Grid-Interop 2011 – ECOtality, Inc. (NASDAQ: ECTY), a leader in clean electric transportation and storage technologies, and Silver Spring Networks, Inc., today announced an agreement to integrate ECOtality’s Blink® electric vehicle (EV) charging stations with the Silver Spring Smart Energy Platform. ECOtality will market and sell the integrated Blink stations globally, enabling utilities to offer their customers smart EV charging options. The companies demonstrated product interoperability at Grid-Interop 2011 this week.
“By partnering with Silver Spring, we are demonstrating that Blink continues to evolve as the most agile and intelligent charging station solution in the industry,” stated Jonathan Read, CEO of ECOtality, Inc. “We will continue to support strategic connections to the Blink Network, which offers local incentive programs, reservation systems, and remote monitoring of charge status.”
The joint development agreement will provide another option, in which the Blink station leverages Silver Spring’s Direct-to-Grid communications to securely connect to a utility’s Silver Spring smart grid network. Silver Spring utility clients can also deploy Silver Spring’s UtilityIQ Demand Response Manager, a robust demand response management system that includes smart EV charging. The application enables utilities to offer their customers EV charging options, schedule charging for off-peak times to reduce customer bills and control load for grid reliably, and collect EV-specific consumption data for billing.
“We are proud to be providing solutions that help increase global EV adoption, one of the smart grid-enabled offerings customers are most excited about,” said Matt Smith, senior director of the demand side management business at Silver Spring. “This integration with ECOtality will enable consumers and utilities to adopt electric vehicles with confidence, by providing the ability to manage energy costs and maintain grid reliability.”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. About Silver Spring Networks Silver Spring Networks provides a leading networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid, helping utilities to achieve operational efficiencies, reduce carbon emissions and empower their customers with new ways to monitor and manage their energy consumption. Silver Spring provides the hardware, software and services that allow utilities to deploy and run multiple smart grid solutions, including Advanced Metering, Distribution Automation and Demand Side Management, over a single, unified network. Silver Spring's Smart Energy Platform is based on open, Internet Protocol (IPv6) standards, allowing continuous, two-way communication between the utility and devices on the grid. Silver Spring has numerous deployments with leading utilities around the world, including Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Inc., and United Energy Distribution, among others. For additional information, please visit www.silverspringnet.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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV