beam global
SAN DIEGO, Oct. 10, 2024 (GLOBE NEWSWIRE) — Beam Global (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for transportation electrification and energy security, announced today that Global and its products are the first to support the African continent and contribute to the respected Ethiopian government in its forward-thinking efforts towards electrifying transportation and building a more sustainable and adaptable energy infrastructure. It will be introduced in Ethiopia as a movement.
The Government of Ethiopia (GOE) recently became the first country to ban the import of new and used internal combustion engine vehicles, including gasoline and diesel, as part of its transition to a green economy. According to GOE, the number of EVs in Japan will more than quadruple by 2032. EV adoption in Ethiopia is growing rapidly and exceeding set targets, with the country achieving its goal of deploying 148,000 EVs in 10 years earlier this year. Getting there in just two years.
Beam Global has signed Princess Leila Bon Abajobil Abajifar and Princess Zieneb Abajobil Abajifar as agent partners, providing access to the company’s Ethiopian and broader African markets through their extensive network of distinguished contacts. This will support entry into the market. As descendants of King Abajifal of Ethiopia, Leila Bon Abajobil Abajifal and Zieneb Abajobil Abajifal both inherit the title of princess. They have distinguished and extensive business careers and have direct access to privileged networks and decision-makers among key figures within the Ethiopian federal government and in sub-Saharan African countries.
Desmond Wheatley, CEO of Beam Global, said: “I would like to express my gratitude to Princess Leila Bon-Abajobil Abajifar and Princess Zieneb Abajobil Abajifar, who have had a good relationship with the European team for many years, to join Beam Global in Ethiopia. I am honored to be asked to serve as a global advocate.” “In the United States, there is clear evidence that democratizing access to clean energy and transportation will have deep, leveling effects on society, providing opportunities and economic benefits that would not be possible without such efforts.” And we aim to help create the same benefits, whether in Ethiopia or Africa. ”
“Africa, with a population of 1.3 billion, rivals the world’s largest market for transport electrification and is also the world’s second fastest growing economy. At the same time, existing infrastructure is unable to accommodate the increasing mobility of We are no longer able to meet the needs of an increasingly economically active population,” said Princess Leila Bon Abajobil Abajifar. “We believe Africans will jump to electrified transportation and industry with decentralized infrastructure like Beam Global, just as they did when they introduced mobile phones, without building large wired networks. We believe that Beam Global can play an important role in that transition and are therefore pleased to introduce Beam Global to our network of influential officials and executives. ”
Beam Global is pursuing a collaborative partnership with the Ethiopian government and the creation of a framework that fosters investment in off-grid infrastructure and supports robust EV market growth. The proposed mutually beneficial partnership will bring Beam Global’s innovative solutions to market in Ethiopia, accelerate the company’s introduction into African markets, and support Ethiopia’s transition to a renewable energy electrified transportation sector. The focus is on Beam Global has already successfully worked with federal, state, and local governments in the United States, as well as government agencies and corporations in 17 countries around the world.
Beam Global’s proven and trusted solution will be quickly deployed to address growing EVs in Ethiopia, reduce the country’s dependence on fossil fuels, and meet safe energy storage and critical energy security needs can.
About Beam GlobalBeam Global is a clean technology innovator that develops and manufactures sustainable infrastructure products and technologies. We operate at the intersection of clean energy and transportation, with a focus on sustainable energy infrastructure, rapidly deployable and scalable EV charging solutions, secure energy storage, and critical energy security. With operations in the United States and Europe, Beam Global develops, patents and develops unique, advanced clean technology solutions that power transportation, provide a safe source of power, save time and money, and protect the environment. We design, engineer, and manufacture. Headquartered in San Diego with facilities in Chicago, Belgrade and Kraljevo, Beam Global has an extensive patent portfolio and is traded on Nasdaq under the symbol BEEM. For more information, visit BeamForAll.com, LinkedIn, YouTube, and X (formerly Twitter).
Forward-looking statements
This Beam Global press release may contain forward-looking statements. All statements in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements typically include terminology such as “estimates,” “plans,” “anticipates,” “believes,” “expects,” “anticipates,” “goals,” “plans,” “intends,” and similar words. and expressions. “seek”, “goal”, “will”, “should”, “may” or other words and similar expressions that convey 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 that could cause Beam Global’s actual results to differ materially from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.
Contact: Media Contact: Skyya PR +1 651-335-0585 Press@BeamForAll.com Investor Information: Core IR +1 516-222-2560 IR@BeamForAll.com
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