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ZOOZ Announces Private Placement of $180 Million to Launch a Bitcoin Treasury Reserve Strategy
Globenewswire· 2025-07-29 11:36
Core Insights - ZOOZ Power Ltd. is set to become the first dual-listed company on Nasdaq and TASE to hold Bitcoin in its treasury, providing investors with exposure to digital assets [1][4] - The company has announced a $180 million private placement (PIPE) to fund its Bitcoin Reserve Strategy, with a share price of $1.00 per ordinary share [1][5] - Jordan Fried, a technology entrepreneur, will assume the role of CEO to lead the digital asset treasury strategy [2][3] Financial Strategy - The PIPE involves the sale of 180 million ordinary shares and pre-funded warrants, subject to shareholder approval, with strategic investors participating [1][5] - Approximately 95% of the net proceeds from the PIPE will be allocated to executing the Bitcoin treasury strategy, with the remainder for general corporate purposes [5][6] - An initial private placement is also planned, expected to raise $5 million by selling 2.5 million ordinary shares at $2.00 each [7] Leadership and Governance - Jordan Fried will begin his role as CEO on July 31, 2025, focusing on the digital asset strategy while the current CEO will continue overseeing the company's core energy solutions [2][3] - The Board of Directors has nominated additional members to support the company's strategic direction [3] Market Positioning - ZOOZ aims to leverage its dual-listed status to enhance its Bitcoin holdings and attract innovation-focused stakeholders [3][4] - The company believes that incorporating Bitcoin into its treasury will align it with a digital future and enhance long-term shareholder value [4] Historical Context - Bitcoin has shown an approximate 82% compound annual growth rate (CAGR) over the past decade, indicating its potential as a strategic asset [3]
Hypercharge Reports Fourth Quarter and Full Year Fiscal 2025 Results
Newsfile· 2025-07-29 11:30
Core Insights - Hypercharge Networks Corp. reported record-setting revenue, gross profit, and network growth for fiscal year 2025, marking it as a breakout year for the company [3][8]. Financial Performance - The company achieved its highest annual revenue of $10.1 million, an increase of 227% year-over-year, driven by strong market demand and successful customer orders [7][10]. - Gross profit reached a record of $2.3 million, reflecting a 131% increase compared to the previous fiscal year, attributed to higher revenue recognition and margin performance [8][12]. - Operating expenses were reduced by 28% to $6.6 million, primarily due to strategic cost control and operational efficiency [4][11]. - The net loss improved by 46% to $4.3 million, or $0.06 per share, compared to a net loss of $8.0 million in the prior year [13][19]. Operational Highlights - The company delivered a total of 2,459 charging ports during the fiscal year, including 76 DC fast chargers, and doubled its registered user base to over 25,000 [3][8]. - The sales backlog increased by 44% to $9.1 million, providing strong visibility into future growth [10][19]. - Hypercharge surpassed 5,500 charging ports sold across Canada and the United States, marking an increase of over 83% year-over-year [8][10]. Quarterly Performance - For the three months ended March 31, 2025, the company recognized quarterly revenue of $2.8 million, a 162% increase compared to the same period last year [14][19]. - Gross profit for the quarter increased to $540,039, up from $285,530 in the same period last year, although the gross profit percentage declined from 27% to 19% due to a higher proportion of lower-margin DC fast charging sales [16][19]. - The net loss for the quarter improved by 24% to $1.2 million, with basic and diluted loss per share remaining flat at $0.02 [17][19].
Blink Charging Teams with dfYOUNG to Offer Streamlined EV Charger and Fleet Management Services for Corporate Salesforce Customers
Globenewswire· 2025-07-28 12:30
Core Insights - Blink Charging Co. has announced a strategic collaboration with dfYOUNG to provide streamlined corporate fleet management and at-home EV charger installations for salesforces across the nation [2][3]. Group 1: Collaboration Details - The partnership combines dfYOUNG's fleet operations expertise with Blink's EV charging solutions, offering a turnkey approach for organizations with electric vehicle salesforces [3]. - EV chargers will be installed at sales representatives' homes through a coordinated service between Blink and dfYOUNG, with pre-kitted and RFI-activated chargers shipped and installed directly by dfYOUNG [4]. - Customers will receive 24/7 customer service from Blink, while dfYOUNG will oversee fleet operations, including deliveries, job completion, safety, and compliance, along with real-time tracking of vehicle deliveries and pickups [4]. Group 2: Strategic Importance - This collaboration is part of Blink's ongoing efforts to enhance and simplify the EV adoption process, providing end-to-end support from procurement to post-installation fleet management [5]. - The initiative aims to elevate Blink's customer-centric capabilities and improve the integration process for businesses transitioning to electric vehicle fleets [5]. Group 3: Company Background - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [7]. - The company operates a proprietary, cloud-based network that manages and tracks EV charging stations and associated data, with strategic collaborations across various location types [7].
