Blink Charging Co.

Fourth quarter and year end conference call. At this time all participants are in a listen only mode. Later you will have the opportunity to ask questions during the question and answer session. Please register to ask a question at any time by pressing the star and the one on your touch tone phone. I will be standing by. Please note that this call may be being recorded It is now my pleasure to turn today's program over to Don Nesbitt of IMS Investor Relations.

Good afternoon, everyone, and welcome to Blink Charging's fourth quarter and year-end 2020 investor call. On the call today, we have Michael Farkas, founder and CEO, Brennan Jones, president, and Michael Rama, chief financial officer. I'd like to take a moment to read the safe harbor statement. This conference call contains forward-looking statements as defined within Section 27A of the Securities Act of 1933 as amended and Section 21E of Securities Exchange Act of 1934 as amended. These forward-looking statements in terms such as anticipate, expect, intend, may, will, should, or other comparable terms involve risks and uncertainties because they relate to events and dependent circumstances that will occur in the future. Those statements include statements regarding the intent, belief, current expectations of Blink and members of its management, as well as the assumption in which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink's periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink undertakes no obligation to update or revise forward-looking statements to reflect change conditions. Okay, I'll now turn the call over to Michael Farkas, Chief Executive Officer of Blink Charging. Go ahead, Mike.

Good afternoon, everyone. Thank you for joining us. We closed out 2020 with a very strong fourth quarter. Revenue grew over 250%, and we made tremendous progress expanding our footprint. As we move through 2021, we remain focused on executing our aggressive rollout of chargers to a wide variety of partners and locations, including healthcare networks, hotels, multifamily residences, and municipalities. As a pioneer in EV charging, we've watched what was a gradual transition to EV gain massive traction in 2020. The EV industry is experiencing tremendous momentum fueled by a combination of environmental concerns, coupled with legislative initiatives on both the local and federal levels that have more and more drivers making the switch to EVs. And it follows that more EVs that are on the road, the more demand there will be for fast, accessible and reliable charging stations to power these vehicles. With that in mind, we've been pursuing new exclusive partnerships and locations for the placement of our charging units. While EVs compromise a relatively small portion of vehicles today, they represent a rapidly growing segment of the transportation sector, and we're focused on positioning our chargers in densely trafficked areas to capitalize on what we believe will be a substantial shift to EVs over the coming years. It is important to note that in our own and operate models, exclusive agreements allow us to deploy chargers today and to add chargers to contracted locations as necessary to meet demand. And that's throughout the duration of our long-term exclusive agreements. We are aggressively deploying our chargers using a variety of business models, but emphasizing our own and operate model. The Blink-owned model is a key competitive advantage for us because with this model, we realize an economic benefit each time a vehicle is charged at one of our own chargers. As EV adoption continues to accelerate and charger utilization increases, we expect our owned and operated units will represent a growing revenue stream for many years to come. We believe the opportunity in front of us is enormous, with few companies better positioned than Blink to benefit from the anticipated growth in demand for EV infrastructure. As we have pointed out previously, Bloomberg NEF's Electric Vehicle Outlook 2020, which looks at the global EV market, noted that passenger EV sales increased from 450,000 in 2015 to 2.1 million in 2019 and are expected to reach over 50 million in 2040. Bloomberg NEF also expects that more than 50% of new car sales will be EVs by 2040. 50% of new car sales. And projects that we need many, many more charging stations, and that should top over $290 million by 2040, with a value of $500 billion worldwide. The EV revolution is underway. And Blink is strongly positioned for significant growth as we continue to play a leadership role in laying the groundwork for this transition. To support our growth, in January 2021, we completed a successful equity raise of $221.5 million. It significantly strengthened our balance sheet, Now, with a stronger capital structure, we're better positioned to expand the Blink-owned charging infrastructure, improve internal systems, improve operations, increase our technology, and to prepare for anticipated exponential growth. It also allows us to secure new partnerships, acquire new locations, and to seek amazing strategic acquisition opportunities. We have been adding new positions and people to improve our operational strength across our organization. with additions to our sales staff, IT, customer service departments. And bottom line, the greatest achievement that Blink has made over the last year is not our stock price. It's not the money that we've raised, but it's the team that we've built. Every one of our employees of this company has allowed us to grow this business, and they're all completely dedicated. And just after the close of the fourth quarter, we announced the purchase of a 10,000-square-foot office condominium in Miami. and that's to house our corporate headquarters and to support our current and future growth. Additionally, following the close of the quarter, we opened a new Phoenix location, which has already begun making meaningful contributions to our operations. This is an extremely exciting time for our industry and specifically for Blink. We've begun 2021 in a solid position, We plan to capitalize on the many opportunities we're seeing to provide the accessible, fast, and reliable EV infrastructure that makes traveling with EVs both attractive and viable. Now I'll turn the call over to Michael Rama, our CFO, to run through some of the specific financial results of the quarter. Following that, Brendan Jones, our president, will provide details around some of our recent progress before we go to the Q&A. Go ahead, Michael.