ZAP Shipping Trucks to United States Military

 June 16 2009
ZAPTRUCK XL ready for shipmentSANTA 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. 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." ZAP recently announced the addition of enclosed and weatherproof box options for the XL featuring full length side doors with tinted windows, discrete tool bins, space-saving roll-up doors and a top-mounted utility rack. "These new box options for the XL are fabricated in the US and installed in our assembly plant in California," said Steve Schneider, ZAP Chief Executive Officer. He added, "Because the XL qualifies for the Federal tax credit under President Obama's stimulus program, the net purchase price is affordable, attractive and very competitive." The US government has publicly announced plans to purchase more than $300 million worth of energy efficient and alternative fuel vehicles through the GSA. ZAP has been flooded with bid solicitations from city, county and state government buying authorities wishing to accelerate their adoption of "green" transportation initiatives and whose previous budget constraints have now been lifted. ZAP plans to expand its domestic manufacturing capability through an exclusive contract with Zap Motors Manufacturing in Kentucky. That company has applied to the U.S. Department of Energy (DOE) for a $200 million Advanced Technology Vehicles Manufacturing loan to build its Kentucky plant. DOE will be allocating $25 billion in such loans to qualified carmakers and suppliers who can build advanced technology vehicles in the U.S.

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