Description
Ecotality, Inc., a Nevada corporation was incorporated in 1999 under the name Alchemy Enterprises, Ltd. to market biodegradable products. The Company's business activities are designing, manufacturing, testing and commercializing advanced electric vehicle ('EV') charging and energy storage systems. It operates three lines of business: Blink, Minit-Charger and eTec Labs. The Company offers electric vehicle charging stations under the Blink brand and provides a turnkey network operating system for EV drivers, commercial businesses and utilities. Minit-Charger manufactures and distributes fast-charging systems for material handling and airport ground support vehicles. eTec Labs is a trusted research and testing resource for governments, automotive OEMs and utilities. The Company is building the largest EV smart charging network in the U.S. Its cloud-based smart charging network, branded as the Blink Network, is initially supporting the adoption of EVs in major cities and metropolitan areas throughout the United States and Australia. Through innovation and strategic partnerships with companies such as ABB Inc. ('ABB') and its affiliates, it is establishing and monetizing the Blink Network. Initial commercial customers hosting its chargers include Cracker Barrel, Fred Meyer/Kroger, Ikea, Macy's, Sears and WalMart. Its main product offerings include: the Blink line of EVSE, or 'charging stations,' for passenger vehicle applications, represented by its Blink Level 2 residential and commercial chargers and Blink DC Fast Chargers, the Minit-Charger line of advanced fast-charge systems for industrial applications including material handling and airport ground support equipment, and testing and consulting services to utilities and government agencies worldwide, including the Advanced Vehicle Testing Activities and Advanced Vehicle Testing and Evaluation programs for the DOE, and the EV Micro-Climate Program. The primary direct competitors to the Minit-Charger systems are other fast-charge suppliers, including AeroVironment, Inc., Aker Wade Power Technologies LLC, C&D Technologies, Inc., EnerSys, and Power Designers, LLC. Its contracts with the U.S government and state and local governmental entities are subject to various procurement regulations and other requirements relating to their administration and performance.