Charge Enterprises, Inc. operates as an electrical, broadband and electric vehicle (EV) charging infrastructure company that provides clients with end-to-end project management services, from advising, designing, engineering, acquiring and installing equipment, to monitoring, servicing, and maintenance.
Segments
The company operates through two segments, Infrastructure and Telecommunications.
Infrastructure segment
Infrastructure has a primary focus on EV charging (EVC), broadband, including...
Charge Enterprises, Inc. operates as an electrical, broadband and electric vehicle (EV) charging infrastructure company that provides clients with end-to-end project management services, from advising, designing, engineering, acquiring and installing equipment, to monitoring, servicing, and maintenance.
Segments
The company operates through two segments, Infrastructure and Telecommunications.
Infrastructure segment
Infrastructure has a primary focus on EV charging (EVC), broadband, including cell tower, small cell, and in-building applications, and electrical contracting services.
Infrastructure’s focus is to implement end-to-end solutions for customers that are custom designed to enhance connectivity, productivity, and improve the efficiency of commercial operations for the company’s customers and their consumers. The company’s Infrastructure segment comprises several different businesses: Broadband and Wireless, Electrical Contracting Services, Electric Vehicle Charging and Fleet Services.
Broadband and Wireless
The company’s Broadband and Wireless infrastructure business provides engineering and construction services specializing in the deployment of fixed and wireless broadband infrastructure. The company’s primary practice areas include network infrastructure deployment, tower services, in-building wireless engineering and implementation, remote maintenance and monitoring, and primary and secondary alternating current /direct current (AC/DC) back up power services, mainly in the Northeast, Mid-Atlantic and Midwest regions of the United States. The company offers its services through ANS Advance Network Services, LLC., (ANS), an operating subsidiary of Nextridge, Inc., a New York Corporation (Nextridge), which has been in operation for over 30 years. The company often provides services under master or other service agreements, which are generally multi-year agreements. The company’s projects can vary in length from two to three months on average and depend on size and complexity. The company has a customer base that includes large telecommunication and wireless service providers, contractors, government entities and enterprise organizations such as higher education institutions, stadiums and healthcare facilities.
Network Infrastructure - The company provides end-to-end network design and implementation services for telecommunication and wireless carriers, cable companies and enterprise organizations. The company’s team has over 25 years of engineering and deployment experience with Regional Operating Bell Carriers (ROBC) and Original Equipment Manufacturers (OEM) in creating physical network solution and implementing specifications for discrete projects or an entire network.
Tower Services - The company provides cell tower construction and modification services for national and regional wireless service providers, tower owners, and federal, state, and local government agencies. The company’s services are in four distinct categories:
The company designs and installs new cellular towers on new and existing structures.
The company performs structural modification of existing tower infrastructure. This process includes physically modifying the tower structure for a variety of reasons, including aging infrastructure or loading capacity.
The company provides technology upgrades on existing tower infrastructure, commonly referred to as antenna and line work. This service includes changing out Radio Frequency (RF) radios and antennas, as well as adding or removing, fiber optic, coaxial or power cable for the purpose of adding or modifying 4G and 5G or adding or modifying different transmitted RF carriers.
The company provides emergency and routine maintenance on tower infrastructure, which includes road repair, landscaping and repair of electronic equipment that is not functional.
In-Building Wireless Services -The company provides cellular distributed antenna systems (DAS) and bi-directional antenna (BDA) public safety systems from initial RF site assessment, through design, engineering, implementation, and testing. The company’s certified engineers and field technicians assess facility requirements and carrier coverage to determine the appropriate RF system for the facility.
Remote Maintenance and Monitoring Services - The company provides a DAS maintenance and monitoring service, including an in-house 24 hour network operations center, utilizing Software-as-a-Service cloud-based software and customized maintenance programs. This service allows facility owners to proactively detect issues and reduce downtime. The company’s maintenance and monitoring service is customizable and scalable to meet the requirements of its customers. The company’s platform Peel-It provides stakeholders a dashboard with critical data, alerts and key performance indicators.
AC/DC Back Up Power Services - The company designs scalable and energy-efficient mission critical power systems to meet the demand of data equipment deployment for mission critical data centers. The company’s power engineers design, project manage and test AC undisrupted power systems, AC back-up generators, 48-volt DC rectifier and distribution systems, and AC/DC battery equipment.
