For a Limited Time, CarCharging Offers Free Fast Charging at Northern California's Premier Shopping Center


charging station

MIAMI BEACH, FL--Dec. 19, 2013: Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging"), a nationwide provider of electric vehicle (EV) charging services, announced that the company has installed a Nissan EV DC Fast Charger at Simon Property Group's Stanford Shopping Center in Palo Alto, California. As Northern California's premier open-air shopping and dining destination with more than 140 world-class specialty stores, ranging from luxury brands to local favorites, Stanford Shopping Center is located in the heart of Silicon Valley between El Camino Real and Sand Hill Rd. Stanford Shopping Center serves the nearby affluent communities of Palo Alto, Menlo Park, Woodside, and Atherton.

CarCharging acquired the EV charging stations at the Stanford Shopping Center through its purchase of 350Green earlier this year. However, due to lack of support from the manufacturer of the previous DC Fast charging station at the shopping mall, CarCharging elected to replace the unit with another fast charger. DC Fast chargers drastically reduce charging times, charging a fully depleted Nissan LEAF to 80 percent capacity in approximately 30 minutes. As a token of appreciation for EV drivers, CarCharging will provide free charging for the Nissan quick charger at the Stanford Shopping Center for a limited time.

Earlier this year, CarCharging and Nissan announced a joint initiative to make EV charging more readily available and to expand consumer awareness of the electric car market. As a part of the initiative, CarCharging is deploying 48 Nissan-branded quick chargers and will continue to educate consumers about how the EV charging infrastructure enhances the adoption and use of electric cars. Additionally, through its recent acquisition of the Blink Network and Blink related assets, CarCharging also assumed two agreements with Nissan, which provided $3.59 million of incentive funding for EV charging infrastructure, hardware, and installation.

"At CarCharging, we understand how much EV drivers appreciate the opportunity to rapidly recharge their cars and want to accommodate their needs," said Michael D. Farkas, CEO of CarCharging. "Given our partnerships with Simon Property Group and Nissan, we are able to provide reliable charging service that EV drivers depend on as well as the opportunity to quickly recharge."

In addition to the Nissan quick charger, two Level II EV charging stations, which provide 240 volts with 32 amps of power to recharge an electric vehicle's battery, are also available at the Stanford Shopping Center. Drivers can quickly access and pay for the Level II charging services via major credit card or mobile application.

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