BMW Group Selects AeroVironment To Provide Electric Vehicle Charging Solution For BMW ActiveE Introduction in Major U.S. Cities

May 18, 2011

BMW Group Selects AeroVironment To Provide Electric Vehicle Charging Solution For BMW ActiveE Introduction in Major U.S. Cities

  • AeroVironment to provide home charging system, installation and warranty to BMW drivers, as well as full BMW dealer support 
  • AeroVironment EVSE-RS charger to fully charge ActiveE within four to five hours from fully discharged state

MONROVIA, Calif., May 18, 2011 – AeroVironment (NASDAQ: AVAV) today announced that the BMW Group has selected it as the preferred provider of electric vehicle charging equipment, accessories and installation services supporting the introduction of the all-electric BMW ActiveE.

The BMW ActiveE electric vehicle is the second phase of the BMW Group’s electro-mobility development strategy and brings all-electric technology to a new class of luxury vehicles. ActiveE vehicles will be distributed in the major metropolitan markets of Boston, Los Angeles, New York City, San Diego, San Francisco Bay Area and Sacramento.

Based on the chassis of a BMW 1 Series Coupe, the ActiveE electric car features an electric drivetrain and is powered by an advanced, high-voltage, lithium-ion battery pack. AeroVironment’s EVSE-RS charging station will deliver approximately 25 miles of driving range per hour of charging time. A complete charge from a fully discharged state will take between four and five hours, delivering the ActiveE’s maximum range of 100 miles. The charging stations will be installed with a 240-volt electric circuit in drivers’ home garages as part of the vehicle’s total driving system, and are designed to provide a safe, practical and dependable charge.

“BMW has a strong legacy as one of the world’s premier performance luxury brands, and AeroVironment looks forward to bringing our own legacy of reliability and innovation to BMW’s exciting new launch,” said Tim Conver, chairman and chief executive officer of AeroVironment. “Together, we can expand boundaries in providing practical, emissions-free mobility to the performance vehicle market.”

The BMW ActiveE will be a prelude to the 2013 launch of the Megacity Vehicle, BMW Group’s all-electric urban hatchback.


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
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