ADVISORY— ECOtality Announces New Corporate Headquarters
June 29, 2010
SAN FRANCISCO— Tuesday, June 29, 2010 — ECOtality, Inc. (NASDAQ:ECTY), a leader in clean electric transportation and storage technologies, announced the new location of its corporate headquarters today. The Company’s new base of operations is San Francisco, California.
The Bay Area is a nexus for the electric vehicle industry, and California is expected to be the largest EV market in the country. ECOtality’s move further solidifies the company’s market presence as a technology leader, allowing it to use regional partnerships and talent to build a strong networking and software division, as well as a strong national sales team operating from a major media market. The company will also benefit from California’s favorable incentives for renewable energy companies.
The company’s offices for Innergy Power and the ECOtality Store will continue operations in their current San Diego locations; company offices in Seattle, Portland, Los Angeles, and Tennessee will also continue unchanged. The company will maintain a shared services operation in Tempe, and ECOtality North America will continue regular business in Phoenix.
The new corporate contact information is as follows:
4 Embarcadero Center
San Francisco, California 94111
About ECOtality, Inc.
ECOtality, Inc. (NASDAQ:ECTY), headquartered in San Francisco, California, is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels. For more information about ECOtality, Inc., please visit www.ecotality.com.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.
Alliance Advisors for ECOtality