New Jersey's Treasury purchases Beam Global's EV ARC™ systems, enhancing workplace EV charging and energy security for state operations.
Quiver AI Summary
Beam Global announced that the New Jersey Department of the Treasury has purchased multiple EV ARC™ off-grid electric vehicle charging systems through a competitive bid. This marks the third New Jersey state division to deploy these systems, which are utilized for workplace EV charging and energy security, generating their own renewable electricity without the need for utility connections. CEO Desmond Wheatley highlighted the growing demand from non-federal agencies for resilient EV charging infrastructure via the GSA contract. Beam Global's EV ARC™ systems support continuity of operations by providing reliable renewable energy and improving energy resilience while reducing deployment costs and complexities. For more information, visit BeamForAll.com.
Potential Positives
- Beam Global has secured a purchase of multiple EV ARC™ systems by the New Jersey Department of the Treasury, indicating strong demand for their sustainable infrastructure solutions.
- This marks the third deployment of Beam's EV ARC™ systems by a New Jersey state division, demonstrating the growing adoption and trust in their technology among state agencies.
- The EV ARC™ systems provide off-grid electric vehicle charging, contributing to energy security and resilience for government operations, thus enhancing Beam's reputation as a provider of innovative and reliable infrastructure solutions.
Potential Negatives
- The announcement may imply a reliance on government contracts for revenue, which could pose risks if future contracts are not secured or if government funding priorities shift.
- The press release emphasizes the competitive nature of the bid process, highlighting potential competition from other providers, possibly indicating a challenging market landscape for Beam Global.
- The inclusion of forward-looking statements raises concerns about the uncertainty of future performance, which could lead to investor skepticism regarding the company's growth projections.
FAQ
What are EV ARC™ systems?
EV ARC™ systems are off-grid electric vehicle charging solutions that generate and store renewable electricity for workplace charging and energy security.
Who purchased the EV ARC™ systems in New Jersey?
The New Jersey Department of the Treasury has purchased multiple EV ARC™ systems through a competitive public bid process.
How do EV ARC™ systems benefit government operations?
They provide reliable, renewable energy for EV charging, enhancing energy resilience and reducing infrastructure costs and deployment complexities.
Which state divisions in New Jersey have deployed EV ARC™ systems?
In addition to the Department of Treasury, the New Jersey Department of Environmental Protection and the Department of Transportation have deployed these systems.
Where can I find more information about Beam Global's solutions?
More information about Beam Global's sustainable EV charging solutions can be found at www.BeamForAll.com or by contacting [email protected].
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BEEM Insider Trading Activity
$BEEM insiders have traded $BEEM stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $BEEM stock by insiders over the last 6 months:
- GEORGE SYLLANTAVOS has made 0 purchases and 3 sales selling 20,700 shares for an estimated $50,024.
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$BEEM Revenue
$BEEM had revenues of $5.8M in Q3 2025. This is a decrease of -49.59% from the same period in the prior year.
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$BEEM Hedge Fund Activity
We have seen 18 institutional investors add shares of $BEEM stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- INTEGRITY WEALTH ADVISORS, INC. added 565,398 shares (+78.8%) to their portfolio in Q3 2025, for an estimated $1,628,346
- UBS GROUP AG removed 93,892 shares (-99.7%) from their portfolio in Q3 2025, for an estimated $270,408
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 74,212 shares (+311.6%) to their portfolio in Q3 2025, for an estimated $213,730
- JANE STREET GROUP, LLC added 57,566 shares (+inf%) to their portfolio in Q3 2025, for an estimated $165,790
- VANGUARD GROUP INC added 53,640 shares (+8.8%) to their portfolio in Q3 2025, for an estimated $154,483
- TWO SIGMA INVESTMENTS, LP added 35,460 shares (+inf%) to their portfolio in Q3 2025, for an estimated $102,124
- GREEN ALPHA ADVISORS, LLC added 27,903 shares (+143.3%) to their portfolio in Q4 2025, for an estimated $41,854
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Full Release
SAN DIEGO, Jan. 08, 2026 (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 the New Jersey Department of the Treasury has purchased multiple EV ARC™ off-grid electric vehicle (EV) charging systems through a competitive public bid utilizing Beam Global’s General Services Administration (GSA) Multiple Award Schedule Contract.
This marks the third New Jersey state division to deploy EV ARC™ systems, following prior deployments by the New Jersey Department of Environmental Protection and the New Jersey Department of Transportation. The systems are being used to support workplace EV charging and energy security for government operations, generating and storing their own renewable electricity to enable rapid deployment without construction, trenching, or a utility grid connection.
“This is another excellent example of the continued business we are seeing from non-federal government agencies leveraging our GSA contract to procure resilient EV charging and energy security infrastructure quickly and efficiently,” said Desmond Wheatley, CEO of Beam Global. “Our EV ARC™ systems deliver dependable, off-grid electricity that supports workplace electrification while improving energy resilience and eliminating exposure to utility disruptions.”
Beam Global’s EV ARC™ systems are designed to support continuity of operations by delivering reliable, renewable energy where and when it is needed. This off-grid capability helps government agencies maintain workplace charging and energy security during utility outages while reducing infrastructure costs and risks and deployment complexity.
For more information about Beam Global’s sustainable EV charging solutions, visit
www.BeamForAll.com
or contact
[email protected]
.
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
[email protected]
Media Contact
Lisa Potok
+1 858-327-9123
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