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ABAT and ZAP Sign Distribution Agreement
Agreement Boosts Availability of Affordable Lithium Battery Electric Vehicles
NEW YORK and SANTA ROSA, California (July 8, 2009) – Leading lithium battery and vehicle manufacturer Advanced Battery Technologies (NASDAQ: ABAT), through its wholly owned subsidiary Wuxi Zhongqiang Autocycle Co. Ltd, has signed a distribution agreement with electric transportation pioneer ZAP (OTC BB: ZAAP).
ZAP CEO Steve Schneider says, "The agreement will enable ZAP to accelerate production of its electric vehicles offering extended range and more power through the use of ABAT’s advanced, large-format Polymer Lithium-Ion battery technology."
ZAP Expands Fleet Shipments
Initial Deliveries of its Unique Zaptruck XL/Payload Shell
SANTA ROSA, California, July 1, 2009 – Electric vehicle pioneer ZAP (OTC BB: ZAAP) announced today they have shipped a fleet of their Zaptruck XLs, a versatile 100% plug-in electric LSV, equipped with a Payload drop-in shell to Bexar County, San Antonio, Texas.
The vehicles will be used by a variety of county departments as they expand their "green initiative." Each truck is equipped with one of ZAP’s newest options – the versatile Payload shell providing a weatherproof, fully enclosed and lockable storage compartment.
