Beam Global Granted U.S. Patent for Wireless / Inductive Electric Vehicle Charging Powered by Renewable Energy
Beam Global (BEEM) has been granted a new patent by the United States Patent Office for its wireless charging technology, enabling EVs to charge wirelessly without the need for a charging cable. The patented technology, Self-Contained Renewable Inductive Battery Charger, will be integrated into the EV ARC™ system, providing easy and efficient charging solutions for electric vehicles. CEO Desmond Wheatley highlights the convenience and commercial implications of this technology, emphasizing the ease of deployment and operation for fleet managers and consumers.
The introduction of a self-contained renewable inductive battery charger by Beam Global represents a significant step forward in electric vehicle (EV) charging technology. The ability to charge vehicles wirelessly aligns with the increasing consumer demand for convenience and the broader industry shift towards seamless integration of technology. From an electrical engineering standpoint, the integration of wireless power transmitters into the EV ARC™ system's ballast and traction pad is a sophisticated design choice that eliminates the need for additional infrastructure modifications, which can be both costly and disruptive.
Moreover, the efficiency of power transfer and the system's compatibility with various EV models will be critical factors in determining the success of this technology. Beam Global's approach also suggests potential reductions in long-term maintenance costs associated with physical charging connections, which could be a strong selling point for fleet operators. However, the actual efficiency rates of wireless charging compared to traditional methods will need to be closely examined, as any significant loss in transmission could affect the value proposition of the technology.
Beam Global's patent for wireless EV charging technology could disrupt the EV infrastructure market by offering a more convenient charging solution. The market for EV charging stations is expected to grow substantially as EV adoption increases and innovations that simplify the user experience have the potential to capture significant market share. The convenience factor of 'park and charge' without manual intervention could be particularly attractive to fleet operators, who manage large numbers of vehicles and can benefit from the automation of the charging process.
However, the market adoption will depend on the cost of the technology, the speed of charging compared to conventional methods and the rate at which EV manufacturers incorporate compatible wireless charging receivers into their vehicles. While the initial response may be positive, long-term success will be contingent upon these factors. Beam Global may need to form strategic partnerships with EV manufacturers to ensure widespread compatibility and adoption of their patented technology.
The granting of a new patent for wireless charging technology could have financial implications for Beam Global. Patents can provide a competitive edge by securing intellectual property rights, potentially leading to increased market share and revenue streams through licensing agreements or exclusive product offerings. The development of wireless charging solutions could also open up new markets and customer segments for Beam Global, including those who prioritize convenience and cutting-edge technology.
Investors will be interested in the company's ability to commercialize this patent effectively. They will look for indicators such as partnerships with EV manufacturers, investment in production capabilities and a clear go-to-market strategy. It is also important to monitor the cost implications of this technology, as it could affect the pricing strategy and profitability margins. While the patent is a positive development, its financial impact will depend on execution and market reception.
03/19/2024 - 06:00 AM
SAN DIEGO, March 19, 2024 (GLOBE NEWSWIRE) -- Beam Global BEEM
The U.S. Patent Office granted Patent No. US 11,912,144 B2 for Beam Global’s wireless/inductive EV ARC™ that will have the capability of charging EVs wirelessly without the requirement to plug in a charging cable. The new product will be equipped with a wireless power transmitter which delivers electrical energy to charge the EV’s batteries through the air and is installed in the engineered ballast and traction pad of the EV ARC™ system. EV ARC™ products are ideal infrastructure solutions for inductive or wireless charging because the transmitters can be integrated into the product rather than requiring further disruptive construction and electrical work when installing a similar grid-tied transmitter into a parking space.
“The EV ARC is already the easiest and fastest deployed EV charging infrastructure solution. With this new patented technology a driver will have the ability to fuel a vehicle by doing no more than parking on the EV ARC. As an EV driver myself, I’m thrilled by the idea of powering my car with sunshine wirelessly and with no effort,” said Desmond Wheatley, CEO of Beam Global. “But the commercial implications of this technology are even more compelling. We believe that increasing numbers of EVs will be equipped with wireless charging receivers and fleet operators and public charging operators will seek efficient methods to deploy the transmitters without having to perform permitted construction and electrical work. The wireless EV ARC will provide that ease and efficiency.”
Wireless EV charging will allow fleet managers and consumers to feel confident that their vehicles never miss a charge because they have not been plugged in. Any operator using the patented wireless EV ARC™ will simply park on the EV ARC™ as usual. The wireless charge will commence automatically without further requirements for human intervention. To disengage the charging process, the vehicle operator will simply drive away.
About Beam Global
Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Headquartered in San Diego with facilities in Chicago, Belgrade and Kraljevo, Beam Global has a deep patent portfolio and is listed on Nasdaq under the symbols BEEM and BEEMW. For more information visit BeamForAll.com , LinkedIn , YouTube and X (formerly Twitter) . Forward-Looking Statements
This Beam Global Press Release may contain forward-looking statements. 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. These statements relate to future events or future results of operations, including, but not limited to the following statements: statements regarding the acquisition of Amiga, its expected benefits, and the anticipated future financial performance as a result of the acquisition. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global's actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.
Media Contact: Press@BeamForAll.com Investor Relations: IR@BeamForAll.com
What patent has Beam Global (BEEM) been granted by the United States Patent Office?
Beam Global has been granted Patent No. US 11,912,144 B2 for its wireless/inductive EV ARC™ technology.
What is the title of the patent granted to Beam Global (BEEM) by the United States Patent Office?
The patent title is Self-Contained Renewable Inductive Battery Charger.
How does the new patented technology by Beam Global (BEEM) enable EV charging?
The technology allows EVs to charge wirelessly without the need to plug in a charging cable.
Who mentioned that the EV ARC is the easiest and fastest deployed EV charging infrastructure solution?
Desmond Wheatley, the CEO of Beam Global, highlighted that the EV ARC is the easiest and fastest deployed EV charging infrastructure solution.
What are the commercial implications mentioned by Desmond Wheatley regarding the new patented technology?
Desmond Wheatley mentioned that increasing numbers of EVs equipped with wireless charging receivers will lead fleet operators and public charging operators to seek efficient deployment methods without the need for construction and electrical work.
How does the wireless EV charging system work for operators using the patented technology?
Operators using the patented wireless EV ARC™ simply need to park on the EV ARC™ for the charging process to commence automatically, without the need for human intervention.
