ZAP (OTCBB: ZAAP)
SHANGHAI, CHINA–(MARKET WIRE)–Dec 12, 2006 — Transportation pioneer ZAP (OTC BB:ZAAP.OB – News) has signed an exclusive agreement with a manufacturer in China for the North American distribution rights to a new generation of high-powered all-electric, all-terrain vehicles (ATVs).
Compared to ZAP’s 350-watt ATV model currently offered for light duty use and younger riders, the new high-powered version is capable of a peak power output of 4000 watts. Available as early as spring of 2007, ZAP says new electric drive technology will allow its electric ATVs to venture farther off-road at higher speeds, longer distances, steeper inclines and more rugged terrain. They will also be able to serve a greater range of consumer and industrial markets, allowing electric ATVs to penetrate the outdoor enthusiast market as well as meet the demands of industrial and agricultural applications.
ZAP, which makes electric cars and other electric vehicles (EVs), has been test marketing off-road EVs for over two years. The current 350-watt BUZZZ electric ATV and the MUD-E dirt bike are designed for younger off-road enthusiasts.
ZAP’s new 4000 watt ATV achieves the increase in output through the use of a new, proprietary, brushless, multi-pole wheel-motor technology. The dual-wheel-motor design helps increase the overall efficiency, power and performance. Having motors built into the wheels decreases the weight, eliminates the transmission, and saves space inside the vehicle for more battery capacity and features. Eliminating a chain or belt transmission can result in less noise, vibration and overall maintenance.
ZAP was one of the first companies in the US to market hub motor powered vehicles in its ZAPPY3 electric scooter. ZAP intends to market more vehicles that use hub motor designs. The Northern California Company has a comprehensive lineup of all-electric cars and other electric vehicles for wide range of applications that allow consumers an alternative to gas-powered forms of transportation.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 90,000 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.
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:
Contacts:
Eveline Souza
Media Relations
707-525-8658 x 216
esouza@zapworld.com
Tony Collins
Investor Relations
(877) 990-1122
investor@zapworld.com
Source: ZAP
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