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News release

Chicago, IL.

ECOtality Selects Jones Lang LaSalle for Site Selection of Blink® Electric Vehicle Charging Infrastructure Network

Firm’s Corporate Retail Solutions team to identify more than 2000 locations as part of The EV Project, a $230 million public-private initiative to build EV infrastructure


CHICAGO, May 18, 2011 – As part of its $114.8 million federal stimulus grant to construct the country’s electric vehicle (EV) charging station infrastructure, ECOtality, Inc. (NASDAQ:ECTY), a leader in clean electric transportation and storage technologies, has chosen Jones Lang LaSalle’s Corporate Retail Solutions team to assist in location selection, conduct due diligence and negotiate contracts with potential host locations throughout EV Project regions to install ECOtality’s Blink® EV Chargers.

“Recent investment in electric cars has been substantial, and the eventual demand for charging stations is going to hit the real estate market,” said Matt Merrill, Vice President at Jones Lang LaSalle. “With more than one million electric vehicles expected to be in use by 2015, users need to know that there’s an infrastructure to charge their cars when they are on the road.  Our expertise in commercial real estate and shopping habits position us well to identify and negotiate optimal sites.”

In partnership with ECOtality, Jones Lang LaSalle will assist in identifying over 2,000 host sites for Blink Chargers in select EV Project markets across the country including San Francisco, Los Angeles, San Diego, Seattle, Phoenix, Tucson, Ariz., and Portland, Ore., as well as various cities and metropolitan areas throughout the state of Tennessee.

ECOtality is project manager of The EV Project, the largest deployment of EV infrastructure in history. As part of the Project, data will be collected from host locations to help determine how smart EV infrastructure, like ECOtality’s Blink Chargers, can be supported in parking lots at shopping centers, office buildings, municipal properties, and other appropriate public and commercial locations.  This data will play an important role in reaching President Obama’s goal of “one million EV cars on the road in the United States by 2015.”

“This is unchartered territory,” Merrill said. “As more electric cars hit the roadways, more charging stations will be necessary.  Real estate owners are going to need some guidance from experts on managing this new trend.”

In 2009, the Department of Energy awarded $2.4 billion in stimulus money to various entities to build electric vehicles and develop a charging station infrastructure, spurring the electric car’s growth. Currently, the cumulative investment in national and regional charging station infrastructure is projected to reach between $5 billion to $10 billion by 2015, according to information from the Electric Drive Transportation Association (EDTA).   

The Nissan Leaf and the General Motors Chevy Volt are currently being deployed in EV Project regions.  Further, an estimated 20 electric car models, are expected to hit the marketplace and roadways by 2012, according to the same information.

“Jones Lang Lasalle is one of the largest global real estate specialists and managers of commercial properties, with knowledge of a variety of markets and keen insight of the importance of location for the growth of businesses,” said Jonathan Read, CEO of ECOtality. “Together, we will work to select Blink Charger locations, and build an EV infrastructure that will ensure maximum use, and further the EV industry’s potential for growth.” 

ECOtality is the project manager for The EV Project, overseeing the installation of approximately 14,000 commercial and residential charging stations in 18 cities and major metropolitan areas in six states and the District of Columbia. The Project will provide the EV infrastructure necessary to support the deployment of 8,300 electric cars. It 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. The grants are matched by private investment, bringing the total value of the project to approximately $230 million.

Jones Lang LaSalle brings to the table a wide breadth of real estate services to multiple sectors including retail. Its Corporate Retail Solutions Group provides outsourced real estate services for retailers to enhance their profits. The Company also offers Energy and Sustainability Services, and works with occupiers and investors to develop corporate sustainability strategies, manage sustainable development projects and retrofits, and implement sustainable building operations management. The Company’s expansive real estate service offerings; prominence in a multitude of real estate sectors and markets; and commitment to sustainability make it a viable candidate for influencing EV infrastructure. 

“The synergy from ECOtality’s strong handle on the electric transportation market, and Jones Lang LaSalle’s firm grasp on commercial real estate as well as energy and sustainability could really make a difference in the adoption and support of electric vehicles,” said Peter Belisle, President of Jones Lang LaSalle’s Energy and Sustainability Services in the Americas. “We’re proud to be part of an initiative that could make a difference to our environment as well as create opportunities for our clients.” 
 
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 Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $43 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.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.