Beam Global (NASDAQ:BEEM) is among the hidden penny stocks to buy now. George Syllantavos, Director of Beam Global (NASDAQ:BEEM), has offloaded 20,700 shares of the company’s stock. This transaction of approximately $50,024 occurs as the company expands globally, focusing on revenue growth, high-potential contracts, and new patents.
Last week, Beam Global (NASDAQ:BEEM) announced that it has secured a fresh patent by the United States Patent Office for its Phase Change Composite (PCC) material utilized in lithium-ion batteries. The patent, titled “Smart Phase Change Composite for Passive Thermal Management,” relates to technology that operates as a thermal switch, functioning as both an insulator when the batteries are cold and cooler when they’re hot.
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Aimed at enhancing battery performance in extreme conditions, particularly as Beam Global (NASDAQ:BEEM) enters into various markets, this innovation will power multiple applications. As stated by the CEO, Desmond Wheatley,
“This new patent covers our latest, innovative thermal management technology, which makes our battery solutions more dynamic and capable of addressing a wide range of customer requirements.”
Beam Global (NASDAQ:BEEM) is a California-based clean-technology innovation company specializing in renewably energized infrastructure products and battery solutions. Founded in 2006, the company offers EV ARC, Solar Tree DCFC, EV, and ARC DCFC.
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Disclosure: None.
[SRC] https://finance.yahoo.com/news/beam-global-beem-sees-director-225322487.html
