid in Beam Global’s stock based on 2x the euro value of revenue above EUR 10M and (ii) 2024 earn-out paid in Beam Global’s stock based on 2x the euro value of revenue above the greater of EUR 13.5M or 135% of 2023 revenue.

As part of the consideration paid for Amiga, Beam Global will be receiving buildings and land independently valued at EUR 7M as well as plant and equipment independently valued at EUR 6M of replacement value.

About the Offering

The issuer has filed a registration statement (including a prospectus) and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. This communication relates to the proposed public offering of shares of common stock of Beam Global that are being offered pursuant to an effective shelf registration statement on Form S-3 (File No. 333-238701) previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on June 4, 2020. The shares may be offered only by means of a prospectus. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the public offering has been filed with the SEC, form a part of the effective registration statement and are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the public offering may also be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16thFloor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com or by contacting Freedom Capital Markets in writing at 40 Wall Street, 58th Floor, New York, NY 10005, or via email at EquitySyndicate@freedomcapmkts.com or via telephone at (800) 786-1469.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Beam Global

Beam Global is a clean technology leader providing innovative, sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media. Core platforms include Beam EV ARC™ and Solar Tree® sustainable EV charging systems, Beam AllCell™ high-performance energy storage solutions, energy resiliency and disaster preparedness products and a deep patent library.

Beam EV ARC™ EV charging infrastructure systems support any quality brand EV charging service equipment, and Beam AllCell™ battery solutions power micro-mobility, terrestrial EVs, aviation, maritime and recreational vehicles as well as stationery and energy-security platforms.

Beam develops, patents, designs, engineers and manufactures unique and advanced clean mobility solutions that protect the environment, save customers time and money, empower communities and keep people moving. Based in San Diego and Chicago, the company produces Made-in-America products with the mission to Lead the World to Clean Mobility. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW. For more information visit BeamForAll.com, LinkedInYouTube and Twitter.

Forward-Looking Statements

This Beam Global Press Release contains forward-looking statements including but not limited to statements about the Company’s belief about its future profitability. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. Forward-looking statements in this press release include, but are not limited to, statements regarding the anticipated closing of the offering, the closing of the potential acquisition of Amiga, prospects for the Company’s growth and profitability, and the expected uses of the proceeds from the Offering. Completion of the offering and the closing of the potential acquisition of Amiga are each subject to numerous factors, many of which are beyond the Company’s control, including, without limitation, market conditions, failure of customary closing conditions, completion and satisfaction of the Company’s due diligence of Amiga, including the completion of an audit of Amiga’s last two fiscal years under U.S. GAAP, and the risk factors and other matters set forth in the prospectus supplement and accompanying prospectus included in the registration statement and the documents incorporated by reference therein. You are cautioned not to place undue reliance on any forward-looking statements made by the Company, which are based only on information currently available to it when, and speak only as of the date, such statement is made. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by law. We have set out within this press release certain preliminary estimated financial results for a portion of the three months ending June 30, 2023. These estimated financial results are, incomplete, preliminary and subject to normal end of period closing procedures and, accordingly, are subject to change. They are also subject to further internal review and the Company’s independent auditor who have not completed their review. As a consequence, actual results may differ from the preliminary results described herein. We also refer you to the risks described in ”Risk Factors” in the Company’s Annual Report on Form 10-K, in Quarterly Reports filed on Form 10-Q, and in the other reports and documents it files with the Securities and Exchange Commission.

Media Contact:
Next PR
+1 813-526-1195
Press@BeamForAll.com

Investor Relations:
Core IR
+1 516-222-2560
IR@BeamForAll.com

Modii Collaborates with St. Augustine, FL to Implement A New Era of Efficient Parking For The City

June 15, 2023

 

 

 

Modii Collaborates with St. Augustine, FL to Implement A New Era of Efficient Parking For The City

 

 

 St. Augustine, FL. June 15, 2023– Modii, a leader in smart mobility solutions, in collaboration with the City of St. Augustine is pleased to announce the launch of the St. Augustine Parking Finder website. The digital parking platform is designed to improve the parking experience for both tourists and residents – ensuring they are able to easily identify parking options and availability prior to visiting the historic downtown area. Drivers in St. Augustine are provided with efficient and convenient parking options directly to their phone, while also cutting the congestion caused by those circling to find parking.

