Blink Charging signs Cooperation Agreement with ZOOZ Power
2022.12.05 11:33
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Blink Charging signs Cooperation Agreement with ZOOZ Power
Budrigannews.com – Blink Charging (NASDAQ:), ZOOZ Power, a leading supplier of flywheel-based Power Boosting EV charging solutions, has signed a distribution agreement with a leading owner, operator, and provider of electric vehicle charging equipment to distribute, sell, and deploy ZOOZ’s Kinetic Power Booster, the ZOOZTER-100.
Boaz Weizer, CEO of ZOOZ Power, stated, “We are very excited to strengthen and step up our cooperation with Blink Charging, one of the leading EV-charging companies in the USA, with presence in 25 countries worldwide.”The agreement we reached with Blink represents yet another significant step in our expansion into the rapidly expanding U.S. market, which holds enormous business potential for the foreseeable future.
The ZOOZTER-100 used the organization’s protected flywheel innovation to drive limitless high-power accuse and release patterns of a life expectancy of over 15 years. Even when the grid is power-constrained, the system can charge an EV battery in less than 15 minutes and is 100% recyclable, making it a useful sustainable solution.
ZOOZ chose Blink because of its pioneering work in the EV-charging sector and its extensive involvement over time, which has made Blink a global market leader.Blink’s fourth year of cooperation with ZOOZ Power, supported by the BIRD foundation (U.S.-Israeli Bilateral R&D), will soon reach its zenith with a joint pilot installation in Fort Lauderdale, Florida. The distribution agreement follows.The pilot site, which is currently being built, is expected to open its doors in the second quarter of 2023.
Michael D. Farkas, Executive Chairman and Chief Executive Officer of Blink Charging, stated, “This is an exciting time in the advancement of reliable energy solutions, and we are proud to continue our cooperation with ZOOZ Power and to support its ability to reduce dependence on the electrical grid and provide ultra-fast, carbon-neutral EV charging stations almost anywhere.”In conjunction with ZOOZ, we provide EV drivers with dependable and sustainable solutions as the demand for convenient and accessible long-range EV charging continues to rise.”
BLNK shares are down 0.97 percent in early Monday trading.
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