During the first phase of the program, EV charging stations will be installed at the following Federal Realty Investment Trust properties:
- Santana Row in San Jose, California
- Bethesda Row in Bethesda, Maryland
- Congressional Plaza and Rockville Town Square in Rockville, Maryland
- Pentagon Row and The Village at Shirlington in Arlington, Virginia
"Federal Realty is committed to running our business in a socially responsible manner that balances our consideration for the environment with creating long-term value for our shareholders," said Mike Kelleher, director of asset management of Federal Realty. "The partnership with Car Charging Group to install EV charging stations is the next step in the continual greening of our operations, which already includes the creation of biofuels through recycled oil and grease waste from restaurants at our Bethesda Row mixed-use development, LEED certifications at many of our recent developments as well as numerous energy efficiencies and minimized usage of natural resource at a number of properties throughout the portfolio."
"This is an exciting partnership as it further expands our nationwide EV charging network," said Brian Golomb, director of sales for Car Charging Group, Inc. "These are also high-profile properties, which will bring even further awareness to the importance of EVs in the evolving U.S. transportation system."
About Car Charging Group, Inc.:
Car Charging Group, Inc. (OTCBB: CCGI.OB), headquartered in Miami, Florida, is the pioneer and one of the nation's fastest growing providers of EV charging services. Our ultimate mission is to establish a nationwide infrastructure, enabling EV and Plug-in Hybrid Electric Vehicle (PHEV) owners to charge their EVs anytime, anywhere in North America and ultimately Europe and Asia. Our strategy is to be a "first in" strategic partner with businesses, municipalities, shopping malls, parking garages, multi-family residential and commercial properties, and others who are expected to have high numbers of EVs at their locations. After strategically assessing the most suitable and visible locations with our facility partners, we install and maintain the EV charging stations at no cost to our partners. Our partners benefit by sharing in the revenue generated from the EV charging stations while enhancing green initiatives throughout their business operations. Since we launched operations in 2009, we have developed contractual relationships with 29 leading partners that own more than 6.4 million parking spots. More than one million plug-in electric vehicles, such as the Nissan LEAF, GM Chevrolet Volt, Fisker Karma, Tesla Model S, Ford Focus EV as well as many others, are expected to be on the road in the U.S. by 2015 with estimates calling for more than 40 million on the road worldwide in 2030. For more information about Car Charging Group, Inc., please visit www.CarCharging.com.
About Federal Realty
Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management and redevelopment of high quality retail assets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 18.6 million square feet located primarily in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 93.3% leased to national, regional, and local retailers as of September 30, 2011, with no single tenant accounting for more than approximately 2.6% of annualized base rent. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 44 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P MidCap 400 company and its shares are traded on the NYSE under the symbol FRT. For more information, please visit www.federalrealty.com.
Forward-Looking Safe Harbor Statement:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed.
Investor Relations and Media Contact:
For Car Charging Group, Inc.
Kevin S. Inda
Corporate Communications, Inc. (CCI)