Tuesday, February 24, 2009

Better Place partners with 19 Israeli companies

Better Place announced that it has signed cooperation agreements with 19 Israeli companies to test the suitability of its electric vehicles for these companies fleets.

In this first stage of Better Place's plant to build a nationwide infrastructure for electric vehicles, Better Place will design charge spots for the companies' electric cars and install them at the companies' parking lots and employees' homes. It will also work with the companies' managers and employees in the design and deployment of the infrastructure in order to optimize and customize them to the needs of each company.

Moshe Kaplinsky, CEO of Better Place Israel, said, "Leading Israeli companies understand the strategic importance of meeting one of the greatest challenges now facing us: our dependence on oil and its effect on our economy, environment, and security. "

Better Place CEO Shai Agassi added, "We are today seeing the certification that there is real market demand for electric cars that will use Better Place's grid. We expect demand to grow as Israeli companies join in the vision, as well as in other countries, which together represent a potential global market of 50 million cars. We see today the tip of the iceberg of global demand."

The participating companies are from the hi-tech, pharmaceuticals, finance and manufacturing sectors. They include Israel Corp, which has invested over $100 million in Better Place, Teva Pharmaceutical Industries Ltd., Pelephone Communications Ltd., Partner Communications Ltd., Matrix IT Ltd., Direct Insurance - Financial Investments Ltd., Rafael Advanced Defense Systems Ltd., Netafim Ltd., Keter Plastics Ltd., Orbotech Ltd., juice maker Jafora Tabori Ltd., Manpower Israel Ltd., SQlink Ltd., Nike Israel Ltd., and Glasshouse Technologies Ltd.

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