Archive - Oct 19, 2007

Date

ZAP Acquires Exclusive American Distribution From CCT Power for Portable Battery Technologies From Advanced Battery Technologies

Submitted by zapworld on Fri, 10/19/2007 - 11:14.
SANTA ROSA, CA -- Oct 19, 2007 -- Electric car pioneer ZAP (OTC BB:ZAAP.OB) today announced that it has acquired the exclusive American distribution license from CCT Power Company of Temple City, California to market batteries from Advanced Battery Technologies, Inc. (AMEX: GBT) for its Portable Energy lines. ZAP made the announcement following meetings yesterday in Beverly Hills with Sharon Tang, CFO for Advanced Battery Technologies, and John Honey, President and CEO of CCT Power (http://cctpowerco.com). The meetings were part of ZAP's new US-China joint venture with Youngman Automotive Group and were attended by former Lotus Engineering CEO Albert Lam, Chairman for the joint venture company and a recent addition to ZAP's Board of Directors.