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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Beam Global Scores Major Win As US Government Extends Procurement Contract

Beam Global Beam BEEM GSA
Electric car EV charging

Beam Global (NASDAQ:BEEM) shares traded higher on Tuesday after the company announced the renewal of its Multiple Award Schedule contract with the U.S. General Services Administration.

The extension keeps the company on the federal procurement platform through October 31, 2030, with options that could extend availability to 2040.

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