New AeroVironment Electric Vehicle Dealer Program Makes it Easy to Bundle Home Charger, Installation, and Warranty with Car Purchase

Thu Feb 7, 2013 9:10am EST

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* Now consumers can seamlessly finance home charger and installation with
electric vehicle (EV) purchases in a single transaction 
* Finance and Insurance (F&I)-friendly packages present opportunities for
dealers to improve their EV Customer Satisfaction index 
* AeroVironment`s home charger reduces charging time by more than half to 120
Volt Level 1 plug-in that comes standard with most EVs

MONROVIA, Calif.--(Business Wire)--
AeroVironment, Inc. (NASDAQ: AVAV) today launched a dealer program that provides
turnkey residential charging packages to consumers purchasing new electric
vehicles (EVs) or plug-in hybrids (PHEVs) and allows them to finance the charger
in combination with the vehicle at the time of sale. The program, which is the
first of its kind, makes dealerships one-stop-shops for EV drivers and expands
dealers` F&I product offerings. 

AeroVironment is exhibiting the program at the National Automotive Dealers
Association Convention and Expo in Orlando, Florida (Booth #3953) this week. 

EVs and PHEVs typically come equipped with a Level 1 120 Volt charger. Through
AeroVironment`s dealer program, new owners can now purchase an EVSE-RS Level 2
240 Volt residential charging station that reduces charge time by more than
half, from up to 22 hours to between 3 and 8 hours. 

"AeroVironment has decades of experience providing complete charging solutions
that support the practical transition to electric vehicles," said Wahid Nawabi,
AeroVironment senior vice president and general manager of its Efficient Energy
Systems business segment. "With our new dealer program, AeroVironment is putting
the second half of the EV equation - the home charger - at the vehicle`s point
of sale. This makes it easier for drivers to purchase, and for dealers to
participate more actively in the evolution toward clean, electric
transportation." 

Dealers can offer various warranty options that match the financing terms of the
vehicle. Chargers bought through the dealer program are installed by a licensed
electrician certified in EV charging installation. If needed, AeroVironment also
provides at-home, in-person support. 

To ensure dealers and consumers realize the maximum value from the new program,
AeroVironment provides dealers with one-on-one and online training to
familiarize them with it. AeroVironment provides dealers with point-of-purchase
marketing support including home charging displays, window stickers and consumer
brochures. The company also offers both Level 2 and DC "fast" charging stations
for use in dealer service bays and customer parking areas. 

"AeroVironment offers state-of-the-art products and our customers have been
extremely satisfied with the service," said James Azzaro, commercial vehicle
sales manager at John Howard Motors in Morgantown, WV. "The AeroVironment dealer
program provides a complete, seamless experience for our customers. Not only
does it make us a one-stop-shop, but it also guarantees support for our
customers from a company that cares." 

Dealers attending the NADA conference in Orlando, Fla. can learn more by
visiting AeroVironment at booth #3953 or by attending its cocktail reception
February 9, 2013, from 5:30 p.m. to 8:00 p.m. at The Peabody Hotel. To sign up
for the dealer program, contact AeroVironment at 888-499-8759 or email
dealers@avinc.com. 

AeroVironment is the preferred home charging supplier of the Nissan LEAF, BMW
ActiveE, and Mitsubishi i-MiEV. The company`s broad line of home charging
systems includes the standard Level 2 home charging system and a do-it-yourself
wall-mounted "plug-in" unit that is available for dealer stock. More information
on AeroVironment`s EV charging solutions can be found at www.evsolutions.com. 

About AeroVironment, Inc.
AeroVironment is a technology solutions provider that designs, develops,
produces, operates and supports an advanced portfolio of electric transportation
solutions and electric-powered Unmanned Aircraft Systems (UAS). AeroVironment`s
comprehensive EV charging solutions include EV home charging, public charging,
fast charging, data collection, grid-integrated communications and complete
installation, training and support services for consumers, automakers,
utilities, government agencies and businesses. AeroVironment`s industrial
electric vehicle charging systems support thousands of electric materials
handling vehicles in mission-critical supply chains for Fortune 500 enterprises.
AeroVironment`s power cycling and test systems provide EV developers and EV
battery manufacturers with market-leading simulation and cycling capabilities.
Agencies of the U.S. Department of Defense and allied military services use the
company`s electric-powered, hand-launched unmanned aircraft systems to provide
situational awareness to tactical operating units through real-time, airborne
reconnaissance, surveillance and communication. More information is available at
www.avinc.com and www.evsolutions.com. 

Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking
statements" as that term is defined in the Private Securities Litigation Reform
Act of 1995. These statements are made on the basis of current expectations,
forecasts and assumptions that involve risks and uncertainties, including, but
not limited to, economic, competitive, governmental and technological factors
outside of our control, that may cause our business, strategy or actual results
to differ materially from those expressed or implied. Factors that could cause
actual results to differ materially from the forward-looking statements include,
but are not limited to; the activities of competitors; failure of the markets in
which we operate to grow; failure to expand into new markets; failure to develop
new products or integrate new technology with current products; and general
economic and business conditions in the United States and elsewhere in the
world. For a further list and description of such risks and uncertainties, see
the reports we file with the Securities and Exchange Commission. We do not
intend, and undertake no obligation, to update any forward-looking statements,
whether as a result of new information, future events or otherwise. 

Additional AeroVironment News: http://avinc.com/resources/news/
AeroVironment Media Gallery: http://avinc.com/media_gallery/ev_charging/
Like us: www.facebook.com/pages/AeroVironmentEV/165341556870732
Follow us: www.twitter.com/AeroVironmentEV

AeroVironment, Inc.
Steven Gitlin, +1-626-357-9983
pr@avinc.com
or
For AeroVironment, Inc.
Anne Leverdier/Lauren Karasek
+1-310-482-4280
Anne.Leverdier@fleishman.com
Lauren.karasek@fleishman.com

Copyright Business Wire 2013

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