Post by Beam Global

Beam Global today announced a strategic relocation of its California manufacturing operations to Yuma, Arizona, a move expected to strengthen the Company's financial performance while supporting future growth. Key expected benefits include: • Approximately $2.7 million in rent savings over the lease term • Lower labor, utility and operating costs • Reduced shipping expenses • Greater manufacturing efficiency • Increased opportunities for vertical integration • Continued U.S.-based design and manufacturing "We are de-risking our business and dramatically reducing our costs. Great news for our customers, our employees and our shareholders." — Desmond Wheatley, CEO This strategic investment reflects Beam Global's continued focus on operational excellence, innovation and creating long-term value. Read the full press release: https://lnkd.in/eRfepiAA #BeamGlobal #BusinessGrowth #Manufacturing #Innovation #EnergyInfrastructure #CleanTech Nasdaq: BEEM