NEW YORK, NY/ACCESSWIRE/July 28, 2022 / Charge Enterprises, Inc. (NASDAQ: CRGE) (“Charge” or the “Company”), a global company with a vision to connect people everywhere with communications and electric vehicle (“EV”) charging infrastructure , today announced that one of its wholly-owned subsidiaries, BW Electrical Services, LLC (“BW”), has received two critical recertifications in the State of New Jersey.
BW is one of a select group of pure electrical contractors in the State of New Jersey to receive this two-year recertification awarded by the New Jersey Department of Property Management and Construction, the certification allows BW to realize a backlog of open contracts totaling up to $125,000,000 in aggregate value. It also allows BW to bid on larger projects in the state.
The second certification was granted by the New Jersey Schools Development Authority, also allowing BW to manage a backlog of $125,000,000 in open contracts.
“We are thrilled to achieve these highly sought after certifications,” said Michael Wojtowicz, president of BW Electrical Services. “This gives us the flexibility and ability to build our backlog productively, with a high combined cap of $250 million in aggregate value.”
“These certifications demonstrate the confidence that the New Jersey Department of Property Management and Construction and the New Jersey Schools Development Authority place in BW,” said Andrew Fox, Founder, President and CEO of Load Enterprises. “We celebrate this validation of BW’s reputation as a trusted partner that provides best-in-class electrical installations to New Jersey communities.”
About Charge Enterprises, Inc.
Our Telecommunications (“Telecommunications”) business has been routing voice and data to Carriers and Mobile Network Operators (“MNOs”) worldwide for over two decades and is about to selectively add profitable products and services to this long-established business.
Our Infrastructure business (“Infrastructure”) is primarily focused on two rapidly growing areas: electric vehicle (“EV”) charging and the 5G telecommunications network, including cell towers, small cells and in-building applications . Solutions for these two sectors include: design and engineering, equipment specification and procurement, installation, data and software solutions, and service and maintenance.
To learn more about Charge, visit Charge EnterprisesInc..
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 the future performance of Charge. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “expected”, “estimates”, “continues “, “forecasts”, “plans”, “predicts”, “intends”, “anticipates”, “targets” or “believes”, or variations or negatives of these words and expressions or declare that certain actions , events or results “may”, “could”, “should”, “should”, “could” or “will” be made, occur or be realized. All forward-looking statements, including those contained in this document, are qualified by this warning.
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. These risks and uncertainties include Charge’s business plans and strategies, Charge’s future business development, market acceptance of electric vehicles, Charge’s ability to generate positive earnings and cash flow, changes in government regulation and government incentives, subsidies or other favorable government policies, and other risks discussed in Charge’s filings with the United States Securities and Exchange Commission (“SEC”). Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive of factors that could affect forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained 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 about us, investors are encouraged to review our public filings 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, except as required by law.
Steve Keyes (248) 952-7022
Christine Canella (954) 298-6518
Carolyn Capaccio, CFA (212) 838-3777
THE SOURCE: Charge Enterprises Inc.