MIAMI BEACH, Fla., April 14, 2011 (GLOBE NEWSWIRE) -- Car Charging Group, Inc. (OTCBB:CCGI), an electric vehicle charging service provider, today announced that the Simon Property Group, Inc. (NYSE:SPG), the largest real estate company in the U.S., has selected CCGI to provide ChargePoint® EV charging services at the Florida Mall. The Florida Mall is Central Florida's largest retail shopping center, with more than 260 stores. The Florida Mall charging station installation further extends CCGI EV charging services throughout Central Florida.
EV drivers can now access the easy-to-use unique services of the ChargePoint Network including: real-time status and location of unoccupied charging stations, tracking and reporting of greenhouse gas and gasoline savings, and charging status notification, all by SMS, email or smart phone (iPhone and Blackberry) applications. The ChargePoint Network is open to all drivers of plug-in vehicles.
"We are honored to be partnering with the country's largest owner, developer and manager of high quality real estate," said Car Charging Group CEO Michael D. Farkas. "Our partnership allows us to continue to build a solid EV charging infrastructure of conveniently located chargers for EV drivers."
Car Charging Group, an owner and provider of electric vehicle charging stations manufactured by Coulomb Technologies, provides electric vehicle charging services at no cost to property owners, while retaining ownership. Drivers will have access to convenient charging locations, and partners obtain a percentage of the generated charging revenue. CCGI EV charging stations can be found on the ChargePoint Network by visiting www.mychargepoint.net.
About Car Charging Group, Inc.
Car Charging Group, Inc. is an owner and provider of 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 car 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 www.CarCharging.com.
About Simon Property Group
Simon Property Group, Inc. is an S&P 500 company and the largest real estate company in the U.S. The Company currently owns or has an interest in 392 retail real estate properties comprising 263 million square feet of gross leasable area in North America, Europe and Asia. Simon Property Group is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. The Company's common stock is publicly traded on the NYSE under the symbol SPG. For further information, visit the Simon Property Group website at www.Simon.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 changed.
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