Archive - Sep 14, 2004

Date
  • All
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30

ZAP signs $100 million exclusive agreement for Apollo fuel cell technology

Submitted by acampbell on Tue, 09/14/2004 - 20:00.
SANTA ROSA, California (September 15, 2004) - Transportation pioneer ZAP (OTC BB:ZAAP) announced today that its automotive distribution subsidiary Voltage Vehicles has signed an exclusive agreement with Apollo Energy Systems of Pompano Beach, Florida for its fuel cell technology. ZAP CEO Steve Schneider (left) and Apollo CEO Robert Aronsson Under the contract, ZAP's Voltage Vehicles subsidiary has agreed to purchase up to $100 million in Apollo's propulsion systems. Apollo has developed a patented Alkaline Fuel Cell and Tri-Polar Lead-Cobalt battery technology that is expected to revolutionize the auto industry. According to Apollo, the new fuel cell is ready for production, years before similar propulsion systems are expected to be available.