Thursday, July 14, 2011

Car Charging Group to Install Electric Vehicle Charging Stations for the City of West Palm Beach

{"s" : "ccgi.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Car Charging Group, Inc. On Tuesday May 31, 2011, 8:32 am EDT

MIAMI BEACH, Fla., May 31, 2011 (GLOBE NEWSWIRE) -- Car Charging Group Inc. (OTCBB:CCGI - News), a provider of electric vehicle (EV) charging services with the mission to own and build-out a nationwide network of EV charging stations, announced it has completed the installations of seven EV charging stations for the city of West Palm Beach, Fl.


"We're thrilled to be working with the city of West Palm Beach," said Car Charging Group CEO Michael D. Farkas. "As one of the first municipalities installing EV charging stations in the state of Florida, they clearly share our passion and understand the importance of installing a national infrastructure of EV charging stations."


Car Charging Group will install seven Level II, 240 volt, ChargePoint(R) Networked Charging stations for electric vehicles, manufactured by Coulomb Technologies, the leader in electric vehicle charging solutions.


The charging stations will be housed in the downtown West Palm Beach Clematis Street Garage, located at 500 Banyan Blvd. Five of the seven stations will be allocated for West Palm Beach official use, including Parking Administration and Code Enforcement departments, to provide charging support for five new 100 percent electric Nissan LEAF vehicles purchased by the city, expected to arrive in December of this year. Two stations at the Clematis Street Garage will be available free-of-charge to the public.


Both Nissan LEAFs and EV charging stations are funded through the United States Department of Energy's Energy Efficiency and Conservation Block Grant (EECBG) program, designed to assist cities in implementing strategies to reduce fossil fuel emissions and reduce energy use in the transportation, building and other sectors.


"We're very excited about installing these EV charging stations," said Penni Redford, the sustainability manager for the city of West Palm Beach. "By installing charging stations, we are positioning West Palm Beach as a green leader, while simultaneously bolstering our mission to promote West Palm Beach's thriving downtown business district."


The city plans on analyzing data recorded on the public charging stations' usage patterns. Data collection is enabled through the ChargePoint(R) Network management applications, which give station owners the ability to track and report energy usage and greenhouse gas savings. Through their analysis, the city will decide if and when to install additional charging stations.


About Car Charging Group, Inc.


Car Charging Group, Inc. is an owner and provider of electric vehicle (EV) charging stations with the mission to build-out a nationwide infrastructure, enabling EV and PHEV owners to charge their EVs anytime, anywhere. As part of its strategy, the Company owns, provides, installs and maintains electric vehicle charging units and works with its landowner partners to identify appropriate locations for its charging stations. The Company provides convenient, safe and affordable charging stations away from home in customer-friendly public locations, including municipalities, shopping malls, parking garages, multi family residential and commercial properties.


An estimated 40 million plug-in electric vehicles, such as the Nissan LEAF, GM Chevrolet Volt, Fisker Karma, Tesla Model S, Ford Focus EV as well as many others, are expected to be on the road by 2030. Car Charging Group recognizes the need to establish a comprehensive network of charging stations that delivers easy, convenient access to drivers wherever they live, work and play. By investing at the forefront of the electric car revolution, Car Charging Group seeks to become the leading provider of electric car charging services. The Company launched its operations nationally in September of 2009 and is expanding its operations internationally.


Car Charging Group, Inc. is based in Miami, Florida. The Company's website can be viewed at www.CarCharging.com.


Forward-Looking Safe Harbor Statement:


This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changes.


 


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