ECOtality Announces 2009 Second Quarter Financial Results

Department of Energy Awards the Company $100 Million Contract
SCOTTSDALE, Ariz.--(Business Wire)--
ECOtality, Inc. (OTCBB:ETLY), a leader in clean electric transportation and
storage technologies, today announced revenue for the second quarter ended June
30, 2009.

"The second quarter was a period of significant operational growth for
ECOtality," said Jonathan Read, President and CEO, ECOtality. "The Company
expanded its strong relationship with the Department of Energy through a $100
million federal contract for the largest deployment of electric vehicles (EVs)
and charging infrastructure in U.S. history. This contract solidifies the
financial outlook of the company, increases our probability for award of
outstanding funding opportunities and major contracts, and further enhances our
position as the premier EV infrastructure provider."

Recent Operational Highlights

* The Company was selected by U.S. Department of Energy for a grant of
approximately $99.8 million to undertake the largest deployment of electric
vehicles (EVs) and charging infrastructure in U.S. history. The total project is
valued at $199.6 million
* eTec, the lead applicant and project manager for the proposal, partnered with
Nissan North America to deploy approximately 5,000 EVs and 12,750 charging
systems. The Project takes advantage of the early availability of the Nissan
LEAF, a zero-emission electric vehicle, to develop, implement and study
techniques for optimizing the effectiveness of charging infrastructure to
support future widespread EV deployment.
* With the goal of developing mature charging environments, the Project proposes
to deploy charging infrastructure in major population areas that include Phoenix
(AZ), Tucson (AZ), San Diego (CA), Portland (OR), Eugene (OR), Salem (OR),
Corvallis (OR), Seattle (WA), Nashville (TN), Knoxville (TN) and Chattanooga
(TN). To support the Nissan EV, the Project will install approximately 12,500
Level 2 (220V) charging systems and 250 Level 3 (fast-charge) systems.
* The Company announced it has signed a letter of intent to enter into a joint
venture with Shenzhen Goch Investment, Ltd., that will provide $15 million to
establish manufacturing and distribution operations for electric vehicle (EV)
charging systems in China. This announcement makes ECOtality the first
fast-charge and EV infrastructure provider to enter the Chinese markets.

Second Quarter Financial Results for the Period Ended June 30, 2009

For the quarter ended June 30, 2009, ECOtality achieved revenue of $1,747,085
compared to revenue of $2,936,150 for the quarter ended June 30, 2008. This
reduction in revenue was related to the effect of slowing economy on our
industrial charger sales and a reduction in billable consulting hours due to the
redeployment of resources necessary to prepare for several major competitive bid
contracts and U.S. Department of Energy funding opportunities.

ECOtality recorded a gross profit of $927,455 for the three-month period ended
June 30, 2009 compared to 1,268,205 for the same period ended 2008. The
Company`s gross margin of 53.1% was an improvement over the same period in 2008
of 43.2%.

Total operating expenses during the three-months ended June 30, 2009 were
$1,655,880, compared to $1,695,635 for the three-months ended June 30, 2008.
General and administrative expenses were $1,543,850 or 93.2% of total operating
expenses for the three-months ended June 30, 2009, compared with $1,539,570 or
90.7% for the three-months ended June 30, 2008. This consistency for the
quarter`s yearly comparison is attributable to tight operating controls and
improved resource efficiencies.

ECOtality`s operating loss for the quarter ended June 30, 2009 was $728,427,
compared with a loss of $427,430 for the quarter ended June 30, 2008. The
Company recorded a net loss for the quarter ended June 30, 2009 of $3,600,845
million, compared to a $909,602 net loss for the quarter ended June 30, 2008.
ECOtality recorded a loss per share of $.02 for the period ended June 30, 2009,
compared to the loss per share of $.01 for the same period in 2008.

Financial Results for the Six-month Period Ended June 30, 2009

For the six months ended June 30, 2009, ECOtality recorded revenues of
$4,217,284 compared to the six months ended June 30, 2008 of $5,754,049. The
decrease in revenues in 2009, compared to 2008, is a reflection of the decreased
second quarter revenue.

The Company recorded a net loss for the six-month period ended June 30, 2009 of
$4,624,403 compared to a net loss of $2,901,813 for the same period ended June
30, 2008. ECOtality recorded a loss per share of $.03 for the six-month period
ended June 30, 2009, compared to a loss per share of $.02 for the same period in
2008. As stated, the reduced revenue and earnings reflect the decrease in
industrial charger sales as well as the un-billable time and effort spent
preparing and responding to various substantial competitive bid contracts and
federal funding opportunities.

"The recent U.S. Department of Energy award, coupled with our extensive
strategic relationships throughout the electric transportation value chain has
undoubtedly positioned ECOtality as the immediate market leader in EV
infrastructure," continued Mr. Read. "This award not only validates our
operational strategies, but also solidifies fast-charging, and, specifically,
the eTec Minit-Charger technology, as the key enabler for the mass market
adoption of EVs. Our strong technology portfolio and international market
leadership will allow us to secure significant immediate market share, improve
earnings, and achieve our goal of enhancing shareholder value."

Shareholder Conference Call

Management will host a conference call with the investment community on Tuesday,
August 18, 2009 at 4:30 p.m. Eastern Daylight Time. The call will discuss the
recent $100 Million Department of Energy Grant and provide a Shareholder Update
to the investment community. Interested parties may participate in the
conference call by dialing 1-877-941-9205 or 1-480-629-9866 for international
callers. Please call 5 to 10 minutes prior to 4:30 p.m. When prompted, ask for
the "ECOtality DOE Project and Shareholder Update Call." A telephonic replay may
be accessed approximately two hours after the call through August 25, 2009, by
dialing 1-800-406-7325 or 1-303-590-3030 for international callers and entering
the replay access code 4140495. The teleconference will be webcast
simultaneously on the ECOtality website at www.ecotality.com/investors.

About ECOtality, Inc.

ECOtality, Inc. (OTCBB:ETLY), headquartered in Scottsdale, Arizona, is a leader
in clean electric transportation and storage technologies. Through innovation,
acquisitions, and strategic partnerships, ECOtality accelerates the market
applicability of advanced electric technologies to replace carbon-based fuels.
For more information about ECOtality, Inc., please visit www.ecotality.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. All forward-looking statements are inherently
uncertain as they are based on current expectations and assumptions concerning
future events or future performance of the company. Readers are cautioned not to
place undue reliance on these forward-looking statements, which are only
predictions and speak only as of the date hereof. In evaluating such statements,
prospective investors should review carefully various risks and uncertainties
identified in this release and matters set in the company's SEC filings. These
risks and uncertainties could cause the Company's actual results to differ
materially from those indicated in the forward-looking statements.

ECOtality
Colin Read, 480-219-5005
cread@ecotality.com
or
Alliance Advisors for ECOtality
Thomas Walsh, 212-398-3486 (Investor Relations)
twalsh@allianceadvisors.net

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