Beam Global (NASDAQ: BEEM)

Beam Global, referred to as Beam, operates in the clean-technology industry with the ticker symbol BEEM. The company is recognized for its development, manufacturing, and sale of high-quality, renewably energized products. These products cater to various sectors, including electric vehicle charging infrastructure, energy storage, energy security, disaster preparedness, street lighting, telecommunications, and energy infrastructure. With factories in San Diego, Chicago, and Kraljevo, Serbia, Beam's operations span across multiple countries and regions.

Beam generates revenue predominantly through the sale of electric vehicle charging infrastructure, energy storage solutions, and energy security and disaster preparedness products. Its primary products include the EV ARC, Solar Tree, and EV Standard, specifically designed for electric vehicle charging. These products generate energy through solar power, providing sustainable and reliable energy solutions for electric vehicles.

In the electric vehicle charging infrastructure market, Beam holds a leadership position in the U.S. and Europe. Its proprietary technology and patented products differentiate it from competitors. The company's products are known for providing sustainable and reliable energy solutions for electric vehicles, with the EV ARC and Solar Tree currently offering locally generated and stored electricity. The soon-to-be-released EV Standard will provide the same. Beam is actively engaged with government officials at all levels to increase awareness of its products and their benefits for energy security.

Beam's largest customers include the U.S. Federal Government, represented by several federal agencies such as the U.S. Army, Department of Veterans Affairs, Department of Homeland Security, United States Marine Corps, and many more. Additionally, the State of California and the City of New York are significant customers.

The company's energy storage products offer high-performance solutions for various applications, including electric vehicles, micro-mobility, aviation, medical devices, robotics, stationary storage, and maritime applications. Beam's proprietary passive thermal management, modular platform architecture, and scalable battery management systems enhance safety and performance while extending battery life and reducing lifetime stored energy costs.

Beam acquired Amiga DOO Kraljevo, a Serbia-based business, in October 2023. Amiga manufactures and distributes steel structures with electronic integration, such as streetlights, cell towers, and ski lift towers. Beam intends to leverage Amiga's manufacturing capabilities to sell its current products in the larger European market.