Beam Global and Platinum Group Leadership Attend Formal Signing Ceremony in Abu Dhabi to Create Beam Middle East LLC
Beam Beam (US:BEEM) GlobeNewswire News Room·2025-07-17 10:00

Core Viewpoint - Beam Global has officially established a joint venture, Beam Middle East, in Abu Dhabi, UAE, to expand its sustainable infrastructure solutions for transportation electrification and energy security in the Middle East and Africa [1][2][3]. Group 1: Joint Venture Formation - Beam Global and the Platinum Group LLC have created Beam Middle East LLC, which will focus on selling and manufacturing Beam Global's patented sustainable infrastructure solutions [2]. - The new entity will be headquartered in Omniah Tower, Masdar City, a sustainable urban community in Abu Dhabi, which aligns with the UAE's goal of achieving net-zero emissions by 2050 [2]. Group 2: Leadership and Ceremony - The official signing ceremony took place on July 17, 2025, with key figures including Desmond Wheatley, CEO of Beam Global, and Dr. Hanai Atatreh from the Platinum Group [3]. - The event was attended by members of both companies' management teams, board directors, press, and regional dignitaries, highlighting the significance of the partnership [3]. Group 3: Strategic Importance - The partnership is positioned to leverage the Gulf region's transition to clean and sustainable technologies, with a focus on energy security and smart city solutions [4]. - The region's abundant sunshine and increasing adoption of electric vehicles and renewable energy make it an ideal market for Beam Global's solutions [4]. Group 4: Company Background - Beam Global is a clean technology innovator specializing in sustainable infrastructure products and technologies, with operations in the U.S., Europe, and the Middle East [6]. - The company develops and manufactures solutions that enhance transportation, provide secure electricity sources, and promote environmental protection [6]. Group 5: Platinum Group Overview - Platinum Group LLC is a diversified conglomerate operating in various sectors, including energy and real estate, and is recognized for its strong relationships across government and industry in Abu Dhabi [5]. - The group is chaired by His Royal Highness Sheikh Mohammed Sultan Bin Khalifa Al-Nahyan and has a significant presence in the UAE [5].