CAR CHARGING GROUP PARTNERS WITH FEDERAL REALTY INVESTMENT TRUST TO INSTALL ELECTRIC VEHICLE CHARGING STATIONS AT …
MIAMI BEACH, Fla., Dec. 20, 2011 (GLOBE NEWSWIRE) — Car Charging Group, Inc. (OTCBB:CCGI.OB – News), a provider of electric vehicle (EV) charging services, and Federal Realty Investment Trust (NYSE:FRT – News) voiced currently a partnership to implement electric vehicle (EV) charging stations opposite Federal Realty’s portfolio of 18.6 million block feet of tall peculiarity retail resources in strategically comparison civil markets in the Northeast, Mid-Atlantic and California.
“Besides the viewable environmental benefits, a large worth of electric cars will be the capability to in the centre fuel your automobile when you’re already stopped somewhere on your every day routine,” said Michael D. Farkas, CEO of Car Charging Group. “Because of the budding locations opposite the nation, Federal Realty’s singular sell and churned use destinations serve as renouned entertainment places inside of the communities, origination them undiluted locations to tip off your EV battery whilst you emporium or dine.”
During the first proviso of the program, EV charging stations will be commissioned 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
At these locations, Car Charging Group will implement Level II, 240-volt, EV charging stations, made by Coulomb Technologies, the leading EV charging solutions company. Users will have access to the ChargePoint(R) Network, the largest tellurian online network joining EV drivers to at leisure charging stations. Car Charging Group will yield the customers with stretchable remuneration options, and the capability to make reservations, as well as track patron use patterns, appetite use, costs and revenues, all via the ChargePoint Network’s cloud-based program use skeleton for handling EV charging operations. Through the network, EV drivers good from ChargePoint mobile apps (iPhone, Blackberry and Android), mapping services and motorist await services.
“Federal Realty is committed to using our blurb operation in a socially obliged demeanour that balances our care for the sourroundings with formulating long-term worth for our shareholders,” pronounced Mike Kelleher, executive of item management of Federal Realty. “The partnership with Car Charging Group to implement EV charging stations is the subsequent step in the redundant greening of our operations, which already includes the origination of biofuels through recycled oil and douse waste from restaurants at our Bethesda Row mixed-use development, LEED certifications at many of our brand brand new developments as well as countless appetite efficiencies and minimized use of healthy apparatus at a number of properties via the portfolio.”
“This is an sparkling partnership as it serve expands our inhabitant EV charging network,” pronounced Brian Golomb, executive of sales for Car Charging Group, Inc. “These are also high-profile properties, which will bring even serve recognition to the importance of EVs in the elaborating U.S. travel system.”
About Car Charging Group, Inc.:
Car Charging Group, Inc. (OTCBB:CCGI.OB – News), headquartered in Miami, Florida, is the colonize and a singular of the nation’s fastest flourishing providers of EV charging services. Our idealisation goal is to settle a inhabitant infrastructure, enabling EV and Plug-in Hybrid Electric Vehicle (PHEV) owners to assign their EVs anytime, anywhere in North America and in conclusion Europe and Asia. Our plan is to be a “first in” vital partner with businesses, municipalities, shopping malls, parking garages, multi-family residential and blurb properties, and others who are approaching to have tall numbers of EVs at their locations. After strategically assessing the many befitting and manifest locations with our trickery partners, we implement and say the EV charging stations at no price to our partners. Our partners good by sharing in the revenue generated from the EV charging stations whilst enhancing green initiatives via their blurb operation operations. Since we launched operations in 2009, we have grown contractual relations with twenty-nine heading partners that own more than 6.4 million parking spots. More than a singular 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 approaching to be on the highway in the U.S. by 2015 with estimates job for more than 40 million on the highway 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 genuine estate investment certitude specializing in the ownership, management and redevelopment of tall peculiarity sell assets. Federal Realty’s portfolio (excluding corner venture properties) contains we estimate 18.6 million block feet located essentially in strategically comparison civil markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an tenure seductiveness in we estimate 1.0 million block feet of sell space through a corner try in which the Trust has a 30% interest. Our handling portfolio (excluding corner try properties) was 93.3% leased to national, regional, and internal retailers as of Sep 30, 2011, with no singular reside accounting for more than we estimate 2.6% of annualized base rent. Federal Realty has paid quarterly dividends to the shareholders invariably given the first in 1962, and has increasing the division rate for 44 uninterrupted years, the longest record in the REIT industry. Federal Realty is an S&P MidCap 400 company and the shares are traded on the NYSE underneath the pitch FRT. For more information, please visit www.federalrealty.com.
