CarCharging™ Completes Acquisition of EVPass® and its Electric Vehicle
Charging Stations Throughout Central New York
As Electric Car Sales Continue to Set Records, CarCharging Completes
Acquisition of Second EV Charging Provider in New York
MIAMI BEACH, Fla., April 16, 2013
MIAMI BEACH, Fla., April 16, 2013 /PRNewswire/ --Car Charging Group, Inc.
(OTCQB: CCGI) ("CarCharging"), a nationwide provider of convenient electric
vehicle (EV) charging services, announced the closing of its acquisition of
EVPass LLC., which specializes in building destination and location networks
for EV charging, and its Central New York Destination Location Network ("CNY
Network"), from Synapse Sustainability Trust, Inc., a 501c-3 organization
based in Syracuse, New York.
CarCharging now owns and operates the EV charging stations formerly operated
by EVPass. The EVPass charging stations were deployed in partnership with the
New York State Energy Research and Development Authority ("NYSERDA"), and are
strategically located throughout Central New York, including Syracuse, Rome,
and the surrounding areas. The destination locations are comprised of
shopping malls, including DestinyUSA, one of the largest shopping malls in the
Northeast; higher education institutions such as SUNY-ESF; venues such as the
JFK Arena in Rome, NY and the Oncenter Convention Center in Syracuse, NY; as
well as 39 downtown commuter parking locations in Syracuse, NY. CarCharging
will also administer the pending NYSERDA grant awarded to EVPass, which
includes installing EV charging stations throughout Upstate New York.
"Electric Vehicle sales continue to set records," said Michael D. Farkas, CEO
of CarCharging. "March 2013 was the best month of sales ever for the Nissan
LEAF, surpassing even Renault-Nissan CEO Carlos Ghosn's expectations, and
Tesla's Model S sold more than any other EV. We intend to support the EV
market by expanding the availability of EV charging services, not only in New
York, but throughout the country."
CarCharging also finalized the appointment of Eckardt C. Beck, the Executive
Director of Synapse Sustainability Trust, to its Board of Directors.
"Mr. Beck has an extensive in background working with government agencies and
private companies to develop environmental policies and programs, and we are
extremely excited about having him join our Board of Directors," said Mr.
After developing the first ever Clean Air Act State Air Implementation Plan
(SIP) in Connecticut, Mr. Beck served two US Presidents, and managed the
national water and waste programs for the Environmental Protection Agency
(EPA). He earned the Presidential Distinguished Executive Award for chairing
the development of the National Toxic Strategy for the EPA, an environmental
policy roadmap that has been followed for the past 40 years. Mr. Beck then
moved to the private sector, where he founded and built the largest analytic
testing and data processing laboratory in the USA. He also led the leveraged
buyout of an environmental company listed on the New York Stock Exchange, and
subsequently became the owner/operator of, among other things, the nation's
largest sewage treatment company. Following successful exits from those
businesses, Mr. Beck founded Synapse Partners, LLC, which is now the largest
aggregator of environmental insurance in the USA. He also founded Synapse
Sustainability Trust, Inc., which incubated the development of the
trailblazing models of regional EV transportation, EVPass and the CNY Network.
Both CarCharging and EVPass utilize EV charging stations manufactured by
ChargePoint®, which provide 240 volts with 32 amps of power to quickly
recharge an EV's battery. EV drivers can easily request CarCharging's evCharge
card online to initiate use and payment at any intelligent CarCharging
station. The CarCharging card also allows drivers to use charging locations on
the ChargePoint® Network, the largest national online network connecting EV
drivers to EV charging stations. Users can pinpoint EV charging station
locations using the CarCharging map at www.CarCharging.com and the
ChargePoint^® mobile application for iPhone, Android, and Blackberry phones,
which provides real-time charging station location information with
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 Beach, Florida with offices in California,
New York, 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 65 strategic partnerships across various business sectors.
CarCharging's partners manage or own a total of more than 6.5 million parking
spaces, and include, but are not limited to Ace Parking, Central Parking,
Equity One, Equity Residential, Walgreens, Simon Property Group, Pennsylvania
Department of Environmental Protection, City of Miami Beach (FL), and the City
of Santa Clara (CA). CarCharging's services utilize EV charging stations
manufactured by ChargePoint®.
For more information about CarCharging, please visit www.CarCharging.com.
EVPass^® LLC. specializes in building destination and location networks for
electric vehicle (EV) charging. TheCentral New York Destination Location
Network ("CNY Network"), a system of 68 EV charging stations throughout
central New York, including Syracuse, Rome, and the surrounding areas, was
developed in conjunction with EVPass and deployed in partnership with the New
York State Energy Research and Development Authority ("NYSERDA"). The CNY
Network was the first area wide transportation plan in the US to be based on
the concept of providing charging stations "where the car wants to go, not
where it lives."
The CNY Network locations includeDestinyUSA, higher education institutions
such as SUNY-ESF, venues such as the JFK Arena in Rome, NY and Oncenter
Convention Center, as well as 39 downtown commuter parking locations in
For more information about EVPass, please visit www.MyEVPass.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. Car Charging Group, Inc. undertakes no obligation
to update or revise forward-looking statements to reflect changed
CarCharging Synapse Sustainability CarCharging
Media Contact: Media Contact: Investor Relations:
Suzanne Tamargo Dana Johnston Constellation Asset Advisors,
(305) 521-0200 x214 315-475-3700 (415) 524-8500
Suzanne@CarCharging.com firstname.lastname@example.org www.ConstellationAA.com
SOURCE Car Charging Group, Inc.
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