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Wednesday, September 22, 2010

Electric Car Stock News; ECOtality (NASDAQ:ECTY) Reveals EV Infrastructure Plan for Western Oregon

Electric Car Stock News; ECOtality (NASDAQ:ECTY) Reveals EV Infrastructure Plan for Western Oregon


More Than 1,000 Blink Charging Stations Will Charge up Electric Vehicles in Portland and Other Key Metropolitan Areas

PORTLAND, Ore.--(http://www.investorideas.com/ clean energy stocks blog )--ECOtality, Inc. (NASDAQ:ECTY), a leader in clean electric transportation and storage technologies, today unveiled its Blink electric vehicle charging station, as well as blueprints for electric vehicle (EV) infrastructure deployment in four major metropolitan areas in Northwestern Oregon: Portland, Salem, Corvallis and Eugene. The announcement marks the completion of a critical milestone in the planning process for The EV Project, the largest rollout of EV infrastructure in the world. As part of the project, ECOtality will install more than 1,100 publicly available chargers throughout the region.


“Throughout the EV Project, ECOtality is developing more calculated methods to prepare cities and regional areas for an EV infrastructure foundation”

.ECOtality worked closely with its Oregon Advisory Team and area stakeholders—including Pacificorp, the newest EV Project partner—to complete deployment guidelines and develop maps showing potential charging site locations and density. The maps were created using criteria developed during the Micro-Climate™ process, and take into consideration a variety of factors, including transportation routes, employment centers and zoning.



“I have long known that Oregon was the right state to launch this next generation of vehicles and show the rest of the country that we can make this transition without inconveniencing or pricing regular citizens out of this market,” said Governor Ted Kulongoski. “With today’s announcement, we are taking that next step forward toward making electric cars – and the supporting infrastructure – available, affordable and accessible to Oregonians across the state.”



“Today, Oregon is ready to emerge as a pioneer in electric vehicle adoption,” said Jonathan Read, President and CEO of ECOtality. “The support of our advisory group has provided invaluable research, and allowed us to develop a smart plan for the installation of EV infrastructure that suits the needs of Oregon’s future EV drivers. By coupling our plans with the capabilities of Blink, we are creating the rich charge infrastructure needed to make electric vehicles a reality.”



The four Oregon cities were selected as host sites for The EV Project in 2009, and will play a critical role in developing a rich charging infrastructure for EV drivers. ECOtality coordinated with the state to develop an advisory team, including representatives from state and local government agencies and utilities.



“Throughout the EV Project, ECOtality is developing more calculated methods to prepare cities and regional areas for an EV infrastructure foundation,” stated Don Karner, President of ECOtality North America. “With each blueprint ECOtality creates, we are able to move forward in paving the way for the national rollout of electric vehicles.”



ECOtality is the project manager for The EV Project, and is tasked with supervising the construction of the largest deployment of EV infrastructure to date. The $230 million public-private initiative is funded with a $114.8 million grant from the U.S. Department of Energy through the American Recovery and Reinvestment Act (ARRA). The EV Project includes 16 states and major metropolitan areas, and will result in the installation of over 15,000 charging stations, over the course of three years.



The Oregon Advisory Team includes representatives from the Building Codes Division; City of Corvallis; City of Eugene; City of Gresham; City of Salem; Eugene Water & Electric Board; Oregon Department of Transportation; Oregon Business Development Department; Oregon Department of Energy; Oregon Transportation Research and Education Consortium; Pacific Power; Portland Development Commission; Portland General Electric; Salem Electric; and the University of Oregon.



About ECOtality, Inc.



ECOtality, Inc. (NASDAQ:ECTY), headquartered in San Francisco, Calif., 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.



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.


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