GlobeNewswire Inc | Dec 16, 2020 09:15AM EST

December 16, 2020

Miami Beach, FL, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Blink Charging Co. (Nasdaq: BLNK, BLNKW) (Blink or the Company), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, announced today the installation of an additional ten IQ 200 EV chargers at St. Lukes University Health Networks Orwigsburg, Quakertown, and Easton, PA hospital campuses. The Company is also scheduled to install eight additional chargers at the Allentown, PA hospital campus. The deployment of these Blink-owned charging stations builds upon the Companys initial contract and deployments with St. Lukes announced in January 2019.

St. Lukes University Health Network is a fully integrated, regional, non-profit network of 12 hospitals and 300 outpatient sites. With the addition of these charging stations, St. Lukes will have 26 Blink charging stations across its hospital network. As EV demand increases, the agreement with St. Lukes allows for further deployments across St. Lukes healthcare locations.

We are thrilled to continue our support of St. Lukes initiative to make EV charging accessible to their patients, staff, and visitors. We are experiencing considerable growth in the healthcare sector as hospitals and medical clinics are installing our fast-charging stations to support the accelerating EV adoption. Our agreement with St. Lukes utilizes our Blink-owned model, which provides the customer with a turnkey solution and allows the healthcare provider to add chargers as demand increases. It also enables Blink to realize an economic benefit as utilization of the charging stations grow, said Michael D. Farkas, Founder and Chief Executive Officer of Blink.

The St. Lukes charging stations were funded through a grant from the Driving PA Forward initiative, which has a goal of permanently reducing NOx emissions by as much as 27,000 tons.

Mr. Farkas continued, Grant and rebate programs are playing an important role in accelerating the installation of the necessary infrastructure to support EV growth. The Driving PA Forward initiative includes a substantial grant program for EV charging equipment, and we are pleased to have been chosen to help ensure this initiative is a success.

Blinks announcement of these deployments across St. Lukes locations comes following the Companys announcement of an agreement with another leading healthcare provider, Blessing Health System, based in Illinois.

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ABOUT BLINK CHARGINGBlink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment and has deployed over 23,000 charging stations, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Companys charging locations worldwide. Blink Chargings principal line of products and services include its Blink EV charging network (Blink Network), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million by 2025 from approximately 2 million in 2019, the Company has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, please visit https://www.blinkcharging.com/.

About St. LukesFounded in 1872, St. Lukes University Health Network (SLUHN) is a fully integrated, regional, non-profit network of more than 16,000 employees providing services at 12 hospitals sites and 300+ outpatient sites. With annual net revenue in excess of $2.5 billion, the Networks service area includes 11 counties: Lehigh, Northampton, Berks, Bucks, Carbon, Montgomery, Monroe, Schuylkill and Luzerne counties in Pennsylvania and Warren and Hunterdon counties in New Jersey. Dedicated to advancing medical education, St. Lukes is the preeminent teaching hospital in central-eastern Pennsylvania. In partnership with Temple University, St. Lukes established the Lehigh Valleys first and only regional medical school campus. It also operates the nations longest continuously operating School of Nursing, established in 1884, and 38 fully accredited graduate medical educational programs with 347 residents and fellows. St. Lukes is the only Lehigh Valley-based health care system to earn Medicares five- and four-star ratings (the highest) for quality, efficiency and patient satisfaction. St. Lukes is both a Leapfrog Group and Healthgrades Top Hospital and a Newsweek Worlds Best Hospital. U.S. News & World Report ranked St. Lukes #1 in the Lehigh Valley and #6 in the state. Three of IBM Watson Healths 100 Top Hospitals are St. Lukes hospitals. St. Lukes University Hospital has earned the 100 Top Major Teaching Hospital designation from IBM Watson Health eight times total and six years in a row. St. Lukes has also been cited by IBM Watson Health as a 50 Top Cardiovascular Program. Utilizing the Epic electronic medical record (EMR) system for both inpatient and outpatient services, the Network is a multi-year recipient of the Most Wired award recognizing the breadth of the SLUHNs information technology applications such as telehealth, online scheduling and online pricing information. St. Lukes is also recognized as one of the states lowest cost providers.

Forward-Looking StatementsThis press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, along with terms such as anticipate, expect, intend, may, will, should, and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink Chargings periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

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