Ecotality, Inc. (ETLY.OB)

Posted: Thu Aug 30, 2007 11:57 pm

Ecotality, Inc., (ETLY) a development stage company, develops and commercializes electric power cell technology. It focuses on the design and license of an electric power cell for use in motorized vehicles and industrial equipment. A power or fuel cell is an electrochemical device that combines hydrogen and oxygen to produce electric power without combustion. The company was founded in 1999 as Alchemy Enterprises, Ltd. and changed its name to Ecotality, Inc. in November 2006 Ecotality, Inc. is based in Scottsdale, Arizona.

Posted: Fri Aug 31, 2007 10:02 am

Ecotality, Inc. (ETLY.OB) is Committed to Addressing Today’s Global Energy Challenge

The amount of energy available from fossil fuels is rapidly dissipating, and one day the conventional fuel may run out. Powering our world with fossil fuels, combustion engines, and carbon emitting power plants has threatened our environment and the life in it.

At some point, alternative energy may no longer be “alternative,” but instead be the only source of energy. Ecotality was formed to address this rising problem, and today is actively identifying new, cleaner technologies to power our planet.

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Posted: Fri Aug 31, 2007 10:09 am

Ecotality, Inc. (ETLY.OB) Key Alliances Strategically Position the Company for Greatness

Ecotality is actively pursuing and identifying innovative and revolutionary technologies. Strategically partnering with Fortune 500 companies and leading research & development institutions is one way the company expands this vision.

Through partnerships and acquisitions, Ecotality acquires the rights to technologies and ensure that they are developed properly. The company’s scientific teams conduct research & development on their technologies each day to strengthen Ecotality’s intellectual property.

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Posted: Tue Sep 04, 2007 12:14 pm

ECOtality, Inc (ETLY.OB) Announces Promotion through QualityStocks.net

ECOtality will be featured in upcoming Daily Newsletters and the Small Cap Daily Internet broadcasts put out by QualityStocks. QualityStocks has over 300,000 subscribers to The Daily Stock Newsletter. It is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one free Daily Newsletter Report.

Mr. Jonathan Read, President & CEO of ECOtality, has his company focused on developing and commercializing eco-friendly technologies. Mr. Read stated, “ECOtality’s current stage of development is presenting a serious opportunity for investors. I am very pleased that ECOtality is being sponsored in the Quality Stocks Newsletter, Video and Blogs. QualityStocks is providing a much needed service in the micro-cap and small cap markets.”

Michael McCarthy, Director of Business Development for QualityStocks.net, stated that he is excited to have ECOtality as a featured company. He continued to say that ECOtality is quickly establishing itself as a category leader.

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Posted: Wed Sep 05, 2007 7:31 am

ECOtality, Inc. (ETLY.OB) Receives U.S. Department of Energy Contract to Vendor Fuel Cell Kits

ECOtality announced this morning that the U.S. Department of Energy (DOE) awarded ECOtality’s subsidiary, Fuel Cell Store, the contract to provide hydrogen fuel cell kits for the 2007 U.S. Department of Energy National Science Bowl. Fuel Cell Store was also awarded up to $138,000 for technical support and hydrogen fuel cell kits for the competition.

The Founder of Fuel Cell Store, Kathleen Larson, stated, “We are very proud to be the official supplier of hydrogen fuel cell kits for the U.S. Department of Energy National Science Bowl for the fourth year in a row. This is one of the most important fuel cell competitions in the world and this contract continues to validate our position as the premier fuel cell supplier to educational and government institutions.”

The U.S. Department of Energy’s National Science Bowl invites students all over the nation to compete, and tests students’ knowledge in all areas of science. The Hydrogen Fuel Cell Model Car Challenge, which is the featured event at the National Finals, enables students to design, build, and race model cars using hydrogen fuel cell kits that were designed and manufactured by Fuel Cell Store, in partnership with H-tec.

Jonathan Read, CEO & President of ECOtality, commented, “Through ECOtality, the Fuel Cell Store is able to proceed with its expansion plan as the preeminent designer and manufacturer of fuel cell technologies for the educational and scientific sectors. As hydrogen continues to move into the mainstream as a renewable fuel source, growth in the fuel cell market will continue through increasing research and development funding and investments.”

