Blink Charging Company has filed a registration statement (Form S-1) with the Securities and Exchange Commission for a public offering. The Registration Statement was filed with the SEC on January 11, 2018.
Blink’s stock is presently quoted on the OTC Pink Current Information Marketplace under the symbol “CCGI”. According to the SEC filing, Blink’s common stock was quoted as $5.25 on January 10, 2018. They have applied to be listed on The NASDAQ under the symbol “BLNK”.
The Prospectus Summary includes the following description.
Our principal line of products and services is our Blink EV charging network (the “Blink Network”) and EV charging equipment (also known as electric vehicle supply equipment) and EV related services. Our Blink Network is proprietary cloud-based software that operates, maintains, and tracks all of the Blink EV charging stations and the associated charging data. The Blink Network provides property owners, managers, and parking companies, who we refer to as our “Property Partners”, with cloud-based services that enable the remote monitoring and management of EV charging stations, payment processing, and provides EV drivers with vital station information including station location, availability, and applicable fees.
Blink’s Competitors Engaged in Patent Dispute
The timing of the offering is interesting because there is a lawsuit in U. S. District Court in Baltimore where privately held company, ChargePoint, claims that competitor SemaConnect is infringing patents related to networked EV charging stations. An outcome in that suit where ChargePoint prevails would presumably have a profound impact on all EV charging network providers including Blink.
The prospectus, as is standard, contains a disclosure of general risks, including the risk of intellectual property claims against the company which reads in part.
The EV and EV charging industries are characterized by the existence of a large number of patents, copyrights, trademarks and trade secrets. As we face increasing competition, the possibility of intellectual property rights claims against us grows. Our technologies may not be able to withstand any third-party claims or rights against their use. Additionally, although we have acquired from other companies’ proprietary technology covered by patents, we cannot be certain that any such patents will not be challenged, invalidated or circumvented.
The Blink registration statement and prospectus can be accessed on the SEC website.