Beam Global receives ‘record’ orders in 2022 through key government contracts

Beam Global announced that it received record orders in 2022 through key government contracts via extensions to non-contract holders. Beam Global’s new and expanded California DGS contract is now available to all 50 states and the federal GSA contract can also be used by a variety of non-federal government agencies. In 2022 contract extension orders totaled over $6.6M, saving local and state governments across the U.S. time and money while enabling them to acquire Beam Global’s rapidly deployed EV charging infrastructure products without going through extensive individual contracting processes. The State of California Department of General Services allows government entities in other U.S. states to buy Beam infrastructure products through Beam Global DGS contract #1-22-61-16 at the California negotiated best price, without their having to go through a lengthy competitive procurement or technology review process. Similarly, the federal General Services Administration Multiple Award Schedule Contract Number 47QSWA21D0006, which simplifies the federal procurement process and ensures best pricing, can be used by many state and local government agencies when used for disaster recovery or preparedness purposes. Beam Global EV ARC off-grid EV charging systems qualify as disaster preparedness assets because they continue to charge EVs during grid outages and can be equipped with an emergency power panel. Purchases through these two contract vehicle extensions of Beam products were a record $6.6M in 2022 to date, an increase YOY of over 4000%. Government entities in Arizona, Florida, Maryland, Massachusetts, New Jersey, New Mexico and New York took advantage of these contract vehicles to procure sustainable EV charging infrastructure at best negotiated pricing.