Initial Deliveries of Its Unique Zaptruck XL/Payload Shell
SANTA ROSA, CA -- (Marketwire) -- 07/02/09 -- Electric vehicle pioneer ZAP (OTCBB: ZAAP)
announced today they have shipped a fleet of their Zaptruck XLs, a
versatile 100% plug-in electric LSV, equipped with a Payload drop-in shell
to Bexar County, San Antonio, Texas.
The vehicles will be used by a variety of county departments as they expand
their "green initiative." Each truck is equipped with one of ZAP's newest
options -- the versatile Payload shell providing a weatherproof, fully
enclosed and lockable storage compartment.
According to Steven Schneider, ZAP CEO, "We have a rapidly growing number
of these vehicles in our production queue as a result of stepped up demand
and purchasing activity. Both corporate and government fleet buyers have
been given mandates to implement change and, fortunately, we've been the
beneficiary of that new direction." He added, "The XL truck is attractive
because it's priced right, it has a variety of battery power levels and our
new Payload shells can be equipped with full-length lift up doors with
tinted windows, discrete tool bins, space-saving roll-up doors and a
top-mounted utility rack."
To meet demand, ZAP plans to expand its domestic manufacturing capability
for 100% plug-in electric vehicles through Zap Motors Manufacturing in
Kentucky. That company has applied to the U.S. Department of Energy (DOE)
for a $200 million Advanced Technology Vehicles Manufacturing loan to build
its Kentucky plant. DOE will be allocating $25 billion in such loans to
qualified carmakers and suppliers who can build advanced technology
vehicles in the U.S.
About ZAP
ZAP has been a leader in electric transportation since 1994, delivering
over one hundred thousand vehicles to consumers in more than seventy-five
countries. ZAP manufactures 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, trucks and vans in production today and
is developing a freeway capable electric vehicle called the ZAP Alias.
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.
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Contact:
Alex Campbell
ZAP Communications
707-525-8658, ext 241