Forward-Looking Safe Harbor Statement:
This press recover contains statements, which may consecrate “forward-looking statements” inside of the definition of the Securities Act of 1933 and the Securities Exchange Act of 1934, as nice by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented multiform poignant concrete changes inspiring certain cases brought underneath the sovereign bonds laws, together with changes associated to pleading, discovery, liability, category illustration and awards fees and of 1995. Those statements include statements per the intent, idea or stream expectations of Car Charging Group, Inc., and members of the 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 opening and engage risks and uncertainties, and that tangible formula may talk about materially from those contemplated by such forward-looking statements. The Company undertakes no requisite to refurbish or correct forward-looking statements to simulate changed.
car – Yahoo! News Search Results
MIAMI BEACH, Fla., Dec. 20, 2011 (GLOBE NEWSWIRE) — Car Charging Group, Inc. (OTCBB:CCGI.OB – News), a provider of electric vehicle (EV) charging services, and Federal Realty Investment Trust (NYSE:FRT – News) voiced currently a partnership to implement electric vehicle (EV) charging stations opposite Federal Realty’s portfolio of 18.6 million block feet of tall peculiarity retail resources in strategically comparison civil markets in the Northeast, Mid-Atlantic and California.
“Besides the viewable environmental benefits, a large worth of electric cars will be the capability to in the centre fuel your automobile when you’re already stopped somewhere on your every day routine,” said Michael D. Farkas, CEO of Car Charging Group. “Because of the budding locations opposite the nation, Federal Realty’s singular sell and churned use destinations serve as renouned entertainment places inside of the communities, origination them undiluted locations to tip off your EV battery whilst you emporium or dine.”
During the first proviso of the program, EV charging stations will be commissioned 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
At these locations, Car Charging Group will implement Level II, 240-volt, EV charging stations, made by Coulomb Technologies, the leading EV charging solutions company. Users will have access to the ChargePoint(R) Network, the largest tellurian online network joining EV drivers to at leisure charging stations. Car Charging Group will yield the customers with stretchable remuneration options, and the capability to make reservations, as well as track patron use patterns, appetite use, costs and revenues, all via the ChargePoint Network’s cloud-based program use skeleton for handling EV charging operations. Through the network, EV drivers good from ChargePoint mobile apps (iPhone, Blackberry and Android), mapping services and motorist await services.
“Federal Realty is committed to using our blurb operation in a socially obliged demeanour that balances our care for the sourroundings with formulating long-term worth for our shareholders,” pronounced Mike Kelleher, executive of item management of Federal Realty. “The partnership with Car Charging Group to implement EV charging stations is the subsequent step in the redundant greening of our operations, which already includes the origination of biofuels through recycled oil and douse waste from restaurants at our Bethesda Row mixed-use development, LEED certifications at many of our brand brand new developments as well as countless appetite efficiencies and minimized use of healthy apparatus at a number of properties via the portfolio.”
“This is an sparkling partnership as it serve expands our inhabitant EV charging network,” pronounced Brian Golomb, executive of sales for Car Charging Group, Inc. “These are also high-profile properties, which will bring even serve recognition to the importance of EVs in the elaborating U.S. travel system.”
About Car Charging Group, Inc.:
Car Charging Group, Inc. (OTCBB:CCGI.OB – News), headquartered in Miami, Florida, is the colonize and a singular of the nation’s fastest flourishing providers of EV charging services. Our idealisation goal is to settle a inhabitant infrastructure, enabling EV and Plug-in Hybrid Electric Vehicle (PHEV) owners to assign their EVs anytime, anywhere in North America and in conclusion Europe and Asia. Our plan is to be a “first in” vital partner with businesses, municipalities, shopping malls, parking garages, multi-family residential and blurb properties, and others who are approaching to have tall numbers of EVs at their locations. After strategically assessing the many befitting and manifest locations with our trickery partners, we implement and say the EV charging stations at no price to our partners. Our partners good by sharing in the revenue generated from the EV charging stations whilst enhancing green initiatives via their blurb operation operations. Since we launched operations in 2009, we have grown contractual relations with twenty-nine heading partners that own more than 6.4 million parking spots. More than a singular 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 approaching to be on the highway in the U.S. by 2015 with estimates job for more than 40 million on the highway 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 genuine estate investment certitude specializing in the ownership, management and redevelopment of tall peculiarity sell assets. Federal Realty’s portfolio (excluding corner venture properties) contains we estimate 18.6 million block feet located essentially in strategically comparison civil markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an tenure seductiveness in we estimate 1.0 million block feet of sell space through a corner try in which the Trust has a 30% interest. Our handling portfolio (excluding corner try properties) was 93.3% leased to national, regional, and internal retailers as of Sep 30, 2011, with no singular reside accounting for more than we estimate 2.6% of annualized base rent. Federal Realty has paid quarterly dividends to the shareholders invariably given the first in 1962, and has increasing the division rate for 44 uninterrupted years, the longest record in the REIT industry. Federal Realty is an S&P MidCap 400 company and the shares are traded on the NYSE underneath the pitch FRT. For more information, please visit www.federalrealty.com.
Forward-Looking Safe Harbor Statement:
This press recover contains statements, which may consecrate “forward-looking statements” inside of the definition of the Securities Act of 1933 and the Securities Exchange Act of 1934, as nice by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented multiform poignant concrete changes inspiring certain cases brought underneath the sovereign bonds laws, together with changes associated to pleading, discovery, liability, category illustration and awards fees and of 1995. Those statements include statements per the intent, idea or stream expectations of Car Charging Group, Inc., and members of the 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 opening and engage risks and uncertainties, and that tangible formula may talk about materially from those contemplated by such forward-looking statements. The Company undertakes no requisite to refurbish or correct forward-looking statements to simulate changed.
car – Yahoo! News Search Results