Beam Middle East to Introduce EV ARC™ and BeamBike™ at DRIFTx in Abu Dhabi

Rhea-AI Summary

Colliers (NASDAQ, TSX: CIGI) announced the rebranding of its investment management division to Harrison Street Asset Management and expanded its global leadership team on July 23, 2025. Christopher Merrill, co-founder and CEO of Harrison Street, assumes the additional role of Global CEO and will become the largest individual shareholder of HSAM, signaling owner alignment. Zachary Michaud joins as Managing Partner & Global CFO, and Stephen Gordon adds Managing Partner & Global COO to his current CFO role. Leadership across specialized platforms remains unchanged. HSAM reports more than $100 billion in assets under management and plans to expand global distribution and pursue new strategies.

Positive

• Assets under management exceed $100 billion
• Christopher Merrill becomes largest individual shareholder, aligning management and investors
• Leadership additions: Zachary Michaud as Global CFO, Stephen Gordon as Global COO
• Rebrand to Harrison Street Asset Management to leverage global brand recognition

Negative

• None.

Insights

Strategic Asset Management Analyst

Rebranding and leadership consolidation signal stronger investor alignment and a push to scale HSAM's alternative‑asset platform.

Harrison Street rebrand centralizes the investment franchise under a single, recognizable brand and names Christopher Merrill as Global CEO and largest individual shareholder, which ties executive incentives to firm equity. The announcement cites continuity of operating teams and $100 billion in assets under management, implying scale and an established revenue base to support expansion.

Key dependencies include successful integration of distribution and new strategies while preserving existing platform performance and partner relationships; leadership changes create potential execution risk if responsibilities shift. Monitor near‑term announcements of new fund launches, distribution hires, or product rollouts and any filings that quantify ownership or capital commitments within the next 6–12 months (July 23, 2025 cited for the leadership change).

SAN DIEGO, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, energy security and smart city infrastructure, announced today that Beam Middle East will showcase its EV ARC™ solar-powered electric vehicle (EV) charging system and BeamBike™ off-grid eBike charging system at DRIFTx, taking place November 10-12, 2025, at Yas Marina Circuit in Abu Dhabi, United Arab Emirates (UAE). The event, part of Abu Dhabi Autonomous Week and organized by the Smart and Autonomous Systems Council is the region’s flagship exhibition for smart and autonomous mobility, led by the Abu Dhabi Investment Office (ADIO).

DRIFTx brings together global innovators, investors, and regulators to explore the future of mobility across air, land, sea, and robotics. Beam Middle East’s participation marks the first deployment of Beam Global products in the UAE. The EV ARC™ and BeamBike™ systems are ideally suited to the region’s sustainability goals, delivering renewable, rapidly deployable, and grid-independent charging infrastructure that supports EV and e-bike growth without construction, permitting, or grid connection.

“Beam Global is hitting the ground running in the Middle East with our new venture, Beam Middle East in Abu Dhabi,” said Desmond Wheatley, CEO of Beam Global. “We have just delivered the first EV ARC™, BeamBike™ and ARC Mobility™ systems to the region and they will immediately be on show at one of the premier autonomous and EV events of the year. This is a great opportunity to get our unique and highly relevant technology solutions in front of an audience of decision makers and buyers from across the Middle East and the rest of the world. We could not have asked for a better-timed opportunity.”

Beam Global CEO Desmond Wheatley and Ivan Tlačinac, Head of Beam Europe Operations, will attend the event to engage with government leaders, mobility innovators, and investment groups focused on advancing sustainable transport technologies across the Middle East. Mr. Wheatley has been invited to speak at the event and will deliver a presentation titled, “Powering Autonomy: Building Resilient, Electrified Cities for the Age of Intelligent Mobility.” 

For more information about DRIFTx, visit https://driftx.ae. For more information about Beam Global products, visit https://beamforall.com/.

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, energy security and smart city Infrastructure. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean 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 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.

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2db80626-1d12-4524-b42c-c7871d0bdc64

FAQ

What did Colliers (CIGI) announce on July 23, 2025 regarding its investment management division?

Colliers announced the rebranding of its investment management division to Harrison Street Asset Management and expanded the global leadership team.

How much assets under management does Harrison Street report after the rebrand?

Harrison Street reports more than $100 billion in assets under management.

Who is Christopher Merrill and what new role did he assume at HSAM (CIGI)?

Christopher Merrill is co-founder and CEO of Harrison Street; he was named Global CEO of HSAM and will be the largest individual shareholder.

What leadership changes did Colliers announce for HSAM on July 23, 2025?

Zachary Michaud will join as Managing Partner & Global CFO, and Stephen Gordon will add Managing Partner & Global COO to his current responsibilities.

Will HSAM change its specialized operating platforms after the rebrand?

No; leadership across HSAM’s specialized operating platforms and investment teams will remain unchanged.