QualityStocks.net News – ECOtality, Inc. (ETLY.OB) Subsidiary Completes Integration of Minit-Charger

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ECOtality, Inc. (OTCBB: ETLY) is one of our highlighted companies this month. The company is a technology innovator that leverages global R&D resources to develop and commercialize renewable energy technologies, specifically aimed at addressing today's global energy challenges. Through strategic partnerships, ECOtality applies scientific knowledge and creates proprietary green energy technologies.

In our client’s news today,

eTec announced that it has completed its integration of Minit-Charger. Since both battery charging system lines are in the same niche, a merger under the eTec umbrella makes perfect business sense. The Company also announced this morning that eTec’s SuperCharge fast-charging systems will be rebranded under the Minit-Charger name.

In November 2007, ECOtality acquired Electronic Transportation Engineering Corporation (eTec), whose focus is in the research, development, and testing of advanced transportation and energy systems. Upon its inception in 1996, eTec’s mission was to support the development and installation of battery charging infrastructures for electric vehicles. Now as a wholly owned subsidiary of ECOtality, eTec will continue to specialize in fuel sources and infrastructure for hybrid and electric powered vehicles. Currently, eTec’s systems are utilized in marine and transit applications, airport ground support equipment, and in local and governmental electric vehicle operations.

In December 2007, ECOtality acquired Minit-Charger, which was a subsidiary of Edison International. Minit-Charger produces faster battery systems that are more eco-friendly and cost-efficient than the conventional charging systems currently in place. The Minit-Charger systems produce no harmful emissions and less heat during charging which helps extend battery life.

“Following our recent expansion, we have focused on efficiently integrating and capitalizing on the synergies of our subsidiary companies to streamline operations and lay the foundation for aggressive growth,” said Jonathan Read, President and CEO, ECOtality.

“This rebranding is a natural evolution of our objectives to provide comprehensive fast charging solutions that our customers can trust,” said Don Karner, President and CEO of eTec. “Unifying all of our fast charging technologies and operations under the Minit-Charger name leverages its strong brand recognition and allows us to better focus our sales and marketing efforts.”

ECOtality, along with its subsidiaries, continue to move toward their vision: A world where we utilize energy sources that produce zero harmful emissions. The result would be a planet with less pollution, cleaner air, and safer drinking water.

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