Electrical Contracting Services
The company’s Electrical infrastructure business provides electrical and telecommunications construction and facilities services primarily in the New Jersey commercial and industrial markets. The company offers its services through its operating subsidiary B W Electrical Services, LLC. (BW). Including the company’s predecessor companies, its electrical infrastructure business has been in operation for over 50 years. The company’s services are provided to a broad range of commercial, industrial, and institutional facilities, including hospitality, recreational, educational, healthcare and pharmaceutical facilities, stadiums, building retrofits, standby power additions, emergency generators, photovoltaic infrastructure, and EV charging. The company’s electrical construction services cover electrical systems in all types of facilities and its services cover the operation, maintenance, and management of those facilities.
The company’s primary practice areas involve the design, integration, installation, start-up, operation and maintenance, and related services for substations and underground distribution; emergency power and generators; uninterruptible power supply; transient voltage suppression system; power monitoring equipment and reporting; lighting, heating ventilation and air conditioning, fire alarms, security, card access and door locking systems; building automation, cableTV and controls; telecommunications and cable systems to support voice and data; and audio/visual systems.
The company’s projects can vary in length from six to 36 months on average and depend on size, complexity, availability of materials, union labor and coordination with local utilities. Over the past 20 years, substantially all of the company’s services have been as a first-tier subcontractor to 15 general contractors.
Electrical Vehicle Charging
The company’s EVC infrastructure business provides end-to-end solutions for safe, reliable, flexible and scalable charging ecosystems. The company’s focus is to create custom, seamless, EV charging solutions nationwide for public and private sectors, including varying industry segments: automotive OEMs, retail automotive dealerships, commercial dealerships, fleet operators, managers and depots, workplace, destination, commercial retail, garages and parking lots and multi-family residential. The company is an electric vehicle service equipment (EVSE) agnostic to meet customer demands for multiple charging strategies, technologies, and models. The company offers a complete functional solution that is scalable, flexible and seamless to the client including:
Dedicated Client Engagement: Providing one point of contact with the team.
Strategic Planning and Education: Thorough analysis of site use, including parking, current and future vehicle mix; on-site electrical analysis and assessment, permitting, contracting and construction; estimate costs and timelines, manage and claim incentives for customers.
Design and Engineering: Provide design package, including civil, electrical and project engineering, code requirements, utility coordination, and permitting; position client for optimal equipment and procurement based on site-economics and local resource availability.
Dedicated Project Management: Provide a dedicated team to manage and lead the on-site electrical analysis, design and engineering, project management and a dedicated client engagement team focused on quality of service.
Construction, Installation, Commissioning: Equipment procurement, coordinate between sector leads and workforce, maintain quality control and customer engagement throughout build process.
The company’s strategy is to focus initially on the automotive industry, developing relationships today to scale with its customers for their future EV charging infrastructure requirements. Customers vary from dealership groups that own and operate multiple campuses representing multiple auto brands to dealerships representing a single brand. The company also works with multi-family housing developments focused on providing public charging capabilities to residents that lack individually owned parking or garage space.
The company’s projects can vary in length from three to twelve months on average and depend on size, complexity, availability of EVSE, electrical components and coordination with local utilities for upgrades and incentive coordination. Projects typically include site evaluation, hardware consultation, design, engineering, construction and installation. Expert project management, tailored service and customer education are critical components impacting the entire customer experience.
The company’s plan is to provide monitoring and maintenance on all projects thus generating recurring revenue. The company is developing the technology specific to EVSE equipment to allow customers transparent and seamless monitoring of equipment regardless of hardware type and utilization.
Fleet Services
The company’s Fleet infrastructure business focuses on real estate solutions for commercial and fleet operators requiring parking.
The company offers its services through its operating subsidiary EVDepot, LLC (EVDepot). Based on its knowledge of the real estate market, the company is able to find properties that would be desirable to fleet operators and secure leases for further re-lease to tenants. The company’s customers rely on its industry knowledge and relationships to secure the best locations for their business. As a result of its real estate development expertise, the company may also be engaged to provide services on the property such as lighting, paving or security.
The company’s Fleet business properties are typically located close to shipping ports, airports, and major thoroughfares. The company’s properties are primarily within the Northeast and Mid-Atlantic regions.
