April 10, 2014
Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging"), a nationwide provider of electric vehicle (EV) charging services, announced that through its partnership with City Park, the company has expanded the availability of EV charging services at City Park's Museum of Modern Art (MOMA) Garage. The property is located at 147 Minna Street in San Francisco, California.
The MOMA Garage is centrally located in downtown San Francisco between 3rd Street and New Montgomery Street, and provides easy access to SFMOMA and the Moscone Center. The property is also within walking distance of fine dining and shopping, as well as San Francisco's Financial District and the Embarcadero.
CarCharging originally deployed EV charging services at the MOMA Garage in 2013 and over the past year, the demand for EV fueling has continued to expand. The charging stations have been consistently utilized, which demonstrates the need for additional public EV charging infrastructure.
"With the strength of the EV market in California and its prime location in the center of San Francisco's financial district, it's not a surprise that the demand for the EV charging services at MOMA Garage has grown," said Michael D. Farkas, CEO of CarCharging. "With recent articles discussing the waiting times at EV charging locations, we appreciate the support of our partners, such as City Park and their client Wilson Meany, in assisting us in meeting the needs of the EV drivers in the area."
"At City Park, we are dedicated to making a positive impact on the environment and we see EV charging stations as one of the amenities that benefits our customers, our clients, their tenants and guests, and our community as a whole," said Spencer Sechler, Director of Marketing at City Park. "As a company who relies on passenger vehicles to generate our revenues, we are committed to help provide "green" alternatives to fossil based fuels. In fact, our own CEO drives a 100% electric vehicle."
The EV charging services for the MOMA Garage are provided by Level II EV charging stations, which provide 240 volts with 32 amps of power to quickly recharge an electric vehicle's battery. The additional charging services are located next to the original EV charging station on the street level of the parking facility. To initiate use and payment at this location, EV drivers can easily request CarCharging's evCharge card online, and attach the small card to their keychain. CarCharging's EV charging stations also accept direct payment via credit card.
Users can pinpoint additional EV charging station locations using the maps at www.CarCharging.com and www.BlinkNetwork.com.
About Car Charging Group, Inc.
Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public electric vehicle (EV) charging services, enabling EV drivers to easily recharge at locations throughout the United States. Headquartered in Miami Beach, FL with offices in San Francisco, CA; New York, NY; and Phoenix, AZ; CarCharging's business model is designed to accelerate the adoption of public EV charging.
CarCharging offers various options to commercial and residential property owners for EV charging services. Our typical business model provides a comprehensive turnkey program where CarCharging owns and operates the EV charging equipment; manages the installation, maintenance, and related services; and shares a portion of the EV charging revenue with the property owner. Alternatively, property partners can share in the equipment and installation expenses with CarCharging operating and managing the EV charging stations and providing network connectivity. For properties interested in purchasing and owning EV charging stations, CarCharging can also provide EV charging hardware, site recommendations, connection to the Blink Network, and management and maintenance services.
Through its subsidiary, Blink Network, CarCharging also provides residential EV charging solutions for single-family homes. For more information, please visit www.BlinkHQ.com.
CarCharging has strategic partnerships across multiple business sectors including multi-family residential and commercial properties, parking garages, shopping malls, retail parking, and municipalities. CarCharging's partners include, but are not limited to Walgreens, IKEA, Wal-Mart, Simon Property Group, Equity One, Equity Residential, Forest City, Cinemark USA, Fox Studios, Facebook, PayPal, Kimpton Hotels and Restaurants, Mayo Clinic, San Diego Padres, University of Pennsylvania, Ace Parking, Central/USA Parking, Icon Parking, Rapid Parking, Parking Concepts, CVS, Related Management, Pennsylvania Turnpike Commission, Pennsylvania Department of Environmental Protection, City of Phoenix (AZ), City of Philadelphia (PA), and City of Miami Beach (FL).
CarCharging is committed to creating a robust, feature-rich network for EV charging and is hardware agnostic. CarCharging's owns the Blink network, and owns and operates EV charging equipment manufactured by Blink, Aerovironment, ChargePoint, General Electric, Nissan, and SemaConnect. CarCharging's Level II charging stations are compatible with EVs sold in the United States including the Tesla Model S, Nissan LEAF, Chevy Volt, Mitsubishi i-Miev, Toyota Prius Plug-In, Honda Fit EV, and Toyota Rav4 EV, as well as many others scheduled for release over the next few years.
For more information about CarCharging, please visit www.CarCharging.com, www.facebook.com/Car.Charging, or www.twitter.com/CarCharging.
About City Park
City Park is San Francisco's premier parking management company, serving more than 14,000 customers at over 80 different locations each day. Their reputation as the #1 local "boutique" parking operator has enabled City Park to continue to grow in its involvement in high profile parking projects in the San Francisco area, including; 5-Star Hotels, Class A Office Buildings, Remotely Managed (Unmanned) Garages, and Luxury Residential parking facilities.
As parking garage and lot owners themselves, City Park brings an owner's perspective and a "Modern Parking Model" that is unmatched in their market. They have developed a reputation for providing property owners/managers with modern management systems that deliver: Impressive economic results; "5 Star" Customer/Tenant service; State of the art technology enhancements; Marketing and Social Media programs that deliver; Fully transparent accountability, and The Smartest parking minds in the business.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. 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 conditions.
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