Fuji Electric to Offer Financing Program for Electric Vehicle Charging Stations

  Fuji Electric to Offer Financing Program for Electric Vehicle Charging

 $0 Down, 0% Interest Program Eliminates Upfront Equipment Costs for Station

Business Wire

EDISON, N.J. -- October 8, 2013

Fuji Electric Corp. of America announced today that they have partnered with
Union Bank and Marlin Leasing Corp. to offer their customers convenient
Financing Programs on their DC Quick Charging Stations for Electric Vehicles.
The program offers Zero-Down, Zero-Interest financing in an effort to offset
the cost of equipment and encourage small businesses to install charging
stations at their sites.

“We firmly believe that the development of charging infrastructure in the US,
particularly publicly available quick charging, is a critical factor in the
mass adoption of EVs,” said Larry Butkovich, Fuji Electric’s General Manager
for EV Systems. “Drivers need reassurance that they will be able to access
charging stations while on the road, and our Financing Program gives
businesses the assistance they need to make a business case for the
installation of these Quick Charging Stations.”

Fuji Electric’s UL-Certified 25kW DC Quick Charging Station provides a
complete charge to EVs in under an hour, making it ideal for commercial
applications such as hotels, restaurants, retail stores, and public
highways/interstates. With over 400 units deployed worldwide, the global
manufacturer entered the US market in March 2012, and immediately recognized
the hesitation among businesses to invest in this technology. Butkovich adds,
“Whether we are working with a large hotel chain or a single-owner convenience
store, their questions are quite similar. A ‘Zero-Down, Zero-Interest’
Financing Program eases their concerns about upfront cash outlays and
long-term interest payments on capital equipment.”

The Financing Program is currently available to U.S. customers, and is
designed to offer quick turnaround time on application reviews to avoid
project delays. Customers are assigned a single point of contact within Fuji
Electric and Marlin Leasing in order to streamline the process and ensure a
smooth, hassle-free experience.

“This program demonstrates our ongoing commitment to our customers and their
financial needs by removing the primary roadblock that prevents them from
embracing this technology,” said Phil Charatz, Fuji Electric’s President and
CEO. “Partnering with well-established companies like Union Bank and Marlin
Leasing is a testament to our belief in providing quality products and
services that will revolutionize the EV industry and change the way people
think about this market.”

About Fuji Electric Corp. of America

Fuji Electric Corp. of America is a wholly owned subsidiary of Fuji Electric
Co., Ltd., and has been responsible for sales and distribution of the
company’s products since 1970. Fuji Electric Co., Ltd. began developing power
electronics equipment in 1923, and is a global leader in industrial products
ranging from semiconductors, HMIs, power supply, and power generation
equipment to AC drives and electric vehicle charging stations. For more
information please visit www.americas.fujielectric.com or follow us on Twitter

About Union Bank

Union Bank, N.A. is a full-service commercial bank providing an array of
financial services to individuals, small businesses, middle-market companies,
and major corporations. As a primary subsidiary of UnionBanCal Corporation, a
financial holding company with assets of $102.3 billion, they operate 418
retail branches in California, Washington and Oregon. Union Bank works with
Marlin Leasing Corporation to provide a wide range of flexible equipment
financing options, including certain “soft” costs, such as shipping, software,
and installation, as part of the lease. For more information please visit

About Marlin Leasing Corp.

Marlin Business Services Corp. is a publicly traded bank holding company
(NASDAQ: MRLN) that provides nationwide commercial financing and depository
products. Marlin specializes in providing innovative financial solutions for
small and mid-size businesses. Since 1997, Marlin has extended $3 billion in
financing by providing tailored financing programs and competitive lease
structures. Marlin's value proposition is centered around providing excellent
service and delivering on commitments made to equipment dealers,
manufacturers, resellers, distributors and their customers. Marlin is a direct
lender providing financing to businesses so they can acquire new equipment and
technology while preserving capital. For more information please visit


Fuji Electric Marketing Manager
Doretta Caprarola, 201-490-3933
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