ECOtality, Inc. Announces Q2 Revenue Provides
Shareholder Update
l Second Quarter 2010 Revenues Increased 95% to $3.4 Million
l Expands DOE Sponsored EV Project to 16 Cities
l Shareholder Update Conference Call, August 17th at 4:30 EDT
August 16, 2010 08:33 AM Eastern Daylight Time
SAN FRANCISCO--(EON: Enhanced Online News)--ECOtality, Inc. (NASDAQ:ECTY), a leader in clean
electric transportation and storage technologies, announced today it increased revenue by 95 percent to $3.4 million
for the second quarter 2010. The Company will host a shareholder update conference call on Tuesday, August 17 at
4:30 PM EDT, where it will provide a financial and operational update.
“ECOtality continued its strong operational growth during the second quarter 2010, with our expansion of the
Department of Energy-sponsored EV Project to several new locales, the inclusion of the Chevrolet Volt, and the
addition of $15 million in project funds,” said Jonathan Read, President and CEO, ECOtality. “We believe our
financial success will continue to grow exponentially over the next several quarters as the EV project progresses and
the installation of charging stations begin on a much larger scale beginning towards the end of 2010. Not only will the
undertaking provide our shareholders with a stronger financial base, but the installations will further solidify
ECOtality’s position as the leader in EV charging.”
Key Operational and Financial Highlights
l ECOtality unveiled its flagship Blink Level 2 commercial and residential chargers during a press conference at
Plug-In 2010.
¡ Designed by frog design, the Blink Level 2 residential and commercial chargers’ sleek, sculptural unit
boasts a bright, interactive, networked touch screen that allows EV drivers to choose the most
convenient time to charge and to program the device to charge when rates are lowest, saving
consumers time and money.
¡ The Company announced that Roush Manufacturing, a global powerhouse in cutting-edge product
development, compositio