Large Format Lithium Battery Arrays for Electric Pickups, Vans, Alias Roadster and Others Planned
SANTA ROSA, CA -- (Marketwire) -- 07/28/09 -- Electric transportation pioneer ZAP (OTCBB: ZAAP) has taken delivery of larger-format polymer lithium-ion
battery-equipped vehicles from Advanced Battery Technologies, Inc. (NASDAQ: ABAT). The company also plans to begin integrating other large-format
lithium-ion batteries in its popular electric vehicles that are already in
production as well as those under development.
ZAP received its first shipment of 100 Zappy3 Li scooters powered by
Advanced Battery Technologies' (ABAT) advanced polymer lithium-ion
batteries. The Zappy3 Li personal transporter is a similar version of its
popular Zappy3 but is lighter due to the compact lithium battery array. The
new Zappy3 Li is expected to be available for purchase soon.
"You can jump on a Zappy3 Li with lithium batteries and immediately notice
a difference," said ZAP CEO Steve Schneider. "Compared to lead acid
batteries, these new batteries make electric vehicles lighter, faster and
more responsive. These are some of the first larger-format lithium
batteries that are in volume production."
"ZAP has the advantage of producing a wide selection of versatile,
affordable electric vehicles that we will use as test beds for new
technologies like those available from ABAT," said Schneider. "As
automotive-designed, large-format lithium pricing continues to come down,
the standardization of this power source will help to propel electric
vehicle sales to higher levels."
ZAP will be integrating large-format lithium batteries in its pickups and
vans as well as vehicles under development like the Alias roadster.
For more news and information on ZAP, visit www.IRGnews.com/coi/ZAAP where
you can find the CEO's video, a fact sheet on the company, investor
presentation, and more.
About Advanced Battery Technologies, Inc.
Advanced Battery Technologies, Inc., founded in September 2002, develops,
manufactures and distributes rechargeable Polymer Lithium-Ion (PLI)
batteries. The Company's products include rechargeable PLI batteries for
electric automobiles, motorcycles, mine-use lamps, notebook computers,
walkie-talkies and other electronic devices. ABAT's batteries combine
high-energy chemistry with
state-of-the-art polymer technology to overcome many of the shortcomings
associated with other types of rechargeable batteries. Wuxi Zhongqiang
Autocycle Co., Ltd, founded in 2002, develops and manufactures various
types of electric vehicles. Wuxi Zhongqiang owns three types of products
listed in the E-Bike directory, with more than 20 varieties: electric
bikes; agricultural transport vehicles for practical transportation; sport
utility e-vehicles such as scooters, off-road vehicles, go-karts, snow
scooters, sea scooters, as well as underwater propeller vehicles. Wuxi
Zhongqiang products are exported to countries and regions in Europe, the
United States and Asia. The Company has a New York office, with its
executive offices and manufacturing facilities in China. For more
information about Advanced Battery Technologies, Inc. (NASDAQ: ABAT),
please visit: http://www.abat.com.cn.
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. For
product, dealer and investor information, visit 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.
Contacts:
Investor Relations Group
212-825-3210
Investor Relations
Rachel Colgate
Michael Crawford
Media Relations
Laura Colontrelle