UK-based Ray Systems Ltd Selects Beam Global to Develop and Deliver Battery Systems for Underwater Drones
Rhea-AI Summary
Beam Global (Nasdaq: BEEM) announced on Dec 9, 2025 that UK-based Ray Systems selected Beam Global to design, develop and deliver custom battery systems for Ray Systems’ next-generation autonomous underwater vehicles.
The agreement was executed in London during Beam CEO Desmond Wheatley’s recent Europe and Middle East trip. Beam highlighted its energy-dense, long-lived, safety-certified battery designs and a proprietary intelligent Battery Management System that reports real-time State of Health and State of Charge to extend mission durations and improve operational availability.
The release cites the Global Underwater Drone Market projection from USD 6.6 billion in 2025 to USD 17.3 billion by 2034 as a growth context for AUV demand.
Positive
- Agreement executed Dec 9, 2025 to supply custom battery systems
- Proprietary intelligent BMS provides real-time State of Health and State of Charge
- Targets underwater drone market projected from $6.6B (2025) to $17.3B (2034)
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
Pre-news, BEEM was down 3.16% with light volume, while solar/related peers showed mixed moves: SPRU -5.46%, PN -1.95%, SMXT -0.61%, VVPR +1.2%, and TURB 0%. No peers appeared in momentum scans and there were no same-day peer headlines, suggesting this underwater-drone battery agreement was more company-specific than part of a broad sector trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | Product deployment | Positive | +2.1% | Deployment of BeamWell™ off-grid desalination and energy system in Jordan. |
| Nov 19 | Customer order | Positive | -1.1% | City of Dallas ordered seven additional EV ARC™ charging systems. |
| Nov 14 | Quarterly earnings | Negative | +0.6% | Q3 2025 showed revenue halving year over year and deeper net losses. |
| Nov 12 | Earnings call notice | Neutral | -13.1% | Announcement of timing and access details for Q3 2025 results call. |
| Nov 12 | Contract award | Positive | -13.1% | Award of Sourcewell cooperative purchasing contract for EV supply equipment. |
Recent history shows BEEM often experiencing negative or muted reactions to positive contract and channel announcements, with only one modest gain and several declines or flat moves following generally constructive news.
Over the last month, Beam Global has announced multiple commercial and channel wins alongside weaker financial results. On Nov 12, it secured a Sourcewell cooperative contract, but the stock fell 13.08%. A Q3 earnings release on Nov 14 highlighted sharp revenue declines and losses, yet shares inched up 0.55%. Subsequent orders from the City of Dallas on Nov 19 and a BeamWell™ deployment with the Royal Jordanian Armed Forces on Dec 4 produced only modest or negative moves. Today’s underwater drone battery agreement fits this pattern of operational progress against a pressured share price.
Market Pulse Summary
This announcement highlights Beam Global’s expansion into custom battery systems for underwater drones through a partnership with Ray Systems in a market projected to reach USD 17.3 billion by 2034. It follows recent contract wins and international deployments, suggesting continued diversification beyond core EV charging. At the same time, recent filings showed revenue declines and losses, underscoring execution and profitability as key watch points. Future updates on order scale, repeat business, and margins from such defense and industrial applications will be important to monitor.
AI-generated analysis. Not financial advice.
SAN DIEGO, Dec. 09, 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 that Ray Systems Ltd, a UK-based developer of high-performance underwater drones, has selected Beam Global to design, develop and deliver custom battery systems for Ray Systems Ltd’s next-generation underwater drones. Ray Systems Ltd, recognized for developing autonomous underwater vehicles (AUVs) across military, industrial and environmental applications, chose Beam Global based on the Company’s track record of delivering highly energy-dense, long-lasting and safety-certified battery systems in bespoke form factors tailored to challenging environments.
The agreement between Ray Systems Ltd and Beam Global was executed in London during Desmond Wheatley’s, CEO of Beam Global, recent trip to Europe and the Middle East, underscoring growing global demand for advanced underwater drone technologies and Beam Global’s products.
“Ray Systems’ innovative AUV solutions are developed to perform the hardest tasks in the most challenging conditions. Extending battery life is a key challenge in the underwater domain and Beam Global's ability to create highly energy dense, long lived and safe batteries in form factors which fit our design criteria are the key differentiator which led us to select them as our battery partner,” said James Farha, Ray Systems’ CEO. “Our customers require underwater systems which can stay submerged and on task for extended periods of time without being detected. Energy dense and long lived batteries reduce the total cost of ownership of our systems while providing the greatest value to our customers who can concentrate on executing their missions while Ray Systems’ vehicles outperform the competition.”
“Beam Global excels at creating safe, energy dense and robust battery systems which can operate for extended periods in the most severe conditions and in form factors which allow our customers to optimize the design of their drones rather than designing around the shape and weight of off-the-shelf solutions,” said Desmond Wheatley, CEO of Beam Global. “Our battery scientists and engineers are working with Ray Systems to ensure that they can concentrate on optimizing their products, secure in the knowledge that the crucial batteries will match the extremely high standards to which their systems comply. We are delighted to have Ray Systems as a customer and continue to see underwater drones and other robotic platforms as significant growth engines for our business.”
A key differentiator in Beam Global’s offering is its proprietary intelligent Battery Management System, which provides accurate real-time monitoring of battery State of Health and State of Charge. This capability helps maximize operational availability, enhance drone maneuverability, and extend autonomous mission durations, which are especially critical in industrial, environmental monitoring, offshore inspection or military missions where reliability, stealth and endurance are essential.
The Global Underwater Drone Market is projected to grow from USD 6.6 billion in 2025 to USD 17.3 billion by 2034, driven by rising demand for AUVs and remotely operated vehicles across industries like defense, oil and gas, and marine research. Innovations in artificial intelligence, the Internet of Things and enhanced sensors are key growth drivers, while challenges in data security and communication remain.
For further information about Beam Global’s solutions, please visit www.BeamForAll.com or contact BeamTeam@BeamForAll.com.
About Ray Systems Ltd
Ray Systems Ltd is a pioneering UK-based innovator in autonomous underwater technologies, dedicated to advancing the understanding and protection of the world's most challenging marine environments. Founded in 2024 and based in the UK, the Company specializes in developing bio-inspired, low-signature systems that enable persistent exploration, real-time monitoring, offering defensive and offensive secure operations in previously inaccessible underwater domains. Using RayDrive, we are helping clients to save money, protect the environment and defend the UK, NATO and its allies. For more information visit RaySystems.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/bef4ad77-c1b9-4994-8ba3-74c8ce24bb0b
FAQ
What did Beam Global (BEEM) announce on Dec 9, 2025 about Ray Systems?
How does Beam Global's Battery Management System help Ray Systems' AUVs?
When and where was the agreement between Beam Global (BEEM) and Ray Systems executed?
Does the announcement state any financial terms or contract value for the BEEM–Ray Systems deal?
What market opportunity did Beam Global reference for underwater drones in the Dec 9, 2025 announcement?
What applications do Ray Systems’ underwater drones serve as noted in the Beam Global announcement?
