eTec President to Discuss Next Steps in the Largest EV Infrastructure Project in US History
The EV Project will takean important step forward today as the zero-emission Nissan LEAF makes its North American debut in San Diego, California.
ECOtality, Inc. (OTCBB: ETLY), a leader in clean electric transportation and storage technologies, is the lead grantee for The EV Project, having received an award of nearly $100 million in stimulus dollars from the U.S. Department of Energy for the largest electric vehicle infrastructure project ever undertaken in this country. San Diego is one of 11 cities in five states (California, Washington, Oregon, Arizona and Tennessee) where The EV Project will pilot a robust public charging system.
Today, Don Karner, President of eTec – a wholly-owned subsidiary of ECOtality – will join representatives of San Diego Gas & Electric, the City of San Diego, and the San Diego Association of Governments (SANDAG), at a news conference that will give the public a first glimpse of the vehicle itself, as well as insight into how the charge infrastructure will be deployed.
"Our goal is to make charging a seamless part of the electric vehicle consumer experience," said Mr. Karner. "As an EV owner, you will certainly charge at home, but you will also be able to fast-charge when you pick up groceries or stop for a cup of coffee."
By 2011, there will be about 1,000 EV drivers in each test market. Mr. Karner anticipates that in the San Diego area there will ultimately be roughly 1,400 public chargers to allow drivers to extend their range. The LEAF will travel about 100 miles before there is a need to recharge.
Mr. Karner added, "We believe electric vehicles are an important part of the work we need to do to address climate change. A broad infrastructure that supports EVs is key to their long-term acceptance. We applaud President Obama's leadership in this arena, and are privileged to work with our project partners to meet this significant challenge."
Details for the news conference are as follows:
| Date: | Â | Â | Â | Thursday, November 19, 2009 |
| Time: | 11:00 a.m. PT | |||
| Location: | San Diego Gas & Electric | |||
| 8330 Century Park Court | ||||
| San Diego, CA 92123 | ||||
| Media RSVP: | Allison Zaragoza | |||
| Sempra Energy | ||||
| (619) 696-2139 |
For more information about The EV Project, please visit http://www.theevproject.com/.
About ECOtality, Inc.
ECOtality, Inc. (OTCBB:ETLY), headquartered in Scottsdale, Arizona, is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels. For more information about ECOtality, Inc., please visit www.ecotality.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
Contacts:
Press Contacts:
Jeanine L'Ecuyer
jeanine@zwpa.com
(602)
526-1335
or
Investor Relations:
Alliance Advisors
for ECOtality
Thomas Walsh
twalsh@allianceadvisors.net
(212)
398-3486
