Seeking Alpha

QualityStocks'  Instablog

QualityStocks
Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
QualityStocks
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Car Charging Group (CCGI) Signs Agreement With Forest City Enterprises To Provide Electric Vehicle Charging Services Across The United States 0 comments
    Feb 2, 2012 5:28 PM | about stocks: CCGI
    Leading electric vehicle charging services provider Car Charging Group, Inc. announced today that the company has entered into an agreement with Forest City Enterprises, Inc. to provide charging services at Forest City properties located throughout the United States. A national real estate company, Forest City has many prime locations that will feature Car Charging Group's convenient and environmentally-friendly service.

    Car Charging Group will install its EV charging stations at various Forest City properties and will offer charging services to EV drivers. Car Charging Group will maintain ownership of the charging services, but Forest City will share in the proceeds generated by services provided at their properties.

    Michael D. Farkas, Chief Executive Officer of Car Charging Group, Inc., commented, "With more than 200 retail, office and apartment properties nationwide, we believe that our partnership with Forest City will be extremely beneficial as we work to deploy EV charging stations nationwide. Forest City will benefit from our partnership by providing a valuable service to its environmentally conscious customers and supporting the Company's core value of sustainability. We recently completed our first installation for Forest City at the South Bay Galleria located in Redondo Beach, California."

    "Forest City's portfolio of properties is very diverse and provides for several unique EV charging station installations," added Brian Golomb, director of sales for Car Charging Group, Inc. "We are particularly excited about our partnership which will significantly expand our nationwide EV charging network as well as provide EV drivers at Forest City properties the ability to conveniently charge up."

    Car Charging Group will first work with Forest City to identify suitable locations at their properties, and then begin installing Level II, 240-volt, EV charging stations, manufactured by Coulomb Technologies, the leading EV charging solutions company. All the stations will have access to the ChargePoint® Network, the largest network of independently owned charging stations in the world. Car Charging Group will provide EV drivers flexible payment options and the ability to make reservations. Tracking of customer usage patterns, energy use and costs and revenues will all be provided via the ChargePoint Network's cloud-based software service plans for managing EV charging operations. Through the network, EV drivers benefit from ChargePoint mobile apps (iPhone, Blackberry and Android), mapping services and driver support services.

    "We are excited to be able to provide EV charging services at our properties where people shop, work, play, stay or live. As more and more drivers are choosing electric alternatives for their driving needs, it's important for us to support the requirements of these individuals at our properties," said Tom Gilkeson, Vice President of Retail Operations, Forest City. "We also support the environmental benefits of EV usage in keeping with our core value of sustainability."

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: CCGI
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.