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ECOtality Inc. (ETLY.OB) Announced Completion of Minit-Charger Products Consolidation

Today ECOtality Incorporated announced that its wholly owned subsidiary, Electric Transportation Engineering Company (eTec), has successfully completed the consolidation of the manufacturing and assembly of all Minit-Charger products to Low & High Power Group Inc. of Mississauga, Ontario. After the consolidation, Electric Transportation Engineering Company will continue to oversee all materials and parts suppliers, retain control of all product design and configurations, and shift all Minit-Charger product engineering and development to its Phoenix, Arizona engineering facility.

Since the December 2007 acquisition by ECOtality, the Minit-Charger line of fast battery charging systems for material handling equipment has been managed, distributed and operated by eTec. This consolidation is intended to streamline shipping operations, reduce overhead costs, and provide increased manufacturing capabilities. Don Karner, president and CEO of eTec said of the acquisition: “With more than 10 years experience supplying and manufacturing Minit-Charger products, we are confident Low & High Power Group will continue to manufacture our fast-charging products to the highest quality standards that eTec customers have come to expect and rely upon.”

 The transition will allow ECOtality to focus on and explore additional market applications for their quick charging battery technologies. On the horizon for the company may be other uses for their plug in electric vehicles. Looking into the future of the company, president and CEO of ECOtality, Jonathan Reed noted, “As the material handling industry continues to transition from propane and diesel to pure electric lift trucks, this manufacturing consolidation helps us move forward with our goal of enabling an electro-centric world where we power all vehicles, from material handling equipment to automobiles, with clean electricity.”

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