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Car Charging Group, Inc. and King Airport Parking Partner to Provide Electric Vehicle Chargers to Travelers at Jacksonville International Airport(January 12, 2011)
MIAMI BEACH, Fla., Jan. 12, 2011 (GLOBE NEWSWIRE) -- Car Charging Group, Inc. (OTCBB:CCGI) today announced it has signed an agreement with King Airport Parking, LLC to install and maintain the first electric vehicle (EV) charging station in the Jacksonville area. Customers utilizing King Airport Parking's facility at 1771 Airport Road in Jacksonville, FL, near the Jacksonville International Airport, will have access to Level II, 240 volt ChargePoint® Networked Charging Stations, manufactured by Coulomb Technologies.
"As part of the developing smart grid, we will install Coulomb 'smart charging' stations – one of the most advanced and integrated way to charge EVs," said Michael D. Farkas, CEO of Car Charging Group. "Plus they are remotely operable, so travelers can use a free iPhone or BlackBerry App to start the charging session to best accommodate their travel plans."
With this strategic partnership, Car Charging Group has taken one step further towards its objective of developing and operating a full nationwide network of charging stations for electric vehicles in designated parking areas of public and private property, such as multi-family residential and commercial buildings, parking garages, shopping malls, municipalities, sporting venues and other convenient charging locations.
"Flying is stressful enough. The last thing our customers need to worry about is if their electric vehicle will be charged up and ready to drive upon their return," said Alex Sivar of King Airport Parking. "By installing EV charging stations at King Airport Parking, we are able to offer a value added service to our customers and allay these concerns for travelers utilizing Jacksonville International Airport."
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.
Car Charging provides EV charging stations at no charge to property owners/managers while retaining ownership, thus allowing drivers access to convenient locations and landowner 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, 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 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.
About King Airport Parking, LLC
At King Airport Parking we focus on providing our customers with the lowest rates on all our airport parking rates. We at King Airport Parking understand that traveling can strain the pocketbook, and have priced our parking rates to keep you within your budget.
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
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