Beam Global Secures Major Contract Extension with US Government

Beam Global's shares rose 5.86% after the company announced the renewal of its Multiple Award Schedule contract with the U.S. General Services Administration, extending the contract through October 31, 2030. The renewal also adds Beam Global to Special Item Number 334512, covering total solution support products for facilities management systems. This enables state and local governments to procure Beam's sustainable infrastructure products more quickly and efficiently through Cooperative Purchasing.

San Diego, CA – July 2, 2025 – Beam Global (Nasdaq: BEEM), a leading provider of sustainable infrastructure solutions, saw its stock rise by 5.86% following the announcement of the renewal of its Multiple Award Schedule (MAS) contract with the U.S. General Services Administration (GSA). The contract, now extended through October 31, 2030, includes options for further extensions until 2040 [1].

This renewal also adds Beam Global to Special Item Number (SIN) 334512, which covers total solution support products for facilities management systems. This inclusion allows state and local governments to purchase Beam's sustainable infrastructure products more quickly and efficiently through Cooperative Purchasing [1]. Cooperative Purchasing accelerates procurement timelines by enabling eligible agencies to buy directly from pre-negotiated GSA contracts, bypassing lengthy Request for Proposal (RFP) processes [2].

Desmond Wheatley, CEO of Beam Global, commented on the renewal, "We are encouraged to see the federal government GSA renewing our multiple award schedule contract. Our American-made products deliver energy security and transportation infrastructure solutions that provide value to government facilities across the nation. The disaster preparedness attributes of our FEMA listed products mean that this federal contract vehicle can also be used by state and local governments who wish to purchase our products without having to go through time-consuming and complex processes. This significantly increases the value of the contract vehicle for both our customers and our shareholders" [1].

The company's products are designated Disaster Purchasing status, enhancing their appeal and utility for government entities, particularly in emergency preparedness scenarios. Federal agencies, as well as state and local governments, can use the GSA MAS Contract to secure Beam Global's sustainable EV charging products at pre-negotiated pricing, terms, and conditions on the GSA Advantage!® site [1].

The stock surge reflects investor confidence in Beam Global's expanded access to government markets and the potential for increased sales. The contract renewal also highlights the company's commitment to sustainable infrastructure solutions and its ability to meet the needs of government facilities nationwide [3].

References:
[1] https://beamforall.com/u-s-general-services-administration-renews-beam-global-contract-through-2030-adds-cooperative-purchasing-extending-access-to-federal-state-and-local-agencies/
[2] https://www.investing.com/news/stock-market-news/beam-global-stock-surges-after-gsa-contract-renewal-93CH-4211092
[3] https://www.quiverquant.com/news/Beam+Global%27s+GSA+Contract+Renewed%2C+Expanding+Access+to+Sustainable+EV+Charging+Solutions+Through+2030