SOURCE: Car Charging Group, Inc.
MIAMI BEACH, FL and SUFFERN, NY--(Marketwire - Sep 13, 2012) - Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging"), a nationwide provider of convenient electric vehicle (EV) charging services, through its wholly owned subsidiary CCG Energy, LLC, and Hudson Energy, a Just Energy Group company (NYSE: JE) (TSX: JE), announced a sales partnership to provide electricity services. Through this partnership, CarCharging will be able to provide electricity services to its property partners through Hudson Energy, thereby greatly reducing their utility costs.
This sales partnership also enables CarCharging to provide renewable electricity opportunities to commercial and multi-tenant residential property owners through Hudson Energy at substantially lower rates than currently offered. Essentially, this electricity fill-up option allows EV drivers to operate their vehicles carbon-free.
"We are excited to have a sales partnership with CarCharging Group and provide customers with lower energy costs and the ability to drive their EV vehicles carbon-free," said Deborah Merril, President of Hudson Energy. "We are proud to offer our products and green energy programs to a growing community of environmentally responsible energy consumers who are taking action to reduce their environmental footprint."
"Our sales partnership with Hudson Energy enables us to offer our customers a more robust set of energy services beyond electric vehicle charging," said Michael D. Farkas, CEO of CarCharging. "CarCharging's mission is to lower EV charging fees and to accelerate electric vehicle usage throughout the country. This partnership benefits our commercial and multi-tenant property owners by reducing their facilities' operational costs. In these deregulated markets, public EV charging could soon approach the cost of charging an EV at home, which is substantially less than publicly or commercially-located locations."
The CarCharging/Hudson Energy sales partnership will also benefit EV drivers through decreased electricity costs generated from renewable sources. CarCharging will soon be offering its EV charging services with CO2-free generated electricity to recharge vehicles.
"Utilization of CO2-free energy sources will enable our customers' carbon footprints to get immensely smaller," added Mr. Farkas.
About Car Charging Group, Inc.
Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public EV charging services, enabling drivers to easily refuel anytime, anywhere throughout North America. CarCharging provides a comprehensive turnkey electric vehicle charging service to commercial and residential property owners. Employing the most advanced technology, CarCharging has built a robust, feature-rich network for EV charging.
Headquartered in Miami Beach, FL with offices in San Jose, CA and Barcelona, Spain, CarCharging's business model is designed to accelerate the adoption of public EV charging services. CarCharging pays for all installation, maintenance and related services; therefore, eliminating capital costs for property owners.
CarCharging has more than 40 strategic partnerships across multiple business sectors including multi-family residential and commercial properties, parking garages, shopping malls, retail parking, and municipalities. CarCharging's partners include, but are not limited to Ace Parking, Central Parking, Equity One, Equity Residential, Icon Parking, Rapid Parking, Related, USA Parking, Walgreens, the Pennsylvania Department of Environmental Protection, the City of Miami Beach, the City of West Palm Beach, and the City of Norwalk, Connecticut that manage or own a total of 6.5 million parking spaces.
For more information about CarCharging, please visit www.CarCharging.com.
About Hudson Energy
Established in 2002, Hudson Energy specializes in providing customized index and fixed price energy products tailored to the needs of individual businesses. Serving over 150,000 facilities, Hudson Energy is an experienced and growing business-to-business supplier of electric power and natural gas commodity to markets in North America and the United Kingdom. Large and small business owners look to Hudson Energy for stability and predictability to help them control their energy costs and budget one of their most significant business expenses more effectively. Hudson Energy is a subsidiary of Just Energy Group Inc., a publicly traded company (NYSE: JE) (TSX: JE) serving close to 2 million customers across North America. Visit www.hudsonenergy.net to learn more.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. 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. Car Charging Group, Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed circumstances.