ECOtality Approved to Trade on NASDAQ
Capital Market
New Symbol is NASDAQ:ECTY
First Day of Trading to Be Determined Later This Month
May 13, 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 it has been approved to trade shares of its common
stock on the NASDAQ Capital Market. The company will trade under a new ticker symbol, NASDAQ:ECTY,
with an announcement regarding the first day of trading expected before the end of May.
“The transition to NASDAQ gives ECOtality much greater exposure to large institutions and funds, as well as much
more transparency for the market; the result is a more accurate evaluation of our company and an increase in
shareholder value,” said ECOtality President and CEO Jonathan Read. “We are honored by the approval,
particularly as our company continues to expand its global presence as the leading provider of infrastructure for
electric vehicles.”
ECOtality North America is the lead partner and project manager for The EV Project, the largest-ever deployment
of residential and commercial charge stations for electric vehicles. The EV Project was created in 2009 with a
stimulus grant of approximately $99.8 million from the U.S. Department of Energy, through the American
Reinvestment and Recovery Act, with the goal of creating thousands of new jobs, preserving existing jobs, and
jump-starting the economy. With a match from partners, The EV Project has a total value of more than $200 million,
and will support electric vehicles with residential, commercial and public chargers in major markets in five states:
Arizona (Phoenix & Tucson metropolitan areas), Washington (Seattle area), Oregon (Portland, Salem, Corvallis and
Eugene), California (San Diego) and Tennessee (Knoxville, Chattanooga and Nashville).
About ECOtality, Inc.
ECOtality, Inc. (OTCBB:ETLE), headquartered in Tempe, Arizona, is a leader in clean electric t