Beam Global's Pending Acquisition, Drone Company ScoutDI, Receives New Orders for Offshore FPSO Inspections in West Africa

ScoutDI's new orders include recurring-revenue software, with shipment and revenue generation expected in the fourth quarter of 2026.

Rhea-AI Summary

Beam Global (Nasdaq: BEEM) announced that its pending acquisition target, ScoutDI, received drone and software orders supporting offshore inspections in West Africa. The orders cover drones and recurring-revenue software for two independent inspection services companies, one based in Ghana and one for operations in Angola. They support inspections of floating production, storage and offloading vessels, known as FPSOs. Shipment and revenue generation are expected in the fourth quarter of 2026.

Beam signed a definitive agreement to acquire ScoutDI, announced October 7, 2026. Closing is expected early in November, subject to customary closing conditions. Beam intends to use ScoutDI's drones and software to create one-time and recurring revenue opportunities and expand into additional energy markets across Africa.

4 points · 0 major

PositiveiHow this balance works

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How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointBeam signed a definitive agreement to acquire ScoutDI, announced October 7, 2026.
• Minor pointScoutDI, Beam's acquisition target, secured drone and recurring-revenue software orders from two independent inspection services companies.
• Minor point. Forward-looking: it has not happened yet and may not happen.New ScoutDI orders are expected to ship and generate revenue in the fourth quarter of 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.Beam plans to expand the drone business into additional energy markets across Africa.

Negative

• Moderate pointScoutDI acquisition remains pending, with closing expected early in November.

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Market Reaction – BEEM

$0.90 – $0.95 Day Range

$21.10M Mkt Cap at Last Price

On Oct 27, the day this news came out, the latest delayed price for BEEM is 2.29% above the previous close. The latest delayed price is $0.93. Relative volume is exceptionally heavy at 18.8x the average.

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Key Figures

Inspection services companies: 2 independent companies Expected shipping and revenue: Fourth quarter of 2026

Inspection services companies

2 independent companies

Orders for drones and recurring-revenue software supporting FPSO inspections

Expected shipping and revenue

Fourth quarter of 2026

Timing stated for the orders

Previous Acquisition Reports

2 past events · Latest: Oct 15

Same Type 2 events

1. Oct 15

   ScoutDI order

   24h Move

   -3.5%

   Pending acquisition target ScoutDI received a nuclear-sector drone inspection systems order.

2. Oct 07

   Definitive acquisition

   24h Move

   -2.7%

   Beam signed a definitive agreement to acquire ScoutDI for cash and common stock.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

fpso, ultrasonic thickness measurements, 3d lidar, compound annual growth rate

4 terms

fpso technical

"floating production, storage and offloading (FPSO) vessels"

A FPSO (Floating Production, Storage and Offloading unit) is a ship-like facility that sits offshore to process oil or gas pumped up from under the seabed, store the product, and transfer it to tankers or pipelines. For investors it matters because an FPSO turns remote reserves into cash: it represents a major capital asset and source of revenue but also concentrates operational, maintenance and safety risks that can affect production levels, costs and company valuation.

ultrasonic thickness measurements technical

"ultrasonic thickness measurements, and 3D LiDAR data"

A nondestructive testing technique that uses high-frequency sound waves to measure the thickness of a solid object by sending an ultrasonic pulse into the material and timing the echo that returns from the far surface or internal features. The device converts the round-trip travel time into a thickness reading using the material's known sound velocity; readings can be affected by surface condition, coatings, geometry, signal attenuation, and require proper coupling and calibration to be accurate.

3d lidar technical

"3D LiDAR data in a single flight"

3D LiDAR is a sensor system that shoots rapid laser pulses and measures how long they take to bounce back, building a three-dimensional, point-by-point map of surrounding objects and distances. Investors care because LiDAR is a foundational technology for autonomous vehicles, robotics, mapping and safety systems; progress in range, resolution, cost or adoption can materially affect companies’ revenue prospects, margins and competitive position—it's like giving machines precise eyes and a measuring tape.

compound annual growth rate financial

"representing a compound annual growth rate of 7.36%"

The compound annual growth rate (CAGR) shows how much an investment or value has grown, on average, each year over a specific period. It considers the effect of growth that compounds or builds upon itself, similar to how interest accumulates in a savings account. Investors use CAGR to compare different investments’ long-term performance and to understand how steady or consistent their growth has been over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Orders expand ScoutDI's industrial drone inspection business into West Africa and build on Beam Global's international presence

SAN DIEGO, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for energy storage and security, electrification of mobility, and smart city infrastructure, announces that ScoutDI, the industrial drone company which Beam Global has recently signed a definitive acquisition agreement with, has received orders for drones and recurring revenue software from two independent inspection services companies, one based in Ghana and one for operations in Angola, to support inspections of floating production, storage and offloading (FPSO) vessels. The orders are expected to ship and generate revenue in the fourth quarter of 2026.

