Ecotality, Inc. ECTY Archives - Page 2 of 4

TuesdayDec 11, 2007 5:24 am

ECOtality, Inc. (ETLY.OB) Announces Completion of Minit Charger Acquisition

ECOtality announced this morning that it has successfully completed the acquisition of Minit Chager, a subsidiary of Edison International, a NYSE-listed company. The Minit-Charger is a rapid battery charging system that provides a more environmentally-friendly, energy and cost efficient means of recharging forklifts and other mobile material handling equipment. As of last Friday, the company will operate as part of ECOtality’s subsidiary, Electric Transportation Engineering Corporation (eTec). Jonathan Read, President and CEO of ECOtality, stated, “The acquisition of Minit-Charger symbolizes ECOtality's commitment to acquire and further commercialize clean electric technologies with immediate practical applications that reduce our dependence upon fossil…

MondayDec 10, 2007 10:31 am

Ecotality, Inc. (ETLY.OB) Share Prices Increase an Additional 16% During Monday’s Trading Hours

Ecotality shares continued to uptrend today. The upward move began last week after the company announced its potential fourth acquisition for the year. So far today share prices have reached as high as $0.31 and are currently trading at $0.29. The company to be acquired, Minit-Charger, is currently a subsidiary of Edison International, a NYSE-listed company. The acquisition of Mini-Charger will enable the company to increase its presence in the battery and fast-charge markets in addition to developing further applications for plug-in hybrid and electric vehicle markets as well as infrastructures. Minit-Charger’s premiere product is a rapid battery charging system that provides a…

ThursdayDec 06, 2007 9:30 am

ECOtality, Inc. (ETLY.OB) Schedules Shareholder Conference Call for Next Week

ECOtatlity recently announced that the Company will be hosting a shareholder update conference call next Wednesday at 4:30 pm. The President and CEO of ECOtality, CFO of ECOtality, President and CEO of eTec, and President and CEO of Innergy Power will all attend. The call will discuss the Company’s recent acquisitions and provide an update regarding general business developments. Those interested will be able to participate by dialing (866) 225-8729 or (480) 629-9564 for international callers. When prompted, ask for the "ECOtality, Inc. Shareholder Update Conference Call" and enter Passcode 3814022. A telephonic replay of the conference call may be…

ThursdayDec 06, 2007 5:38 am

ECOtality, Inc. (ETLY.OB) to Acquire Fourth Company this Year

ECOtality announced today that it has entered a definitive agreement to purchase all the assets and business of Minit-Charger - which is a subsidiary of Edison International, a NYSE-listed company – for $3 million. This strategic acquisition, combined with the previously announced acquisitions of Electric Transportation Engineering Corporation (eTec), Innergy Power Corporation and Fuel Cell Store, will provide the Company with a revenue base of subsidiaries who have a collective trailing twelve month revenues of $14.55 million for the period ending the third quarter of this year. ECOtality expects to close the acquisition within the next week. Since its beginning…

MondayNov 12, 2007 6:30 am

ECOtality, Inc. (ETLY.OB) Appoints Donald Karner to Board of Directors

ECOtality announced today that it has appointed Donald B. Karner to the Board of Directors. Mr. Karner has thirty years of engineering and technical project management experience, fifteen of which was in the electric utility industry where he developed and implemented strategic guidience for engineering, operating and maintenance organizations ranging in size from ten to three thousand people in nuclear, fossil, environmental and rate-making industries. The new Director also has extensive background in advanced vehicle design and fueling infrastructure as he is the co-founder and president of Electric Transportation Engineering Corporation (eTec). In addition to this background, he has the…

FridayNov 09, 2007 9:11 am

ECOtality, Inc. (ETLY.OB) Continues Bullish Run as Share Prices Increase 7.74% Friday

ETLY.OB shares have been on a steady uptrend to higher prices since the company announced that it has acquired Electric Transportation Engineering Corporation (eTec) and its affiliated companies for $6.25 million. In the past three days, prices have risen 23.7% from Wednesday’s low of $0.27. This strategic acquisition provides ECOtality with an additional $9.39 million in annual revenues when including the revenues generated by previous acquisitions of Innergy Power Corporation and Fuel Cell Store. The President & CEO of the Company, Jonathan Read, commented, “Through successful execution of our strategy to acquire and commercially advance revenue-generating companies and technologies such as…

WednesdayNov 07, 2007 5:02 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…

FridayNov 02, 2007 12:20 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…

TuesdayOct 23, 2007 4:08 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…

ThursdayOct 18, 2007 4:37 am

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,…

Site Search

Company Search

Tag: Ecotality, Inc. ECTY