eTec Changes Name to ECOtality North America
May 12, 2010 08:03 AM Eastern Daylight Time
PHOENIX--(EON: Enhanced Online News)--ECOtality, Inc. (OTCBB: ETLE), a leader in clean electric
transportation and storage technologies, announced today that its wholly-owned subsidiary, Electric Transportation
Engineering Corporation, commonly known as eTec, now has a new name: ECOtality North America.
ECOtality, Inc. acquired eTec in 2007, adding it to its family of high-tech energy companies. The company
anticipates a move to trade its common stock on the NASDAQ Capital Markets exchange shortly; this name change
will add even more consistency and transparency to ECOtality’s operations for its investors.
For nearly two decades, eTec has been the industry leader in every aspect of cutting-edge electric charging systems,
including systems for electric cars and plug-in hybrids; testing and development of advanced battery systems; and
material handling and airport ground-support applications now in use worldwide. The company has conducted more
than 10 million miles of vehicle testing on more than 200 advanced fuel vehicles and has been involved in every major
North American electric vehicle initiative since the organization was founded in 1989.
“ETec has been a dominant player in this industry for many years,” said ECOtality President & CEO Jonathan Read.
“As ECOtality expands its role as the international leader in electric vehicle charging solutions, we believe the new
name is the right way to publicly underscore the power of our combined forces and our commitment to the industry.”
“We will continue to do business with the same commitment and dedication that has been our hallmark for the past
20 years,” said Don Karner, President and CEO of ECOtality North America. “This name change will expand our
visibility, allowing us to grow even stronger.”
Together, ECOtality and eTec have been setting the standard for the industry. In October 2009, they began work on
The EV Project, the largest-ever electri