(Bloomberg) -- Blink Charging Co. climbed after announcing a partnership with an Israeli-based company to deploy its electric-car charging stations on light poles across the U.S., Israel and other markets.
Miami Beach, Florida-based Blink rose as much as 8.9 percent Tuesday, and was up 3.4 percent to $5.71 at 9:48 a.m. in New York.
Blink and Ya'acobi Brothers Group Ltd., which sells lighting equipment and technology, are forming a partnership that will be the first to offer so-called smart light poles equipped with energy management systems and car-charging stations, the companies said in a statement issued Tuesday. The stations can be monitored and managed through Internet-based systems, the statement shows.
Blink has installed more than 14,000 electric vehicle charging stations through the U.S. Its shares have risen 23 percent so far this year, closing at $5.52 on Monday.
--With assistance from Brian Eckhouse.
To contact the reporter on this story: Mark Chediak in San Francisco at mchediak@bloomberg.net
To contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Will Wade, Steven Frank
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