SANTA ROSA, CA -- 09/09/09 --
Electric vehicle pioneer ZAP (OTCBB: ZAAP)
has received a follow-on order from the U.S. military for additional
Zaptruck XL electric vehicles and charging stations for shipment to a
second international base.
The reorder was based on an initial trial order placed in June. The new
order includes eleven Zaptruck XLs as well as five 220-volt fast charging
stations.
The company also confirmed that ZAP CEO Steven Schneider and Board Chair
Priscilla M. Lu have just returned from China where they negotiated
expanded manufacturing supply line agreements prompted by increased demand
for 100% electric vehicles from corporate and government fleet buyers in
the U.S.
According to Amos Kazzaz, ZAP's COO in charge of production and sales, "We
have been increasing our production and assembly schedules for the past
several months and I expect to see even more ramp-up initiatives in the
next quarter."
While the XL trucks are normally equipped with on-board 110-volt or
220-volt smart chargers, the charging stations are specially designed for
rapid charging. Like a fuel pump, the electric trucks can pull up and plug
in between trips, what is called an "opportunity charge" in the industry.
These advanced chargers are designed to charge ZAP trucks almost completely
in an hour, enabling the vehicles with much greater range on a daily basis.
ZAP noted a significant increase in interest from fleet buyers over the
past several months. In August, the Federal Aviation Administration awarded
ZAP a contract for seven ZAP trucks.
For more news and information on ZAP, please visit
www.IRGnews.com/coi/ZAAP where you can find the CEO's video, a fact sheet
on the company, investor presentations and more.
About ZAP
ZAP has been a leader in electric transportation since 1994, manufacturing
a line of electric vehicles, including electric city-cars and trucks,
motorcycles, scooters, and ATVs. ZAP sells some of the only electric
city-speed cars and trucks in production today and is developing a freeway
capable electric roadster called the ZAP Alias. For further information
visit http://www.zapworld.com.
Forward-Looking Statement
This press release contains forward-looking statements. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance of the
Company's products, increased levels of competition for the Company, new
products and technological changes, the Company's dependence upon
third-party suppliers, intellectual property rights, and other risks
detailed from time to time in the Company's periodic reports filed with the
Securities and Exchange Commission.
Contact:
Investor Relations Group
212-825-3210
Investor Relations
Jason Strominger or Michael Crawford
Media Relations
Laura Colontrelle