Blink Charging to Host Second Quarter Conference Call on Thursday, August 7, 2025
Globenewswire· 2025-07-24 13:20
Company Overview - Blink Charging Co. is a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services [4] - The company offers a principal line of products and services including the Blink EV charging network, EV charging equipment, and EV charging services [4] - Blink's network utilizes proprietary, cloud-based software to operate, maintain, and track EV charging stations and associated data [4] Upcoming Financial Results - Blink Charging will announce its second quarter results on August 7, 2025, after the close of financial markets [1] - A conference call and webcast will be held on the same day at 4:30 p.m. Eastern Time to discuss the results for the quarter ended June 30, 2025 [1] Accessing Information - Investors can access the live webcast through the Blink Charging website or via a specific link provided [2] - For phone participation, a specific dial-in number and access code are provided for both domestic and international callers [2] Replay Information - A replay of the teleconference will be available until September 6, 2025, with specific dial-in numbers for domestic and international callers [3]
Universal Media Teams with Blink Charging to Launch First “EV Totem” Installations in Salt Lake City
Globenewswire· 2025-07-23 12:30
Core Viewpoint - Blink Charging Co. has partnered with Universal Media to launch the EV Totem, which combines EV charging solutions with digital media displays, aiming to enhance the EV charging experience and create new revenue opportunities for brands and property partners [1][3][4]. Group 1: EV Totem Concept - The EV Totem features dual 55-inch high-definition digital displays positioned seven feet above ground for optimal visibility, even when vehicles are parked [3]. - This innovative platform provides real-time, location-based advertising and integrated analytics, enhancing its value as a mobility and media platform [3][4]. - The first installation of the EV Totem is located at Mountain View Village in Salt Lake City, Utah, with plans for further expansion to other high-traffic locations [1][2]. Group 2: Strategic Collaboration - The collaboration between Blink and Universal Media aims to transform the EV charging experience into a dynamic media platform, delivering relevant content to drivers while they charge [4]. - The EV Totem is designed to unlock new opportunities for brands, property partners, and communities, potentially creating additional revenue streams [3][4]. Group 3: Company Background - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6]. - The company operates a proprietary, cloud-based network that manages and tracks EV charging stations and associated data, with strategic partnerships across various location types [6].
Evyve Becomes First Customer to Deploy Tritium's Revolutionary TRI-FLEX Ultra-Scaling Platform to Meet Rapid Network Growth Demands
GlobeNewswire News Room· 2025-07-22 06:05
Core Insights - Tritium has partnered with Evyve to deploy the TRI-FLEX ultra-scaling charging platform in the UK, marking a significant step in supporting the transition to electric mobility [1][3] - Evyve operates over 160 locations with 600 DC charging stations powered by 100% renewable energy, aiming to provide fast and sustainable charging solutions [2][9] - The TRI-FLEX system can deliver charging speeds up to 400kW, addressing scalability and flexibility challenges in the EV market as global EV sales approach 20% of total car sales [3][5] Company Overview - Tritium is a global leader in DC fast charging technology, with over 21,000 chargers deployed in more than 50 countries and advanced facilities in the US, UK, and Australia [7][8] - Evyve is a prominent owner and operator of public DC charging infrastructure in the UK, committed to sustainable charging solutions [9] Technological Advancements - The TRI-FLEX platform allows charge point operators to scale from four to 64 charge points efficiently, significantly outperforming conventional systems [3][4] - Tritium has introduced an industry-first lifetime warranty on power modules for its product line, addressing long-term cost concerns for operators [4][6] Market Impact - The partnership aims to meet the UK's increasing demand for ultra-fast charging infrastructure, enabling electric vehicles to charge in approximately 15 minutes [5][6] - The deployment of TRI-FLEX supports the seamless charging experience necessary for mass EV adoption across the UK, powered by renewable energy [6]
Blink Charging Selected by Accesso as Electric Vehicle Charging Provider for South Florida Properties
