Archive for the ‘ZAP ZAAP’ Category

ZAP (ZAAP.OB) Expands Fleet Shipments

Monday, July 6th, 2009

ZAP, a leading electric transportation company that has delivered more than 100,000 vehicles to consumers in 75 countries, recently announced that the company has shipped a fleet of their Zaptruck XLs to Bexar County, San Antonio, Texas. The Zaptruck XLs is a versatile 100 percent plug-in electric LSV equipped with a Payload drop-in shell that provides a weatherproof, fully enclosed and lockable storage compartment.

Steven Schneider, chief executive officer of ZAP, stated, “We have a rapidly growing number of these vehicles in our production queue as a result of stepped up demand and purchasing activity. Both corporate and government fleet buyers have been given mandates to implement change and, fortunately, we have been the beneficiary of that new direction.” He continued, “The XL truck is attractive because it’s priced right, it has a variety of battery power levels and our new Payload shells can be equipped with full-length lift up doors with tinted windows, discrete tool bins, space-saving roll-up doors and a top-mounted utility rack.”

Due to increasing demand, ZAP plans to expand its domestic manufacturing capability through Zap Motors Manufacturing in Kentucky. Zap Motors Manufacturing has applied for a $200 million Advanced Technology Vehicles Manufacturing loan with the U.S. Department of Energy (DOE). The DOE will be allocating $25 billion in loans to qualified carmakers and suppliers who can build advanced technology vehicles here in the United States.

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ZAP (ZAAP.OB) Launches Shipments of Electric Zaptruck XL in Hopes of Meeting U.S. Government Demand

Tuesday, June 16th, 2009

Since 1994, ZAP has delivered more than 100,000 vehicles to consumers spread throughout 75 countries. The company’s line of electric vehicles includes electric city cars, trucks, motorcycles, scooters and ATVs. The company today announced it has started shipping its Zaptruck XL electric LSV orders to several U.S. military bases throughout the United States, as well as abroad, responding to the U.S. Government’s public announcement that it plans to buy more than $300 million worth of energy efficient vehicles.

Steve Schneider, ZAP’s CEO, said that the XL qualifies for the Federal tax cut in President Obama’s stimulus plan, making the XL’s net purchase price “affordable, attractive and very competitive.” The company said it has received numerous bid solicitations from city, county and state government buying authorities who are now in position to take advantage of “green” transportation initiatives.

“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,” Amos Kazzaz, ZAP’s chief operating officer in charge of production stated in the press release.

ZAP recently upgraded the XL, adding enclosed and weatherproof box options, full-length side doors with tinted windows, discrete tool bins, roll-up doors and top-mounted utility racks, making the 100 percent-electric-powered vehicle adaptable for a variety of situations and environments. As ZAP takes measures to improve and market its vehicles, it is also looking to further growth for the company itself.

The company said it is seeking expansion opportunities through an exclusive domestic manufacturing contract with Zap Motors Manufacturing in Kentucky, which has submitted an application to the U.S. Department of Energy (DOE) for a $200 million Advanced Technology Vehicles Manufacturing loan to build its Kentucky plant.

According to the press release, the DOE will channel $25 billion in relative loans to those companies it deems qualified to use the funds to manufacture advanced technology vehicles.

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ZAP (ZAAP.OB) Closes $2 Million Private Placement; To Use Funds for Operations and Accelerated R&D

Thursday, June 11th, 2009

ZAP announced this morning that it has closed on a $2 million private placement from the Banks Group LLC. The company has been a leader in electric transportation since 1994, delivering over one hundred thousand vehicles to consumers in more than seventy-five countries. ZAP offers a full line of electric vehicles, including electric city-cars and trucks, motorcycles, scooters, bicycles, and ATVs.

Jeffrey G. Banks, the Group’s principal and a current investor in ZAP, stated, “I strongly believe in ZAP’s market attractiveness, especially as they begin transition into domestic production. Given the company’s knowledge, experience and leadership position, there is no doubt in my mind that we’ve made a predictably smart EV investment.”

“Mr. Banks’ confidence in our business plan and affirmation through his investment speaks loudly about our opportunities in electric transportation,” commented Steven Schneider, CEO of ZAP. “ZAP continues to innovate and lead the movement in electric transportation.”

