NEW YORK, NY / ACCESSWIRE / September 19, 2022 / Charge Enterprises, Inc. (Nasdaq:CRGE) ("Charge" or the "Company"), consisting of a portfolio of global businesses with the vision of connecting people everywhere with communications and electric vehicle ("EV") charging infrastructure, today announced the signing of a master service agreement for the strategy, planning and implementation of EV charging infrastructure with City Parking, New York City's largest privately owned parking management provider, with 135 owned and operated locations in the New York City Area.
City Parking is a leading owner and operator of parking locations in New York with a reputation that has a well-established clientele and works with most of the major New York City landlords, residential properties and large institutions that include: SL Green, Brookfield Properties, Silverstein Properties, Yankee Stadium, Ivanhoe Cambridge and TF Cornerstone.
Charge has been exclusively selected by City Parking to provide custom EV charging infrastructure solutions for their owned locations. Charge's bespoke turnkey EV charging services include, strategic planning, incentive coordination, electric vehicle service equipment (EVSE) specification, engineering and design, utility coordination, commissioning and installation. Charge is providing seamless solutioning that supports the transition to global sustainable mobility with equitable, safe, reliable, and scalable charging ecosystems.
"We are excited to offer EV charging solutions for our customers. EV drivers should share the convenience our parking solutions offer to others; while EV utilization increases, City Parking wants to be a leader in exceeding consumer expectations and enhancing the client experience. We selected Charge as our partner in this program because of their knowledge, integrity and custom solutions that consider our corporate goals along with our charging demands. We value the idea of being able to have remote monitoring of the stations so we can assure maximum performance, lowest cost of energy, and maximize our uptime," said Rafael Llopiz, Chairman of City Parking.
"City Parking is clearly a forward-thinking company that understands the shift to EVs and the need to address the much-needed infrastructure. I think many real estate owners and operators are discovering that they need to have a strategy and plan to support consumers in this tremendous transition. We are honored to have been selected as their partner in this initiative to embrace the transformation to EVs," said Andrew Fox, Founder, Chairman & CEO, Charge Enterprises.
About City Parking
City Parking (https://www.cityparking.nyc/about) is the largest privately owned and leading provider of professional parking management in New York City and has a management team with over 50 years of combined industry experience. The company currently owns and operates over 135 Locations in the New York City Area.
Our management practices are designed to maximize revenue and minimize costs for our clients. We place an emphasis on maintaining a clean, bright, and safe parking environment.
About Charge Enterprises, Inc.
Our Telecommunications business ("Telecommunications") has provided routing of both voice and data to Carriers and Mobile Network Operators ("MNOs") globally for over two decades and is poised to selectively add profitable products and services to this long-established business.
Our Infrastructure business ("Infrastructure") has a primary focus on two fast growing sectors: electric vehicle ("EV") charging, and Telecommunications Network 5G, including cell tower, small cell, and in-building applications. Solutions for these two sectors include: Design and Engineering, Equipment Specification and Sourcing, Installation, Data and Software Solutions, and Service and Maintenance.
To learn more about Charge, visit Charge Enterprises, Inc.
Notice Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect current expectations or beliefs regarding future events or Charge's future performance. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. All forward-looking statements, including those herein, are qualified by this cautionary statement.
Although Charge believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include the business plans and strategies of Charge, Charge's future business development, market acceptance of electric vehicles, Charge's ability to generate profits and positive cash flow, changes in government regulations and government incentives, subsidies, or other favorable government policies, and other risks discussed in Charge's filings with the U.S. Securities and Exchange Commission ("SEC"). Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive of the factors that may affect forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release or as of the date or dates specified in such statements. For more information on us, investors are encouraged to review our public filings with the SEC which are available on the SEC's website at www.sec.gov. Charge disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Jeff Kuhlman (571) 246-3857
Christine Cannella (954) 298-6518
Carolyn Capaccio, CFA (212) 838-3777
SOURCE: Charge Enterprises Inc.
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