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 <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.avinc.com%2F&amp;esheet=51523532&amp;newsitemid=20170309006155&amp;lan=en-US&amp;anchor=AeroVironment%2C+Inc.&amp;index=1&amp;md5=ca98a0a7f9278d9abb3aaad17d7b0f06" rel="nofollow" rel="nofollow">AeroVironment, 
 Inc.</a> AVAV, a leader in electric vehicle (EV) charging and 
 the preferred charging solution supplier for eight global automakers, 
 today announced its selection by Volvo Cars as the developer of Volvo 
 Cars' first custom global EV charging station.
 

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 <img xmlns="http://www.w3.org/1999/xhtml" alt="Volvo's global premium EV charger, developed by AeroVironment (Photo: Business Wire)" src="http://mms.businesswire.com/media/20170309006155/en/574595/4/Volvo_PR.jpg"></img>
 Volvo's global premium EV charger, developed by AeroVironment (Photo: Business Wire) 
</div>

 
 Incorporating customer design elements and branding specifically for 
 Volvo Cars, this charging station can be conveniently wall mounted. It 
 will enable drivers to charge their vehicles up to three times faster 
 than is possible with a standard cordset.
 
 
 AeroVironment's reputation for providing innovative and robust EV 
 charging solutions was the reason Volvo Cars chose the company for its 
 third EV charging initiative, this time for a reliable global charging 
 station. AeroVironment is developing a premium custom EV charger that 
 aligns with the premium image of the Volvo XC90 and a growing line of 
 Volvo Cars' plug-in hybrid vehicles.
 
 
 "Volvo Cars' approach to plug-in hybrid electric vehicles positions it 
 as an innovator, and we look forward to providing Volvo Cars' customers 
 with a wall mounted charging station they can rely on to charge safely 
 and proceed with certainty," said Ken Karklin, vice president and 
 general manager, Efficient Energy Systems for AeroVironment. "Our goal 
 is to ensure that Volvo Cars' customers have the best possible charging 
 experience."
 
 
 AeroVironment's charging station design will incorporate global 
 third-party safety agency certifications for each market including UL, 
 CE and China CQC. The new charging station will be designed with a 
 weather-resistant IP55 enclosure and will deliver AC power safely to a 
 vehicle's on-board charger both indoors and outdoors.
 
 
 AeroVironment's TurboCord™ Dual plug-in EV charger is also a <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20160114005642%2Fen%2FAeroVironment%25E2%2580%2599s-Portable-TurboCord-Dual-Plug-In-EV-Charger&amp;esheet=51523532&amp;newsitemid=20170309006155&amp;lan=en-US&amp;anchor=Volvo+Cars-preferred+charging+solution&amp;index=2&amp;md5=bfebe8e858ca284fe1f0e142e03857b4" rel="nofollow" rel="nofollow">Volvo 
 Cars-preferred charging solution</a>. The addition of Volvo Cars' 
 customized global charging station builds on a proven partnership 
 between the two companies to give customers the ability to reliably 
 charge their vehicles anywhere. AeroVironment's new charger will pair 
 well with the TurboCord model that comes standard in the trunk of the 
 Volvo XC90 T8 Twin Engine plug-in hybrid. Volvo Cars drivers can now 
 have the best of both worlds – a charging station in their garage, and 
 one in the trunk.
 
 
 AeroVironment is currently the preferred integrated North American home 
 charging solution supplier for eight global automakers and their growing 
 fleets of plug-in electric vehicles. With more than 25 years of history 
 supporting electric vehicle technology and innovation, AeroVironment is 
 recognized as the leading provider of a broad array of EV charging 
 solutions that touch everyone from drivers to automakers. More 
 information on AeroVironment's EV charging solutions can be found at: <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.evsolutions.com&amp;esheet=51523532&amp;newsitemid=20170309006155&amp;lan=en-US&amp;anchor=www.evsolutions.com&amp;index=3&amp;md5=854469853400bfbf34940601db3246f6" rel="nofollow" rel="nofollow">www.evsolutions.com</a>.
 
 
 About AeroVironment
 
 
 AeroVironment AVAV provides customers with more actionable 
 intelligence so they can proceed with certainty. Based in California, 
 AeroVironment is a global leader in unmanned aircraft systems, tactical 
 missile systems and electric vehicle charging and test systems, and 
 serves militaries, government agencies, businesses and consumers. For 
 more information, visit <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.avinc.com&amp;esheet=51523532&amp;newsitemid=20170309006155&amp;lan=en-US&amp;anchor=www.avinc.com&amp;index=4&amp;md5=049e0f1421b78ef5f0cb08c2fa34fff7" rel="nofollow" rel="nofollow">www.avinc.com</a>.
 
 
 About Volvo
 
 
 Volvo Car USA, LLC, (<a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.volvocars.com%2Fus&amp;esheet=51523532&amp;newsitemid=20170309006155&amp;lan=en-US&amp;anchor=www.volvocars.com%2Fus&amp;index=5&amp;md5=6124b2195e1d5ea63ff1745229f519bc" rel="nofollow" rel="nofollow">www.volvocars.com/us</a>) 
 is a subsidiary of Volvo Car Group of Gothenburg, Sweden. VCUSA provides 
 marketing, sales, parts, service, technology and training support to 
 Volvo automobile retailers in the United States. For more information 
 please refer to the VCUSA media website at: <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.media.volvocars.com%2Fus&amp;esheet=51523532&amp;newsitemid=20170309006155&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.media.volvocars.com%2Fus&amp;index=6&amp;md5=45d121a90dc31590404720df61403a18" rel="nofollow" rel="nofollow">http://www.media.volvocars.com/us</a>.
 
 
 Safe Harbor Statement
 
 
 Certain statements in this press release may constitute &#34;forward-looking 
 statements&#34; as that term is defined in the Private Securities Litigation 
 Reform Act of 1995. These statements are made on the basis of current 
 expectations, forecasts and assumptions that involve risks and 
 uncertainties, including, but not limited to, economic, competitive, 
 governmental and technological factors outside of our control, that may 
 cause our business, strategy or actual results to differ materially from 
 those expressed or implied. Factors that could cause actual results to 
 differ materially from the forward-looking statements include, but are 
 not limited to: the activities of competitors; failure of the markets in 
 which we operate to grow; failure to expand into new markets; failure to 
 develop new products or integrate new technology with current products; 
 and general economic and business conditions in the United States and 
 elsewhere in the world. For a further list and description of such risks 
 and uncertainties, see the reports we file with the Securities and 
 Exchange Commission, including our most recent Annual Report on Form 
 10-K and Quarterly Reports on 10-Q. We do not intend, and undertake no 
 obligation, to update any forward-looking statements, whether as a 
 result of new information, future events or otherwise.
 
 
 For additional media and information, please follow us at:
 
 
 Facebook: <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2Faerovironmentinc&amp;esheet=51523532&amp;newsitemid=20170309006155&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.facebook.com%2Faerovironmentinc&amp;index=7&amp;md5=0b52c1c2beb07b0c3e10c34f2d81efb7" rel="nofollow" rel="nofollow">http://www.facebook.com/aerovironmentinc</a> Twitter: 
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