Blink wins USPS contract to provide EV charging stations and network services By Investing.com

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Blink wins USPS contract to provide EV charging stations and network services

Stock Markets Mar 16, 2023 02:19PM ET

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Blink wins USPS contract to provide EV charging stations and network services

BLNK

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By Michael Elkins

Electric vehicle charging company, Blink Charging Co (NASDAQ:BLNK) announced Thursday that they have been awarded an IDIQ contract by the United States Postal Service (USPS) to sell up to 41,500 EV charging units to support EV charging infrastructure for the USPS as part of its vehicle electrification strategy.

“We are honored to be selected by the U.S. Postal Service to provide our reliable and advanced EV charging stations and ancillary network services for their growing fleet of electric vehicles and we applaud their efforts to modernize and make the move towards a sustainable and efficient electric fleet,” said Michael D. Farkas, Founder and Chief Executive Officer of Blink Charging. “The Postal Service’s recent announcement of purchasing more EVs and building the necessary charging infrastructure is another step in developing a complete transition in going electric. This move towards electrification sets a precedent that we are hopeful all fleet owners will follow.”

Blink will provide its Series 7 dual-port charger that features up to 80 amps of power at each port; these fast Level 2 AC chargers allow two vehicles to charge simultaneously on the Universal J1772 connector, at 19.2kW.

The company’s stock saw positive movement following the announcement in early trading before dipping back into the red.

Shares of BLNK are down 0.74% in afternoon trading on Thursday.

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