Showing posts with label CCGI. Show all posts
Showing posts with label CCGI. Show all posts

Friday, March 2, 2012

Car Charging Group (OTCBB: CCGI) Expands Electric Car Charging Services in California

Car Charging Group (OTCBB: CCGI) Expands Electric Car Charging Services in CaliforniaAustin, Tx 3/2/12 (StreetBeat) -- Car Charging Group, Inc. (OTCBB:CCGI), a nationwide provider of convenient electric vehicle (EV) charging services, today announced it has expanded its EV charging network in Northern California. The Company has partnered with Ace Parking Management, Inc., one of North America's largest privately-owned parking management companies, to offer EV charging services at the following Ace facilities:

Anchorage Garage, 500 Beach Street, San Francisco, 94133
Mt. Diablo Plaza, 2185 North California Blvd., Walnut Creek, 94596
The Orrick Building, 405 Howard Street, San Francisco, 94105
YMCA Garage, 2353 Webster Street, Oakland, 94612

"California leads the nation in providing EV charging services, with more charging stations than any other state and almost 90,000 electric and hybrid vehicles on the road according to the California Department of Motor Vehicles," said Michael D. Farkas, Chief Executive Officer of Car Charging Group, Inc. "We believe that expanding our EV charging services in California is a necessity as the number of EV drivers continues to increase in the state. We are pleased to have a partner like Ace that supports green transportation initiatives."

"Ace is firmly committed to the EV movement and further reducing the carbon footprint," said Matt Griesheimer, Vice President of Ace Parking Management, Inc. "We have already installed several charging stations in our headquarters city of San Diego, as well as at select facilities in Houston and Phoenix and have more installations planned. We encourage other businesses to support electric-powered transportation which benefits both the environment and economy."

Car Charging Group has installed Level II, 240-volt, EV charging stations, manufactured by Coulomb Technologies, the leading EV charging solutions company. The EV charging stations (EVSE) have SAE J1772TM connectors, which is the North American standard for all vehicles on the road, and the stations are part of the ChargePoint(R) Network, the largest network of independently owned charging stations in the world. CCGI will offer charging services to EV drivers, including flexible payment options, the ability to make reservations, and tracking of 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. Ownership of the EV charging stations will remain with CCGI, but Ace will share in the proceeds generated by the charging services provided at their properties.

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Monday, March 28, 2011

Virginia Presence for Car Charging Group (OTC:CCGI)

Virginia Presence for Car Charging Group (OTC:CCGI)Car Charging Group Inc. (OTC:CCGI) today announced, in a press release, that it has signed a deal with SJTS Developers LLC to provide electric vehicle (EV) charging services at the Ramada Inn, located at 21 Signal Knob Drive in Strasburg, Virginia. This deal marks Car Charging Group's first entry into the Virginia market and its first installation agreement in the hospitality industry. As I write, shares of Car Charging Group were down 12 percent at $2.55 per share on very light volume of 2,465 shares compared to its average daily volume of 4,603 shares. The company has a 52-week range between $1.55 and $75.00 per share.

"With recent announcements from Hertz, Enterprise and other car rental companies that they will start renting out electric vehicles, it is important that travelers have a place to recharge them," said Jerry King, owner of SJTS Developers.

"More than 20 electric vehicle models, including the Chevrolet Volt, made by GM, and the Nissan LEAF are beginning to hit the U.S. market," said Michael D. Farkas, Chief Executive Officer of Car Charging Group. "Creating the robust EV infrastructure necessary to support these cars takes commitment and from numerous parties and we feel that hospitality and travel industries will play an integral role and are pleased SJTS has chosen to partner with us on this installation."

Car Charging Group, Inc. is based in Miami, Florida. The Company's website can be viewed at www.CarCharging.com.

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