Phase II of ZAP’s Strategy to Reposition for Global Market
SANTA ROSA, California and HANGZHOU, China (December 16, 2009) -- Electric transportation pioneer ZAP (OTC BB: ZAAP) and Holley Group, the world's largest volume producer of electric power meters according to the Wenhui-Xinmin United Press Group, have established a joint venture company in China with backing from venture capital firm Better World International to target the electric vehicle market in China.
SANTA ROSA, California and KULIM, Malaysia (August 19, 2009) – U.S. electric vehicle pioneer ZAP (OTC BB: ZAAP) and Malaysia’s home grown green technology company, ETI Tech Corporation Berhad (listed on ACE Market of Bursa Malaysia: 0118.KL; ETITECH), jointly announced today their intention to form a manufacturing and distribution joint venture.
ZAP and ETI Tech have signed a binding Memorandum of Understanding (MOU) for the supply of ETI Tech batteries and battery management systems (BMS) for ZAP personal transportation electric vehicles. The two companies have also agreed to joint manufacturing and distribution and expect to execute a definitive agreement within ninety days from the date of signing the MOU.
SANTA ROSA, California (August 10, 2009) – Electric vehicle pioneer ZAP (OTC BB: ZAAP) announced today that it has secured up to $25 million in new financing with Cathaya Capital, L.P. With offices in Silicon Valley, Cathaya, L.P. is backed by financier Jacques de Chateauvieux’s Paris-based Jaccar Holdings and intends to manage the investment through its affiliate Better World International, Ltd.
ZAP will use a portion of the funding to pursue longer-term contract production and assembly commitments, and to accelerate deliveries of trucks and vans to fill current fleet and government orders.
Seasoned Management Team Poised For Growth
SANTA ROSA, California (June 18, 2009) ZAP (OTC BB: ZAAP) CEO Steven Schneider has named Gary Dodd, a respected manufacturing executive formerly with Toyota, as president of global operations. This recent move is seen as another step in Mr. Schneider’s plan to introduce U.S.-built electric vehicles to the masses.
According to Mr. Schneider, “Gary will bring serious depth and breadth to our management team where each senior executive has separate and distinct responsibilities such as, operations, finance, marketing, and now front-line, manufacturing expertise. Gary will guide us into volume production.”
SANTA ROSA, CA--(MARKET WIRE)--Jun 8, 2009 -- Electric transportation pioneer ZAP (OTC BB:ZAAP.OB - News) has appointed Mark Abdou to its Board of Directors.
Mr. Abdou was the Company's previous outside SEC counsel for over five years. He is currently the CEO and Managing Partner of Libertas Law Group in Long Beach, California.
Mr. Abdou said, "I believe it is an opportune time for ZAP as consumers increasingly look for environmentally friendly and green options, especially in the area of transportation. I look forward to my involvement in the company in working towards continued growth and progress during this exciting time."
ZAP Board of Directors Member Gary Dodd
SANTA ROSA, CA--(MARKET WIRE)--Jun 9, 2009 -- Electric transportation pioneer ZAP (OTC BB:ZAAP.OB - News) has elected Gary Dodd to its board of directors. Dodd, a successful entrepreneur and former Toyota executive, is the CEO of Zap Motor Manufacturing Kentucky (ZMMK), which has an exclusive U.S. manufacturing agreement with ZAP to provide a domestic manufacturing base for the company.
"Pure electric vehicles are going to be a major force in the auto industry," said Dodd. "ZAP is an established player full of innovative product ideas that offers new directions in personal and commercial transportation. It is a leader in a vital emerging American industry."
SANTA ROSA, CA--(MARKET WIRE)--Jun 5, 2009 -- Electric vehicle pioneer ZAP (OTC BB:ZAAP.OB - News) (www.zapworld.com) has retained the Investor Relations Group (IRG), a highly recognized, thirteen-year-old corporate communications firm based in New York City, to serve as its investor relations and public relations firm.
"We believe this to be an opportune time to engage a public relations and investor relations team," said Steve Schneider, CEO of ZAP. "Fundamental changes are occurring in government policy and popular thinking as they relate to the automobile industry and carbon emissions.
SANTA ROSA, CA--(MARKET WIRE)--Jun 16, 2009 -- Electric vehicle pioneer ZAP (OTC BB:ZAAP.OB - News) confirmed today they have begun shipping their Zaptruck XLs, a versatile 100% plug-in electric LSV, to several US military bases in the US and in international locations.
ZAPTRUCK XL ready for shipment
According to Amos Kazzaz, ZAP's Chief Operating Officer in charge of production, "Our Zaptruck XL has captured a significant market share in what is becoming a high demand/high growth segment of the EV marketplace. These orders and continued strong dealer demand have resulted in our ramping up higher production which is a manageable and nice problem to deal with."
SANTA ROSA, California June 11, 2009 – Electric transportation pioneer ZAP (OTC BB: ZAAP) has closed on a $2 million private placement from The Banks Group LLC.
Jeffrey G. Banks, the Group’s principal and a current investor in ZAP said, “I strongly believe in ZAP’s market attractiveness, especially as they begin transition into domestic production. Given the company’s knowledge, experience and leadership position, there is no doubt in my mind that we’ve made a predictably smart EV investment.” He added, “ZAP has sharpened their focus on market segments that are growing, offering a much greater potential for both near and long-term success.”
8,000-Watt Wheel Motor Nearly 3x More Powerful than Zapino Scooter Motor, with Minimal Increase in Weight and Size
New Design Could Go into Production in 4-Wheel EVs by Next Year
SANTA ROSA, CA -- May 19, 2009 -- Electric vehicle pioneer ZAP (OTC BB:ZAAP.OB) has unveiled an 8,000-watt wheel motor powering both rear wheels of a production ZAP electric truck.