Car Charging Group Expands Electric Vehicle Charging Services Infrastructure in Florida
EV Charging Services Now Available at Brixmor Property Group Shopping Centers in Orlando and Sarasota
MIAMI BEACH, Fla., Jan. 17, 2012 (GLOBE NEWSWIRE) -- Car Charging Group, Inc. (OTCBB:CCGI), a provider of electric vehicle (EV) charging services, today announced it has expanded its EV charging infrastructure in Florida. EV charging services are now available at two of Brixmor Property Group's shopping malls located in Sarasota and Orlando.
EV drivers can now charge up at Sarasota Village, on Bee Ridge Road in Sarasota, as the EV charging services were added as part the center's redevelopment and opening of a new Publix grocery store. EV charging services are also now available at Pointe Orlando, located on International Drive across from the Orange County Convention Center. Car Charging Group is also working with Brixmor to offer convenient and accessible charging sites throughout the Brixmor portfolio. Charging will be free during an introductory time period.
"Brixmor Property Group is one of the leading real estate and property management companies in the U.S. and we are excited about partnering with the Company to provide their customers who drive EVs the added convenience of charging while they shop or work," said Michael D. Farkas, Chief Executive Officer of Car Charging Group, Inc. "For the majority of time, cars sit parked, so installing charging stations at shopping malls and retail outlets makes perfect sense. Additionally, Brixmor Property Group is supporting the promotion of the electric car market and a clean environment."
At both Brixmor properties, Car Charging Group is utilizing Level II, 240-volt, EV charging stations, manufactured by Coulomb Technologies, the leading EV charging solutions company. Brixmor customers now have access to the ChargePoint® Network, the largest network of independently owned charging stations in the world. Car Charging Group will provide flexible payment options, the ability to make reservations, and track customer usage patterns, energy use, costs and revenues, all via the ChargePoint Network's cloud-based software service plans for managing EV charging operations. Through the network, EV drivers benefit from ChargePoint mobile apps (iPhone, Blackberry and Android), mapping services and driver support services.
"We are pleased to bring the added convenience of EV charging stations to our centers for our customers and passers-by. Having the EV charging stations accessible, will allow our customers to recharge while they shop. This is a clean and green energy alternative, adding value to our centers and the retailers at our centers, as we cater to the EV transportation fueling options," said Timothy J. Bruce, Executive Vice President, Leasing and Redevelopment, Brixmor Property Group.
About Car Charging Group, Inc.:
Car Charging Group, Inc. (OTCBB:CCGI), headquartered in Miami, Florida, is the pioneer and one of the nation's fastest growing providers of EV charging services. Our ultimate mission is to establish a nationwide infrastructure, enabling EV and Plug-in Hybrid Electric Vehicle (PHEV) owners to charge their EVs anytime, anywhere in North America and ultimately Europe and Asia. Our strategy is to be a "first in" strategic partner with businesses, municipalities, shopping malls, parking garages, multi-family residential and commercial properties, and others who are expected to have high numbers of EVs at their locations. After strategically assessing the most suitable and visible locations with our facility partners, we install and maintain the EV charging stations at no cost to our partners. Our partners benefit by sharing in the revenue generated from the EV charging stations while enhancing green initiatives throughout their business operations. Since we launched operations in 2009, we have developed contractual relationships with 30 leading partners that own more than 6.4 million parking spots. More than one 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 in the U.S. by 2015 with estimates calling for more than 40 million on the road worldwide in 2030. For more information about Car Charging Group, Inc., please visit www.CarCharging.com.
About Brixmor Property Group:
Brixmor is the second largest owner of community and neighborhood shopping centers in the US and has been a leader in redevelopment over the last decade. Brixmor was selected as one of Chain Store Age's Top Redevelopers for work completed during 2010/2011. The Company actively manages a national portfolio of more than 620 properties, aggregating 96.0 million square feet, which are strategically located across 39 states and primarily anchored by grocers or leading discounters. Brixmor is the largest landlord (by gross leasable area) to The TJX Companies, The Kroger Company, Ahold USA, Dollar Tree, Inc. and Staples, Inc. The Company is headquartered in New York, New York with multi-disciplinary, full service regional and local offices across the country. Further information is available at www.brixmor.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: Investor Relations and Media Contact: For Car Charging Group, Inc. Kevin S. Inda Corporate Communications, Inc. (CCI) kevin.inda@cci-ir.com 407-566-1180Source: Car Charging Group, Inc.