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Posted: Wed Sep 05, 2007 10:09 pm

ECOtality Inc. (ETLY.OB) Fuel Cell Store Awarded U.S. Department of Energy Contract

ECOtality, Inc. a technology innovator that addresses the global energy challenge by developing and commercializing eco-friendly technologies, today announced that the U.S. Department of Energy (DOE) has awarded Fuel Cell Store (www.fuelcellstore.com), a subsidiary company of ECOtality, the sole contract to provide hydrogen fuel cell kits for the 2007 U.S. Department of Energy National Science Bowl®. The contract awards Fuel Cell Store, a leading online retailer for the fuel cell industry, up to $138,000 to provide technical support and hydrogen fuel cell kits for the competition.

The U.S. Department of Energy National Science Bowl® is a nationwide academic competition for middle and high school students that tests students' knowledge in all areas of science. The featured event at the National Finals, the Hydrogen Fuel Cell Model Car Challenge, invites students to design, build, and race model cars using the hydrogen fuel cell kits designed and manufactured by Fuel Cell Store in partnership with H-tec, a German fuel cell company. This competition also provides hands-on experience to the students in the automotive design process and with hydrogen fuel cell technology.

Fuel Cell Store, based in Boulder, Colorado, distributes, manufactures, and sells a comprehensive range of fuel cell products including fuel cell stacks, systems, component parts and educational materials. The company is a leading online marketplace for fuel cell related products and technologies, and offers consulting services, workshops and conferences for the fuel cell industry. Currently, the company also hosts online sites for distributors in Japan, Russia, Italy and Portugal. The official hydrogen fuel cell kit for the Department of Energy National Science Bowl® will be available to the public in November exclusively through Fuel Cell Store.

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Posted: Thu Sep 06, 2007 8:18 am

President & CEO of ECOtality, Inc. (ETLY.OB) Featured in Exclusive Interview at SmallCapVoice

SmallCapVoice announced today that Mr. Jonathan Read, President & CEO of ECOtality, was recently interviewed by the website and that the new audio interview is available for listening at: http://www.smallcapvoice.com/etly/index.php

ECOtality is a technology innovator that uses R&D resources all over the globe to develop and commercialize renewable energy technologies. Through strategic partnerships, the company applies scientific knowledge and creates proprietary green energy technologies.

SmallCapVoice.com is a recognized corporate consulting firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors.

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Posted: Mon Sep 10, 2007 8:00 am

Beacon Equity Research Awards ECOtality, Inc. (ETLY.OB) with $2.70 Price Target

Beacon Equity announced that it is initiating coverage for ECOtality, and released a 20-page research report. The CFA who completed the report offers over 15 years of experience in equity research and investment marketing.

ECOtality develops clean energy solutions for the alternative energy industry. The Company is focusing on renewable energy technologies, which it plans to commercialize through acquisitions, partnerships and research and development. ECOtality has formed alliances with Fortune 500 companies and leading research and development institutions to deliver commercially-available clean power.

Its current research focus is designing and licensing a cost-efficient hydrogen-based electric power cell system called Hydrality for use in motor vehicles and industrial equipment. It is collaborating with JPL to design and test a full 65 kilowatt Hydrality system suitable for mass production and use in commuter buses, and hopefully by extension, all vehicles.

Hydrality could be the solution for making hydrogen a commercially viable fuel source. The portable system creates hydrogen using readily available magnesium and water. The entire process is non-toxic, non-combustible and environmentally-friendly.

The research firm closed the report stating, “Applying a 7.0 times Price/Sales multiple to our 2008 revenue estimate for ECOtality, we derive a target price of approximately $2.70, suggesting considerable appreciation potential from the current $0.54 price. As a result, we are initiating coverage of ECOtality shares with a Speculative Buy rating and a $2.70 target price.

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Posted: Thu Sep 20, 2007 10:02 am

ECOtality, Inc. (ETLY.OB) Signs Definitive Agreement to Acquire Innergy Power Corporation

ECOtality announced this morning that it has entered a definitive agreement to purchase the assets of Innergy Power Corporation. Innergy Power is focused on designing and manufacturing thin, sealed rechargabele lead batteries and high quality flat-panel multi-crystalline solar modules. The acquisition is expected to close in October of this year.

