CarCharging Deploys Nissan Electric Vehicle DC Fast Charger at Stanford
Shopping Center in Palo Alto, California
For a Limited Time, CarCharging Offers Free Fast Charging at Northern
California's Premier Shopping Center
MIAMI BEACH, Fla., Dec. 19, 2013
MIAMI BEACH, Fla., Dec. 19, 2013 /PRNewswire/ --Car Charging Group, Inc.
(OTCQB: CCGI) ("CarCharging"), a nationwide provider of electric vehicle (EV)
charging services, announced that the company has installed a Nissan EV DC
Fast Charger at Simon Property Group's (NYSE:SPG) Stanford Shopping Center in
Palo Alto, California. As Northern California's premier open-air shopping and
dining destination with more than 140 world-class specialty stores, ranging
from luxury brands to local favorites, Stanford Shopping Center is located in
the heart of Silicon Valley between El Camino Real and Sand Hill Rd. Stanford
Shopping Center serves the nearby affluent communities of Palo Alto, Menlo
Park, Woodside, and Atherton.
CarCharging acquired the EV charging stations at the Stanford Shopping Center
through its purchase of 350Green earlier this year. However, due to lack of
support from the manufacturer of the previous DC Fast charging station at the
shopping mall, CarCharging elected to replace the unit with another fast
charger. DC Fast chargers drastically reduce charging times, charging a fully
depleted Nissan LEAF to 80 percent capacity in approximately 30 minutes. As a
token of appreciation for EV drivers, CarCharging will provide free charging
for the Nissan quick charger at the Stanford Shopping Center for a limited
Earlier this year, CarCharging and Nissan announced a joint initiative to make
EV charging more readily available and to expand consumer awareness of the
electric car market. As a part of the initiative, CarCharging is deploying 48
Nissan-branded quick chargers and will continue to educate consumers about how
the EV charging infrastructure enhances the adoption and use of electric cars.
Additionally, through its recent acquisition of the Blink Network and Blink
related assets, CarCharging also assumed two agreements with Nissan, which
provided $3.59 million of incentive funding for EV charging infrastructure,
hardware, and installation.
"At CarCharging, we understand how much EV drivers appreciate the opportunity
to rapidly recharge their cars and want to accommodate their needs," said
Michael D. Farkas, CEO of CarCharging. "Given our partnerships with Simon
Property Group and Nissan, we are able to provide reliable charging service
that EV drivers depend on as well as the opportunity to quickly recharge."
In addition to the Nissan quick charger, two Level II EV charging stations,
which provide 240 volts with 32 amps of power to recharge an electric
vehicle's battery, are also available at the Stanford Shopping Center. Drivers
can quickly access and pay for the Level II charging services via major credit
card or mobile application.
Users can learn more about EV charging and pinpoint additional EV charging
station locations using the maps at www.CarCharging.com and
About Car Charging Group, Inc.
Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public
electric vehicle (EV) charging services, enabling EV drivers to easily
recharge at locations throughout the United States. Headquartered in Miami
Beach, FL with offices in San Francisco, CA; New York, NY; Phoenix, AZ; and
Barcelona, Spain; CarCharging's business model is designed to accelerate the
adoption of public EV charging.
CarCharging provides a comprehensive turnkey program to commercial and
residential property owners for EV charging services. CarCharging owns and
operates the EV charging equipment; manages the installation, maintenance, and
related services; and shares some of the EV charging revenue with the property
owner. Thereby, eliminating most capital costs for the property owners and
providing a potential additional revenue stream.
CarCharging has strategic partnerships across multiple business sectors
including multi-family residential and commercial properties, parking garages,
shopping malls, retail parking, and municipalities. CarCharging's partners
include, but are not limited to Walgreens, IKEA, Wal-Mart, Simon Property
Group, Equity One, Equity Residential, Forest City, Cinemark USA, Fox Studios,
Facebook, PayPal, Kimpton Hotels and Restaurants, Mayo Clinic, San Diego
Padres, University of Pennsylvania, Ace Parking, Central/USA Parking, Icon
Parking, Rapid Parking, Parking Concepts, CVS, Related Management,
Pennsylvania Turnpike Commission, Pennsylvania Department of Environmental
Protection, City of Phoenix (AZ), City of Philadelphia (PA), and City of Miami
CarCharging is committed to creating a robust, feature-rich network for EV
charging and is hardware agnostic. CarCharging's owns the Blink network, and
owns and operates EV charging equipment manufactured by Blink, Aerovironment,
ChargePoint, Efacec, General Electric, Nissan, and SemaConnect. CarCharging's
Level II charging stations are compatible with EVs sold in the United States
including the Tesla Model S, Nissan LEAF, Chevy Volt, Mitsubishi i-Miev,
Toyota Prius Plug-In, Honda Fit EV, and Toyota Rav4 EV, as well as many others
scheduled for release over the next few years.
Through its subsidiary, Blink Network, CarCharging also provides residential
EV charging solutions for single-family homes. For more information, please
For more information about CarCharging, please visit www.CarCharging.com,
www.facebook.com/Car.Charging, or www.twitter.com/CarCharging.
About Stanford Shopping Center
Stanford Shopping Center is Northern California's premier open-air shopping
and dining destination with Bloomingdale's, Macy's, Nordstrom, Neiman Marcus,
Wilkes Bashford and more than 140 world-class specialty stores, ranging from
luxury brands to local favorites. Enjoy an extraordinary mix of restaurants
and cafes from Fleming's Prime Steakhouse & Wine Bar, P.F. Chang's China
Bistro, Max's Opera Café and The Melt, to Yucca de Lac and so many more. Shop
the European Street Market for the freshest California produce and gourmet
specialty foods. Breathtaking gardens, sculptures and fountains accent the
garden environment that people come from all over the world to see.
Stanford Shopping Center truly is a one of a kind experience. Whatever the
season, it's always magically in bloom! Experience the garden of everything.
Stanford Shopping Center is located between El Camino Real and Sand Hill Rd.
The Center situated in the heart of the Silicon Valley adjacent to the world
renowned Stanford University Campus. Stanford Shopping Center serves the
nearby affluent communities of Palo Alto, Menlo Park, Woodside, and Atherton.
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.
Investor Relations and Media Contacts:
CarCharging Media Contact CarCharging Investor Relations
Suzanne Tamargo Constellation Asset Advisors, Inc.
(305) 521-0200 x 214 (775) 771-5808
SOURCE Car Charging Group, Inc.
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