CarCharging(TM) to Provide Electric Vehicle Charging Services
CarCharging(TM) to Provide Electric Vehicle Charging Services at Fairmont Plaza in San Jose, CA
CarCharging and Forest City Continue to Expand Partnership by Offering "Green" Amenity in Downtown San Jose
MIAMI BEACH, FL -- (Marketwire) -- 11/06/12 -- Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging"), a nationwide provider of convenient electric vehicle (EV) charging services, through its partnership with Forest City Enterprises, Inc., now provides EV charging services at Fairmont Plaza in San Jose, CA. CarCharging's EV charging services are now available in the parking garage of the office building located at 50 San Fernando Street in San Jose.
The Fairmont Plaza is conveniently located in Downtown San Jose and is adjacent to the Fairmont Hotel. The parking garage offers over 500 parking spaces beneath the office building and provides access to numerous downtown attractions, such as the San Jose Repertory Theatre, Johnny Rockets, Pinnacle Fitness, Tech Museum of Innovation, and San Jose Museum of Art. The parking garage is open 24 hours/day, 7 days/week, and is monitored by security patrols.
"Given its downtown location, we believe that offering electric vehicle charging services to Fairmont Plaza is an attractive amenity," said Michael D. Farkas, CEO of CarCharging. "Forest City continues to add value to their properties and we are proud to provide the service in partnership with them."
CarCharging's services utilize EV charging stations manufactured by ChargePoint(R), known as Level II, which provide 240 volts with 32 amps of power to quickly refuel an electric vehicle's battery. EV drivers can easily request a CarCharging card online, and attach the small card to their keychain to initiate use and payment at any intelligent CarCharging station. The CarCharging RFID card also allows drivers to use charging locations on the ChargePoint(R) Network, the largest national online network connecting EV drivers to EV charging stations. CarCharging also accepts direct payment via credit card.
Users can pinpoint EV charging station locations using the CarCharging map at http://www.CarCharging.com/. The ChargePoint(R) mobile application for the iPhone, Android, and Blackberry phones also provides real-time charging station location information with turn-by-turn directions. Drivers will soon be able to reserve a time slot, guaranteeing access to EV charging stations to recharge their electric vehicle.
About Car Charging Group, Inc. Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public EV charging services, enabling drivers to easily recharge anytime, anywhere throughout the United States. CarCharging provides a comprehensive turnkey electric vehicle charging service to commercial and residential property owners. Employing the most advanced technology, CarCharging is committed to creating a robust, feature-rich network for EV charging.
Headquartered in Miami Beach, FL with offices in San Jose, CA and Barcelona, Spain, CarCharging's business model is designed to accelerate the adoption of public EV charging services. CarCharging pays for all installation, maintenance and related services; therefore, eliminating capital costs for property owners.
CarCharging has more than 40 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 Ace Parking, Central Parking, Equity One, Equity Residential, Icon Parking, Rapid Parking, Related, USA Parking, Walgreens, the Pennsylvania Department of Environmental Protection, the City of Miami Beach, Florida, the City of Hollywood, Florida and the City of Norwalk, Connecticut that manage or own a total of 6.5 million parking spaces.
For more information about CarCharging, please visit www.CarCharging.com.
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.
Investor Relations and Media Contacts:
CarCharging Media Contact: Suzanne Tamargo Suzanne@CarCharging.com (305) 521-0200 x 214
CarCharging Investor Relations: Constellation Asset Advisors, Inc. www.ConstellationAA.com (415) 524-8500