Jonathan Read, President and CEO of ECOtality, stated, “The acquisition of Innergy helps ECOtality grow financially, technologically and strategically. Innergy provides us a profitable expansion platform for solar and energy storage solutions, as well as a low-cost manufacturing facility in Mexico. From the outset, ECOtality has sought to become a diversified renewable energy company committed to green, electro-centric technologies by expanding our portfolio with synergistic companies that complement our core technology, Hydrality(TM). The acquisition of Innergy is a strong step to fulfilling these objectives.”

Innergy Power’s fiberglass reinforced panel solar modules are designed to meet a variety of applications where quality, durability, and light weight are important. Some of the applications include logistics tracking, asset management systems, off-grid lighting, mobile communications, mobile computing, recreational vehicles, signaling devices and surveillance cameras.

He concluded, “Our lives are increasingly dependent on electricity. Yet the only practical means to address the world’s growing appetite is by developing and delivering clean technologies that allow for the conversion of renewable energy sources to electricity. Innergy Power’s products enable users to create, store and use “clean” electricity, anywhere while on-the-go.”

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Posted: Fri Sep 28, 2007 11:53 pm

ECOtality, Inc. (ETLY.OB) Could Have the Solution to Future Energy Needs

ECOtality’s Hydratus is a solution to many of the problems facing the commercialization of hydrogen fuel cell technologies. The system produces hydrogen on demand by using magnesium and water without emitting anything other than pure water.

Prestigious research associations have joined the company in its development such as Arizona State University, Department of Chemical Engineering, National Aeronautics and Space Administration’s (NASA) Jet Propulsion Laboratory (JPL) Task Force, GreenMountain Engineering and Airboss Aerospace.

While hydrogen fuel cells and electric motors are reliable and readily available, no one has been able to create a compact device that can produce hydrogen on the go. The Hydratus is the only solution to this problem, and would make hydrogen fuel cell technologies a viable way to power buses, trains, cars and other energy demanding applications.

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Posted: Tue Oct 02, 2007 9:31 am

ECOtality, Inc. (ETLY.OB) Completes Acquisition of Innergy Power Corp.

ECOtaltiy announced today that it has acquired Innergy Power Corporation. Innergy is a leader in the design and manufacture of thin sealed rechargeable lead batteries and high quality flat-panel multi-crystalline solar modules. Innergy will operate as a subsidiary of ECOtality, and there will be no changes to the company’s management team.

The President and CEO of ECOtality stated, “As ECOtality seeks to become a holistic and diversified renewable energy company, it is important that we build a portfolio of synergistic companies and products that complement our core technology, Hydrality. Innergy Power is one of such companies. As part of our growth strategy, Innergy Power will be one of our platforms for further expansion into both energy storage solutions and solar applications. Moving forward, we are identifying new markets and applications for Innergy Power and expect to expand its product lines and manufacturing capabilities to substantially increase revenues in 2008.”

The acquisition of Innergy will provide ECOtality with access to a manufacturing facility in Mexico and a profitable expansion platform for solar and energy storage solutions. The manufacturing facility will give the company additional manufacturing capabilities for ECOtality’s Fuel Cell Store that the Company acquired in June of this year.

Darrell Musick, President & CEO of Innergy Power stated, “Innergy Power is pleased to join the ECOtality family of companies. ECOtality’s financial assets, strong entrepreneurial and management experience will help fuel the growth of Innergy Power’s business as we grow our leadership position and expand into other markets. By marrying our technical and manufacturing strengths with ECOtality’s strong financial backing, we will be able to deliver more portable off-grid solar-powered energy storage and applications for users to harness, store and use clean electricity anywhere.”

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Posted: Fri Oct 05, 2007 9:22 am

ECOtality, Inc. (ETLY.OB) Fuel Cell Store to Distribute Medis 24/7 Power Pack

Fuel Cell Store, a division of ECOtality, announced today that it has agreed with NCS to market and sell a commercial fuel cell product by Medis Technologies Ltd. (NASDAQ: MDTL). The product, Medis 24/7 Power Pack, is a portable power supply for handheld electronic devices and is the world’s first UL listed commercial fuel cell for consumers.

