SAN DIEGO, CA--(Marketwired - October 25, 2016) - Envision Solar International, Inc., (OTCQB: EVSI) ("Envision Solar," or the "Company"), the leading renewable energy, media and branding, and EV charging product company, announced today that it recently relocated to a new and larger facility in San Diego on Aug. 15.
Envision Solar was previously headquartered in a 30,000 square foot building. The Company's new location has 50,000 square feet of manufacturing space and comes equipped with necessary machinery and amenities, reducing the Company's future capital expenditure requirements and improving the Company's ability to scale. Global EV sales are up by 49 percent this year and California Governor Jerry Brown has set new goals for state fleet ZEV purchases, so that 50 percent of annual light-duty fleet purchases are ZEVs by 2025. Envision has a state contract to sell EV ARC™ products to California and has recently delivered the first unit to Europe.
The fabrication facility is already operational and manufacturing both EV ARC™ and Solar Tree® products for deployments in California, Nevada, Florida, New York and Illinois. The move to a larger facility is an important element in the Company's plan to continue its growth trajectory, supported by trends in the EV charging, outdoor advertising and energy security markets, as well as by the Company's forward-looking pipeline.
"The team did a magnificent job in our previous location," said Desmond Wheatley, CEO of Envision Solar. "Now we are much better positioned to take advantage of the significant growth taking place in our target markets. We are taking orders from large customers who want us to deliver our high-quality products in aggressive time frames. We are happy to have moved to a facility that better enables us to execute."
EV ARC™ and Solar Tree® products are manufactured in the new San Diego facility by combat veterans, the disabled, minorities and other highly talented, mission-driven team members.
About Envision Solar International, Inc.
Envision Solar designs, manufactures and deploys unique, renewably energized, EV charging and media and branding systems. The Company's products include the patented EV ARC™ and Solar Tree® product lines. All of the Company's products can be enhanced with EnvisionTrak™ patented solar tracking, ARC Technology™ energy storage, SunCharge™ Electric Vehicle Charging Stations and digital advertising packages.
Based in San Diego, the company integrates the highest quality components into its Made in America products. Envision Solar is listed on the OTC Bulletin Board under the symbol [EVSI]. For more information, visit www.envisionsolar.com or call 866-746-0514.
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