MIAMI BEACH, FLA. AND DEERFIELD, Ill. (July 26, 2011) – Car Charging Group Inc. (OTCBB:CCGI) today announced it has agreed to provide electric vehicle (EV) charging services to Walgreens (NYSE:WAG) (NASDAQ:WAG) through the Coulomb Technologies’ ChargePoint® Network. Car Charging Group was awarded the contract by Walgreens, the nation’s largest drugstore chain, to provide public EV charging services at select Walgreens locations throughout the country.
Car Charging Group will install, manage, maintain and own the EV charging stations on Walgreens properties throughout the United States. The EV stations on Walgreens properties will provide flexible payment options, the ability to make reservations, and tracking of customer usage patterns, energy use, costs and revenues, all via the ChargePoint Network’s cloud-based software service plans for managing EV charging operations. Car Charging Group’s EV services installation will also provide Walgreens customers with access to ChargePoint Network’s 24/7 driver support and mobile phone applications, which include station location and real-time availability, reservations, turn-by-turn navigation, and charging status.
“A network of public charging stations is essential in alleviating the fear of range anxiety,” said Michael Farkas, chief executive officer of the Miami Beach, Fla.-based Car Charging Group. “Forward-thinking companies such as Walgreens, understand the importance of publicly and conveniently located EV charging station infrastructure, and by installing this eco-friendly amenity will be able to offer their customers a chance to charge their EVs.”
“We have convenient locations along many major commuting corridors and Walgreens is well positioned to be an ideal host for EV charging stations,” said Walgreens President of Community Management and Operations Mark Wagner. “As a provider of health and wellness services in communities, we are pleased to be a destination for adopters of this green technology and for those committed to reducing their impact on the environment.”
Car Charging Group provides EV charging stations at no charge to property owners/managers while retaining ownership, thus allowing their partners to offer their customers, tenants and employees charging services with no out-of-pocket expenses. In addition, Car Charging Group’s partners realize a percentage of the charging revenue generated by the charging services paid for by the EV owners -- customers, tenants and employees.
Car Charging Group, Inc. is an owner and provider of EV charging stations with the mission to establish 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 looking to expand its operations internationally.
Car Charging Group, Inc. is based in Miami, Fla. The company's website can be viewed at www.CarCharging.com.
Walgreens (www.walgreens.com) is the nation's largest drugstore chain with fiscal 2010 sales of $67 billion. The company operates 7,733 drugstores in all 50 states, the District of Columbia and Puerto Rico. Each day, Walgreens provides nearly 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health and wellness centers and in-store convenient care clinics, with more than 700 locations throughout the country.
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.
Coulomb Technologies is the leading electric vehicle charging solutions company, providing the ChargePoint Network, the largest global online network connecting electric vehicle drivers to unoccupied charging stations in over 14 countries; and the ChargePoint Network service plans, cloud-based solutions that handle all driver billing and support and give organizations the control and flexibility they need to optimize performance of their electric vehicle charging operations. Coulomb Technologies customers include utilities such as Orlando Utilities Commission and Austin Energy in the US, Nuon in The Netherlands, and ESB in Dublin; municipalities such as City of San Francisco and City of New York in the US, City of Amsterdam in The Netherlands, City of Newcastle in the UK, and City of Bochum in Germany. Open to all charging station manufacturers, Coulomb's ChargePoint Network is currently charging more than 26,000 vehicles per month, dispensing over 115 Megawatt hours (MWh) of energy each month, and doubling the electric transportation fuel dispensed each quarter.