Archive - Jul 20, 2006

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7/21/2006 ZAP Acquires Smart Car DOT Intellectual Property from Smart Automobile LLC

Submitted by acampbell on Thu, 07/20/2006 - 20:00.

ZAP Acquires Smart Car DOT Intellectual Property from Smart Automobile LLC

SANTA ROSA, Calif.--July 20, 2006--Automotive pioneer ZAP (NYSE Arca:ZP) announced today that it has reached an agreement to acquire all ownership interest from Smart Automobile LLC for the intellectual property that helped engineer the Smart Car Americanized for ZAP to meet U.S. Department of Transportation (DOT) compliance.