ECOtality, Inc. (ETLY.OB) Share Prices Increase 9.50% Thursday Morning
After a rather slow trading week, which can be attributed to the holidays, ETLY.OB shares jumped over 9% on 51,379 traded shares. In recent news the Company acquired Minit-Charger. The new subsidiary makes chargers for rechargeable lithium-ion and lead-acid batteries that can be used in electric light construction vehicles such as forklifts. The CEO of ECOtality, Jonathan Read, stated in an interview, “It's the charging system, very complex, that allows batteries to be charged to maximum charge on minimum time. It has a complex electrical system that adjusts once every 300 times per minute for variances.” This rapid charging technology…