ECOtality, Inc. (ETLE.OB) Branches Out into Australian Market by Establishing a New Subsidiary
ECOtality, Inc., based in Scottsdale, Arizona and known throughout the energy sector as a leading developer of clean electric transportation and storage technology, announced today the formation of a new, wholly-owned subsidiary, ECOtality Australia Pty Limited (EAPL). To be headquartered in Brisbane, Queensland, EAPL will focus on the marketing and distribution of charging equipment for batteries used in a variety of applications, including industrial equipment, on-road electric vehicles (EV), and electric airport ground support equipment (GSE). ECOtality CEO Jonathan Read noted that EAPL would be “well positioned” to exploit Australia’s “emerging market for plug-in electric vehicles” by harnessing ETLE’s “industry-leading…