Streetline and Dinosaur Capital Partners Collaborate on State-of-the-Art "Park and Charge" Facility in Boston

BOSTON and FOSTER CITY, Calif., April 18, 2012 /PRNewswire/ -- Finding an electric vehicle charging station in Boston will soon become easier. Today, Dinosaur Capital Partners LLC, a Boston-based real estate development and investment firm, and Streetline, Inc. announced plans to deploy Streetline's industry-leading smart parking technology at "Green Park & Charge," Boston's first fully dedicated electric vehicle charging and parking facility.

Located in the Bulfinch Triangle area in downtown Boston, one of Boston's busiest areas, Green Park & Charge will transform a former gas station into an eco-friendly facility. Using patent-pending sensor technology from Streetline, motorists will have the ability to access real-time information about open parking spaces available at Green Park & Charge, including information about the real-time availability of electric vehicle (EV) charging stations.

"Electric cars are gaining in popularity," said Scott Oran, a founding partner of Dinosaur Capital. "With Green Park & Charge, we are not only transforming a brownfield gas station site into an eco-friendly facility; our goal, working with Mayor Thomas M. Menino, the Boston Redevelopment Authority and the Boston Transportation Department, is to encourage green driving alternatives. We are pleased to be collaborating with Streetline to tap the latest in smart parking technology to provide real-time parking availability to Boston motorists...particularly those looking to find available EV charging facilities."

"Green Park & Charge will be a state-of-the art parking facility that will become a showcase as other developers across the country look to build eco-friendly parking facilities – and help the U.S. reach its goal of becoming the first country with more than one million electric vehicles on the road by 2015," said Zia Yusuf, CEO of Streetline, Inc. "Streetline is the leader in smart parking and we're pleased to be working with Dinosaur Capital Partners to make finding an EV charging station easier for Boston motorists."

Streetline's patented smart parking platform detects the presence of a car through a network of ultra-low power wireless sensors located in each parking space. Information from the sensors is then delivered to a suite of web and mobile applications, including Streetline's free smartphone application, Parker™, to help motorists easily find parking. Once parked, motorists can use the app's built in timer to help keep track of how much time is left for charging, or access walking directions to help find their parking space when they need to return to their vehicle.

President Obama has announced a goal of becoming the first country to have one million electric vehicles on the road by 2015. Recently, Obama reinforced this goal with the "EV Everywhere" plan, which the White House described as, "a clean energy grand challenge to make electric-powered vehicles as affordable and convenient as gasoline-powered vehicles for the average American family within a decade." The White House says driving electric will save the average driver $100 a month.

For more information on EV Everywhere, visit: http://www.whitehouse.gov/the-press-office/2012/03/07/fact-sheet-all-above-approach-american-energy

Parker™ is available as a free download at iTunes and the Android Market.

About Green Park & Charge

Green Park & Charge will be Boston's first electric vehicle charging station and parking facility. Located in the Bulfinch Triangle at one of Boston's busiest corners, Green Park & Charge will be located between the Financial District, the TD Garden, Fanueil Hall, the North End, the West End, and Government Center and directly across from the Edward Brooke Courthouse. According to the Boston Transportation Department, over 35,000 vehicles and pedestrians pass by the site daily—more than 9,000,000 people per year.

Green Park & Charge will replace a petroleum-based 20th century filling station with an environmentally-conscious, 21st century electric vehicle charging station. Pricing policies are designed to encourage green driving alternatives so drivers with electric vehicles or hybrids receive a 10% discount on competitive parking fees. Drivers of SUVs and "gas guzzlers" (vehicles with EPA mileage rating less than 15 miles per gallon) pay a 10% parking surcharge. Vehicles requiring charging park in any available parking space and are plugged in during their stay. There is no fee for charging; motorists pay only for parking.

For more information on Green Park & Charge or Dinosaur Capital Partners, please visit http://www.dinosaurcap.com.

About Streetline, Inc.

Streetline's mission is to make smart cities a reality through the use of sensor-enabled mobile and web applications. As the leading global provider of smart parking solutions for cities, airports, universities, private garages, and consumers, Streetline's pioneering technology connects citizens with critical information to improve the way they live and work, while making cities more efficient and lessening their environmental impact.

Streetline is a privately held company headquartered in Foster City, Calif. with smart parking deployments in California, Indianapolis, Maryland, Michigan, New Jersey, New York, North Carolina, Texas, Virginia and Washington D.C. The company was recently named one of Fast Company's 10 Most Innovative Companies in Transportation, as well as IBM Global Entrepreneur of the Year.

SOURCE Streetline, Inc.