Beam Global Merger Partner ScoutDI Receives Orders For Drones And Software For FPSO Inspections In Angola; Sees Sales Booked In Q4

 Beam Global (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for energy storage and security, electrification of mobility, and smart city infrastructure, announces that ScoutDI, the industrial drone company which Beam Global has recently signed a definitive acquisition agreement with, has received orders for drones and recurring revenue software from two independent inspection services companies, one based in Ghana and one for operations in Angola, to support inspections of floating production, storage and offloading (FPSO) vessels. The orders are expected to ship and generate revenue in the fourth quarter of 2026.

Angola is among the countries with the highest numbers of FPSOs in operation worldwide, and Ghana's main offshore fields, Jubilee, TEN and Sankofa, are each produced through an FPSO. According to Fortune Business Insights, the global FPSO market is projected to grow from $29.97 billion in 2026 to $52.89 billion by 2034, representing a compound annual growth rate of 7.36%. This growing market provides a significant opportunity for specialized inspection technologies such as ScoutDI's Scout 137, as Beam Global looks to build on its international presence and expand the drone business into additional energy markets across Africa.

The Scout 137 is a tethered drone for confined-space inspection that captures 4K visual inspection footage, ultrasonic thickness measurements, and 3D LiDAR data in a single flight, with unlimited flight time. It is used in maritime and offshore, oil and gas, power generation, including nuclear, mining, and critical infrastructure, and has completed more than 7,000 recorded inspection flights.

Every flight comes together in Scout Portal, ScoutDI's cloud platform. Each inspection produces a 3D scan of the space, not just images and video. Inspectors can follow a flight live from anywhere, then walk through the structure in 3D, with every finding and thickness reading pinned to its exact location. Results and 3D scans can be shared securely with asset owners and contractors, and reports are generated directly from the data. For operators offshore West Africa, this means inspection data captured on the FPSO can be reviewed by engineers and specialists anywhere in the world, without sending them offshore.

On October 7, 2026, Beam Global announced that it had entered into a definitive agreement to acquire ScoutDI. Closing of the transaction is expected to take place early in November and is subject to customary closing conditions. See Beam Global’s press release and Form 8-K dated October 7, 2026, for further details.