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Car Charging Group and City of Norwalk Parking Authority Open First EV Charging Station in Fairfield County, CT(January 31, 2011)
MIAMI BEACH, Fla. and NORWALK, Conn., Jan. 31, 2011 (GLOBE NEWSWIRE) -- Car Charging Group Inc. (OTCBB:CCGI), a provider of electric vehicle (EV) charging services, and the Norwalk Parking Authority will officially celebrate the opening of the first EV charging stations in a municipal parking area in Fairfield County, Connecticut at a ribbon-cutting event on Monday, January 31st at 3:30pm. The event will take place at the eastbound side of the South Norwalk Train Station. Car Charging Group will also be installing EV charging stations for public use in The Maritime Garage and the Yankee Doodle Garage in Norwalk.
"Following Connecticut Governor M. Jodi Rell's creation of the Electric Vehicles Infrastructure Council, we began to recognize the importance of preparing Norwalk for the necessary adjustments needed for electric vehicles," said Mayor Richard Moccia. "We are pleased to offer Norwalk citizens the opportunity to charge their EVs in our public parking areas while we move towards becoming a greener city."
Car Charging Group, whose mission is to own and build-out a nationwide network of EV charging stations, installed 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.
"Connecticut was chosen as one of the seven markets where Chevrolet is launching their electric vehicle the Volt. In addition, Nissan announced more than 20,000 nationwide reservations for the LEAF and Ford just announced an all-electric Focus to be released later this year," said Car Charging Group CEO Michael D. Farkas. "These mass-produced, all-electric vehicles are hitting our roads now and we're working with forward-thinking businesses, property owners and municipalities to build out the necessary infrastructure to support their arrival and mass adoption," added Brian Golomb, Car Charging Group Director of Sales.
The Norwalk Parking Authority, an enterprise fund, is responsible for the operations and maintenance of the city's municipal parking system, consisting of four parking structures, six surface lots and on-street parking. The car chargers are part of the Norwalk Parking Authority's commitment to making operations more sustainable. Other recent green initiatives include the installation of solar powered pay stations, environmentally friendly lighting at all Norwalk Parking Authority garages and the use of a T3 scooter for security at the South Norwalk railroad station which costs only 10 cents per day with little or no maintenance compared to using a gas truck.
"The core of our mission is to meet the parking needs of businesses, residents and visitors. With the arrival of these EV charging stations, the Norwalk Parking Authority is preparing to meet their evolving needs, while requiring no capital outlay from the Authority or City of Norwalk," says John Federici, Chairman of the Norwalk Parking Authority.
Car Charging Group 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.
All ChargePoint networked EV charging stations 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 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.
Car Charging Group, Inc. is based in Miami, Florida. The Company's website can be viewed at www.carcharging.com.
About The Norwalk Parking Authority
The Norwalk Parking Authority is a financially self-sustaining organization responsible for the operation and maintenance of the municipal parking system in Norwalk. The Authority is committed to collaborating with community organizations while providing exceptional customer service to parking customers. The Norwalk Parking Authority can be reached at (203) 831-9063 or at the web site at www.norwalkpark.org.
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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