Welcome to our dedicated page for Beam Global news (Ticker: BEEM), a resource for investors and traders seeking the latest updates and insights on Beam Global stock.
Beam Global (Nasdaq: BEEM) generates frequent news as a clean technology company focused on EV charging infrastructure, energy storage, energy security and smart city infrastructure. The company develops, patents, designs, engineers and manufactures sustainable infrastructure products such as its EV ARC™ off-grid EV charging systems, BeamWell™ desalination and energy platforms, BeamPatrol™ eMotorcycle charging bundles, BeamBike™ e-bike infrastructure and BeamSpot™ hybrid solar-wind systems.
News about Beam Global often covers product deployments and orders with cities, public agencies, military organizations and commercial customers. Examples include EV ARC™ systems for municipal fleet electrification in Fresno and Dallas, BeamPatrol™ deployments for law enforcement, BeamWell™ installations supporting humanitarian and medical operations in the Middle East, and BeamBike™ deployments for e-bike mobility in the United States and Abu Dhabi.
Investors and observers can also find financial and operational updates, such as quarterly operating results, revenue mix between government and commercial customers, and the company’s expanding international footprint in Europe and the Middle East. Announcements frequently highlight new contracts and procurement channels, including General Services Administration (GSA) and Sourcewell cooperative purchasing agreements that facilitate government and institutional purchases of Beam Global products.
Another recurring theme in Beam Global news is technology and patent developments, including new patents for hybrid solar-wind tracking used in BeamSpot™ and collaborations on advanced battery systems for underwater drones. For those tracking BEEM, this news page aggregates coverage of deployments, earnings releases, contract awards, geographic expansion and intellectual property milestones, providing a focused view of how the company’s clean energy and infrastructure solutions are being adopted in different markets.
Beam Global (Nasdaq: BEEM, BEEMW) announced that the City of Racine, Wisconsin, has deployed an EV ARC™ solar-powered EV charging system for its fleet. Purchased through the GSA Multiple Award Schedule Contract, the unit features a ChargePoint™ Dual Port charger, generating clean electricity and operating independently of the grid. This initiative aligns with Racine's sustainability goals, offering zero-emissions charging and potential long-term cost savings. Beam's products are designated as Disaster Purchasing items, streamlining procurement for local governments across all states.
Beam Global (BEEM, BEEMW) reported record revenues of $2.12 million for Q2 2021, a 46% increase year-over-year, driven by strong demand for EV charging solutions. The company secured its largest order from California's Department of General Services, totaling 52 systems, and increased its sales pipeline to $75 million. However, Beam reported a gross loss of $273,877 and a net loss of $1.64 million for Q2, primarily due to rising costs and increased operating expenses. The company emphasized plans to enhance production efficiency and reduce costs.
Beam Global (Nasdaq: BEEM, BEEMW) has announced that the City of Lancaster, California, has ordered an EV ARC™ solar-powered EV charging system for public use. This installation is partially funded by grants from the Antelope Valley Air Quality Management District and the California Governor’s Office of Emergency Services. The system includes a ChargePoint™ Dual Port charger and can generate and store clean electricity for EVs, offering substantial long-term savings by eliminating grid connections. Beam's CEO noted a rise in orders for their systems as municipalities enhance EV infrastructure.
Beam Global, a leader in sustainable technology for electric vehicle (EV) charging, announced it will release its Fiscal Q2 2021 financial results on August 12, 2021, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results and provide updates on corporate developments. Interested participants should pre-register for the call to gain insights into Beam's performance and future strategies. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW.
Beam Global (Nasdaq: BEEM, BEEMW) announced the County of Ventura, California, has ordered ten EV ARC™ solar-powered EV charging systems. These units will support fleet and public use, generating and storing clean electricity independently of the utility grid. Funded partly by the California Energy Commission, the initiative aligns with Ventura's Climate Action Plan aiming for a 41% reduction in greenhouse gas emissions from 2015 levels. Beam's products promise lower costs and increased reliability in EV charging infrastructure, reflecting a broader shift towards sustainable energy solutions.
Beam Global has received an order from the City of Walla Walla, Washington, for its first EV ARC™ solar-powered EV charging system. This system will power two fully electric city fleet vehicles as part of Walla Walla's Fleet Electrification and Emergency Preparedness programs. The EV ARC™ is designed to generate and store its own electricity, providing off-grid energy even during power outages. Beam Global's technology is rapidly deployed without needing utility connections, leading to long-term savings for municipalities.
Beam Global (Nasdaq: BEEM, BEEMW) set a world record for the longest flight in a production electric aircraft, covering 227 nautical miles powered by off-grid solar energy. The flight, piloted by Joseph Oldham of New Vision Aviation, highlighted the capabilities of Beam's EV ARC™ technology to provide rapid airport charging infrastructure. This achievement emphasizes the potential for zero-emission aviation and supports California's goals for clean transportation. Beam aims to install clean charging solutions at the 20,000 public and private airports across the U.S.
Beam Global is set to demonstrate the longest flight of a production electric aircraft powered entirely by off-grid renewable energy, taking place from July 14 to July 17. The event will showcase the aircraft's zero-emission capabilities, with key stops including Fresno, Madera, Merced, Modesto, Lodi, and Sacramento. CEO Desmond Wheatley and pilot Joseph Oldham will conduct media interviews throughout the journey. This record-setting attempt is part of a broader push towards electrified transportation, backed by California's government initiatives to combat climate change.
Beam Global (BEEM) is set to showcase the longest flight ever attempted in a production electric aircraft powered entirely by off-grid renewable energy. Scheduled for July 14-15, the flight will start in Fresno, California and conclude in Sacramento, highlighting the company's commitment to zero-emission aviation. This initiative aligns with California's broader goals for clean transportation and climate change mitigation, supported by Governor Gavin Newsom's proposed budget. Media are invited to follow the flight with various stops along the route for interviews and insights.
Beam Global (Nasdaq: BEEM, BEEMW) has established an independent Equity Oversight Committee (EOC) within its Board of Directors to scrutinize future equity uses. Chaired by Nancy Floyd, the EOC ensures that only well-vetted equity proposals reach the full board for consideration. This governance model aims to optimize shareholder equity and enhance decision-making processes regarding acquisitions and other strategies. Beam Global is dedicated to innovation in clean technology for electric vehicle charging and energy security, with a focus on sustainable solutions.