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.
According to Steven Schneider, ZAP CEO, "We have a rapidly growing number of these vehicles in our production cue as a result of stepped up demand and purchasing activity. Both corporate and government fleet buyers have been given mandates to implement change and, fortunately, we’ve been the beneficiary of that new direction." He added, "The XL truck is attractive because it’s priced right, it has a variety of battery power levels and our new Payload shells can be equipped with full-length lift up doors with tinted windows, discrete tool bins, space-saving roll-up doors and a top-mounted utility rack." To meet demand, ZAP plans to expand its domestic manufacturing capability for 100% plug-in electric vehicles through Zap Motors Manufacturing in Kentucky. That company has applied to the U.S. Department of Energy (DOE) for a $200 million Advanced Technology Vehicles Manufacturing loan to build its Kentucky plant. DOE will be allocating $25 billion in such loans to qualified carmakers and suppliers who can build advanced technology vehicles in the U.S.
ZAP has been a leader in electric transportation since 1994, delivering over one hundred thousand vehicles to consumers in more than seventy-five countries. ZAP manufactures a line of electric vehicles, including electric city-cars and trucks, motorcycles, scooters, and ATVs. ZAP sells some of the only electric city-speed cars, trucks and vans in production today and is developing a freeway capable electric vehicle called the ZAP Alias.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
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