Priscilla Wilson, President and CEO of Fuel Cell Store, stated, “Fuel Cell Store is excited to be an online retailer of the Medis 24/7 Power Pack as it is one of the first affordable, commercially-available and application-rich fuel cell products for consumers. Fuel Cell Store is constantly researching and identifying new companies, technologies and trends in the fuel cell industry in order to offer our customers the most advanced and highest quality products. The Medis 24/7 Power Pack falls squarely in that category.”

Brian Warf, President of NCS Power, commented, “As Fuel Cell Store is one of the dominant worldwide distributors for the fuel cell industry, having the Medis 24/7 Power Pack featured on their site provides a great opportunity to expand awareness of the Medis 24/7 Fuel Cell Power Pack in international markets. The Medis 24/7 Power Pack is the first fuel cell product to be commercially available to consumers and its availability on Fuel Cell Store is a significant step towards mass commercialization of consumer fuel cell products.”

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Posted: Thu Oct 11, 2007 9:23 pm

ECOtality, Inc. (ETLY.OB) to Present at the ValueRich Small Cap Financial Expo

ECOtality announced after the bell today that it will have the opportunity to present to an audience of 1,000 investment bankers, fund managers, institutional investors, brokers, research analysts, and high net worth investors at the ValueRich Small Cap Financial Expo.

During the presentation, The CEO of ECOtality will discuss the company’s efforts to efforts to solve the issue of commercializing hydrogen fuel cell technologies. Also on the agenda is to enlighten attendees about ECOtality’s on-board hydrogen generation technology, Hydrality.

The conference will take place in New York City on October 18, at the W Hotel. ECOtality is scheduled to present in the Arbor Room. For more information regarding the ValueRich Small Cap Financial Expo, please visit http://www.ivaluerich.com/expo.php

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Posted: Fri Oct 12, 2007 10:17 am

ECOtality, Inc. (ETLY.OB) Fuel Cell Store to Sponsor Annual International Youth Fuel Cell Competition

ECOtality announced that its subsidiary, Fuel Cell Store, will be sponsoring the International Youth Fuel Cell Competition. The event will allow students to display their custom-built solar and hydrogen fuel cell cars. The participants will be faced with the same challenges as world-class auto manufactures.

This special sponsorship opportunity will give ECOtality’s subsidiary increased exposure and marketing awareness to those specifically interested in fuel cell technology. The Fuel Cell Store is a leading online marketplace for fuel cell related products and technologies. The subsidiary also offers consulting services, workshops and conferences for the fuel cell industry.

The week-long competition will be held in San Antonio, TX, beginning October 15, 2007. A team of judges from the fuel cell industry will determine the winners and award them at the Awards Banquet on October 17, 2007.

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Posted: Mon Oct 15, 2007 3:24 pm

ECOtality, Inc. (ETLY.OB) Explodes 20.83% on Significant Volume

ETLY.OB shares are exploding over 20% this afternoon as the stock moves off a well formed base that was formed after 2 weeks of consolidation. The volume has also increased along with the price and is currently at 178,987 traded shares.

ECOtality’s mission is to develop and commercialize environmentally friendly energy systems and solutions that address today’s global energy challenge. Its strategic alliances with Airboss Aerospace, GreenMountain Engineering, and NASA’s Jet Propulsion Laboratory play a key part in meeting its goals.

Its premier product, Hydrality, could be the missing link to making hydrogen a commercially viable fuel source. Without emitting toxic elements, the system produces hydrogen on demand with readily available materials.

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Posted: Tue Oct 16, 2007 8:00 am

ECOtality, Inc. (ETLY.OB) to Participate in Department of Energy’s Advanced Hydrogasification Project

ECOtality announced this morning that it will participate in Arizona Public Service’s Advanced Hydrogasification Project (AHP). Arizona Public Service is the state’s largest public utility company, and has received $8.9 million from the U.S. Department of Energy for this project. Through the partnership, ECOtality’s premiere product, Hydrality, will be investigated to support Arizona Public Service’s hydrogasification efforts to deliver “clean” electricity.

