Beam Global, Platinum Group Form Joint Venture to Expand into Middle East, Africa

Beam Global (NASDAQ:BEEM) is one of the best solar stocks to buy according to Wall Street analysts. On July 17, Beam Global and Platinum Group formalized their joint venture, called Beam Middle East LLC, during a signing ceremony in Abu Dhabi, UAE. The new entity will be headquartered in the Omniah Tower in Masdar City, which is a sustainable urban community in Abu Dhabi.

Beam Middle East LLC will be a 50/50 joint venture between the two companies. Its purpose is to sell and manufacture Beam Global’s patented sustainable infrastructure solutions for transportation electrification, energy storage, energy security, and smart city development throughout the Middle East and Africa.

Beam Global will provide its proprietary technologies, along with support for training, marketing, and procurement. Platinum Group will use its existing relationships and provide business development professionals to manage local sales and establish manufacturing capabilities.

Beam Global (NASDAQ:BEEM) is a clean-technology innovation company that designs, develops, engineers, manufactures, and sells renewably energized infrastructure products and battery solutions in the US and Romania.

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Disclosure: None. This article is originally published at Insider Monkey.