Tauriga Sciences, Inc., engaged in building its business through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities and other investments, today announced that its wholly owned subsidiary, Tauriga Biz Dev. Corp., has executed an Independent Sales Reseller Agreement with Blink Charging Company, owner, operator, and provider of electric vehicle charging equipment and networked charging services, that presents the Company with a potential long-term and sustainable revenue opportunity. Under terms of this agreement, TAUG BIZ DEV will help Blink expand its already significant national electric vehicle charging network.
The Company and its board of directors have spent a considerable amount of time evaluating this opportunity and believes that it can potentially enhance shareholder value.
Commenting on this Agreement, Tauriga’s CEO Seth M. Shaw expressed, “The Company believes that Blink has built a unique infrastructure to service the rapidly growing electric vehicle market segment. We are pleased to join efforts to help this network expand while simultaneously providing our shareholders with a potential revenue opportunity through the sales revenue model regarding any locations we help source per our agreement with Blink.”
Blink Charging Company CEO, Mike Calise stated, “It is critical to our continued commitment to transforming transportation that we remove all barriers for electric vehicle adoption and a huge part of that is making sure EV drivers have access to charging stations wherever they work, live, and go. Tauriga Sciences Inc. role as an Independent Sales Reseller is a welcome strategic move in establishing even more installations with valued and accessible properties, delivering the infrastructure the industry needs to prepare for mass EV adoption.”
Lastly, Tauriga wishes to specify that this above-referenced Reseller Agreement is separate from the previously disclosed potential acquisition candidate that Tauriga is currently contemplating.