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ECOtality, Inc. (ECTY) Unveils Blink HQ Line Of EV Chargers

|Includes: Ecotality, Inc. (ECTYQ)

ECOtality yesterday announced that it was unveiling its new line of home electric vehicle (NYSE:EV) chargers. The Blink HQ family of Level 2 EV chargers will each come bundled with a free membership to the Blink Network as well as a $100 charging credit.

ECOtality is focused on developing and marketing ecologically-friendly energy products, such as its flagship line of Blink products, which allow for electric vehicle charging. The company also develops Minit Charger products that allow for EV charging in industrial environments. ECOtality also maintains two wholly owned and independently operated subsidiaries: Innergy Power and Fuel Cell Store.

The new Blink HQ products, which launch in Summer of 2013, will offer consumers several benefits. Including the aforementioned membership and credit bundle, the Level 2 chargers will allow for EV charging at a rate of four times faster than Level 1 chargers, and the ability to connect the home charger to one of more than 4,000 publicly available charging stations.

Ravi Brar, CEO of ECOtality, said, "Our premiere line of Blink HQ home charging products offer EV drivers exactly what they've been asking for: connection to the Blink Network, freedom to charge at home at their convenience and unprecedented value. As EV sales continue their rapid growth, ECOtality is meeting the need for smart, programmable and affordable quick chargers in the home. We see a clear connection between charging at home, at work, while shopping or on the road during a trip. Having Blink HQ home charging products in EV drivers' homes, bundled with a membership, will help support our growth and generate an annuity base as the number of EV drivers grows."

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