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Blink Charging Co. (NASDAQ:BLNK) on Thursday said it has been selected by Keystone Purchasing Network (KPN) as its exclusive provider of EV charging services.
The contract took effect on March 1, 2024, and includes options to extend it for an additional three years. The financial terms were not disclosed.
The KPN cooperative purchasing program was created to leverage public sector demand for vital products, aiming to save time and resources by soliciting competitive bids. It is operated by the Central Susquehanna Intermediate Unit (CSIU), a Pennsylvania educational service agency.
“We’re particularly proud of our work with schools around the country – working alongside them to educate, understand, and road map out their specific EV goals while leveraging their access to us via this contract,” said Jim Nemec, Chief Revenue Officer at Blink Charging.
“It’s gratifying to work closely with our nation’s education system to provide charging solutions and, in many cases, an introduction to the EV driving experience for the next generation of Americans,” Nemec addded.
To date, Blink has installed approximately 2,000 charging stations in the education sector.
Price Action: BLNK shares are trading higher by 1.98% to $2.58 on the last check Thursday.
Photo: courtesy of Blink
Posted In: BLNK
