NEW YORK, NY / ACCESSWIRE / August 17, 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 Connected Kerb("Kerb"), a UK based manufacturer of EV smart charging solutions for a connected future, has selected Charge Infrastructure as its installation provider for a pilot project in New York City.
Charge Enterprises and Connected Kerb will collaborate on this groundbreaking pilot which will focus on testing scalable, cost-effective charging infrastructure in New York City. This project is driven by a collaboration between the New York City Department of Transportation (NYC DOT) and Newlab, the DOT Studio, which is focused on applying emerging technologies to advance planning, policy, operations, and real-time management of transportation across New York City to support the City's Vision Zero and sustainability goals. One of the objectives of the pilot is to help drive EV charging rollouts across New York City, with the mission of leveraging potential funding opportunities to achieve the City's goal of 10,000 curbside chargers by 2030, and electrifying 20% of municipal parking bays by 2025. For more information about the program, please visit https://newlab.com/studios/dot-studio/ .
Charge, through one of its operating divisions, Charge Infrastructure, offers end-to-end services for EV charging ecosystems, including project management, design and engineering, construction, installation, and maintenance and service. In alignment with our collective goals, Charge and Connected Kerb seek to accelerate the transition to global sustainable mobility that is equitable, safe, reliable and scalable powered with an integrated white glove, custom, seamless infrastructure solution.
"This pilot program addresses one of the major issues of EV adoption in urban settings, coupled with an opportunity to reach a consumer market of tens of millions wanting to join in the EV revolution, personally as a native and resident of New York, I am proud that our team has been selected to participate with Connected Kerb in this program focused on sustainability and equity to drive the adoption of EV's in my own home town and where Charge is headquartered " said Andrew Fox, Founder, Chairman & CEO, Charge Enterprises. "I commend the New York Department of Transportation's decision to prioritize those living and working in New York City with such an optimal product solution engineered by Connected Kerb."
"New York City has established ambitious and necessary goals for electric vehicle adoption. Today, the two million light duty vehicles in the city account for 80% of the city's transportation emissions. The DOT Studio project will help expedite emission reductions, drive electric vehicle adoption and improve public health," said Steve Richardson and Nick Dobie, Co-Founders of Connected Kerb.
About Connected Kerb
Connected Kerb are one of the UK's leading charging point providers, delivering future-proof, cost-effective and sustainable EV charging solutions for the public sector, developers, fleets, workplaces, car parks and other organizations to help accelerate the transition to EVs for all. Its unique solution combines power and data at the Kerb to deliver user-friendly and reliable charging and provide the foundation for connected cities and communities.
About Charge Enterprises, Inc.
Telecommunications
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 we will selectively add profitable products and services to this long-established business.
Infrastructure
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.
Media Contacts:
Steve Keyes (248) 952-7022
skeyes@revolutionworld.com
Investor Relations:
Christine Cannella (954) 298-6518
Ccannella@charge.enterprises
Carolyn Capaccio, CFA (212) 838-3777
Ccapaccio@lhai.com
SOURCE: Charge Enterprises Inc.
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