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SOURCE Car Charging Group, Inc.
Forest City Enterprises Enhances Amenities at Ashland Parking Garage
MIAMI BEACH, Fla., Feb. 12, 2014 /PRNewswire/ -- Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging"), the leading provider of electric vehicle (EV) charging services, is pleased to announce that through its partnership with Forest City Enterprises, Inc. ("Forest City"), it now provides EV charging services in Baltimore, Maryland. CarCharging has deployed EV charging stations at the Ashland Garage, which is located in the Science + Technology Park at 900 N. Washington Street.
Forest City Enterprises is teaming with Presidential Partners, a local group of experienced developers and contractors, to create the Science + Technology Park at Johns Hopkins and revitalize the surrounding neighborhood. The Ashland Garage has 11 levels and approximately 1,450 parking spaces. The garage provides direct access to the Park, Johns Hopkins' medical campus as well as the Walgreens store located at the ground level of the garage. The electric car charging stations are located on the third floor of the garage, which is open to the public, and on the sixth floor, which is dedicated to Johns Hopkins employees.
"Through our partnership with Forest City Enterprises, CarCharging has been able to provide EV drivers with charging services at various types of properties," said Michael D. Farkas, Chief Executive Officer for CarCharging. "Given its world-class reputation for research and innovation, we are delighted to provide the employees and visitors of Johns Hopkins University with the opportunity to recharge their electric cars."
"The Science + Technology Park at Johns Hopkins provides state-of-the-art facilities and is dedicated to advancing science and technology and revitalizing east Baltimore," said Robin Cutlip, Forest City Enterprises Chief Engineer. "By partnering with CarCharging and offering EV charging services, we are able to support this innovative and green industry, as well as the EV drivers who work and visit the S+T Park."
The EV charging services at the Ashland Garage utilize Level II EV charging stations, which provide 240 volts with 32 amps of power to quickly recharge an electric vehicle's battery. To initiate use and payment at this location, EV drivers can make direct payment via credit card. Drivers can also utilize the SemaConnect mobile application or request a SemaConnect card at www.CarCharging.com for quick access to the stations.
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 EV charging.
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.
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 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.
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:
Constellation Asset Advisors, Inc.
(305) 521-0200 x 214
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