April 23, 2014
Car Charging Group, Inc. (CarCharging) (OTCQB: CCGI), the largest owner and operator of electric vehicle (EV) charging services, announced that drivers along the Pennsylvania Turnpike can now recharge their electric cars at the service plazas located in Bowmansville and King of Prussia. The Bowmansville Service Plaza is located eastbound at milepost 290 in Lancaster County and the King of Prussia Service Plaza is located at milepost 328 in Montgomery County.
The EV charging services provided at the Turnpike Service Plazas are made possible through a partnership between the Pennsylvania Turnpike Commission (PTC) and the Department of Environmental Protection (DEP). The DEP awarded a $1 million Alternative Fuel Investment Grant to CarCharging to help stimulate the electric car market in the commonwealth.
"We are delighted to partner with the PTC and DEP to offer EV charging services to travelers along the PA turnpike," said Michael D. Farkas, Chief Executive Officer of CarCharging. "CarCharging has served as a pioneer in providing public EV charging services and we are proud to support EV drivers with new and accessible locations as they travel throughout Pennsylvania."
"Gov. Corbett has consistently advocated for a true, 'all-of-the-above' energy policy; certainly, Pennsylvania has the resources and expertise to lead an American energy revolution," says DEP Secretary E. Christopher Abbruzo. "This commitment to EV charging stations at Turnpike service plazas is further proof that good business practices and environmental stewardship are not mutually exclusive."
"Within the next two weeks, charging services will expand to two additional plazas: Oakmont in Allegheny County and New Stanton in Westmoreland County," says Turnpike COO Craig Shuey. "Eventually, the plan is to offer EV charging at all 17 service plazas that dot the Pennsylvania Turnpike system."
The EV charging stations at the Bowmansville and King of Prussia Turnpike Service Plazas are Blink Level II chargers, which provide 240 volts with 32 amps of power to quickly recharge an EV's battery. To initiate and pay for the charging session, EV drivers can easily request a Blink InCard at www.BlinkNetwork.com. CarCharging's EV charging stations also accept direct payment via credit card.
About Pennsylvania Turnpike Commission
The Pennsylvania Turnpike operates and maintains more than 550 miles of toll roads in the state. It oversees 62 fare-collection facilities, 17 operational service plazas (one is temporarily closed for renovations) and 22 maintenance facilities. To learn more, visit www.paturnpike.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 Jose, 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 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.
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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