MIAMI BEACH, Fla. and AVENTURA, Fla., Dec. 2, 2010 (GLOBE NEWSWIRE) -- Car Charging Group Inc. (OTCBB:CCGI), an owner and provider of electric vehicle (EV) charging stations with the mission to build-out a nationwide infrastructure, announced that it plans to install EV charging stations at Aventura Mall, South Florida's largest super regional mall and one of the largest shopping centers in the United States. The 2.7 million square-foot multi-level mall is home to 300 stores, 10 restaurants, a 24-screen movie theater, and Rainbow Valley, an artist-designed interactive playground.
EV charging stations will be installed and available for public use in the Nordstrom and Bloomingdale's garages. Car Charging Group expects to have the installation completed by the end of the year. Aventura Mall includes more than 9,400 parking spaces for its customers.
"You shouldn't have to cease your daily activities in order to recharge your car. If the Chevrolet Volt, Nissan LEAF and other mainstream electric vehicles coming to market this year are to be widely adopted, car charging must be integrated with the driver's everyday schedule with robust access to a network of chargers where you eat, shop, play and work," said Michael D. Farkas, CEO of Car Charging Group.
Car Charging Group will install Level II, 240 volt ChargePoint® Networked Charging Stations for EVs which are manufactured by Coulomb Technologies. The 7.2 kW output delivers Level II (208/240 V @ 30 A) charging via the standard SAE J1772™ connector and fixed 18-foot cable. The 2 kW output delivers Level I (120 V @ 16 A) charging via a standard NEMA 5-20 receptacle protected behind a locking door. Both outputs can deliver energy simultaneously.
"The electric vehicle charging stations being installed will do a lot more than just juice up your car while you get your shopping fix," said Oscar Pacheco, General Manager of Aventura Mall. "These stations are actually networked, so they can send you a text message when your car is fully charged or enable you to find a vacant charging station via Google maps on a smart phone."
Through the aid of government tax incentives, subsidies, loan guarantees and grants, Car Charging provides EV charging stations at no charge to property owners/managers while retaining ownership, thus allowing drivers access to convenient locations and partners to realize a percentage of the charging revenue generated.
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 and parking garages.
An estimated 40 million plug-in electric vehicles, such as the Nissan Leaf, GM Chevy Volt, Fisker Karma, Tesla Model S as well as many others, are expected to be on the road by 2030. Car Charging Group and other companies in the EV industry realize the need to establish charging station networks throughout the transportation infrastructure to provide easy access to energy everywhere drivers live and work. 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 .
About Aventura Mall
South Florida's #1 shopping destination among international visitors, Aventura Mall ranks as one of the top five highest grossing malls in the country in sales per square foot. The 2.7 million square-foot multi-level mall is home to Nordstrom, Bloomingdale's, Macy's, Macy's Men's Home Furniture, JC Penney and Sears, 300 stores and 10 restaurants, a 24-screen movie theater, and an artist-designed interactive playground, Rainbow Valley. Located at 19501 Biscayne Boulevard, the mall is open Monday through Saturday, 10 a.m. to 9:30 p.m., and Sunday, Noon to 8 p.m. For additional information, visit or call 305-935-1110.
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 changed.
CONTACT: Beckerman PR Joanne Kaniewski 201.465.8019 fax: 201.649.1081 jkaniewski@beckermanpr.com One University Plaza, Suite 507 Hackensack, New Jersey 07601 Car Charging Group, Inc. Investor Relations 305-521-0150