ZAP Receives First Shipment of 100 Electric Vehicles Powered by ABAT Lithium Batteries
Large Format Lithium Battery Arrays for Electric Pickups, Vans, Alias Roadster and Others Planned
SANTA ROSA, California (July 28, 2009) – Electric transportation pioneer ZAP (OTC BB: ZAAP) has taken delivery of larger-format polymer lithium-ion battery-equipped vehicles from Advanced Battery Technologies, Inc. (NASDAQ: ABAT). The company also plans to begin integrating other large-format lithium-ion batteries in its popular electric vehicles that are already in production as well as those under development.
ZAP received its first shipment of 100 Zappy3 Li scooters powered by Advanced Battery Technologies’ (ABAT) advanced polymer lithium-ion batteries. The Zappy3 Li personal transporter is a similar version of its popular Zappy3 but is lighter due to the compact lithium battery array. The new Zappy3 Li is expected to be available for purchase soon.
"You can jump on a Zappy3 Li with lithium batteries and immediately notice a difference," said ZAP CEO Steve Schneider. "Compared to lead acid batteries, these new batteries make electric vehicles lighter, faster and more responsive. These are some of the first larger-format lithium batteries that are in volume production."
"ZAP has the advantage of producing a wide selection of versatile, affordable electric vehicles that we will use as test beds for new technologies like those available from ABAT," said Schneider. "As automotive-designed, large-format lithium pricing continues to come down, the standardization of this power source will help to propel electric vehicle sales to higher levels."
ZAP will be integrating large-format lithium batteries in its pickups and vans as well as vehicles under development like the Alias roadster.
For more news and information on ZAP, visit www.IRGnews.com/coi/ZAAP where you can find the CEO's video, a fact sheet on the company, investor presentation, and more.
About Advanced Battery Technologies, Inc.
Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. The Company's products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices. ABAT's batteries combine high-energy chemistry with state-of-the-art polymer technology to overcome many of the shortcomings associated with other types of rechargeable batteries. Wuxi Zhongqiang Autocycle Co., Ltd, founded in 2002, develops and manufactures various types of electric vehicles. Wuxi Zhongqiang owns three types of products listed in the E-Bike directory, with more than 20 varieties: electric bikes; agricultural transport vehicles for practical transportation; sport utility e-vehicles such as scooters, off-road vehicles, go-karts, snow scooters, sea scooters, as well as underwater propeller vehicles. Wuxi Zhongqiang products are exported to countries and regions in Europe, the United States and Asia. The Company has a New York office, with its executive offices and manufacturing facilities in China. For more information about Advanced Battery Technologies, Inc. (ABAT), please visit: www.abat.com.cn.
About ZAP
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. For product, dealer and investor information, visit www.zapworld.com.
Forward-Looking Statement
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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