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California Governor Arnold Schwarzenegger Views China Electric Taxi from ZAP and Jonway UFO at Advanced Transportation Summit

2010-06-18 07:50 1189

BEIJING, June 18 /PRNewswire-Asia/ -- Electric car pioneer ZAP (OTC Bulletin Board: ZAAP) presented its electric taxi to Governor Arnold Schwarzenegger as he hosted a Summit on Advanced Transportation near the California Capitol June 15. Created through a new partnership with China's Jonway UFO, ZAP intends to market the taxis in China as well as South Korea through a partnership with Samyang Optics Co. Ltd. (Kospi: 008080.KSE).

( Photo: http://photos.prnewswire.com/prnh/20100617/SF23132)

( Photo: http://www.newscom.com/cgi-bin/prnh/20100617/SF23132)

( Logo: http://photos.prnewswire.com/prnh/20070130/SFTU060LOGO)

( Logo: http://www.newscom.com/cgi-bin/prnh/20070130/SFTU060LOGO)

ZAP CEO Steve Schneider, Founder Gary Starr and Chairwoman Dr. Priscilla Lu were on hand as Gov. Arnold Schwarzenegger brought together industry leaders from throughout California in new vehicle technologies, clean transportation fuels and electric and hybrid vehicles to discuss how California can remain a leader in advanced vehicle and alternative fuel research and development and green jobs.

More information and photos of ZAP vehicles and Arnold Schwarzenegger are available on ZAP's Blog at http://zapglobal.wordpress.com or on Flickr at http://tinyurl.com/3yxz2gc.

"Today's Summit is especially timely as we continue to be stunned by footage of the oil spill in the Gulf of Mexico. Now, more than ever, it is clear that clean transportation is the future, and California's policies and companies are leading the way," said Governor Schwarzenegger in a statement released to the press.

ZAP showcased its new electric taxi at the summit. The taxi uses ZAP's drive system designed in California and integrated into the Jonway UFO A380 5-door sports utility vehicle manufactured in China. ZAP also displayed a prototype of its Alias electric car as well as some of its production electric vehicles, including the ZAP Dude electric ATV, the ZAP XL electric truck, and the Zappy3 personal transporter. At the summit, Schneider suggested that California adopt a Medium Speed Vehicle Law similar to other states like Oregon and Kentucky.

"Governor Schwarzenegger was very impressed with our vehicles and we let him know that ZAP has several electric vehicles in production today that can help California achieve its advanced transportation goals," said ZAP CEO Steve Schneider. "Arnold met with us in China in 2007 to learn more about ZAP's strategy over the past decade to partner with China on electric vehicles."

About ZAP

ZAP is one of the world's oldest and most experienced electric vehicle providers, having delivered over 117,000 of a broad range of vehicles to more than 75 countries since 1994. ZAP supplies electric trucks and vans to military, government and corporate fleets and is an innovator of electric motorcycles, scooters and ATVs. The Santa Rosa, California based company offers some of the only electric city-speed cars and trucks in production today and is leveraging its accrued technology know-how in developing a cost effective high-speed electric car called the ZAP Alias. It recently started pilot production for an electric taxi through a partnership in China and is developing electric charging stations with China's Holley Group, the world's largest producer of electric power meters.

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.

Source: ZAP
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