|By Marketwired .||
|May 1, 2014 08:30 AM EDT||
SAN DIEGO, CA--(Marketwired - May 01, 2014) - Envision Solar International, Inc., (OTCQB: EVSI) ("Envision Solar," or the "Company"), the leading renewable energy Media and Branding product company, announced today that the City of Boulder, Colorado has expanded their electric vehicle charging program with the installation of two new Envision Solar EV ARC™ standalone Solar Charging Stations. These two fully renewably energized EV chargers are located at the East Boulder Community Center and the Broadway & Spruce Parking Lot and are available free of charge to the public.
The EV ARC™ is a cost-effective, easy-to-install, standalone solar charging station that requires no foundation, trenching, building permit or grid connection. Invented, engineered and manufactured in the United States, the EV ARC™ fits inside a standard parking space and generates approximately 16 kWhrs per day that are stored and ready for use in the 22 kWh on board battery storage. The system's clean solar electrical generation is enhanced by the patented EnvisionTrak™, which enables the solar array to follow the sun, generating 18 to 25 percent more electricity than a conventional fixed array.
Glenn Magee, Construction Manager for the City of Boulder Department of Public Works said, "This represents some completely sustainable technologies, it is a fully self sufficient operation. We're not tapping any power from any source, it's generated through the solar panels and it goes directly to the charger. It's totally sustainable and a complete use of our natural resources."
"These deployments in Boulder really demonstrate the value of the EV ARC," said Desmond Wheatley, CEO of Envision Solar. "It was not economically feasible to run trenching and grid connections to these important locations but the EV ARC delivers EV charging where traditional chargers cannot which represents a huge opportunity for this product and our company. We are proud to have the City of Boulder as a customer and look forward to working with them and other cities to deliver renewably energized EV charging without the difficult or sometimes impossible tasks associated with tying to the grid."
Navigant Research forecasts that the global EV market will grow at a compound annual growth rate (CAGR) of 24.6% while the global market for gasoline vehicles will grow at a CAGR of only 2.6%. The US is the number one market for EVs and the growth in charging infrastructure is forecast at 128% CAGR. Solar powered charging offers the cleanest and easiest method for the deployment of such infrastructure.
Contact the Company for more information on EV ARC™.
About Envision Solar International, Inc.
Envision Solar, www.envisionsolar.com, designs, manufactures and deploys unique, proprietary and architecturally accretive renewable energy media and branding systems with a Drag & Drop Infrastructure™ product line. The company's flagship products include the patent pending EV ARC™, patented Solar Tree
Based in San Diego the company integrates only the highest quality components into its Made in America products ensuring long and trouble free service and timeless beautification of the parking lots they serve. This unique approach to the industry allows the company's commercial and institutional customers to take full advantage of the value creation associated with transforming parking lots into beautiful, shaded, renewable energy generation plants shrouded in the "Green Halo." Envision Solar is listed on the OTC Bulletin Board under the symbol [EVSI]. For more information on Envision Solar, visit www.envisionsolar.com or call (866) 746-0514.
This Press Release may contain forward-looking statements regarding future events or our expected future results that are subject to inherent risks and uncertainties. All statements in this Report other than statements of historical facts are forward looking statements. Forward looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may," or other words and similar expressions that convey the uncertainty of future events or results. Statements contemplating or making assumptions regarding actual or potential sales, market size and demand, prospective business contracts, customer orders, trends or operating results also constitute forward looking statements. Our actual results may differ substantially from those indicated in forward looking statements because our business is subject to significant economic, competitive, regulatory, business and industry risks which are difficult to predict and many of which are beyond our control. Our operating results, financial condition and business performance may be adversely affected by a general decline in the economy, unavailability of capital or financing for our prospective customers to purchase products and services from us, competition, changes in regulations, a decline in the demand for solar energy, a lack of profitability, a decline in our stock price, and other risks. We may not have adequate capital, financing or cash flow to sustain our business or implement our business plans. Current results and trends are not necessarily indicative of future results that we may achieve.
Envision Solar International, Inc.
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