Benzinga | May 6, 2021 08:59AM EDT

Beam Global Receives Federal Agency Repeat Order Through the Federal GSA MAS Contract

Beam Global, (NASDAQ:BEEM, BEEMW))), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that a federal customer has placed a fifth order for EV ARC(tm) systems. This repeat order was, for the first time, placed using General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006.

"The rigorous application and vetting process to gain the GSA award was worth the effort. This customer has bought EV ARC systems on five separate occasions but this last one, using the GSA contract, was the fastest and easiest Federal procurement we have experienced by a long shot," said Beam Global CEO Desmond Wheatley. "I believe that having this contract in place will be beneficial as we see increased government investment in EV charging infrastructure. Our made in America products offer clean, secure, rapidly deployed and highly scalable EV charging infrastructure. The timing couldn't be better."

On Jan. 27, 2021, President Biden issued an executive order that called for "clean and zero-emission federal, state, local, and tribal government fleets." The federal government operates approximately 645,000 vehicles. President Biden also proposed $174 billion investment in the EV market and an additional 500,000 publicly available EV charging stations on U.S. highways. Beam Global views Federal investment in EV infrastructure as an important potential source of future revenues particularly now that the Company has been awarded a Federal GSA contract.

GSA MAS Contracts, frequently referred to as GSA Schedules, are pre-competed, Federal Acquisition Regulation (FAR) compliant contracts that serve to streamline the government procurement process. Federal agencies can purchase EV ARC(tm) ready-to-deploy solar EV Charging products on the GSA Advantage!(r) site. Due to the recent rebrand from Envision Solar to Beam Global, products are listed under Envision Solar while the name change is processed.