Archive - Apr 27, 2005

Date

ZAP Signs Cooperation Agreement with Advanced Battery Technologies, Inc.

Submitted by acampbell on Wed, 04/27/2005 - 20:00.
China-Based Developer and Manufacturer to Provide Rechargeable Polymer Lithium-Ion Batteries for ZAP's Line of Electric Vehicles

SANTA ROSA, Calif.--(BUSINESS WIRE)--April 28, 2005--ZAP (OTCBB:ZAAP), pioneering the next generation of advanced transportation and energy technologies, announced today that the Company has signed an Agreement of Intent with Advanced Battery Technologies, Inc. (OTCBB:ABAT- News) to develop, manufacture and distribute electric vehicles using ABAT's Polymer Lithium-Ion (PLI) batteries. ABAT develops and manufactures its PLI batteries in its factory in Harbin, People's Republic of China.