Manhattan-based Icon Parking System Provides Manhattan EV
Drivers and Google Tenants With Electric Vehicle Charging
Services Installed by Car Charging Group, Inc.
New York City's Premier Parking Company Provides Google
Tenants and Area Drivers With Electric Vehicle Charging
Services at 111 Eighth Avenue
MIAMI BEACH, Fla. and NEW YORK, May 12, 2011 (GLOBE NEWSWIRE) -- Car
Charging Group, Inc., (OTCBB:CCGI) today announced that EV Charging
Services are now available at Icon 111 Eighth Avenue Parking LLC. This
is the most recent installation following an agreement signed in August
2010 with Icon Parking Systems, the premier provider of parking
services in Manhattan.
The services are available at 111 Eight Avenue, New York, which is
owned by Google, Inc. and home to several tenants including Nike,
WebMD, Sprint, and Barnes&Noble.com. "We are pleased to announce this
installation, which is part of our nationwide rollout of EV charging
stations that gives us the opportunity to partner with such forward
thinking companies," said Michael D. Farkas, Chief Executive Officer of
Car Charging Group. The building was previously owned by an ownership
group including Taconic Investment Partners, the New York State Common
Retirement Fund and the German investment group Jamestown and was
recently purchased by Google in 2010.
The EV charging services available for use now include a ChargePoint(R)
Networked Charging Station, manufactured by Coulomb Technologies. The
charging station has dual outputs that deliver energy simultaneously: a
7.2 kW output delivering Level II (208/240 VAC @ 30 A) charging via the
standard SAE J1772(TM) connector and fixed 18-foot cable, and a 2 kW
output delivering Level I (120 VAC @ 16 A) charging via a standard NEMA
5-20 receptacle protected behind a locking door. Car Charging provides
EV charging stations at no charge to property owners/managers while
retaining ownership, thus allowing drivers access to convenient
locations and partners to realize a percentage of the charging revenue
generated.
The charging stations are part of the ChargePoint(R) Network, which is
open to all drivers of plug-in vehicles and all manufacturers of
plug-in vehicle charging stations. ChargePoint Network's unique
features include:
-- The ability for a station owner to set fees for use of their stations
(including free charging)
-- The ability for drivers to access stations without a subscription via
contactless credit cards (Visa, MasterCard, AMEX, and Discover)
-- 24/7/365 telephone driver support via a toll free number on all charging
stations
-- Smart Grid ready with built in Utility Grade Capable Metering, Time of
Use (TOU) pricing and Demand Response (DR) control
-- Multiple Smart Phone applications (iPhone and Blackberry) to find
unoccupied stations and navigate to them
-- The lowest operating cost possible due to real-time operational
monitoring, alerts, diagnosis, and control of millions of stations
More than 20 different electric vehicles are planned to go on sale in
the U.S. in the next three years and the U.S. government has backed $5
billion in investments for battery technology and consumer incentives
to stimulate the market. The Chevrolet Volt, made by GM and the Nissan
LEAF are due to arrive in showrooms in the U.S. in the next few months.
Icon Parking Systems operates more than 200 parking facilities in
Manhattan. Many of Icon's locations are in the City's busiest and most
vibrant commercial neighborhoods, others can be found near famous New
York City landmarks, and many are in residential areas throughout the
City. Vehicle owners can shop for monthly, hourly and daily parking,
find great discount coupons offers and compare facilities by visiting
Icon Parking's website at www.IconParking.com.
Car Charging Group, Inc. is an owner and provider of electric vehicle
(EV) charging stations with the mission to build-out a nationwide
infrastructure, enabling EV and PHEV owners to charge their EVs
anytime, anywhere. As part of its strategy, the Company owns, provides,
installs and maintains electric vehicle charging units and works with
its landowner partners to identify appropriate locations for its
charging stations. The Company provides convenient, safe and affordable
charging stations away from home in customer-friendly public locations,
including municipalities, shopping malls, parking garages, multi family
residential and commercial properties.
An estimated 40 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 by 2030. Car
Charging Group recognizes the need to establish a comprehensive network
of charging stations that delivers easy, convenient access to drivers
wherever they live, work and play. By investing at the forefront of the
electric car revolution, Car Charging Group seeks to become the leading
provider of electric car charging services. The Company launched its
operations nationally in September of 2009 and is expanding its
operations internationally.
111 Eighth Avenue is a 2.9-million-square-foot property located at the
apex of the Chelsea and Meatpacking Districts of Manhattan. The
property, originally developed as the headquarters of the Port
Authority of New York, occupies an entire square block between Eighth
and Ninth Avenues and 15th and 16th Streets. As the second largest
building in New York City it is home to a diverse tenant base including
healthcare, advertising, fashion, publishing and telecom companies. The
building was previously owned by an ownership group including Taconic
Investment Partners, the New York State Common Retirement Fund and the
German investment group Jamestown and was recently purchased by Google
in 2010.
Icon Parking Systems is the premier provider of parking services in New
York City. The Company has been in business for more than 50 years and
operates over 200 parking facilities in virtually all of Manhattan's
most high profile, prestigious neighborhoods and business districts.
Icon Parking Systems is on the forefront of providing unsurpassed value
to city residents, commuters and visitors to the City's numerous
restaurants, Broadway theatres and concert halls, event destinations,
shopping outlets and medical facilities by continuing to deliver
affordable parking and prompt and courteous service.
I expect to see other large cities join in and develop the charging network within a year.
Edited from press release by Auto Advisor Group
Bruce Hubbard
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