FIAT Picks AeroVironment to Supply and Install Home Charging Stations for the All-New, All-Electric Fiat 500e

  FIAT Picks AeroVironment to Supply and Install Home Charging Stations for
  the All-New, All-Electric Fiat 500e

  *AeroVironment turns 500e drivers’ garages into home “filling stations”
    with one-stop convenience including charging station, electrical
    installation and three-year warranty
  *FIAT is the fifth major car manufacturer to choose AeroVironment as its
    preferred home electric refueling station provider
  *AeroVironment has deployed more than 12,000 charging stations across North
    America

Business Wire

MONROVIA, Calif. -- August 21, 2013

FIAT® has selected AeroVironment, Inc. (NASDAQ:AVAV) as the preferred provider
of home charging stations and installations for its all-new, all-electric Fiat
500e. FIAT is the fifth plug-in electric vehicle (EV) auto manufacturer to
choose AeroVironment as its full-service home charging partner.

AeroVironment has been selected by FIAT as its preferred provider of home
charging stations and inst ...

AeroVironment has been selected by FIAT as its preferred provider of home
charging stations and installations for its all-new, all-electric Fiat 500e.
(Photo: Business Wire)

The 2013 Fiat 500e features a 24-kWh Lithium-ion battery that will allow
drivers to travel an estimated 108 miles, and uses an industry standard SAE
J1772 recharge connector. The FIAT-branded 240-volt refueling station will
charge the Fiat 500e in four hours or less versus the approximate 20 hours it
would take using a standard 120-volt charging cable. AeroVironment’s UL-listed
station can be installed indoors or outdoors, making it easy to locate the
station in the most convenient location.

“The Fiat 500e increases the number of plug-in electric vehicles available to
American drivers,” said Wahid Nawabi, AeroVironment senior vice president and
general manager of its Efficient Energy Systems business segment. “By choosing
AeroVironment as its one-stop solution for home charging, FIAT has given us
yet another opportunity to demonstrate that electric driving can be easy. At
home and on the road, our charging solutions give EV drivers the benefits and
convenience of faster charging and cleaner driving.”

Fiat 500e owners can bundle the home charger and installation with the car
purchase right at the FIAT Studio. AeroVironment-certified, licensed
electricians who are also specially qualified to support EV drivers perform
on-site installation and services.

Nawabi said, “Having your own auto refueling station right in your garage or
driveway gives EV drivers a new kind of freedom. It makes charging your car as
easy as charging your cell phone, and it’s much less expensive than gasoline.
We are dedicated to developing more ‘gotta have’ charging products that will
make refueling even easier as more EVs hit the roadways.”

AeroVironment is the preferred integrated home charging solution supplier for
five global automakers and their growing fleets of plug-in electric vehicles.
The company’s broad line of home charging systems includes the 240-volt 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.

About FIAT

Italian at heart and rooted in a rich heritage, the Fiat 500 is synonymous
with modern, simple design blending form, function and a pride of ownership
that is genuine. The Fiat 500 has earned more than 80 international awards,
including being named the 2008 European Car of the Year, 2009 World Car Design
of the Year and Best New Engine of 2010 (Fiat MultiAir® Turbo). In the U.S.,
the 2012 Fiat 500 was named “Best Buy” in the subcompact category by Consumers
Digest and was deemed a “Top Safety Pick” by the influential Insurance
Institute for Highway Safety (IIHS).

The FIAT brand portfolio in North America continues to expand with the arrival
of the high-performance Fiat 500 Abarth, Fiat 500 Abarth Cabrio and the Fiat
500 Turbo. In 2013, the FIAT brand launched the Fiat 500e, a full-electric
version of the Fiat 500, and the Fiat 500L, a new five-passenger model that
will expand FIAT’s brand style and efficiency into the growing B-segment.

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.

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Contact:

AeroVironment, Inc.
Steven Gitlin
+1 (626) 357-9983
pr@avinc.com
or
For AeroVironment
Mark Boyer
+1 (310) 229-5956
mark@boyersyndicate.com
 
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