- Charge named preferred provider to evaluate, recommend, and install EV charging solutions for member churches
- 600 Member churches in the BWCUMC, located throughout Maryland, the District of Columbia, and into West Virginia
- Installations to be public, could represent the first chargers available in some underserved communities
NEW YORK, NY / ACCESSWIRE / November 21, 2022 / Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge") announced today that its portfolio company Charge Infrastructure and the Baltimore-Washington Conference of The United Methodist Church (BWCUMC) signed an agreement for the strategy and development of EV charging stations and related services. Charge will work as the preferred provider to evaluate the prospect of EV charging stations for the over 600 churches represented by the BWCUMC.
Charge will provide seamless EV charging infrastructure strategy, charging installation, and engineering solutions to any member church, and on-going monitoring and maintenance services. Charge will help BWCUMC execute on their goal to better serve their communities and their members with forward-looking and sustainable technology.
According to Andrew Fox, Chairman and CEO of Charge, churches are an ideal location for EV chargers.
"Historically, churches are a cornerstone of the community," said Fox. "They tend to be centrally located, and they offer plenty of access. Sundays might be the most challenging time to charge at a church; however, the rest of the week likely offers plenty of opportunity. Importantly, churches are in every community, and this initiative could bring the first EV chargers to many underserved communities where a BWCUMC church is located."
Under the agreement, the member churches will earn revenue from the public-facing chargers. Charge and the BWCUMC will explore arrangements that allow the chargers to be installed at no cost to the congregations.
The Baltimore-Washington Conference views this partnership with Charge as an opportunity to expand its ministry of being good stewards of the environment and offering equity so that people in underserved urban and rural communities can have access to charging stations. "The church is called to care for God's creation," said Rev. Sheridan Allmond, Chair of the Conference Trustees. "This unique partnership underscores our shared convictions that will enable local churches to assess the potential of installing on-site EV chargers."
The Baltimore-Washington Conference is comprised of 603 United Methodist churches in Maryland, Washington, D.C., and the panhandle of West Virginia. The United Methodist Church is the largest mainstream Protestant denomination in the United States.
About Charge Enterprises, Inc.
Our Telecommunications business ("Telecommunications") has provided routing of both voice, data and short message services ("SMS") to carriers and mobile network operators ("MNOs") globally for over two decades and is poised to selectively add profitable products and services to this long-established business.
Our Infrastructure business ("Infrastructure") has a primary focus on two fast growing sectors: broadband, including cell tower, small cell, and in-building applications, and electric vehicle ("EV") charging. Solutions for these two sectors include: design and engineering, equipment specification and sourcing, installation, data and software solutions, and service and maintenance.
To learn more about Charge, visit Charge Enterprises, Inc.
Notice Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect current expectations or beliefs regarding future events or Charge's future performance. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. All forward-looking statements, including those herein, are qualified by this cautionary statement.
Although Charge believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include the business plans and strategies of Charge, Charge's future business development, market acceptance of electric vehicles, Charge's ability to generate profits and positive cash flow, changes in government regulations and government incentives, subsidies, or other favorable government policies, rising interest rates and the impact on investments by our customers, and other risks discussed in Charge's filings with the U.S. Securities and Exchange Commission ("SEC"). Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive of the factors that may affect forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release or as of the date or dates specified in such statements. For more information on us, investors are encouraged to review our public filings with the SEC, including the factors described in the section captioned "Risk Factors" of Charge's Annual Report on Form 10-K filed with the SEC on March 29, 2022, as well as subsequent reports we file from time to time with the SEC which are available on the SEC's website at www.sec.gov. Charge disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE: Charge Enterprises Inc.
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