Key to the Parking Finder is the ability to see up-to-the-minute parking conditions, as well as live availability in the Historic Downtown Parking Facility, a 1,200 space parking garage. This will significantly help to reduce the time and frustration that the 6 million annual visitors to St. Augustine experience when parking, making it easier for everyone to find a convenient spot when visiting the city on vacation, dining or shopping.

“We are thrilled to announce the launch of our smart parking platform in a city as historic as St. Augustine,” said Mark Frumar, President at Modii. “We believe that our technology will greatly benefit both the city, its residents and visitors by improving the experience of everyone visiting the area.”

Another major benefit to Modii’s smart parking innovation is the ability for parking administrators to make better-informed decisions in regards to the allocation of parking at peak times. The technology will allow parking administrators to easily update parking information and rules at any given point, to help with road closures, city events and more, reducing confusion and frustration while making it easier for everyone to park safely and legally.

“We are excited to collaborate with Modii to implement the St. Augustine Parking Finder website,” said Reuben Franklin, Assistant City Manager. “This innovative digital platform will greatly enhance the parking experience for residents and tourists visiting our historic downtown area. By leveraging real-time parking information and cutting-edge technology, we can alleviate congestion, improve traffic flow, and ensure that everyone can find parking options easily.”

Through a collaborative effort that involved the expertise and support of Smart North Florida, a leading organization dedicated to advancing smart city initiatives, this innovative digital platform will greatly enhance the parking experience for residents and tourists visiting the historic downtown area.

“The deployment of Modii in the City of St. Augustine is a powerful example of public sector innovation. We’re excited about this launch and feel that it best exemplifies the collaborative approach to making smart communities a reality. We’re grateful that Smart North Florida played a small part in this partnership”, said Clayton Levins, Executive Director at Smart North Florida.

The St. Augustine Parking Finder is the perfect tool for anyone who lives in or visits St. Augustine and needs to know the best places to park or to better understand parking regulations. With a view to further expand incorporating multi-modal transportation options, Modii is helping to reduce frustration for both residents and visitors, while also making the city’s streets safer and less congested. 

Modii’s innovative solutions have already been successfully implemented in multiple cities across the United States, as well as several of the largest university campuses. The company is committed to making parking and mobility easier for all – parking administrators, locals and visitors. If you’re in St. Augustine and need help finding parking, be sure to check out theSt. Augustine Parking Finder– It’s a smart solution for a modern problem.

About Modii 

Modiiprovides modern mobility solutions via a unified platform of digital infrastructure, data integration, and parking intelligence. The innovative technology supports the digital transformation of urban areas and campuses while empowering thoughtful parking planning through data-driven insights.

Alina Prioteasa

Marketing Manager

Modii Inc.

1700 Lincoln St., 17th Floor, Denver, CO 80203
W: www.modii.co | E: alina@modii.co | L: LinkedIn

 

ABM Debuts Its First-Ever Branded Integrated EV Charging Solution 

June 13, 2023

ABM Debuts Its First-Ever Branded Integrated EV Charging Solution 

 

Introduction of ABM-Branded Charger Stations and EV software further strengthens  

position as a leading single source provider of EV ecosystem solutions and service  

 

NEW YORK  – ABM (NYSE: ABM), one of the nation’s largest providers of facility services, infrastructure solutions and parking management, has announced the debut of its first-ever branded electric vehicle (“EV”) products, including ABM EV Charging Stations (Level 2 and Level 3) and ABM EV OS, a cloud-based operating platform for EV chargers.  

Through the introduction of EV hardware, and smart software made possible by an investment in a partnership with Noodoe, a global developer and provider of innovative EV charging software, ABM bolsters its ability to provide comprehensive single-source solutions to design, build, operate and maintain custom, scalable EV infrastructure installations. The ABM Charging Stations and ABM EV OS are being previewed on-site at the 2023 IPMI Parking & Mobility Conference & Expo in Fort Worth, Texas, June 11 to 14 in Booth 505. 

“ABM is a market leader in sustainable infrastructure, power, and bundled energy solutions, pioneering innovative and tech-forward services across the eMobility, EV and electrification industries,” said Scott Salmirs, President and Chief Executive Officer, ABM. “Our introduction of branded hardware and our investment in software marks an exciting next step placing us at the forefront of the dynamic EV infrastructure industry, by enabling us to offer our clients a single source for rapidly growing needs in this sector.”