Telecommunications segment
Telecommunications, which provides connection of voice calls and data to global carriers.
Telecommunications provides routing of voice, data, and Short Message Services (SMS) to Carriers and Mobile Network Operators (MNO) globally and operates through the company’s wholly owned subsidiary PTGi International Carrier Services, Inc. (PTGi). The company’s Telecommunications business has contractual relationships with service providers in over 45 countries primarily within Asia, Europe, the Middle East, Africa, and North and South America. The company provides customers with internet-protocol-based and time-division multiplexing (TDM) access for the transport of long-distance voice and data minutes.
The company operates a global telecommunications network consisting of domestic switching and related peripheral equipment, carrier-grade routers, and switches for internet and circuit-based services. To ensure high-quality communications services, the company’s network employs digital switching and fiber optic technologies, incorporates the use of voice- over -internet protocols and Signaling System7 (SS7/C7) signaling, and is supported by comprehensive network monitoring and technical support services.
In select countries where competition with traditional post telegraph and telecommunications companies (PTTs) is limited, the company has entered into foreign carrier agreements with other PTTs, or similar service providers to provide traffic into these countries and receive such countries’ traffic in return. The company maintains relations with approximately 200 wholesale carriers, or similar providers, all of which are at-will arrangements.
Telecommunications owns and operates network management systems in Ashburn, Virginia to monitor and control the company’s switching systems, global data network, and other digital transmission equipment. Additional network monitoring, network management, and traffic management services are supported from its network management centers located in Guatemala City, Guatemala and Bucharest, Romania. The network management control centers provide 24/7 online service.
Growth Strategy
The company’s strategy is to drive growth within Infrastructure by leveraging its operating subsidiaries, investing in the high growth areas of EV charging and broadband, and acquiring strategic companies that will broaden its geographic footprint and skill teams. The company plans to continue investing in people, processes and tools to enable organic growth. The company’s strategy is to prioritize the automotive industry, in particular, retail dealerships and fleet businesses, which must invest in charging infrastructure guided by OEM mandated timelines. The company continues to target possible acquisitions that expand scale, capacity, capabilities, channel distribution, and geographic reach. The company intends to leverage its monitoring and maintenance service available for broadband customers and offers a similar service for EV charging which could expand the Company’s recurring revenue streams.
Competition
Infrastructure
The company’s Broadband and Wireless business and Electrical Contracting Services Businesses face competition from local, regional, and national players. The competition is highly fragmented, categorized by specialized service providers in the network, tower, construction, engineering, and electrical industry. These companies range from small local independent companies to large national firms, including Mastec, Inc., Black Veatch Holdings, Jacobs Solutions, Inc., Henkels & McCoy, Inc., Dycom Industries, Inc., Quanta Services, Inc., Telefonaktiebolaget LM Ericsson, Samsung Electronics America, Inc., Nokia Corporation, Motorola Mobility, LLC, Crown Castle International Corp, American Tower Corporation, and SBA Communications Corporation.
Significant Customers
The company has two customers whose revenue individually represented 10% or more of its total revenue and whose revenue in aggregate accounted for approximately 36% of its total revenue for the twelve months ended December 31, 2022.
Government Regulation
In the United States, the company’s Telecommunications services are subject to the provisions of the Communications Act of 1934, as amended (the Communications Act); other federal laws; the rules and orders of the Federal Communications Commission (FCC); and the applicable laws and regulations of the various states.
With respect to the company’s domestic communications services, PTGi is considered a non-dominant interstate carrier subject to regulation by the FCC. FCC rules provide the company significant authority to initiate or expand its domestic interstate operations, but it is required to obtain FCC approval to assume control of another telecommunications carrier or its assets, to transfer control of its operations to another entity, or to discontinue service. The company is also required to file various reports and pay various fees and assessments to the FCC and various state commissions. Among other things, interstate common carriers must offer service on a nondiscriminatory basis at just and reasonable rates. The FCC has jurisdiction to hear complaints regarding the company’s compliance or non-compliance with these and other requirements of the Communications Act and the FCC’s rules.
History
The company was incorporated in 2003 under the laws of the state of Nevada. It was formerly known as TransWorld Holdings Inc. and changed its name to Charge Enterprises, Inc. in 2021.
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