CarCharging Selects DoubleBeam to Develop Mobile Payment Application for its
Nationwide Provider of Electric Car Charging Services to Provide Payment
Processing for EV Charging Directly from Mobile App
MIAMI BEACH, Fla., Feb. 8, 2013
MIAMI BEACH, Fla., Feb. 8, 2013 /PRNewswire/ --Car Charging Group, Inc.
(OTCQB: CCGI) ("CarCharging"), a nationwide provider of convenient electric
vehicle (EV) charging services, announced its selection of mobile retail
service provider, DoubleBeam, to develop its proprietary mobile application
("app"). CarCharging anticipates that its mobile app will provide EV drivers
with the ability to pay for their EV charging sessions directly from their
mobile phone and enable them to manage their participation in CarCharging's
For its mobile app, CarCharging intends to utilize DoubleBeam's white-labeled
mobile wallet service, which permits customers to pay for EV charging services
via electronic check, debit from their bank account, or by credit card;
thereby, streamlining payment processing and reducing fees. Users of the
mobile app will have the option to enter payment information for each
transaction, create an account and store payment information, or participate
in one of CarCharging's subscription plans. The plans will integrate
residential EV charging services, including single-family homes, and dedicated
multifamily and workplace parking spots, with public EV charging services.
"We are proud to partner with DoubleBeam in order to create our mobile app,"
said Michael D. Farkas, CEO of CarCharging. "In an effort to simplify the
payment process and expand our offerings, we plan to provide EV drivers with
the ability to manage charging at single-family homes; or dedicated parking
spaces at apartments, condos, and workplaces; and tie them into our public EV
charging through one universal app for a combined price."
"We are extremely excited to partner with CarCharging, a leader in the
dynamic, high-growth, electric car industry," added Ted Tekippe, CEO of
DoubleBeam. "We look forward to launching a mobile solution that delivers
real value to electric car drivers, while reducing operational costs for both
CarCharging and its customers."
It is anticipated that CarCharging's mobile application will operate basic
functions of residential charging equipment and be available for iPhone,
Android, Windows, and Blackberry phones. Additionally, CarCharging's customers
will be able to continue to utilize CarCharging's public charging locations on
the ChargePoint® network and find EV charging station locations using the
CarCharging map at www.CarCharging.com.
About Car Charging Group, Inc.
Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public
electric vehicle (EV) charging services at accessible and convenient
locations. Headquartered in Miami, Florida with offices in California, Canada,
and Spain, CarCharging is committed to creating a robust, feature-rich network
for EV charging. CarCharging typically pays for all hardware, installation,
maintenance and related services; therefore, eliminating initial capital costs
for all property owners.
CarCharging has more than 45 strategic partnerships across various business
sectors. CarCharging's partners manage or own a total of 6.5 million parking
spaces, and include, but are not limited to City Park, Ace Parking, Central
Parking, Equity One, Equity Residential, Walgreens, Pennsylvania Department of
Environmental Protection, City of Miami Beach, and the City of Norwalk,
Connecticut. CarCharging's services utilize EV charging stations manufactured
For more information about CarCharging, please visit www.CarCharging.com.
DoubleBeam provides white-labeled mobile retailing solutions for retailers,
including payment, data capture, and targeted marketing services. Through
e-checking and data capturing, DoubleBeam allows retailers to see huge savings
on transaction fees, increased marketing ROI and enriched customer engagement.
Additionally, because DoubleBeam operates in a secure cloud-based environment,
the solution is easily integrated into a retailers current POS system.
DoubleBeam is located in Pasadena, California.
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.
SOURCE Car Charging Group, Inc.
Contact: CarCharging Media, Suzanne Tamargo, Suzanne@CarCharging.com, (305)
521-0200 x 214, or DoubleBeam Media, Ted Tekippe, Ted.Tekippe@DoubleBeam.com,
or CarCharging Investor Relations, Constellation Asset Advisors, Inc.,
www.ConstellationAA.com, (415) 524-8500
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