May 28 2009
ArcAngel Technologies announced today that it has signed a reseller agreement with Verdek EV and Coulomb Technologies, Inc.
ArcAngel will begin selling and supporting Coulomb Technologies ChargePoint networked charging stations immediately. “Battery electric vehicles and plug-in electric vehicles are just around the corner,” stated Mike Sheriff, CEO of ArcAngel Technologies. Established companies such as GM, Chrysler, Nissan and new companies, Tesla, Zenn, and others will begin shipping electric vehicles late this year and early 2010. “It’s intriguing with all the push for electric vehicles that the charging infrastructure has not received more attention,” continued Sheriff. “Eliminating ‘charging anxiety’ for users is very important, and important to the success of our Business Plan.”
ArcAngel Technologies will offer standardized components to convert GM and Ford SUVs and pickups to full electric on a national scale. Working with local universities, ArcAngel is developing a complete electric system for SUVs and pickups. Based on the Company’s market research, the number of these vehicles is ~32 million (Data from RITA and DOT). Today, this market is largely ignored as the emphasis is on newly manufactured electric vehicles and hybrids. It is estimated that it would take up to fifteen years to replace these vehicles with new vehicles or through attrition. With rising fuel prices, owners are completely underwater. ArcAngel will use fleet operators, lease companies and used car dealers as conversion partners. “Why build a new vehicle, when a well-engineered vehicle exists that people prefer. Simply change the propulsion system,”