Attached files
| file | filename |
|---|---|
| EX-10.1 - ECOTALITY, INC. | v208221_ex10-1.htm |
| EX-10.2 - ECOTALITY, INC. | v208221_ex10-2.htm |
| EX-17.1 - ECOTALITY, INC. | v208221_ex17-1.htm |
| EX-17.2 - ECOTALITY, INC. | v208221_ex17-2.htm |
| 8-K - ECOTALITY, INC. | v208221_8k.htm |
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Media:
Randall
Grilli
Corporate
Communications
ECOtality
rgrilli@ecotality.com
(415)
692-6723
mailto:
|
Investor
Relations:
Alliance
Advisors for ECOtality
Thomas
Walsh
twalsh@allianceadvisors.net
(212)
398-3486
|
|
ECOtality
Adds Enrique Santacana and Andrew Tang to its Board of Directors
ABB’s
North American President and CEO joins Managing Director of Technology Ventures
on ECOtality’s Board
SAN FRANCISCO – January 18,
2011 – ECOtality, Inc.
(NASDAQ:ECTY),
a leader in clean electric transportation and storage technologies, announced
today that Enrique Santacana and Andrew Tang, both from ABB, a leader in power
and automation technologies, have joined ECOtality’s Board of Directors. Enrique
Santacana is the President and Chief Executive Officer of ABB North America, as
well as the Region Manager of North America. Andrew Tang is the Managing
Director of ABB Technology Ventures. The two newly appointed board members join
as part of an investment and manufacturing
agreement, announced on January 11th, 2011.
“We are
pleased to announce the appointment of Enrique Santacana and Andrew Tang to our
Board of Directors,” said Jonathan Read, CEO of ECOtality. “Both men bring many
years of experience and professional expertise that will enrich ECOtality’s
Board and enhance our global objectives. We look forward to working with both of
our new Board members, as well as ABB, to create smart electric vehicle charging
solutions, expand intelligent electric vehicle infrastructure, and encourage the
mass consumer adoption of electric vehicles.”
In his
more than three decades with ABB, Enrique Santacana has held a variety of
executive management positions, and is currently the President and Chief
Executive Officer of ABB Inc. Additionally, Mr. Santacana serves as the Region
Manager of ABB North America and is also the Chairman of the North American
Committee. He is a licensed professional engineer in North Carolina, a member of
the Institute of Electrical and Electronic Engineers and the National Society of
Professional Engineers and brings extensive knowledge of the electrical
industry. Mr. Santacana sits on the Board of Governors of the National
Electrical Manufacturers Association (NEMA), where he is a member of the
Executive Committee, and is also a member of the NEMA Business Roundtable and
acts as its Vice Chair of their Sustainable Growth Initiative. He has
also served on the U.S. Department of Energy’s Electricity Advisory Committee
(EAC) where he helped the Department of Energy meet requirements of the Energy
Policy Act of 2005 and the Energy Independence and Security Act of
2007.
Andrew
Tang is the Managing Director of ABB Technology Ventures, and brings more than
10 years of venture capital and investment banking experience to ABB, which he
joined in 2010. Prior to his role at ABB, Mr. Tang was a Managing Director at
DFJ DragonFund, a partnership with Draper Fischer Jurveston focused on investing
in high-growth, China-based technology companies. He was also a
partner at Infineon Ventures, and previously worked at Infineon Technologies and
Credit Suisse First Boston. Mr. Tang holds a U.S. patent, and has been published
in numerous technical journals in the advanced materials field.
ECOtality
is project manager of The EV Project and will oversee the installation of 15,000
commercial and residential charging stations in 16 cities and major metropolitan
areas in six states and the District of Columbia. The project will provide an EV
infrastructure to support the deployment of 8,300 electric vehicles. The project
is funded by the U.S. Department of Energy through a federal stimulus grant of
$114.8 million, made possible by the American Recovery
and Reinvestment Act (ARRA). The grants are matched by private
investment, bringing the total value of the project to approximately $230
million.
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.
Forward-Looking
Statements
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.
###