The public service’s Advanced Hydrogasification Project joins together industry partners, including the DOE National Energy Technology Laboratory, to develop an economical method to produce substitute natural gas from coal without the release of carbon dioxide. The project will use hydrogen to react with the coal. ECOtality’s Hydrality will be evaluated to determine if it can be used for the large-scale hydrogen production and storage applications required.

Jonathan Read, President and CEO, stated, “In the process of researching and developing the Hydrality technology, we have identified several additional applications for Hydrality that include stationary use, remote power, back-up power systems, and large scale industrial and utility use. Our invitation to participate with APS and DOE/NETL in the AHP project expands the developmental scope of Hydrality beyond transportation into large-scale utility power applications.”

Don Karner, Hydrality’s project manager commented, “Through extensive testing and analysis of Hydrality, we have discovered that the system also has tremendous potential for the storage of hydrogen to support industrial processes like coal hydrogasification and renewable energy storage. As we strive to find more cost-effective ways to meet our nation’s growing demand for electricity while reducing greenhouse gas emissions, participation in the AHP project allows us to further evaluate and refine Hydrality while exploring additional uses in process and utility industries.”

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Posted: Thu Oct 18, 2007 10:12 pm

ECOtality, Inc. (ETLY.OB) Announces Winners of 2007 International Youth Fuel Cell Competition

ECOtality’s subsidiary, Fuel Cell Store, announced the winners of the 2007 International Youth Fuel Cell Competition, which was held from October 15 through October 17 in concurrence with the 2007 Fuel Cell Seminar & Exposition in San Antonio, Texas.

The main events of the Fuel Cell Competition include: The Academic Bowl to test technical knowledge of fuel cells, The Fuel Cell Lift Competition to challenge participants to build a model fuel cell powered forklift, and The Fuel Cell Model Car Competition to challenge participants to build and race a model fuel cell car.

Kay Larson, director of the competition, stated, “The 2007 International Youth Fuel Cell Competition was a huge success as participants from across the world gathered this week to showcase their knowledge and application of hydrogen fuel cell technology. As fuel cells have immediate commercial applicability with lift trucks and heavy materials handling, the IYFCC fork lift competition tasked participants to overcome the same challenges that are being faced by the major fuel cell manufacturers today.

He continued to say, “As the major international fuel cell competition, the IYFCC fosters students across the world to critically think about and apply cutting edge alternative energy technologies and highlights the emerging role that fuel cells can and will have for our immediate future.”

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Posted: Tue Oct 23, 2007 8:47 am

ECOtality, Inc. (ETLY.OB) Appoints Raghu Ram as Vice President of Finance

ECOtality announced this morning that it has appointed Raghu Ram as the Vice President of Finance. Mr. Ram will be in charge of internal financial administration and reporting, as well as work closely with the Company’s Chief Financial Officer and the Chief Executive Officer.

Jonathan Read, President & CEO of ECOtality, stated, “As we actively acquire new companies and synergistic technologies, ECOtality will segment the financials of our wholly owned subsidiaries to provide financial accountability and visibility of each ECOtality company. While ECOtality continues to expand our operations, it is important we have an intelligent, adaptive and experienced core management team and are pleased to welcome Mr. Ram to the ECOtality family.”

He continued to say, “Mr. Ram, with significant global experience in business process improvements, internal controls and external financial reporting will play an integral role in assisting and streamlining ECOtality’s transition from a single technology development company to a revenue-generating diversified renewable energy corporation.”

The new Vice President of Finance is a Cost and Management Accountant, a Certified Public Accountant and a Certified Management Accountant with over 15 years of experience in financial services. Previously, he served KPMG as manager of the Audit and Risk Advisory Services Practices. He also brings international experience as he has worked in other countries in addition to the United States.

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Posted: Fri Nov 02, 2007 10:01 pm

ECOtality, Inc. (ETLY.OB) Appoints Slade Mead to Board of Directors

ECOtality announced today that it has appointed Mr. Slade Mead to the Board of Directors. He is a lawyer, professional sports consultant and former Arizona State Senator. Mr. Mead has won multiple awards, including Arizona School Board Legislator of the Year, Arizona Women’s Political Caucus Legislator of the Year, and Arizona Career Technical Education Policy Maker of the Year.

