MIAMI BEACH, Fla., Feb. 8, 2011 (GLOBE NEWSWIRE) -- Car Charging Group Inc. (OTCBB:CCGI), a provider of electric vehicle (EV) charging services with the mission to own and build-out a nationwide network of EV charging stations, announced that it has completed the installation of charging stations at Aventura Mall, South Florida's largest super regional mall and one of the largest shopping centers in the United States. The charging stations are for public use by shoppers and are located in the Nordstrom and Bloomingdale's parking garages.
"Car Charging Group is helping prepare for the age of the mass market electric vehicle," said Michael D. Farkas, CEO of Car Charging Group. "The mainstreaming of electric cars is getting a boost from U.S. utilities pledging to increase their capacity to expand the use of plug-in electric vehicles. In addition, the Obama Administration has committed billions of dollars to the proposition that electric cars will become a meaningful segment of the U.S. auto market. The first customers for the Chevrolet Volt and Nissan LEAF are taking delivery now of the first EVs with numerous models in the works from automotive giants like Audi, Mercedes, Porsche, BMW, Ford, Toyota and Honda as well as small EV start-ups like Fisker and Tesla."
"We signed an agreement with Car Charging Group only three months ago and were impressed that the installation process was so effortless and quick. Within six days the installation was complete, and shoppers are now able to charge their EVs while spending time at one of their favorite destinations," said Oscar Pacheco, General Manager of Aventura Mall. "We're pleased with customer reaction and look forward to installing more stations as needed."
The stations are 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 stations are networked so EV drivers can find vacant stations via Google Maps on a smart phone or receive a text message when the vehicle is fully charged.
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.
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 www.aventuramall.com 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: Joanne Kaniewski One University Plaza, Suite 507 Hackensack, New Jersey 07601 jkaniewski@beckermanpr.com 201.465.8019 fax: 201.649.1081 Investor Relations 305-521-0150
