ECOtality Partners With Regency Centers at 19 Locations Nationwide
Regency Centers (REG) to Install Blink® Charging Stations in 6 States
SAN FRANCISCO--(BUSINESS WIRE)-- ECOtality, Inc. (NASDAQ:ECTY), a leader in clean electric transportation and storage technologies, announced today a partnership with Regency Centers to install Blink® electric vehicle (EV) charging stations at 19 Regency locations nationwide. As the newest EV Project partner, ECOtality and Regency have worked together to identify the 19 sites and approximately 40 charging stations to be installed in EV Project markets in Arizona, California, Oregon, Tennessee, Texas and D.C.
Our goal has been to deploy a network of chargers that are conveniently placed where consumers work, shop and playand aligning ourselves with major property owners is a key part of achieving that goal, said Colin Read, VP of Corporate Development at ECOtality. We are excited to work with a forward-thinking company like Regency to deploy chargers nationwide and understand the true business case and value of offering commercial EV charging access to their customers.
The Blink Network of charging stations provides EV drivers the freedom to travel as they choose and conveniently charge at Blink commercial locations along the way. By becoming Blink Members, consumers may also yield even greater advantages of the Blink Network, such as local incentive programs, reservation systems, and enhanced Blink Network capabilities.
The EV stations provide an added shopper convenience, demonstrate and encourage a commitment to the environment, and generate a potential future revenue stream, said Scott Prigge, senior vice president of national property operations for Regency Centers.
Regencys sustainability program, greengenuity®, utilizes best practices in green building design, construction, operations and maintenance to reduce long-term operating costs and environmental impact of shopping centers. Current initiatives include smart irrigation, networked lighting, LED parking lot lights, solar power and innovative stormwater management systems.
ECOtality is the project manager of The EV Project and will oversee the installation of commercial and residential charging stations in major cities and metropolitan areas. The project will provide an EV infrastructure to support the deployment of EVs in these key markets. The project is a public-private partnership, funded in part by the U.S. Department of Energy through a federal stimulus grant and made possible by the American Recovery and Reinvestment Act (ARRA). For more information about The EV Project, please visit www.theevproject.com.
About ECOtality, Inc.
ECOtality, Inc. (NASDAQ:ECTY), headquartered in San Francisco, California, is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels. For more information about ECOtality, Inc., please visit www.ecotality.com.
About Regency Centers
Regency Centers is the leading national owner, operator, and developer of grocery-anchored and community shopping centers. As of Dec. 31, 2011, the Company owned 364 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompassed 49.5 million square feet located in top markets throughout the United States. Since 2000, Regency has developed 205 shopping centers, including those currently in-process, representing an investment at completion of $3.0 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
Antenna Group for ECOtality
Caitlin Cieslik-Miskimen, 201-294-0199
The Blueshirt Group for ECOtality
Maria Riley, 415-217-2631
Source: ECOtality, Inc.Copyright Business Wire 2012