Scottsdale 5/25/2013 3:00:00 AM
News / Stocks

ECOtality (ECTY) Unveils Blink HQ Line of EV Chargers

QualityStocks would like to highlight ECOtality, Inc. (NASDAQ: ECTY). The company's stated mission is to develop and commercialize environmentally-friendly energy solutions that address today’s global energy challenge. ECOtality has three distinct lines of business: Blink, an EV charging station solution for consumers and businesses; Minit Charger, an EV charging solution for industrial applications; and ETEC LABS, a research, testing, and consulting division, dedicated to analyzing and delivering proven results for advanced vehicle and battery technology. ECOtality also maintains two wholly owned and independently operated subsidiaries: Innergy Power and Fuel Cell Store.

In the company’s news,

ECOtality announced that it was unveiling its new line of home electric vehicle (EV) chargers. The Blink HQ family of Level 2 EV chargers will each come bundled with a free membership to the Blink Network as well as a $100 charging credit.

ECOtality is focused on developing and marketing ecologically-friendly energy products, such as its flagship line of Blink products, which allow for electric vehicle charging. The company also develops Minit Charger products that allow for EV charging in industrial environments. ECOtality also maintains two wholly owned and independently operated subsidiaries: Innergy Power and Fuel Cell Store.

The new Blink HQ products, which launch in Summer of 2013, will offer consumers several benefits. Including the aforementioned membership and credit bundle, the Level 2 chargers will allow for EV charging at a rate of four times faster than Level 1 chargers, and the ability to connect the home charger to one of more than 4,000 publicly available charging stations.

Ravi Brar, CEO of ECOtality, said, “Our premiere line of Blink HQ home charging products offer EV drivers exactly what they’ve been asking for: connection to the Blink Network, freedom to charge at home at their convenience and unprecedented value. As EV sales continue their rapid growth, ECOtality is meeting the need for smart, programmable and affordable quick chargers in the home. We see a clear connection between charging at home, at work, while shopping or on the road during a trip. Having Blink HQ home charging products in EV drivers’ homes, bundled with a membership, will help support our growth and generate an annuity base as the number of EV drivers grows.”

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.