Stocks & Investing
Tue, July 19, 2011Mon, July 18, 2011Sun, July 17, 2011Fri, July 15, 2011Thu, July 14, 2011Wed, July 13, 2011Tue, July 12, 2011Mon, July 11, 2011Fri, July 8, 2011ECOtality and AEP Ohio Unveil First Blink Electric Vehicle Charging Stations in Ohio
Published in Stocks and Investing on Wednesday, July 13th 2011 at 7:05 GMT by Market Wire
SAN FRANCISCO--([ BUSINESS WIRE ])--[ ECOtality, Inc. ] (NASDAQ:[ ECTY ]), a leader in clean electric transportation and storage technologies, announced today a collaboration with American Electric Power (NYSE: AEP) to unveil Ohioa™s first Blink electric-vehicle charging stations. The Blink® Pedestal chargers were installed at the Walmart/Sama™s Club in Columbus and are part of AEP Ohioa™s gridSMART® initiative to promote energy efficiency.
"Incorporating electric vehicles as part of our gridSMART® Demonstration Project in northeast central Ohio helps us determine their impact on our electric grid and shows their viability within the retail market."
aThe alliance between AEP, Walmart and ECOtality exemplifies the collaboration needed to develop charging solutions that meet the needs of utilities and enhances the consumer experience,a said Jonathan Read, CEO of ECOtality. aThe intelligence, real-time communications and network controls of our Blink chargers are an ideal fit with the gridSMART initiative. ECOtality is excited to work with Walmart and AEP to enhance public awareness of EV charging and encourage cleaner transportation.a
As one of the United Statesa™ largest generators of electricity, AEP and AEP Ohio are taking a holistic approach to the development of a smart distribution grid through the company's gridSMART® initiative, which is designed to provide customers greater energy control and improve electric distribution service and performance. AEP Ohio has incorporated various smart grid devices, products and technologies, including electric vehicles, into the project to test their impact on the utility grid.
aEducating the public about and promoting electric vehicles as a mode of transportation via these charging stations is a milestone for AEP Ohio,a said Robert Powers, president of AEP Utilities. aIncorporating electric vehicles as part of our gridSMART® Demonstration Project in northeast central Ohio helps us determine their impact on our electric grid and shows their viability within the retail market.a
ECOtalitya™s Blink line of EV charging stations provide intelligent, user-friendly features that intuitively and safely charge electric vehicles. The Blink Pedestal chargers installed at 3900 Morse Road in Columbus are Level 2 (240 VAC) chargers that feature interactive color touch screens and real-time communication capabilities that can integrate with various smart grid and energy management programs.
The Blink Network of charging stations provides EV drivers the freedom to travel wherever they choose and charge at commercial locations conveniently identified along the way. EV drivers will be able to locate charging stations through the Blink mobile application, and can charge at any Blink station through a variety of options including interoperable RFID cards or fobs, smartphone applications and mobile phone and credit card based payment options. Blink Network members will enjoy even greater advantages, such as discounted charging rates, reservation systems and enhanced Blink Network capabilities.
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 AEP Ohio
AEP Ohio provides electricity to nearly 1.5 million customers of major AEP subsidiaries Columbus Southern Power Company and Ohio Power Company in Ohio, and Wheeling Power Company in the northern panhandle of West Virginia. AEP Ohio is based in Gahanna, Ohio, and is a unit of American Electric Power. News and information about AEP Ohio can be found at [ www.aepohio.com ].
Forward-Looking Statements
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.