According to the terms of the agreement, funds from the private placement will be released in stages. The capital will be used for general and administrative operating expenses and to continue the company’s accelerated R&D on new electric vehicles in the planning pipeline. The R&D results are expected to be seen in new vehicles produced by Zap Motors Manufacturing’s new production and assembly facility in Kentucky, an applicant for a $200 million loan under the US Department of Energy’s Advanced Technology Vehicles Manufacturing and Incentive Program.

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ZAP (ZAAP.OB) Unveils Electric Truck Wheel Motor Technology

Wednesday, May 20th, 2009

ZAP, a leader in electric transportation delivering over 100,000 vehicles to consumers in more than 75 countries, recently unveiled an 8,000-watt wheel motor powering both rear wheels of a production ZAP electric truck. A result of more than five years of research, this latest wheel motor design is designed to improve the power and efficiency of the company’s electric vehicles (EVs).

The company’s 8,000-watt wheel motor is nearly three times more powerful than the Zapino scooter motor, with minimal increase in weight and size. Wheel motors are lighter and more compact, eliminating the need for a transmission and drive train. The company expects that this new design could go into production in various electric car and truck configurations by 2010 with necessary funding.

ZAP chief executive officer, Steve Schneider, commented, “Based on the core technology we use for the production of the Zapino model, we have been able to achieve a far higher horsepower output with just a slight increase in weight and size.” He added, “Given the growing necessity of reducing our carbon emissions and the rising demand for more environmentally sound vehicles, we are extremely excited about the potential applications of this motor for a range of EVs both here and abroad.”

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StockGuru Featured Company: ZAP (ZAAP.OB)

Wednesday, April 15th, 2009

ZAP manufactures a line of electric vehicles, including electric city-cars and trucks, motorcycles, scooters, bicycles, and ATVs. Their “city cars” are a gas-free alternative for commuters, multi-car families, business, and government fleets. ZAP stands for Zero Air Pollution and the company seeks to serve consumers who desire fuel-efficient vehicles.

ZAP sells their Xebra electric sedan and pickup vehicle through a global distribution network of auto distributors, dealers, and service centers. A Xebra vehicle can drive up to 40 mph and has a range of up to 40 miles per charge, with recharging taking anywhere from three to six hours. The Xebra uses regular voltage outlets of 110 or 220 volts. The Xebra comes in vibrant colors and there is even a zebra stripes option available. ZAP can also equip the Xebra with solar panels.

ZAP has distributed more than 100,000 advanced, fuel-efficient vehicles (most of which are electric) to over 75 countries. The company is dedicated to becoming the leading global distribution source for advanced energy management technology and fuel efficient vehicles; with an emphasis on electric power systems.

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ZAP (ZAAP) Increases Workforce as Electric Car Sales Accelerate

Wednesday, October 1st, 2008

ZAP (ZAAP.OB), a California-based alternative energy pioneer, has had to increase its workforce by 30% to keep up with increased demand for its Xebra (pronounced “zebra”) electric car. ZAP overall sales have jumped 88%, due primarily to sales of the small but street-legal all-electric vehicle, available in sedan and truck versions.

“While most U.S. automakers are laying off workers and facing declining sales, ZAP is experiencing record growth,” said CEO Steve Schneider. “We are proud that ZAP is one of the few companies selling cost-effective, plug-in transportation today.” He added that ZAP is launching new electric vehicles this quarter.

ZAP (www.ZAPWorld.com) develops and markets a variety of alternative energy and fuel-efficient vehicles, including cars, motorcycles, bicycles, scooters, personal watercraft, hovercraft, and commercial vehicles. The company has been a leader in electric transportation since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries.

The company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. In addition, ZAP has a new joint venture with Integrity Automotive to build electric cars in Kentucky.

Perhaps the most important factor for ZAP is that there are very few US street-legal electric vehicles in production today. ZAP has found a large population of car buyers who love the Xebra and have been tired of waiting for the industry to deliver electric cars. A March 9, 2008 New York Times story reported that the Xebra was the top-selling model at the nation’s top electric car dealership in Portland, Oregon.

However, along with the increase in sales, ZAP CEO Schneider said there is a shortage of qualified electric car engineers, salesmen, and international business experts. Pointing to actions taken by the likes of Warren Buffett and T. Boone Pickens, who are both now investing in energy efficient transportation technologies, Schneider said electric transportation, solar, wind, and similar technologies are becoming the mainstream.