GlobeNewswire News Room· 2025-07-16 12:30
Core Insights - Blink Charging Co. is expanding its Level 2 (L2) charger network in South Florida by partnering with Accesso to install chargers at Sawgrass Lake Center and the Atrium at Broken Sound [1][2][3] Group 1: Company Overview - Blink Charging Co. is a leading global provider of electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [7] - The company operates a proprietary, cloud-based network that manages and tracks EV charging stations and associated data [7] Group 2: Partnership Details - At Sawgrass Lake Center, Blink will install Series 7 L2 chargers across the 240,000 square-foot office facility, which is located near Sawgrass Mills Mall [2] - Additional Series 7 chargers will be installed at the Atrium at Broken Sound, a 100,000 square-foot property in a mixed-use commercial district [3] Group 3: Sustainability Initiatives - Blink Charging supports Accesso's corporate sustainability initiatives by providing EV charging solutions at their properties [4] - Accesso emphasizes the importance of sustainability and aims to enhance transportation options for tenants by offering convenient EV charging [5] Group 4: Accesso Overview - Accesso is a vertically integrated commercial real estate investment manager with a focus on mixed-use office, multifamily, and retail properties, managing a portfolio of 26 properties totaling 13 million square feet [6]
Blink Charging UK Simplifies EV Charging Payment Experience via Zapmap
Globenewswire· 2025-07-15 12:30
Core Insights - Blink Charging Co. has announced a collaboration with Zapmap to enhance the EV charging payment experience in the UK, allowing drivers to access payments seamlessly through Zapmap's app [1][2][3] - The Blink Network is now integrated into Zapmap's pay platform, enabling users to search and pay for charging at any Blink charger location without needing multiple apps [2][4] - The collaboration aims to simplify the customer journey for EV drivers and supports Blink's commitment to leading the evolution of the UK's charging landscape, which has seen a 33% increase in new EV registrations, reflecting a 20% growth from 2024 [3][4] Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, providing innovative solutions to facilitate the transition to electric transportation [5] - The company's offerings include the Blink Network, EV charging equipment, and services, all supported by proprietary cloud-based software for operation and maintenance [5] - Blink has established strategic partnerships to expand its charging solutions across various locations, including parking facilities, workplaces, and transportation hubs [5]
Hypercharge to Announce Fourth Quarter and Fiscal Year 2025 Financial Results on July 29, 2025
Newsfile· 2025-07-15 11:30
Core Viewpoint - Hypercharge Networks Corp. will announce its financial results for the fourth quarter and fiscal year ending March 31, 2025, on July 29, 2025, highlighting its ongoing commitment to the electric vehicle (EV) charging solutions market [1]. Company Overview - Hypercharge Networks Corp. is a leading provider of smart EV charging solutions for various sectors, including residential and commercial buildings, fleet operations, and other rapidly growing areas [2]. - The company aims to accelerate EV adoption and contribute to a carbon-neutral economy by offering seamless solutions that include industry-leading hardware, innovative software, and comprehensive services, supported by a robust network of charging stations [2].
Blink Charging Announces Strategic Acquisition of Zemetric, Inc
Globenewswire· 2025-07-14 12:30
Core Insights - Blink Charging Co. has announced the acquisition of 100% equity of Zemetric, a company specializing in charging infrastructure solutions for fleets, expected to close by July 11, 2025 [1][3] - Zemetric's solutions are designed to be highly reliable and interoperable, aimed at simplifying the transition from internal combustion engines (ICE) to electric vehicles (EV) [2][3] - The acquisition is part of Blink's strategy to enhance its product offerings and build a smarter, more connected charging ecosystem [3][4] Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6] - The company operates Blink Networks, which utilize proprietary cloud-based software for managing and tracking EV charging stations [6] Leadership Changes - Harmeet Singh, founder of Zemetric, has been appointed as the new Chief Technology Officer of Blink, bringing extensive industry experience [4] - Other key personnel from Zemetric, including Bonnie Datta and Kapil Singhi, will also join Blink in senior roles to enhance its leadership team [4]