"Adding Scout DI's airframes and AI-enhanced software to the Beam technology platform is intended to create new revenue opportunities, both one-time and recurring, while opening new markets for us," said Desmond Wheatley, CEO of Beam Global. "We can clearly see that happening already, as ScoutDI adds new customers in new markets that now include West Africa's offshore energy sector. With our sales, marketing and manufacturing in the U.S., Europe and the Middle East, as well as our battery and engineering prowess we see a clear path to supporting this growth at scale and taking the Scout 137 to new and growing markets around the world."

"FPSOs have dozens of tanks and confined spaces that must be inspected regularly, and today that often means scaffolding, rope access and people working in hazardous areas," said Nicolai Husteli, CEO of ScoutDI. "With the Scout 137, the inspection is done without anyone having to enter the tank. We are proud to support offshore operations in Ghana and Angola, and we see strong demand for this kind of inspection across the region."

Angola is among the countries with the highest numbers of FPSOs in operation worldwide, and Ghana's main offshore fields, Jubilee, TEN and Sankofa, are each produced through an FPSO. According to Fortune Business Insights, the global FPSO market is projected to grow from $29.97 billion in 2026 to $52.89 billion by 2034, representing a compound annual growth rate of 7.36%. This growing market provides a significant opportunity for specialized inspection technologies such as ScoutDI's Scout 137, as Beam Global looks to build on its international presence and expand the drone business into additional energy markets across Africa.

The Scout 137 is a tethered drone for confined-space inspection that captures 4K visual inspection footage, ultrasonic thickness measurements, and 3D LiDAR data in a single flight, with unlimited flight time. It is used in maritime and offshore, oil and gas, power generation, including nuclear, mining, and critical infrastructure, and has completed more than 7,000 recorded inspection flights.

Every flight comes together in Scout Portal, ScoutDI's cloud platform. Each inspection produces a 3D scan of the space, not just images and video. Inspectors can follow a flight live from anywhere, then walk through the structure in 3D, with every finding and thickness reading pinned to its exact location. Results and 3D scans can be shared securely with asset owners and contractors, and reports are generated directly from the data. For operators offshore West Africa, this means inspection data captured on the FPSO can be reviewed by engineers and specialists anywhere in the world, without sending them offshore.

On October 7, 2026, Beam Global announced that it had entered into a definitive agreement to acquire ScoutDI. Closing of the transaction is expected to take place early in November and is subject to customary closing conditions. See Beam Global’s press release and Form 8-K dated October 7, 2026, for further details.

About Beam Global

Beam Global is a sustainable technology innovator that develops and manufactures infrastructure products and technologies. The Company operates at the nexus of innovative and reliable energy, transportation and smart city solutions with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage, energy security and intelligent infrastructure. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced technology solutions that power transportation, provide secure sources of electricity, enable smart city services, save time and money, and protect the environment. Beam Global is headquartered in San Diego, CA, with facilities in Yuma, AZ; Broadview, IL; Belgrade and Kraljevo, Serbia; and Abu Dhabi, UAE. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube, Instagram and X.

About ScoutDI

ScoutDI, headquartered in Trondheim, Norway, develops and supplies drones and specialized planning, analysis and reporting solutions for industrial inspection. Its Scout 137 system enables safe, efficient inspection of confined spaces such as tanks, vessels and boilers, and is used by asset owners and inspection service providers in more than 30 countries. ScoutDI has developed and manufactured its drones in Norway since 2017, and its inspection output is built to standards trusted by DNV, Bureau Veritas, Lloyd's Register, ABS and API.

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. 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.

Investor Relations
Luke Higgins
+1 858-261-7646
IR@BeamForAll.com

Media Contact
Lisa Potok
+1 858-327-9123
Press@BeamForAll.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What West Africa orders did Beam Global's acquisition target ScoutDI receive?

ScoutDI received orders for drones and recurring-revenue software from two independent inspection services companies, one based in Ghana and one for operations in Angola. The orders support inspections of floating production, storage and offloading vessels and are expected to ship and generate revenue in the fourth quarter of 2026.

When is Beam Global expected to complete its ScoutDI acquisition?

Closing is expected early in November 2026, subject to customary closing conditions. Beam announced its definitive agreement to acquire ScoutDI on October 7, 2026; the acquisition has not yet closed.