Envision Solar International, Inc. 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."
Source: Envision Solar International, Inc.
Date: Oct 25, 2016