ABM EV Charging Stations & Hardware: 

ABM has introduced its own branded chargers, along with related accessories, to help prepare customers to meet the current needs of drivers while future proofing for tomorrow. ABM’s branded chargers include: 

  • ABM Level 2 AC Charging Stations:  A full range of Smart EV Level 2 charging stations from 6.6 to 19.2kW power output. Designed for any commercial, municipal, or residential parking location, including airports, hotels, hospitals, universities, commercial or residential parking lots, stadiums and sports venues, and more.  

  • Level 3 DC Fast Chargers: A full range of DC fast charging stations ranging from 24 kW DC wallboxes ideal for commercial parking, auto dealerships, workplace facilities and fleets, to 350kW high powered stations suited for larger vehicles including buses and trucks. 

 

ABM EV OS Software: 

As one of the most advanced and versatile cloud-based operating platforms, ABM EV OS helps customers optimize the user experience through autonomous operations, while enabling the lowest possible operating cost. With the ability to run a single charging station or a network across multiple locations, the software provides intelligent monitoring, remote operation management, comprehensive reporting, and automatic infrastructure diagnostics.  

The software also provides payment processing and is customizable with integrations such as customer loyalty programs, entry badges, and parking systems to enable customer experience, revenue, and operational optimizations for both public facing and private charging station operators. 

ABM EV OS is being launched in partnership with Noodoe providing its cutting-edge cloud-based software to greatly improve the experiences of the owners, operators, and drivers who rely on ABM’s EV charging infrastructure services. By autonomously providing 24/7 charging service delivery, monitoring, diagnostics, and recovery, ABM EV OS is designed to deliver advanced accessibility, efficiency, and EV charging station uptime. As part of this partnership, ABM is investing in Noodoe through ABM Ventures to support growth and broader collaboration between the two companies. 

“We are excited to partner with ABM in this rapidly growing and evolving EV ecosystem to develop innovative solutions and enhance user and operator experience,” said John Wang, Chairman, Noodoe Group. “By pairing our next-generation software with ABM’s scale and industry leading expertise, we will grow our reach to support the global EV evolution already underway.” 

“As the nation continues to move toward an electric-first future on the road, the country’s infrastructure requires smart solutions that can readily adapt to changing consumer habits while requiring relatively little hands-on operating,” said Mark Hawkinson, President of Technical Solutions, ABM. “At ABM, we’re uniquely positioned to understand what is needed at all points of the EV ecosystem, from the power grid to the customer experience, which is why we’ve applied that knowledge to creating the best EV software and hardware solutions available.” 

These ABM-branded hardware and software products are now available as part of ABM’s full suite of EV ecosystem support solutions, ranging from comprehensive engineering, design, and installation to maintenance services and turn-key microgrid systems and technologies.  

As one of the country’s largest installers of EV charging stations, with over 28,000 installed to date, the introduction of these new branded-products builds upon ABM’s recent announcement to construct a first-of-its-kind EV ecosystem hub—the ABM Electrification Center—which will centralize its eMobility, resiliency, and electrical infrastructure operations, services and training through an expanded multiuse facility. 

For further information on ABM’s services and solutions, please visit www.abm.com. To learn more about how ABM simplifies everything EV with customized infrastructure resources or to explore additional details around the company’s newly introduced EV software and hardware products, please visit www.abm.com/SimplifyEV.  

About ABM

ABM (NYSE: ABM) is one of the world’s largest providers of facility services and solutions. A driving force for a cleaner, healthier, and more sustainable world, ABM provides essential services and forward-looking performance solutions that improve the spaces and places that matter most. From curbside to rooftop, ABM’s comprehensive services include janitorial, engineering, parking, electrical and lighting, energy and electric vehicle charging infrastructure, HVAC and mechanical, landscape and turf, and mission critical solutions. ABM serves a wide range of industries – from commercial office buildings to universities, airports, hospitals, data centers, manufacturing plants and distribution centers, entertainment venues and more. Founded in 1909, ABM serves over 20,000 clients, with annualized revenue approaching $8 billion and more than 100,000 team members in 350+ offices throughout the United States, United Kingdom, Republic of Ireland, and other international locations. For more information, visit www.abm.com.

About Noodoe Inc. 

Noodoe’s vision is to put the best EV charging experience in every parking lot via Noodoe EV charging stations running Noodoe EV OS, today’s most advanced operating system for running intelligent charging infrastructures. Flexible and innovative, Noodoe develops next-generation solutions to meet any business’ EV charging needs. By automating all operations of the EV charging network, including 24/7 charging service delivery, automatic billing, payment processing, and infrastructure diagnostics, Noodoe EV OS enables Charging Service Providers worldwide to achieve the lowest possible operating costs. 

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