ECOtality Announces First Day of Trading on
NASDAQ
New Ticker Symbol:ECTY
May 19, 2010 06:40 PM Eastern Daylight Time
TEMPE, Ariz.--(EON: Enhanced Online News)--ECOtality, Inc. (NASDAQ:ECTY), a leader in clean electric
transportation and storage technologies, announced that tomorrow, May 20, 2010, will mark its first day of trading
of its common stock on the NASDAQ Capital Market exchange. The company’s new ticker symbol is
NASDAQ:ECTY.
“The move to NASDAQ is a tremendous milestone for ECOtality, and underscores our commitment to provide
transparency and visibility to our investors. As a worldwide leader in sustainable electric vehicle charging solutions,
we are in good company on NASDAQ,” said ECOtality President and CEO Jonathan Read. “On behalf of our
Board of Directors and management, I am pleased and proud to see our company take this very important step
forward.”
ECOtality and its subsidiary ECOtality North America are the lead grantees and project managers for The EV
Project, the world’s largest rollout of electric vehicle charging infrastructure. The EV Project is funded by a federal
stimulus grant through the U.S. Department of Energy of $99.8 million; with the partner match, the Project has a total
value of $200 million and will create or retain hundreds of jobs, as well as provide a boost to the national economy.
ECOtality has also recently expanded its international operations to include ECOtality Australia and ECOtality
China, and has received access to a credit facility of $300 million to support and enhance the company’s global
reach. ECOtality holds more than 50 national and international patents for battery charging and has installed more
than 5,500 charging stations for material handling, airline, marine and transit applications. Additionally, the company
has installed more charging stations for on-road applications than any other company in North America. The
company also has extensive research and development activities and has conducted more than 10 million m