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ZAP (ZAAP.OB) Electric Car Sets Sales Record in August

Friday, September 19th, 2008

ZAP, a groundbreaker in electric transportation, announced that a growth in demand has resulted in unaudited, record-breaking August sales of $737,000, an increase of $345,000, or 88 percent, from August a year ago. The sales occurred in ZAP’s Advanced Technology Vehicle division, and CEO Steve Schneider cited high gas prices and lack of electric vehicle competition for driving sales figures to new heights. Currently, ZAP has delivered more than 100,000 electric and advanced-technology vehicles to more than 75 countries.

ZAP was founded in 1994 as Zap Power Systems, which was later simplified to ZAP in 2001. It has two primary businesses, the first being its Advanced Technology Vehicle division, with its 2006 premier – the imported Xebra Sedan and Truck – taking the world stage.

Its second business, the battery recharging technology division (aka:Recharge-It-All), focuses on powering a wide range of consumer electronics, like, cells phones, MP3 players, digital cameras, camcorders, laptops and more.

As of 1:57 PM EST, the stock is trading at $0.63, an increase of $0.04, trading well below its average volume of 141,000.00. Hopefully, with this leap in sales, the company will see some closing in on the Earnings Per Share (EPS) into positive territory, which last reported was -0.27.

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ZAP’s (ZAAP.OB) CEO and Al Yousuf’s COO Show Support for Kentucky Governor

Wednesday, August 6th, 2008

Tuesday August 5th, ZAP’s CEO Steve Schneider and Ashraf Saeed, COO of the Al Yousuf Group which has provided nearly $15 million in capital over the past year to help ZAP increase its electric vehicle manufacturing, marketing and distribution, stood by while Kentucky’s Governor Steve Beshear signed an executive order directing the Transportation Cabinet to immediately develop and implement an emergency regulation authorizing the use of low-speed electric vehicles on Kentucky’s roadways, including the Xebra, a 40-MPH electric car and truck.

According to the company, the Xebra took more than three decades of thought and evolution to create and will offer a whole new driving experience, one that the state of Kentucky will soon experience. The ZAP Xebra sedans and trucks are unique and quiet, yet agile, and produce 98% fewer pollutants than gas cars. Because the Xebra is electric, it just needs to be plugged in and can be recharged from any electrical outlet.

“Kentuckians, like all Americans, are hard hit by record-high gas prices,” Gov. Beshear said at a news conference today announcing the order. “These tough times call for creative solutions, and I believe allowing Kentuckians the option of using an electric vehicle is one of those solutions. Electric vehicles may help ease the burden on the pocketbooks of hard-working Kentucky families, as well as reduce their carbon footprint.”

Steve Schneider also stated on behalf of ZAP, “Never have we received such hospitality and such overwhelming enthusiasm for electric vehicles as exhibited by the Governor and every single person we met while in Kentucky. Seeing such a swift reaction by the Kentucky government in favor of ZAP affirms our belief that the time is now for electric transportation to play a greater role in society. We all want to build better transportation and it doesn’t matter if you live in Kentucky or California, the dream is everywhere.”

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Zap Inc. (ZAAP.OB) – Recharge-it-All Appraised, 50% sold for $1 Million to Dubai Investor

Monday, June 30th, 2008

There are all sorts of issues that alternative energy manufacturers must deal with as they try to crack the consumer marketplace. Excellent progress is being made, however, and manufacturers are looking ahead. Being ready when a new technology is ready to penetrate a market is critical. Many leading alternative power companies are planning past current development issues so that when the profit is ready to come, they will be ready with distribution networks and access to capital and manufacturing muscle.

Zap Inc., a manufacturer of zero-emission transportation and energy storage products, works to manufacturer/market and sell electric transportation vehicles and rechargeable energy storage devices. The company has a diversified in-place product line. It covers a range of rechargeable electric products such as iPod and cell phone batteries. The company, however, is primarily recognized for its electric cars, carts, scooters and bikes.

ZAP Inc. is by no means new to the rechargeable electric vehicle and accessories market. It has been researching, developing, manufacturing and selling its products – in one company form or another – since the early 1990’s. It has been diligently doing its base building and is currently supporting an established dealer network for its electric car/transportation products; each dealership must take possession of 10 vehicles per month. It also has committed vehicle development relationships with other companies to advance its five electric vehicle lines for sale.

