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Content | www.ecotality.com ECOtality Ranks #33 in the White House Report on 100 Recovery Act Projects Changing America The EV Project named one of the U.S.’s Most Innovative and Effective Recovery Act Projects Nationwide SAN FRANCISCO – Tuesday, September 21, 2010 – ECOtality, Inc. (NASDAQ:ECTY), a leader in clean electric transportation and storage technologies, today announced the company has been named #33 in Vice President Joe Biden’s recent report, “100 Recovery Act Projects that are Changing America.” ECOtality was recognized for the company’s role as the project manager for The EV Project, the world’s largest deployment of electric vehicle (EV) infrastructure. “We are honored that Vice President Joe Biden acknowledged ECOtality’s work with The EV Project for the positive contributions it has made to the environment and the economy,” stated Jonathan Read, CEO of ECOtality. “We are dedicated to providing the U.S. government with a maximized return on their investment. We are creating jobs and sparking economic growth while successfully planning and constructing the infrastructure necessary to support the mass adoption of electric vehicles within the United States.” The EV Project will include the installation of approximately 15,000 charging stations in 16 cities in six states, as well as Washington, D.C., and will place 8,500 EVs on the road. The project was established last year with a grant of $114.8 million from the U.S. Department of Energy (DOE), funded by the American Recovery and Reinvestment Act (ARRA). The grants are matched by private investment, bringing the total value of the project to approximately $230 million. “With Recovery Act projects like these, we’re starting to turn the page on a decade of failed economic policies and rebuild our economy on a new foundation that creates good middle class jobs for American families,” said Vice President Biden in an earlier announcement. “And we’re not engineering this transformation alone – Recovery Act projects like these are drawing billions in private capital off the sidelines to help recharge our economy.” ECOtality recently announced the completion of EV Project blueprints in Tennessee and San Diego, with more to follow. The addition of the new infrastructure, from the initial planning phase through construction, will promote job growth; ECOtality has already hired an additional 50 workers since the start of the project, with plans to hire more. In addition, the company estimates an additional 1,485 indirect jobs will be created over the course of the project. “ECOtality is pleased to support the goals of the Recovery Act by creating more jobs for American citizens,” said Don Karner, President of ECOtality North America. “In addition, our work with the EV Project will allow us to draw greater investments into clean tech infrastructure and drive the new energy economy.” Caitlin Cieslik-Miskimen Antenna Group for ECOtality caitlin@antennagroup.com (415) 977-1922 Alliance Advisors for ECOtality Thomas Walsh twalsh@allianceadvisors.net (212) 398-3486 Investor Relations:Media: |
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Following Datasheets | 09222010_ECOtality_reveals_EV_infrastructure_plan_for_Western_Oregon (2 pages) 092309 (3 pages) 092409_BPM_Patent_eTec (2 pages) 092410 (10 pages) 092809 (2 pages) 09282010_actacell (2 pages) 09292010_ECOtality_Expands_EV_Infrastructure_Plan_For_Oregon (2 pages) 093010 (10 pages) 09e_meeting_2 (68 pages) 09Q1_Press_Release_Earnings_Release_Final (7 pages) |
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