CarCharging and City of Knoxville Finalize Partnership for the Continued
Operation of Blink Electric Vehicle Charging Stations
Largest EV Charging Owner and Operator Provides EV Project Hosts with Various
Business Model Options
MIAMI BEACH, Fla., June 23, 2014
MIAMI BEACH, Fla., June 23, 2014 /PRNewswire/ --Car Charging Group, Inc.
(OTCQB: CCGI) ("CarCharging"), the largest owner, operator, and provider of
electric vehicle (EV) charging services, announced that it has finalized its
partnership with the City of Knoxville ("City"), Tennessee for the operation
and maintenance of the Blink EV charging stations. The stations were
originally deployed in association with the Department of Energy's EV Project,
for which ECOtality, the former owner of the Blink related assets, served as
As a part of the agreement, CarCharging will own and operate 14 of the City's
Blink EV charging stations located at Caswell Park, Ijams Nature Center,
Sequoyah Park, State Street Garage, Victor Ashe Park, West Hills Park, and
Jackson Avenue parking lot. Beginning July 1, 2014, Blink's current standard
charging fees of $1.00 per hour for Blink members and $2.00 per hour for Blink
guests will also be applied to these stations.
"We are excited to work with CarCharging to ensure the continued operation and
maintenance of the Blink electric car charging stations," said Erin Gill,
Director of Sustainability, City of Knoxville. "We believe that these stations
are the critical infrastructure necessary to support use of vehicles that
consume less energy and produce fewer emissions."
"We are proud to continue the partnerships with the Blink hosts that
participated in the EV Project, such as the City of Knoxville," said Michael
D. Farkas, CarCharging's Founder and Chief Executive Officer. "With the
various new business models that we have available and the enhancements made
to the Blink Network, we are confident that we can provide Blink hosts and
members with exceptional service."
The City of Knoxville's Blink Level II EV charging stations quickly recharge
an electric vehicle's battery. EV drivers can easily request Blink's InCard at
www.BlinkNetwork.com to initiate use and payment at these locations. Blink's
InCard also allows drivers to use charging locations on the Blink Network, the
software that operates, monitors, and tracks the Blink stations and all of its
charging data. CarCharging's EV charging stations also accept direct payment
via credit card.
Users can pinpoint the City's EV charging station locations using the maps at
www.BlinkNetwork.com or www.CarCharging.com, or the Blink and CarCharging
Oak Ridge National Laboratory will continue to operate the 6 Blink EV charging
stations at the Knoxville Coliseum Auditorium and 4 Blink EV charging stations
at the Market Square Garage through September 30, 2014 with no changes to
their current charging fee policy.
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 Jose, CA; New York, NY; and Phoenix, AZ;
CarCharging's business model is designed to accelerate the adoption of public
CarCharging offers various options to commercial and residential property
owners for EV charging services. Our typical business model provides a
comprehensive turnkey program where CarCharging owns and operates the EV
charging equipment; manages the installation, maintenance, and related
services; and shares a portion of the EV charging revenue with the property
owner. Alternatively, property partners can share in the equipment and
installation expenses with CarCharging operating and managing the EV charging
stations and providing network connectivity. For properties interested in
purchasing and owning EV charging stations, CarCharging can also provide EV
charging hardware, site recommendations, connection to the Blink Network, and
management and maintenance services.
Through its subsidiary, Blink Network, CarCharging also provides residential
EV charging solutions for single-family homes. For more information, please
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, 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 Beach (FL).
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, 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.
For more information about CarCharging, please visit www.CarCharging.com,
www.facebook.com/Car.Charging, or www.twitter.com/CarCharging.
About City of Knoxville
The City of Knoxville is committed to integrating sustainable best practices
into its operations and services. By hosting electric vehicle charging
stations at its downtown parking locations and parks, the City of Knoxville is
supporting the adoption of clean and renewable energy and fuel options by
residents and visitors to the city.
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 City of Knoxville CarCharging
Media Contact: Media Contact:
Suzanne Tamargo Jesse Mayshark Constellation Asset
Suzanne@CarCharging.com firstname.lastname@example.org www.ConstellationAA.com
(305) 521-0200 x 214 (865) 215-3710 (775) 771-5808
SOURCE Car Charging Group, Inc.
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