ECOtality, whose Blink stations are used across the country by drivers of light-duty plug-ins like the Nissan Leaf and Chevrolet Volt, has unveiled its Minit Charger 12 for fleet operators looking to boost efficiency for their electric-drive utility vehicle fleets.
The company's Minit Charger 12 offers fast-charging capabilities for multiple vehicles. ECOtality boasts that the Minit Charger 12 can "optimize battery life" and has the "highest sustained charge rate." The device can also handle batteries with voltage ranges from 24 to 80 volts.
The US Department of Energy (DOE) launched its EV Project in 2009 by way of a $99.8 million grant allocated to ECOtality, which set out to distribute as many as 14,000 home-based charging stations. The DOE funded the EV Project with another $15 million the following year.
So far, the EV Project has collected plug-in driving data from more than 62 million miles of electric-powered driving. That number has doubled since last summer.
Read the ECOtality release below and check out the company's e-flyer on the Minit Charger 12 here.
Minit Charger 12 leverages company's fast charger expertise to service new market applications
SAN FRANCISCO - Tuesday, January 22, 2013 - ECOtality, Inc. (NASDAQ:ECTY), a leader in clean electric transportation and storage technologies, is now offering its Minit Charger 12, an advanced fast charger designed to optimize battery life and potential for battery-powered transportation in the material handling industry.
Ideally suited for intermediate industrial applications, the Minit Charger 12 extends battery life by as much as 40 percent. The technology enables Operations Executives to maximize productivity while reducing operational spending. Additional performance capabilities include sequential, or multi-unit charging, as well as the highest sustained charge rate available on the market.
This product launch further diversifies ECOtality's revenue stream, as did ECOtality's Q3 2012 implementation of an access fee structure for its public Blink EV charging stations.
"With over 15 years experience in the material handling industry, Minit Charger 12 is a natural evolution of our Minit Charger product line," said Ravi Brar, president and chief executive officer of ECOtality, Inc. "ECOtality is committed to continuous product innovation while diversifying our revenue streams across multiple industries. Our experience in the industrial, residential and commercial charging sectors, as well as in advanced vehicle testing, positions the company for steady, long-term growth."
The unique features of the Minit Charger 12 include:
Patented algorithms allowing the highest sustained charge rate in the industry at 250 DC Amps
Universal model works with all batteries, all battery capacities and voltages from 24-80 volts
Automatically de-stratifies battery during charge to ensure longer life
Equalizes on demand or based on user schedule
For more information on the new Minit Charger 12 and other industrial products please visit www.minitcharger.com.
About ECOtality, Inc.
ECOtality, Inc. (NASDAQ:ECTY), headquartered in San Francisco, California, is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels. For more information about ECOtality, Inc., please visit www.ecotality.com.
This release contains 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. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.