ZAP (OTCBB: ZAAP)
SANTA ROSA, CA–(MARKET WIRE)–Nov 13, 2006 — ZAP (OTC BB:ZAAP.OB – News) announced today an agreement with PSA Security Network® to distribute ZAP’s flagship personal transporter, the ZAPPY3 PRO.
“PSA’s distribution network is just a natural fit for the PRO,” Steve Schneider, CEO of ZAP said. “They deliver to the segment where the decision making happens — the security experts — and we see PSA as an ideal partner for ZAP!”
The ZAPPY3 PRO has tremendous torque and stability — more than most “personal transporters” on the market. The PRO can travel speeds up to 14 mph and can go up to 25 miles on a charge. It has a tight turning radius that works well on indoor and outdoor terrain and hardly makes any noise while being operated.
“We are excited about the first electric vehicle offering through PSA,” states Bill Bozeman, President and CEO of PSA Security Network. “Our members have expressed interest in the PRO because it enables security personnel to patrol, day or night, quickly and with virtually no sound.”
Since its product launch in August, ZAP has seen an increasing interest for the ZAPPY3 PRO in the security industry.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering nearly 100,000 vehicles to consumers in more than 75 countries. ZAP is at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, alcohol, hybrid and other innovative power systems. For more information, visit http://www.zapworld.com.
About PSA
PSA Security Network® (http://www.psasecurity.com) is the world’s largest electronic security cooperative with members responsible for over $1.4 billion annually in security, fire, and life safety installations. These leading security systems integrators specialize in the design, installation, integration, and maintenance of access control, video surveillance, intrusion detection, fire, and life safety systems.
Forward-Looking Statements
Statements in this press release that relate to future plans or projected results of ZAP are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the “PSLRA”), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the “safe harbor” provisions of the PSLRA. ZAP’s actual results may vary materially from those described in any “forward-looking statement” due to, among other possible reasons, the continued acceptance of ZAP’s products, increased levels of competition, new products and technological changes, ZAP’s dependence on third-party suppliers, intellectual property rights, and the realization of any of the other risks described in ZAP’s Annual Report on Form 10-KSB, or in any of ZAP’s other filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to put undue reliance on forward-looking statements.
Contact:
Contact:
ZAP
Eveline Souza
Media Relations
(707) 525-8658 x 216
esouza@zapworld.com
PSA Security Network
Richard Hahn
Hahn & Associates
(716) 560-5439
rich@richardhahn.com
Source: ZAP
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