Oregon DOT Selects AeroVironment for Electric Vehicle Chargers

August 18, 2011

22 fast-chargers will be sited throughout northwest Oregon

SALEM, Ore. -- The Oregon Department of Transportation (ODOT) has selected AeroVironment (NASDAQ: AVAV) to supply, install, operate and maintain twenty-two (22) electric vehicle (EV) fast-charging stations along major transportation corridors and travel destinations in northwest Oregon. Site review and selection is commencing and construction is scheduled to be complete by December 2012. Funding for the project came from a $2 million U.S. Department of Transportation TIGER II (Transportation Investment Generating Economic Recovery) grant.

"This project will help remove a major barrier to rapid adoption of electric vehicles by providing a network of fast charging stations around northwest Oregon," said Phillip Ditzler, Federal Highway Administration, Oregon Division Administrator. "Oregon will serve as a model for the rest of the country in its innovative approach to electrifying transportation."

AeroVironment will install the fast charging stations at existing, convenient commercial host locations in 22 targeted communities identified by ODOT, allowing EV drivers to recharge in as little as 15 to 20 minutes. This project expands the "Green Highway" initiative, a multi-state effort to provide EV charging infrastructure up and down the West Coast.

"Electric vehicles are a huge part of Oregon's future," said Governor John Kitzhaber. "They will ensure that we can kick the fossil-fuel habit that hamstrings our economy and national security, and deploying this infrastructure shows that we are, and will continue to be, a leader."

AeroVironment's fast charging stations deliver a high-powered charge using DC charging technology to refuel cars quickly, similar to the way cars refuel at today's gasoline stations.

"Oregon is demonstrating tremendous leadership in advancing the 'Green Highway,'" said Mike Bissonette, senior vice president of Efficient Energy Systems for AeroVironment. "Electrifying the main transportation corridors in Oregon is not just a vision about a cleaner future, it's about American jobs and building the economy today. We're working with Oregon to turn that vision into reality."

In addition to 480-volt fast charging stations, AeroVironment went beyond the requirements of the TIGER II grant and agreed to also provide 240-volt Level II charging stations at each of the 22 locations at no additional cost to the state. More than 2,500 AeroVironment Level II charging stations have been installed in 25 U.S. states since late 2010.

While AeroVironment expands its public EV charging network in Oregon, the company will simultaneously be installing fast charging equipment in Washington State through a similar project managed by the Washington State Department of Transportation (WSDOT). When completed, the Pacific Northwest will have the most robust "Green Highway" corridor in the nation.


About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves militaries, government agencies, businesses and consumers. For more information visit www.avinc.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, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; 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.


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Contact:
AeroVironment, Inc.
Steven Gitlin
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Mark Boyer
For AeroVironment, Inc.
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