Blink Charging Secures Exclusive Deal With Keystone Purchasing Network For EV Charging Services, Aiding Education Sector Nationwide
Portfolio Pulse from Nabaparna Bhattacharya
Blink Charging Co. (NASDAQ:BLNK) has been chosen as the exclusive provider of EV charging services for the Keystone Purchasing Network (KPN), effective March 1, 2024. The deal, which includes options for a three-year extension, aims to support the education sector by leveraging Blink's expertise in EV charging solutions. Financial details of the contract were not disclosed. Blink has already installed about 2,000 charging stations in educational institutions, reflecting its commitment to promoting EV adoption in the sector.
April 11, 2024 | 4:26 pm
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POSITIVE IMPACT
Blink Charging's exclusive contract with KPN to provide EV charging services to the education sector highlights its growing influence and potential for increased market share in this niche area.
Securing an exclusive deal with a purchasing network like KPN not only opens up a significant new revenue stream for Blink Charging but also solidifies its position in the EV charging industry, particularly within the education sector. This partnership could lead to increased installations and usage of Blink's charging stations, potentially boosting its financial performance and stock price in the short term.
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IMPORTANCE 80
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