New AeroVironment Electric Vehicle Dealer Program Makes it Easy to Bundle Home Charger, Installation, and Warranty with Car

  New AeroVironment Electric Vehicle Dealer Program Makes it Easy to Bundle
  Home Charger, Installation, and Warranty with Car Purchase

  *Now consumers can seamlessly finance home charger and installation with
    electric vehicle (EV) purchases in a single transaction
  *Finance and Insurance (F&I)-friendly packages present opportunities for
    dealers to improve their EV Customer Satisfaction index
  *AeroVironment’s home charger reduces charging time by more than half to
    120 Volt Level 1 plug-in that comes standard with most EVs

NADA 2013

Business Wire

MONROVIA, Calif. -- February 7, 2013

AeroVironment, Inc. (NASDAQ: AVAV) today launched a dealer program that
provides turnkey residential charging packages to consumers purchasing new
electric vehicles (EVs) or plug-in hybrids (PHEVs) and allows them to finance
the charger in combination with the vehicle at the time of sale. The program,
which is the first of its kind, makes dealerships one-stop-shops for EV
drivers and expands dealers’ F&I product offerings.

AeroVironment is exhibiting the program at the National Automotive Dealers
Association Convention and Expo in Orlando, Florida (Booth #3953) this week.

EVs and PHEVs typically come equipped with a Level 1 120 Volt charger. Through
AeroVironment’s dealer program, new owners can now purchase an EVSE-RS Level 2
240 Volt residential charging station that reduces charge time by more than
half, from up to 22 hours to between 3 and 8 hours.

“AeroVironment has decades of experience providing complete charging solutions
that support the practical transition to electric vehicles,” said Wahid
Nawabi, AeroVironment senior vice president and general manager of its
Efficient Energy Systems business segment. “With our new dealer program,
AeroVironment is putting the second half of the EV equation – the home charger
– at the vehicle’s point of sale. This makes it easier for drivers to
purchase, and for dealers to participate more actively in the evolution toward
clean, electric transportation.”

Dealers can offer various warranty options that match the financing terms of
the vehicle. Chargers bought through the dealer program are installed by a
licensed electrician certified in EV charging installation. If needed,
AeroVironment also provides at-home, in-person support.

To ensure dealers and consumers realize the maximum value from the new
program, AeroVironment provides dealers with one-on-one and online training to
familiarize them with it. AeroVironment provides dealers with
point-of-purchase marketing support including home charging displays, window
stickers and consumer brochures. The company also offers both Level 2 and DC
“fast” charging stations for use in dealer service bays and customer parking
areas.

“AeroVironment offers state-of-the-art products and our customers have been
extremely satisfied with the service,” said James Azzaro, commercial vehicle
sales manager at John Howard Motors in Morgantown, WV. “The AeroVironment
dealer program provides a complete, seamless experience for our customers. Not
only does it make us a one-stop-shop, but it also guarantees support for our
customers from a company that cares.”

Dealers attending the NADA conference in Orlando, Fla. can learn more by
visiting AeroVironment at booth #3953 or by attending its cocktail reception
February 9, 2013, from 5:30 p.m. to 8:00 p.m. at The Peabody Hotel. To sign up
for the dealer program, contact AeroVironment at 888-499-8759 or email
dealers@avinc.com.

AeroVironment is the preferred home charging supplier of the Nissan LEAF®, BMW
ActiveE, and Mitsubishi i-MiEV. The company’s broad line of home charging
systems includes the standard Level 2 home charging system and a
do-it-yourself wall-mounted “plug-in” unit that is available for dealer stock.
More information on AeroVironment’s EV charging solutions can be found at
www.evsolutions.com.

About AeroVironment, Inc.
AeroVironment is a technology solutions provider that designs, develops,
produces, operates and supports an advanced portfolio of electric
transportation solutions and electric-powered Unmanned Aircraft Systems (UAS).
AeroVironment’s comprehensive EV charging solutions include EV home charging,
public charging, fast charging, data collection, grid-integrated
communications and complete installation, training and support services for
consumers, automakers, utilities, government agencies and businesses.
AeroVironment’s industrial electric vehicle charging systems support thousands
of electric materials handling vehicles in mission-critical supply chains for
Fortune 500 enterprises. AeroVironment’s power cycling and test systems
provide EV developers and EV battery manufacturers with market-leading
simulation and cycling capabilities. Agencies of the U.S. Department of
Defense and allied military services use the company’s electric-powered,
hand-launched unmanned aircraft systems to provide situational awareness to
tactical operating units through real-time, airborne reconnaissance,
surveillance and communication. More information is available at www.avinc.com
and www.evsolutions.com.

Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking
statements" as that term is defined in the Private Securities Litigation
Reform Act of 1995. These statements are made on the basis of current
expectations, forecasts and assumptions that involve risks and uncertainties,
including, but not limited to, economic, competitive, governmental and
technological factors outside of our control, that may cause our business,
strategy or actual results to differ materially from those expressed or
implied. Factors that could cause actual results to differ materially from the
forward-looking statements include, but are not limited to; the activities of
competitors; failure of the markets in which we operate to grow; failure to
expand into new markets; failure to develop new products or integrate new
technology with current products; and general economic and business conditions
in the United States and elsewhere in the world. For a further list and
description of such risks and uncertainties, see the reports we file with the
Securities and Exchange Commission. We do not intend, and undertake no
obligation, to update any forward-looking statements, whether as a result of
new information, future events or otherwise.

Additional AeroVironment News: http://avinc.com/resources/news/
AeroVironment Media Gallery: http://avinc.com/media_gallery/ev_charging/
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Contact:

AeroVironment, Inc.
Steven Gitlin, +1-626-357-9983
pr@avinc.com
or
For AeroVironment, Inc.
Anne Leverdier/Lauren Karasek
+1-310-482-4280
Anne.Leverdier@fleishman.com
Lauren.karasek@fleishman.com
 
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