I thought this was pretty good news, EVSI had no volume today. I expect to see some activity in the market for EVSI tomorrow. The news hit the wires well after the market closed today.
General Motors Selects Envision Solar's EnvisionTrak(TM) Solar Trees(R), CleanCharge(TM) Electric Vehicle Charging Infrastructure
Envision Solar International, Inc., (EVSI ) , a leading sustainable infrastructure designer and developer, announced today that the company has been selected by General Motors, LLC to install its CleanCharge(TM) solar powered electric-vehicle (EV) charging stations integrated into EnvisionTrak(TM) tracking Solar Trees(R) at a number of prominent locations.
"We are pleased to have been selected by General Motors for these strategic installations that will enable Chevy Volts to leverage clean solar power to recharge their batteries without relying on carbon fuel generated electricity," said Bob Noble, CEO of Envision Solar. "We applaud GM's commitment to clean energy as well as green job creation through this initiative."
The Chevy Volt extended-range electric car is expected to hit showrooms in November 2010 and will be rolled out initially in California, Michigan, Washington, D.C., Texas and New York. New Jersey and Connecticut will join in mid-2011.
"GM is committed to reducing carbon emissions and reliance on petroleum," said Tom Stephens, GM vice chairman, global product operations. "We chose Envision Solar because its clean charging infrastructure allows us to maximize the environmental benefits of our electric vehicles through the use of clean renewable energy and further demonstrates our commitment to the proliferation of sustainable EV charging infrastructure."
Envision Solar's Solar Tree with EnvisionTrak(TM) is a highly engineered parking lot solar array that is 20 to 25 percent more productive than conventional fixed solar arrays, due to the incorporation of dual access tracking which enables the canopy to follow the sun throughout the day. "We have designed this technology with an architectural focus that enhances the overall aesthetic of corporate and commercial campuses," Noble added. "The addition of our CleanCharge system makes this a truly comprehensive design and technology package, offering a value-added investment for businesses anticipating the dramatic growth in the electric vehicle market over the next decade."
Pike Research forecasts that the market for plug-in hybrid and battery electric passenger cars and light duty trucks will grow at a compound annual growth rate (CAGR) of 106 percent between 2010 and 2015, resulting in sales of more than 3.24 million vehicles during that period.
About Envision Solar International, Inc.
Envision Solar, www.envisionsolar.com, is a leading solar planner, architect and inventor designing and deploying clean energy systems globally. The solar master planning firm provides strategic long-term solutions including comprehensive sustainability planning and optimizing designs for solar array structures. The company is a leader in the invention and construction of solar structures that address unused millions of acres of parking spaces. Its innovative systems include products for commercial, residential, and institutions, such as the Solar Tree(R), Solar Grove(R), Solar Row(TM), LifePort(R), LifePod(TM), LifeVillage(TM) and others. Envision Solar is listed on the OTC Bulletin Board under the symbol [OTCBB: EVSI]. For more information on the company, contact 1-866-746-0514.
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