ECOtality Inc. is a young company that has quickly become a known leader in clean electric transportation and storage technologies. Today the company announced that its subsidiary Electric Transportation Engineering Corporation (eTec) has been awarded $8 million from the California Energy Commission to support the largest-ever transportation electrification project.

With this $8 million award, eTec will be able to support the deployment of charge infrastructure and electric vehicles (EV’s) in the San Diego region. This will serve as part of eTec’s “American Recovery and Reinvestment Act of 2009 Cost Share: Alternative and Renewable Fuel and Vehicle Technology Program.”

When asked about the ramifications to eTec, Don Karner who serves as the president of the subsidiary stated, “As eTec’s proposed project to the U.S. Department of Energy is anticipated to deploy up to 2,550 charging stations in the San Diego area, this additional funding from the California Energy Commission will allow

Today it was announced that ECOtality, Inc.’s subsidiary, Electric Transportation Engineering Corporation (eTec), a leader in clean electric transportation and storage technologies, received a grant totaling approximately $99.8 million from the U.S. Department of Energy to commence the largest deployment of electric vehicles (EVs) and charging infrastructure in U.S. history.

eTec has partnered with Nissan North America to undertake the massive project. According to the press release, the companies will install electric vehicle charging infrastructure and deploy up to 1,000 Nissan battery electric vehicles in strategic markets in five states: Arizona, California, Oregon, Tennessee, and Washington. It has not been said if success will lead to further opportunity, but the project will certainly put the spotlight on the company and may lead to other contracts.

“By studying lessons learned from electric vehicle operations and the infrastructure supporting these first 5,000 vehicles, the Project enables the streamlined deployment of the next 5,000,000 electric

ECOtality Inc. moves through innovation, acquisitions and strategic partnerships to maintain its position as a leader in clean electric transportation and storage technologies. The company has focused on the electric vehicle (EV) market since the 1990s, which is expected to grow to nearly $2 billion in the next six years.

The company today announced it has signed a letter of intent to enter into a joint venture with Shenzhen Goch Investment Ltd., a China-based investment holding company focused on high-tech, financial services and commercial property development. The joint venture is in line with ECOtality’s business plan and will provide $15 million for manufacturing and distribution operations for electric vehicle (EV) charging systems in China, $2.5 million of which ECOtality received today.

Jonathan Read, president and CEO of ECOtality, said the relationship with Shenzhen Goch will strengthen ECOtality’s domestic and international presence.

“Shenzhen Goch Investment is a strong strategic partner that provides the

ECOtality, Inc., a leader in clean electric transportation and storage technologies, expressed optimism today about President-elect Obama’s comprehensive energy plan, a set of programs that would invest billions of dollars in support of hybrid and electric vehicle development. The press release applauded the move to confront the country’s dependence on foreign oil, building a clean energy future for America, and pointed to key elements of the plan:

• $150 billion invested over 10 years for the commercialization of plug-in hybrid vehicles, renewable energy, low-emission coal plants, fuel infrastructure upgrades, and a new digital electricity grid • Commitment that half of all cars purchased by the federal government will be hybrids or EV by 2012 • $7,000 tax credit toward the purchase of, or conversion to, advanced technology vehicles • Mandate that 10% of all electricity generated come from renewable resources by 2012

ECOtality president and CEO, Jonathan Read, commented on what all this

ECOtality, Inc. announced this morning that it will be holding a shareholder update conference call tomorrow at 4:15 PM EDT (1:15 PDT). Jonathan Read, President and CEO of ECOtality, Barry Baer, CFO of ECOtality, Don Karner, President and CEO of eTec, and Darrell Musick, President and CEO of Innergy Power, will be participating in the conference call with the financial community.

During the call, the management team will talk about the company’s Q2 2008 financial results and give an update on general business developments. Those who are interested in listening should dial 1-800-762-8779; or 1-480-629-9041 for international callers. When prompted, ask for the “ECOtality Second Quarter Earnings Conference Call.” Those who are not able to join at the scheduled time can listen in later by dialing 1-800-406-7325 or 1-303-590-3030 for international callers and entering the replay access code 3911235.

ECOtality is a recognized leader in clean electric transportation