The company’s work with rechargeable battery accessories has been seeing recent activity. After a financial evaluation, the company sold a 50% stake in its Recharge-it-All battery systems for mobile electronics to a Dubai electronics company owner. Eqbal Al Yousuf is widely acknowledged to be a leading electronics provider to Dubai and an access point to vast amounts of development capital. Although this may be pure speculation, a solid relationship with entities within the Dubai business community cannot be a bad thing.

Companies are starting to form their distribution systems in the alternative power markets for the long term, and ZAP Inc. is one of the leaders. Make no mistake, alternative power sources are coming fast and the manufacturers are quite a bit further along in the development cycle then one might think. ZAP is ready and providing product. It is expected to get better from here on out as the market continues to develop and batteries get better at holding charge.

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Zap (ZAAP.OB) Acquires Ownership Interest in Electric Wheel Motor Company

Monday, June 2nd, 2008

ZAP (OTCBB: ZAAP) recently announced that it has acquired partial ownership in an electric motor company that will be developing and manufacturing new wheel motors. Zap will be working together with this new electric motor company in the development of a wide range of electric vehicles. The company is planning on marketing these vehicles for worldwide distribution.

“So many have focused on batteries as a way to improve the performance of electric vehicles, but wheel motors are truly a giant leap forward,” said Gary Starr, who manages product development for ZAP. “Today’s ZAP wheel motor vehicles can nearly double the range of similar vehicles we brought to market ten years ago.”

Since 1994, Zap has been working diligently in the field of transportation technologies, producing more than 100,000 fuel-efficient vehicles worldwide. The company has been developing and manufacturing energy-efficient gas systems, and electric and hybrid vehicles. Zap is currently in partnership with Dubai-based Al Yousuf Group and Detroit Electric. Recently Zap has been receiving attention at Pinnacle Digest, a financial magazine and social network which has over 15,000 members.

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ZAP (ZAAP.OB) Celebrates Earth Day 2008!

Friday, April 18th, 2008

On Tuesday, April 22, the world will celebrate Earth Day, and while gas prices are climbing higher and higher, ZAP would like everyone to think about the alternative to our gas-guzzling cars. The price on electric cars has come down, and consumers may just want to trade in their old gas-guzzler for an electric car at participating ZAP dealers in celebration of Earth Day.

According to ZAP, commuters who travel a short distance can potentially save thousands of dollars per year by trading their gasoline-fueled cars for an electric car. The company estimates there are 250 million cars and trucks in the United States, the vast majority being older models with even lower fuel economies. According to a 1994 study by the US Congress Office of Technology Assessment, retiring one million used cars and trucks would save about $1 billion per year and reduce emissions by 60,000 tons of hydrocarbon emissions, 448,000 tons of CO2, and 17,000 tons of nitrogen oxides.

The primary benefit of driving a ZAP vehicle is gas savings. According to the California Air Resources Board (CARB), fuel costs for a gasoline vehicle can be over five times greater than for an electric vehicle. Along with the savings, conscientious consumers also help the planet; ZAP electric vehicles are the cleanest and most environmentally friendly automotive technology today. They have no tailpipe exhaust or evaporative emissions, and no emissions systems that can degrade or fail with time.

ZAP is expanding its network of electric car dealers, with more dealers now offering the option of taking trade-ins towards a new electric car purchase. ZAP’s dealership in Santa Rosa, California is now taking trade-ins towards the purchase of an electric car.

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ZAP (ZAAP.OB) is at the Forefront of an Emerging Market

Friday, April 11th, 2008

It is no secret that America and the rest of the world are heading toward a brick wall with regards to traditionally-powered automobiles. For decades, the idea of electric engines replacing current motor technology seemed far-fetched; but no more.

Since 1994, ZAP has been an industry leader in alternative transportation technologies ranging from hybrid systems to hydrogen, ethanol, and fully-electric vehicle concepts. Their partnerships include a joint venture with Youngman Automotive, China’s leading bus manufacturer which they call Detroit Electric, and design-collaboration with Lotus Engineering.

In 2002, ZAP acquired Voltage Vehicles in a move which proved exponentially beneficial to distribution efforts. Since its inception, ZAP has delivered more than 100,000 vehicles to customers in 75 countries. In a related matter, the company recently announced a strategic partnership with Dubai-based Al Yousuf Group to further expand international distribution.

Voltage Vehicles, ZAP’s wholly-owned distribution subsidiary, has already begun to receive several inquiries from automotive dealerships worldwide interested in offering ZAP vehicles under the Detroit Electric venture set for launch in 2009.