Jonathan Read, President & CEO of ECOtality, stated, “We are pleased to welcome Mr. Mead to the ECOtality Board of Directors. Mr. Mead possesses a broad legal and political background with tremendous expertise in government relations that will further strengthen the mix of skills and diversity of our board. As ECOtality continues to expand its clean technology portfolio, the company will benefit from the knowledge, contacts and experience acquired during his accomplished career.”

ECOtality is a company focused on acquiring and commercializing advanced clean electric technologies and applications. Through strategic acquisitions, partnerships and technology innovations, ECOtality strives to lead the market of clean electric technologies.

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Posted: Wed Nov 07, 2007 9:33 am

ECOtality, Inc. (ETLY.OB) Further Enhances Offerings through Acquisition of eTec

ECOtality announced this morning that it has acquired Electric Transportation Engineering Corporation (eTec) and its affiliated companies for $6.25 million in cash and stock. eTec is a recognized leader in the research, development and testing of advanced transportation and energy systems, specializing in alternative-fuel, hybrid and electric vehicles. eTec has developed and obtained exclusive patent rights to a rapid charging system that extends battery life without destructive effects. There are more than 300 eTec SuperCharge systems in daily operation that service more than 1,000 electric ground support equipment.

The acquisition, combined with the acquisitions of Innergy Power Corporation and Fuel Cell Store, will provide ECOtality with a revenue base of companies that together have a yearly revenue of $9.39 million. To continue executing the company’s strategic growth plan and to complete the eTec acquisition, ECOtality has successfully raised $3.5 million of capital from institutional investors.

Jonathan Read, President and CEO of ECOtality, stated, “The acquisition of eTec allows us to further grow financially, technologically and strategically in the areas of clean energy creation, storage and delivery. Through successful execution of our strategy to acquire and commercially advance revenue-generating companies and technologies such as eTec, ECOtality has become a diversified renewable energy company that will be a leader in changing the way we consume energy. With major automakers and federal agencies focused on advancing hybrid and plug-in electric vehicles, eTec’s expertise in transportation, electrical infrastructure and industrial fast-charge systems expands our presence in the consumer market.”

Don Karner, President of eTec, commented, “The acquisition by ECOtality provides eTec the ability to increase our operations in the research, testing and development of alternative-fueled and electric energy systems and infrastructures. As one of the few players in the fast-charge battery market, we recognize the shift in the transportation industry towards more electric dominant power systems. The acquisition by ECOtality provides us the opportunity to aggressively expand the market share of the eTec SuperCharge system and explore additional markets and applications such as plug-in hybrid electric vehicles, pure electric vehicles and their respective infrastructures.”

Mentioned benefits of the eTec acquisition include:

• eTec, which has existing contracts with public and private entities through 2009 worth approximately $11.5 million, will provide significant revenues for ECOtality.
• eTec’s experience in developing hydrogen powered vehicles and refueling systems provides tremendous synergies that will benefit the development of Hydrality – an on-demand hydrogen production and storage technology.
• eTec, which designed, manufactured and installed public, commercial and residential recharging systems for the GM EV-1, Chrysler EPIC, and Ford Ranger electric vehicle programs, will position ECOtality as a leader in electric and hybrid electric vehicles and infrastructure.
• According to Frost & Sullivan, the HEV and EV battery market is expected to grow at a compound annual growth rate (CAGR) of 14.8 percent from 2006 to 2013. The market grew 25.9 percent from 2005-2006.
• eTec’s contacts and relationships with major automotive manufacturers, international government agencies and leading research institutes provide a direct link to market trends, emerging technologies, new products and technologies and additional research and funding opportunities.
• eTec will assist in identifying new applications and expanding ECOtality’s subsidiary Innergy Power Corporation’s ThinLine battery products.
• With access to ECOtality’s manufacturing facility in Tijuana, Mexico, eTec can explore increasing the development and manufacturing of eTec SuperCharge components and systems.
• eTec will provide ECOtality with resources for expansion and integration of energy solutions and applications for solar, hydrogen and electric systems.
• eTec creates an immediate leadership role for ECOtality in battery and charging industries.

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