Friday, July 2, 2010

Car Charging Group, Inc. (CCGI.OB) Partnering with Real Estate Developers to Further Widespread Adoption of Electric Vehicles

Car Charging Group, Inc. is continuing to provide real estate developers, for example those behind Artech, with electric car charging services. Artech is a 232-residence luxury condominium complex in Aventura, Florida. Car Charging Group, Inc. now provides Artech with electric car charging services in their 800-foot-long, 5-story parking garage.

The boomerang-shaped Artech complex features curvilinear floor plans, giving every unit a magnificent view of the surrounding bay. Located along a street known as “Thunder Alley,” the historic hub of the world’s most prominent powerboat manufacturers, Artech’s residences spans seven acres along the Intracoastal Waterway along 900 feet of unobstructed waterfront.

Artech residents who own electric vehicles will be able to conveniently charge their vehicles at the charging stations located on site. Artech will share a percentage of the revenue derived from the charging stations.

“Electric cars are coming. A driver might want to purchase an electric car, but if they don’t have a private garage, where can they charge them?” said Michael D. Farkas, Chief Executive Officer of Car Charging Group, Inc. “If we want electric vehicles to be successful on a large scale, we can’t rely on the government to do it all. We need big-box retailers, office buildings, malls, stadiums and fast-food franchises to participate in this movement – not only because it’s good for the environment, but also because it makes good business sense.”

“The developers behind Artech, Shefaor Development LLC, along with world-renowned architect Carlos Ott and co-developer Fortune International, envisioned not only a beautiful building but a smart building – a technologically advanced residence designed to bring your living space up to speed with the rest of your modern life,” said Gilbert Benhamou, Principal of Shefaor Development, LLC. “Installing a car charging station is a natural extension of our technological vision for the property.”

Headquartered in Miami, Florida, Car Charging Group, Inc. is an owner and provider of electric vehicle (EV) charging stations. Their corporate mission is to build-out a nationwide infrastructure, enabling EV and PHEV owners to charge their EVs anytime, as well as anywhere. Car Charging Group, Inc. owns, provides, installs and maintains electric vehicle charging units. The Company works with various landowner partners to identify appropriate locations for their charging stations.

For more information visit: www.carcharging.com

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