AeroVironment Transforms EV Charging with New, Easy and Convenient TurboCord; World’s First Dual-Voltage Cordset Delivers

  AeroVironment Transforms EV Charging with New, Easy and Convenient
  TurboCord; World’s First Dual-Voltage Cordset Delivers Unmatched Charging
  Versatility

  *Portable plug-in charger increases range confidence, reduces costs to
    drivers, workplaces, businesses and governments
  *Fits in palm of hand; plugs directly into electrical socket; no charger
    installation required; weighs less than five pounds, including 20-foot
    cord
  *Operates on 120 or 240 volts; at 240 volts it charges nearly three times
    faster than standard cordsets – less than three hours for plug-in hybrids
    and less than six hours for full battery electrics
  *UL listed with state-of-the-art safety features, including indoor and
    outdoor use, highest waterproof NEMA 6P ratings, and thermal sensors

Business Wire

MONROVIA, Calif. -- January 30, 2014

AeroVironment, Inc. (NASDAQ:AVAV), a leader in electric vehicle charging and
the preferred home charging solution supplier for five global automakers,
today unveiled TurboCord™ – a compact, UL-listed, dual mode
240-volt/16-amperage and 120-volt portable charging cordset (MSRP $649) that
sets a new standard for EV charging. TurboCord is also available in a 240-volt
only version (MSRP $599).

AeroVironment’s portable, dual-voltage TurboCord™ transforms electric vehicle
charging. It’s easy to ...

AeroVironment’s portable, dual-voltage TurboCord™ transforms electric vehicle
charging. It’s easy to use, convenient and saves money. TurboCord fits in the
palm of the hand, fully charges a plug-in hybrid in less than three hours and
weighs less than five pounds. No charger installation is required. (Photo:
Business Wire)

“TurboCord is very compact, light, powerful and delivers unmatched charging
versatility. It will empower drivers to make the transition easily from
gas-powered cars to electric vehicles because it simplifies the charging
process and can reduce costs significantly,” said Wahid Nawabi, senior vice
president and general manager of AeroVironment’s Efficient Energy Systems
business segment.

TurboCord is packed with features that EV owners care most about and expect
from AeroVironment. It requires no charger installation - you just plug it in
– potentially saving consumers thousands of dollars. AeroVironment’s engineers
designed TurboCord with key safety features, such as waterproofing for indoor
and outdoor charging, all-environment operation and built-in thermal sensors
for protection against faulty wiring or inadequate power. And it puts the
power of charging into the hands of the EV owner because they can take it with
them and charge more rapidly away from home.

TurboCord weighs less than five pounds and plugs directly into the electrical
outlet. It has an easy-to-see LED indicator and no buttons. Its miniaturized
electronics and safety features are housed in a compact package that also
incorporates the plug. Safety is built into every TurboCord, which is UL
(Underwriters Laboratory) listed and incorporates patent-pending technology
that monitors the internal temperature of the unit as well as the wall outlet
connection, to ensure safe and reliable charging. It is outdoor-rated,
watertight with the highest waterproof NEMA 6P rating and durability tested.

Nawabi said another feature EV owners will especially like is that
AeroVironment has eliminated the “pigtail” that comes with other cordsets. On
one end of the cord there is a small and rugged module that contains all of
the miniaturized electronics, which plugs directly into the wall outlet. On
the other end of the cord is the coupler that plugs into the car. With
TurboCord, an EV driver does not have to contend with the clunky and heavy box
on the cord between the vehicle and the wall socket that is found on other
cordsets, which can pose safety hazards.

According to Nawabi, TurboCord is a winner for everyone – the EV owner, host
businesses and car dealers. “TurboCord will deliver that extra convenience
many people are looking for before deciding to drive home from a dealer in an
EV, especially when automakers include it in the trunks of new cars,” he said.
“A salesperson can open the trunk on the lot and tell the prospective buyer
they can go home and start charging that same night if they have a 120-volt or
240-volt outlet at their home. A similar outlet at their workplace can allow
them to drive their EV even farther.”

Nawabi said he expects business owners and retail outlets will quickly
discover how easy and cost-effective it is to install 240-volt outlets at
their locations so their employees and customers can take advantage of
TurboCord.

Using TurboCord, drivers can charge a Nissan LEAF or Fiat 500e in less than
six hours. A Ford C-Max Energi plug-in and other plug-in hybrid vehicles can
charge in less than three hours. AeroVironment anticipates that TurboCord will
be especially appealing to plug-in hybrid owners. “Research shows that plug-in
hybrid owners are charging wherever they can to squeeze out more electric
miles to avoid using gasoline. TurboCord’s portability and power are perfect
for these drivers because they now have the option to charge faster with our
dual-voltage cordset,” said Nawabi.

TurboCord will save EV owners money. If owners already have a NEMA 6-20R
240-volt outlet near their desired charging location, then it’s as easy as
plugging in and charging; no installation required. If they do not have a NEMA
6-20R outlet, an electrician can install one for as little as $250. TurboCord
is now available for purchase on Amazon.com or AeroVironment’s website
TurboCord.com.

AeroVironment is a pioneering “EVolution” leader with decades of experience in
delivering complete EV charging solutions. In 1989, the company co-developed
the first modern-day electric car, the GM Impact. It spent the next two
decades creating charging systems and test systems designed to make EVs and EV
charging more practical. Today, AeroVironment is a leading supplier of
high-power test systems used worldwide by automakers and advanced battery
manufacturers to develop the next generation of electric vehicles and EV
charging stations.

About AeroVironment, Inc.

AeroVironment is a technology solutions provider that designs, develops,
produces, supports and operates 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.

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Contact:

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