Washington Selects AeroVironment to Light Up Nation's First Electric Highway

July 13, 2011

Electric vehicle charging stations coming to I-5 and US 2 in next six months

OLYMPIA, Wash. -- Within six months, drivers will be recharging their electric vehicles, like the Nissan LEAF and Chevrolet Volt, along Washington's Electric Highways. The Washington State Department of Transportation (WSDOT) selected Monrovia, Calif.-based AeroVironment (NASDAQ: AVAV) to transform Interstate 5 and US 2 into the premier interstates of the 21st century, serving the latest generation of electric cars.

AeroVironment rose to the top during a competitive contract award process in which six companies submitted proposals to electrify I-5 and US 2 on a budget of $1 million.

AeroVironment will manufacture, supply, install and operate a network of nine fast-charging stations for electric vehicles. Stations will be located every 40 to 60 miles along stretches of I-5 between the Canadian border and Everett and between Olympia and the Oregon border, as well as along US 2 between Everett and Leavenworth.

"A network of charging stations linking Washington to Oregon and Canada will make electric vehicles more attractive to consumers and businesses, and transportation better for the environment," said Paula Hammond, Washington secretary of transportation. She said AeroVironment provides the technology needed for efficient and sustainable transportation, a green economy and new jobs in a growing field.

The fast-charging stations will be operational by Nov. 30, and will power an electric vehicle from zero to fully charged in less than 30 minutes. Each station also will include a Level 2 "medium-speed" charging station, which will cost less for users and take up to four to six hours for a full charge. The stations will be located at private retail locations such as shopping malls, fueling stations and travel centers with easy access to the highway

In the area between Everett and Olympia, additional charging stations will be installed through a federal program, The EV Project, administrated by the U.S. Department of Energy. Combined, the two projects will connect Washington drivers along the entire 276 miles of I-5 between Canada and Oregon.

"As the leading hydroelectric power producer in the United States, Washington state is ideally suited to support emissions-free electric vehicles," said Mike Bissonette, AeroVironment's senior vice president and general manager of Efficient Energy Systems. "Electrifying I-5 is not just a vision about a cleaner future, it's about American jobs and building the economy today. We're working with Washington to turn that vision into reality." While AeroVironment helps power the electric-vehicle charging network in Washington, the company will simultaneously electrify I-5 in Oregon through a similar project managed by the Oregon Department of Transportation. Both states' projects will complement The EV Project, which will install thousands of home and public electric-vehicle charging stations in six states, including Washington, Oregon and California.

Washington's electric-highway infrastructure is a key component of a future West Coast Green Highway. When complete, it will extend a seamless network of recharging stations along all 1,350 miles of I-5 from Canada to Mexico, serving more than 2 million electric vehicles that market analysts say will be sold in Washington, Oregon and California in the next decade.


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 defense, government and commercial customers. 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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