Benzinga | Sep 21, 2021 10:14AM EDT

Blink Charging Wins Supplier Contract With Sourcewell, No Terms Disclosed

Blink Charging Co. (NASDAQ:BLNK, BLNKW))) ("Blink" or the "Company"), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced that it has been awarded a cooperative purchasing contract, in the Electric Vehicle Supply Equipment category, from Sourcewell, a self-sustaining government organization that offers contract purchasing solutions.

Sourcewell's cooperative purchasing program includes more than 400 competitively solicited contracts to government, education, and nonprofit entities. Utilizing Sourcewell contracts, participating agencies can save time and money by capturing the collective buying power of more than 50,000 organizations. For product providers such as Blink, sourcewell provides new prospective clients for their products.

"We're excited to have been awarded a purchasing contract with Sourcewell, to make our EV chargers available to the municipal and nonprofit entities that Sourcewell serves. As more and more drivers transition to EVs, the installation and availability of reliable charging infrastructure is critical. We're optimistic that this Sourcewell contract will help municipalities streamline the procurement process, making it easier to get Blink EV Charging stations installed in local communities and help further the acceleration of electric vehicle use," commented Michael Battaglia, Senior Vice President of Blink.

The Sourcewell agreement is among several that Blink Charging has announced recently further expanding its distribution channels for its product line-up of commercial and residential EV charging stations.