Car Charging Group and Union Station Parking Garage Celebrate New EV Charging Stations in Washington, D.C.
"Plug-In" Ceremony to Take Place June 30th
MIAMI BEACH, Fla. and WASHINGTON, June 28, 2011 (GLOBE NEWSWIRE) -- Car Charging Group, Inc. (OTCBB:CCGI), a provider of electric vehicle (EV) charging services, and the Union Station Parking Garage will conduct an EV "plug-in" ceremony on Thursday, June 30th at 11 a.m. to celebrate the installation of EV charging stations in the Union Station Parking Garage. The event will take place on Level 1 of the parking garage. Following a car charging demonstration attendees will have the opportunity to conduct their own EV test drives.
Car Charging Group installed Level II ChargePoint® Networked Charging Station, manufactured by Coulomb Technologies, for EVs at the Union Station Parking Garage located at 30 Massachusetts Ave. NE. The garage is managed by USPG LLC, a collaboration of Colonial Parking Inc. and Epark of Washington, D.C., two of the leaders in parking in the D.C. area. Andrew C. Blair, Chairman of USPG had this reaction to the installation of the car charging stations, "We are thrilled that our garage has been chosen for this visionary project. It shows that the parking of vehicles can be consistent with energy conservation." The new charging stations constitute only the fourth public EV charging facility in the D.C. area.
"We are excited to celebrate the installation of these charging stations," said Michael D. Farkas, chief executive officer of the Miami Beach, Fla.-based Car Charging Group. "President Obama has made it a goal to have 1 million electric vehicles on our roads by 2015. These stations, a mere stone's throw from the Capitol, represent our commitment to ensuring that the President's goal is achieved."
Car Charging Group will use an EV for the demonstration and test drives. The two models were recently purchased for the federal fleet as part of a federal initiative to adopt advanced vehicle technologies.
About Car Charging Group, Inc.
Car Charging Group, Inc. is an owner and provider of electric vehicle (EV) charging stations with the mission to establish 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 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 looking to expand its operations internationally.
Car Charging Group, Inc. is based in Miami, Fla. The company's website can be viewed at www.CarCharging.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.
CONTACT: Press Contact: Jason Heller One University Plaza, Suite 507 Hackensack, New Jersey 07601 jheller@beckermanpr.com tel: 201.465.8030 fax: 201.649.1193 Investor Relations 305-521-0150Source: Car Charging Group, Inc.