"Better Place and Sonol sign a deal"

Shay Agassi's electric car venture, Project Better Place, has signed a strategic agreement with Sonol Israel, to place electric car recharging points at Sonol gas stations. Better Place will bear the installation and operating cost of the recharging points.

Better Place Israel CEO Moshe Kaplinski says that electric cars are scheduled to enter the Israeli and other markets this year, and that the company is rapidly moving forward on deploying the necessary infrastructure nationwide.

The battery replacement terminals will operate alongside Sonol's gasoline and diesel pumps. The system provides for the rapid and safe removal of the empty battery from the car and its replacement with a fully charged battery within minutes. Over the past year, Better Place has deployed its recharging infrastructure at parking garages, entertainment and commercial centers, office buildings, and private homes.