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New Jersey Department of the Treasury Purchases Beam Global EV ARC™ Systems Through GSA Contract to Support Resilient Workplace Charging

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SAN DIEGO, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of inno...

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Corporate Developments

The article highlights a significant contract that could lead to increased revenue. The successful adoption of Beam's systems by the government suggests a validation of their technology, making it a critical factor for investor sentiment.

FAQ

Why Bullish?

The continuous government adoption of EV ARC™ systems signifies strong demand for Beam's products. This trend aligns with increasing focus on sustainable energy solutions and may positively impact BEEM's stock price, similar to previous instances of government contracts boosting shares in clean tech companies.

How important is it?

The article highlights a significant contract that could lead to increased revenue. The successful adoption of Beam's systems by the government suggests a validation of their technology, making it a critical factor for investor sentiment.

Why Long Term?

The successful deployment in multiple state divisions indicates long-term growth opportunities. Such contracts potentially lead to sustained revenue streams and market expansion over time, evidenced by other clean energy firms that have seen growth from similar contracts.

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New Jersey Treasury Expands EV Charging Infrastructure with Beam Global's EV ARC™ Systems

On January 8, 2026, Beam Global (Nasdaq: BEEM), a prominent provider of sustainable infrastructure solutions, announced that the New Jersey Department of the Treasury has acquired multiple EV ARC™ off-grid electric vehicle (EV) charging systems. This procurement was made through a competitive public bid, leveraging Beam Global’s General Services Administration (GSA) Multiple Award Schedule Contract. This deployment marks the third New Jersey state division to implement EV ARC™ systems, following earlier installations by the New Jersey Department of Environmental Protection and the New Jersey Department of Transportation.

Significance of the Acquisition

The EV ARC™ systems serve a crucial role in facilitating workplace EV charging and enhancing energy security for government operations. These systems generate and store renewable electricity independently, allowing for rapid deployment without needing construction, trenching, or a connection to the utility grid.

Desmond Wheatley, CEO of Beam Global, stated, “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.” He emphasized that the EV ARC™ systems provide reliable, off-grid electricity, which supports workplace electrification and enhances energy resilience.

Benefits of Beam Global's EV ARC™ Systems

  • Off-grid capability: Delivers renewable energy whenever required.
  • Enhanced resilience: Maintains continuous operations during utility outages.
  • Cost-effective deployment: Reduces infrastructure costs and complexities.

Beam Global's EV ARC™ systems are designed to ensure operational continuity by providing reliable energy sources crucial for government facilities. Their ability to operate independently minimizes the risks associated with utility disruptions.

About Beam Global

Beam Global is at the forefront of clean technology innovation, developing and manufacturing sustainable infrastructure products and technologies. The company focuses on sustainable energy infrastructure, scalable EV charging solutions, and energy security. With operations across the U.S., Europe, and the Middle East, Beam Global is committed to delivering advanced solutions that empower transportation and provide reliable energy sources.

The company is headquartered in San Diego, CA, with facilities located in Broadview, IL; Belgrade and Kraljevo, Serbia; and Abu Dhabi, UAE. Beam Global is publicly traded on Nasdaq under the stock symbol BEEM.

Investor Relations and Media Contact

For additional details regarding Beam Global and its EV charging solutions, reach out via:

Forward-Looking Statements

This release may contain forward-looking statements, which are predictions and involve risks and uncertainties, potentially causing actual results to differ materially. Beam Global disclaims any obligation to update forward-looking statements, except as required by law.

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