From its innovative engine systems to groundbreaking work in the field of nanotech battery solutions for mobile electronics, ZAP is positioning itself to capitalize on an industry sector that has yet to realize its full potential. In fact, it is conceivable that, in the fledgling market of electronic and hybrid automobile manufacturing, we have only seen the tip of an enormous iceberg.

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ZAP (ZAAP.OB) Springs Into Action with New Electric Scooter

Friday, March 28th, 2008

Last Week was the official start of Spring. Unfortunately, the warm weather may bring record gas prices, which will put a dent in our enjoyment of, and participation in, spring-like outdoor activities. We may have an option, though. ZAP, the electric vehicle pioneer, is reminding people that they can save a lot of money by leaving the car at home and using an electric scooter.

In the past, electric vehicles were considered slow. That might no longer be the case, particularly with ZAP electric scooters. According to the company, these electric scooters have a new, secret weapon – a powerful motor technology built into the rear wheel. This motor is so powerful it can win drag races against gas scooters with the sort of speed and acceleration that leaves polluting gas-powered scooters eating dust.

ZAP makes electric cars and trucks, but its newest scooter, the Zapino, is a moped-class electric vehicle that is getting rave reviews. The Zapino is designed to plug into any normal household outlet and comes with all the features and equipment you would expect in a scooter. The Zapino’s sporty design and elegant style is visually attractive, and its suspension provides a smoothly exciting experience for drivers.

The Zapino’s breakthrough technology features a high-tech wheel-motor rated at 3,000 watts, which (according to ZAP) is the most powerful wheel motor available in the scooter market today. Engineers found that the wheel motors actually squeeze an extra 20-30 percent more efficiency out of a vehicle, allowing Zapino to go much farther than similar scooters without wheel motors. While testing, the Zapino was found to travel up to 30 miles per charge, depending on the rider and road conditions.

Zapino owners say they are thrilled by the superb power and extended range. Durango resident, Baker McKonly, stated, “When we first got our two Zapinos, we couldn’t believe how powerful they were, with great acceleration and good hill climbing. Then my wife and I raced it against some 50 cc gas scooters and the Zapino could beat them off the line. We like them so much we’re considering opening a dealership here and offering them as rentals.”

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ZAP, Inc (ZAAP.OB) Sells 614 Electric Cars Following Largest Dealer Seminar

Monday, February 4th, 2008

ZAP, Inc (ZAAP.OB) announced that the company has added six new electric car dealers during the beginning of year 2008. Together, all dealers have signed purchase orders totaling 614 Xebra sedans and trucks.

Specifically, all purchase orders are non – refundable, legally binding contacts for a mixture of ZAP Xebra electric sedans and trucks. The orders also include the Zapino, ZAPPY3 PRO, ZAPPY3 EZ and the ZAP Mid-Sized ATV. Overall, the total value of purchase orders amount to $5,127,850.

ZAP’s CEO, Steve Schneider, expects more dealers to join their distribution network shortly. The company currently has 54 dealers within the United States, with a goal to establish 100 dealers by the end of the year.

Steve Schneider stated, “We are looking for dealers who want to take action today. The technology for electric cars is coming faster than everyone thinks. We will be working very hard this year to expand and refine our dealer network for the more advanced vehicles planned for 2009.”

Schneider added, “We have restructured our distribution concept to offer an incentive for dealers who can tap into the many vertical markets opening up for electric vehicles and to be able to profit from them right away. Today’s Xebra is the VW Bug of electric cars; it’s basic and cost-effective. Companies like UPS, Coke and others are finding ways to incorporate these environmentally friendly vehicles into their bottom line savings and with today’s economy the demand can only grow.”

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ZAP (ZAAP.OB) Acquires Exclusive American Distribution From CCT Power

Monday, October 22nd, 2007

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 company we wanted to be working with,” said Sharon Tang.

“Advanced Battery Technologies is working on some of the most important battery developments in the industry and we look forward to incorporating them into vehicle developments for the joint venture with Youngman,” said Albert Lam.

ZAP’s Portable Energy business is the result of several extensive years of research in the development of advanced batteries for electric vehicles. Both ZAP’s Recharge-It-All and iZAP lines help solve the growing battery dilemma for mobile electronics in electronic cars, as they offer a rechargeable source of battery for any electronic device.

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