Archive - Jul 1, 2003

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ZAP Signs Agreement with Valence Technology to Distribute 10-Hour Laptop Battery

SANTA ROSA, Calif. (July 1, 2003) - Electric transportation developer ZAP (OTC BB:ZAPZ) announced today that it has signed an agreement with Valence Technology Inc. (Nasdaq:VLNC), a leader in the development and commercialization of Saphion™ technology and Lithium-ion polymer rechargeable batteries, to distribute the N-Charge™ Power System that provides up to 10 hours of power for portable computers.