ZAP (ZAAP.OB) Acquires Exclusive American Distribution From CCT Power
Electric car pioneer ZAP (ZAAP.OB) announced that the company has recently acquired an exclusive distribution agreement from CCT Power Company for the American market. This distribution agreement specifies that ZAP will be the sole marketer for batteries manufactured by Advanced Battery Technology (GBT). ZAP made the announcement shortly after talks commenced between Sharon Tang, CFO for Advanced Battery Technologies, and John Honey, President and CEO of CCT Power (http://cctpowerco.com). Furthermore, former CEO of Lotus Engineering also attended this momentums meeting. "After meeting with ZAP CEO Steve Schneider and Albert Lam in Beverly Hills, I knew right away this is the…
