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Europe/USA: ABB signs licensing agreement, invests $10M in Ecotality

ABB, a business specializing in industrial and electric products, has invested $10 million in Ecotality Inc. and plans to license that company’s electric vehicle chargers.

The investment includes $5 million for licensing and another $5 million for convertible debt. It follows on the $14 million in venture capital San Francisco-based Ecotality (Nasdaq: ECTY) received from the Zurich, Switzerland-based ABB last year.
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