SANTA ROSA, CA, Mar 10 (MARKET WIRE) --
Steve Schneider, CEO of electric transportation pioneer ZAP (OTCBB:
ZAAP), commended officials at newly formed ZAP Motor Manufacturing
Kentucky on their commitment to build electric vehicles under a supply
agreement with ZAP.
Schneider acknowledged ongoing talks with Franklin-based ZAP Motor
Manufacturing Kentucky led by CEO Gary Dodd and his new management team to
build and assemble several of ZAP's best-selling electric vehicles.
Schneider said Dodd and his senior executive staff, with extensive
experience in building factories for Toyota, Mercedes and other automotive
projects, can create jobs and help stimulate the Kentucky economy.
"We are supportive of ZAP Motor Manufacturing Kentucky's efforts to
manufacture ZAP vehicles," said Schneider. "This opportunity to expand US
manufacturing will enable ZAP to bring a broader line of practical and
affordable electric vehicles to market." Schneider further stated a
Kentucky manufacturing location would enable the Company to shorten its
supply chain and better control costs for US consumers.
"Kentucky's auto industry has been hurt hard by the recent economic
downturn and we are particularly grateful to the Governor and State of
Kentucky, local officials, and the Department of Energy for their
cooperation and encouragement in moving this project forward," said
Schneider.
About ZAP
ZAP has been a leader in electric transportation since 1994, delivering
over 100,000 vehicles to consumers in more than 75 countries. ZAP
manufactures a line of electric vehicles, including electric city-cars and
trucks, motorcycles, scooters, bicycles, 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 http://www.zapworld.com.
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.
Contact:
Alex Campbell
ZAP Media Relations
707-525-8658 ext. 241
acampbell@zapworld.com
Copyright 2009, Market Wire, All rights reserved.
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