Triplepoint Venture Growth BDC Corp
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Financials : Capital Markets | Small Cap Value
Company profile

TriplePoint Venture Growth BDC Corp. is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused on technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC's (TPC) select group of venture capital investors. The Company targets investment opportunities in venture growth stage companies backed by venture capital investors. The Company originates and invests primarily in loans that have a secured collateral position and are used by venture growth stage companies to finance their continued expansion and growth, equipment financings and, on a select basis, revolving loans. The Company is managed by TriplePoint Advisers LLC.

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Beam Global Powers Volvo Construction Equipment in Clean Construction Showcase at U.S. Fish and Wildlife Service National Wildlife Refuge

8:00 am ET November 18, 2021 (Globe Newswire) Print

Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that the EV ARC(TM) solar-powered EV charging system was used to charge Volvo Construction Equipment (Volvo CE) compact electric machines in a showcase hosted by the U.S. Fish and Wildlife Service. The event took place at Occoquan Bay National Wildlife Refuge in Woodbridge, Virginia, and highlighted how zero-emissions trail building and maintenance is a proven capability.

Beam's EV ARC(TM) transportable solar EV charging system is powering Volvo CE's ECR25 Electric compact excavator and L25 Electric compact wheel loader to help build an ADA accessible trail to a viewing platform. Volvo's electric mini excavator and front-end loader are the first electric heavy equipment publicly available in the United States and are being charged with Beam's off-grid, rapidly deployed EV charging system. The equipment and charging system are clean, quiet and sustainable, reducing the noise, emissions and fossil fuels associated with building and maintenance in pristine remote locations.

Through this pilot opportunity and equipment loan, the Service had access to new technology that aligns with sustainability goals and representatives from Volvo CE and Beam were able to observe their equipment in real life application while contributing to improvements of public access at an urban national wildlife refuge located in the National Capital Region.

"The shift to electrification is quickly expanding beyond transportation to include the construction industry, and Volvo is a leader in compact electric machines," said Beam Global CEO Desmond Wheatley. "We are pleased to have the EV ARC(TM) sustainable EV charging system a part of this showcase and to see responsible, sustainable restoration and maintenance of wildlife areas start to take a front stage."

Founded in 1903, the Service's National Wildlife Refuge System is a network of 567 refuges that offer access to a host of popular activities while providing vital habitat for thousands of wildlife species. You can find at least one refuge in every state and every U.S. territory and within an hour drive of most major cities. The U.S. Fish and Wildlife Service works with others to conserve, protect and enhance fish, wildlife, plants and their habitats for the continuing benefit of the American people. For more information, visit www.fws.gov.

About Beam Global

Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC(TM) and Solar Tree lines with BeamTrak(TM) patented solar tracking, and ARC Technology(TM) energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit BeamForAll.com, LinkedIn, YouTube and Twitter.

Forward-Looking Statements

This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may," or other words and similar expressions that convey the uncertainty of future events or results.

Media Contact

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+1 813-526-1195

Press@BeamForAll.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/44f2ef59-ee0a-403d-bc1e-caefc6b8bd87

https://ml.globenewswire.com/media/f663ab38-0fd0-40df-ad8a-9bedbb065d4b/small/beam-logo-color-and-black-large-576x375-png.png

https://ml.globenewswire.com/media/f663ab38-0fd0-40df-ad8a-9bedbb065d4b/small/beam-logo-color-and-black-large-576x375-png.png

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