MIAMI BEACH, Fla., March 28, 2011 (GLOBE NEWSWIRE) -- Car Charging Group Inc., (OTCBB:CCGI), announced it has signed a deal with SJTS Developers LLC to provide electric vehicle (EV) charging services at the Ramada Inn, located at 21 Signal Knob Drive in Strasburg, Virginia. This deal marks Car Charging Group's first entry into the Virginia market and its first installation agreement in the hospitality industry.
"With recent announcements from Hertz, Enterprise and other car rental companies that they will start renting out electric vehicles, it is important that travelers have a place to recharge them," said Jerry King, owner of SJTS Developers.
"More than 20 electric vehicle models, including the Chevrolet Volt, made by GM, and the Nissan LEAF are beginning to hit the U.S. market," said Michael D. Farkas, Chief Executive Officer of Car Charging Group. "Creating the robust EV infrastructure necessary to support these cars takes commitment and from numerous parties and we feel that hospitality and travel industries will play an integral role and are pleased SJTS has chosen to partner with us on this installation."
"Public charging has an important role to play in increasing public confidence about EVs. Knowing there are chargers at the mall, at work, at the movie theater — these things are very reassuring," said Jim Motavalli, veteran reporter covering the environmental side of the auto industry for more than a decade and regular contributor to the New York Times, in an article he authored on Car Charging Group for his "Plugged In" column on BNET ().
Car Charging Group forecasts nearly 1 million stations in the U.S. by 2015 -- including units from all makers, according to a recent article on the recent installation announcement with the Norwalk, Conn. Parking Authority on USA Today's "Drive On" blog. (.)
Car Charging Group, whose mission is to own and build-out a nationwide network of EV charging stations, will install Level II ChargePoint® Networked Charging Stations for EVs which are manufactured by Coulomb Technologies. The 7.2 kW output delivers Level II (208/240 VAC @ 30 A) charging via the standard SAE J1772™ connector and fixed 18-foot cable. The 2 kW output delivers Level I (120 VAC @ 16 A) charging via a standard NEMA 5-20 receptacle protected behind a locking door. Both outputs can deliver energy simultaneously.
All ChargePoint Networked Charging Stations for EVs are managed by the ChargePoint® Network and provide EV drivers the ability to locate and navigate to a charging station and to detect charging station availability from a smart phone iPhone or BlackBerry app or any browser from mychargepoint.net. The ChargePoint Network also facilitates EV trip mapping, driver billing, 24/7 driver assistance, and greenhouse gas and energy savings (kWh) measurement.
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 Electric Cars anytime, anywhere. As part of its strategy, the Company owns, provides, installs and maintains electric vehicle charging stations 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 .
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: Press Contact: Joanne Kaniewski One University Plaza, Suite 507 Hackensack, New Jersey 07601 firstname.lastname@example.org tel: 201.465.8019 fax: 201.649.1081 Investor Relations 305-521-0150