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ZAP Corporate News
Updated: 37 min 29 sec ago

Electric Car Factory Breaks Ground in Kentucky for Joint Venture Between ZAP and Integrity

Mon, 09/15/2008 - 03:20

FRANKLIN, KY and SANTA ROSA, CA -- Sep 15, 2008 -- Work commenced at the site of an electric car factory in Franklin, Kentucky, according to officials for Integrity Automotive, a joint venture to expand electric vehicle manufacturing in the USA for ZAP (OTC BB:ZAAP.OB).

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ZAP Debuts New Recharge-It-All for Powering iPhone, BlackBerry, Palm and Other Mobile Electronics

Wed, 09/10/2008 - 09:26

SANTA ROSA, CA -- Sep 10, 2008 -- Alternative energy pioneer ZAP (OTC BB:ZAAP.OB) unveiled its new Recharge-It-All mobile power storage unit, the R03 Micro Lithium Backup Charger, so you can have power anywhere you go for a cell phone, iPod, iPhone or other low-powered electronic device.

ZAP is debuting a new pocket lithium battery charger that works with the iPhone, BlackBerry, Palm and other low-powered electronic devices. The R03 Recharge-It-All is compatible with 80 percent of the mobile phone market and is the only one that can power a variety of phones.

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Detroit Electric Attracts New Investment and Technology Partners from Europe

Wed, 09/03/2008 - 09:44

HONG KONG (Aug. 30, 2008) -- Historic electric car brand Detroit Electric last June reached an understanding to move forward in the development of a line of full-performance pure electric passenger vehicles. CEO Albert Lam said a vehicle distributor and additional technology partners in Europe intend to provide capital financing and electric drive system technology for the venture. He expects further details to be announced.

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$68 Million in Kentucky Manufacturing Incentives Fast Tracks Electric Vehicle Talks at ZAP Headquarters With Integrity Manufactu

Mon, 08/18/2008 - 20:18

Monday August 18, 7:00 am ET

SANTA ROSA, CA--(MARKET WIRE)--Aug 18, 2008 -- Randall S. Waldman and Larry Cottingham of Integrity Manufacturing LLC are in Santa Rosa, California today for meetings with the management of electric vehicle pioneer ZAP (OTC BB:ZAAP.OB - News).

Integrity Manufacturing has been working with the State of Kentucky to help provide incentives to attract more manufacturing and assembly to the state. On Friday The Kentucky Economic Development Finance Authority gave preliminary approval for $68 million in state incentives for a large-scale manufacturing initiative with Integrity. The project is expected to bring economic development, new factory production and up to 2,500 jobs to Kentucky.

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Al Yousuf Group Provides a $10 Million Financing Arrangement for ZAP

Tue, 08/05/2008 - 05:33

UPDATED: 8-5-2008 06:31 PDT
SANTA ROSA, California, USA and DUBAI, UAE (August 5, 2008) – Electric vehicle manufacturer ZAP (OTC BB: ZAAP) announced today that the Al Yousuf Group, a Dubai-based conglomerate and investor, is providing a $10 million financing arrangement for future working capital enabling ZAP to meet growing demand for its electric vehicles. The financing arrangement allows for advances by ZAP over the next few years.

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Former Pirelli North America CEO Says Time Is Right for Electric Vehicles; Announces International Distribution With ZAP

Thu, 07/31/2008 - 19:06

ROME, GA -- Jul 29, 2008 -- Former Pirelli Tire North America president and CEO Gaetano "Guy" Mannino, after a lifetime of association with the auto industry, is speaking out about electric car technologies and his recent business venture with ZAP (OTC BB:ZAAP.OB).

Mannino's company, Verdek, has agreed to be the distributor for ZAP in the state of Georgia, where Mannino's business is headquartered. However, in an interview this week with www.CEONEWS.tv, Mannino talks about his plans for ZAP in the US and abroad.

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El Pollo Loco Rolls Out ZAP Electric Vehicles for Local Deliveries

Thu, 07/31/2008 - 19:00

El Pollo Loco Rolls Out ZAP Electric Vehicles for Local DeliveriesBEVERLY HILLS, CA -- Jul 8, 2008 -- As gas prices hit record levels again across the nation this week, restaurant chain El Pollo Loco is driving its marketing efforts in a new way -- literally -- through the rollout of two electric delivery vehicles from ZAP (OTC BB:ZAAP.OB).

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CNN: 5 Electric Cars You Can Buy Today

Thu, 07/31/2008 - 19:00

ZAP Xebra Electric Sedan
CNN did a round up of 5 electric cars that are available right now in the US. The five vehicles are an interesting selection, because if you look on the Internet it seems every car company has an electric car that they are already selling or that will come out over the next few years. So which is it? Are these the only five electric cars available right now? Or did CNN leave out a host of other vehicles?

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Key Execs From Al Yousuf Group Visiting ZAP

Thu, 07/17/2008 - 17:01

SANTA ROSA, CA -- Jul 17, 2008 -- Dubai's Al Yousuf Group has sent two key executives to electric vehicle pioneer ZAP (OTC BB:ZAAP.OB) this summer to explore synergies across their portfolio of transportation companies in which the Al Yousuf Group has invested.

Mr. Ashraf Saeed, the Chief Operating Officer for the Al Yousuf Group, is spending approximately a month at ZAP to explore more ways that Al Yousuf can support ZAP's ambitions in alternative transportation. Mr. Saeed has been cultivating the relationship with ZAP since contact was first made with the Al Yousuf Group.

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Forbes Magazine: Who is a winner with $4-a-gallon gas?

Wed, 06/18/2008 - 15:57

Needed: A Plug-In HummerWho's getting rich off $4-a-gallon gas--and who's feeling the pain? This is a question that Forbes Magazine asked in their Special Investment Guide Issue that hit newstands this June. The article "Needed: A Plug-In Hummer" is an entertaining, yet serious look at the repurcussions of high gas prices. You know times are changing when Forbes gives a nod to the smaller, indpendent car companies like ZAP. The article shows a computer model of the ZAP Alias, an electric sports car being developed by ZAP, and taps ZAP as one of the WINNERS, saying the vehicles "...are looking sexier with every uptick in gas prices." Other winners? Plug-in hybrid kit makers. Losers?

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Eqbal Al Yousuf Purchases $1 Million Stake in ZAP's Battery Business

Tue, 06/17/2008 - 15:28

DUBAI, UNITED ARAB EMIRATES and SANTA ROSA, CA--(MARKET WIRE)--Jun 17, 2008 -- Mr. Eqbal Al Yousuf has purchased a 50 percent interest of the Recharge-It-All Battery line of battery systems for mobile electronics from alternative transportation pioneer ZAP (OTC BB:ZAAP.OB - News) for US$1 Million ($1,000,000).

Mr. Al Yousuf made the $1 million purchase personally following his announcement last week of his intentions. Eqbal Al Yousuf is the President of The Al Yousuf Group and was recently appointed Chairman of ZAP's Board of Directors.

According to officials from ZAP and Al Yousuf, samples of ZAP's Recharge-It-All technology have been shipped to Dubai for testing.

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