Press Release Source: ZAP
First Hybrid Fuel Cell Vehicle Goes on Sale from ZAP
Thursday January 6, 10:00 am ET
Now on Display at Consumer Electronics Show in Las Vegas
LAS VEGAS, Jan. 6 /PRNewswire-FirstCall/ -- The hydrogen economy is one step closer with the announcement by ZAP (OTC Bulletin Board: ZAPZ - News) and Anuvu Incorporated of the availability this year of the first hydrogen fuel cell consumer vehicle, on display now at one of the world's largest technology tradeshows, CES, in Las Vegas.
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ZAP unveiled the hydrogen fuel cell powered pickup as well as a new lithium battery technology at the Consumer Electronics Show. ZAP is forming a new division of the Company to focus on advanced energy technologies alongside its efforts to market advanced transportation.
ZAP's fuel cell technology partner, Anuvu Incorporated, converted the Nissan Frontier 4-door pick-up truck on display at CES. An innovative hybrid fuel cell system powers the vehicle on hydrogen and electricity. With seating for four, a 44-cubic feet cargo bed, power windows, power door locks, and air conditioning, the truck also works like a generator providing a standard 120-volt AC source for powering external machinery and appliances, from power tools to a whole campsite.
"We believe this to be the first time a fuel cell vehicle has been offered for sale to the public," said Craig Newhouse, Ph.D., Anuvu's National Sales Director. "Fuel cell technology has advanced to the point where it is no longer a secret: the technology to drive a zero-emission hydrogen automobile is already here, years ahead of government expectations."
ZAP calls Anuvu's fuel cell systems "fuel cell hybrids" because they run on both hydrogen and electricity, like the gasoline-hybrids currently on the market. Unlike the gasoline hybrids, the by-product of Anuvu's technology is water vapor and nitrogen, classifying it as a "zero emission vehicle."
Last month ZAP signed an exclusive distribution agreement with Anuvu of Sacramento, California for its patented Power-X(TM) hydrogen fuel cell engine systems. According to Anuvu, ZAP's purchase order for the Power-X(TM) PEM fuel cell engine is the largest in fuel cell history. The two Northern California companies are working to be the first to begin delivering production fuel cell vehicles this year. ZAP CEO Steve Schneider claims it is another opportunity to take the lead in introducing automotive innovations into the marketplace for ZAP, which helped pioneer the market for electric cars, scooters and bicycles.
Anuvu CEO Tom Scrima stated: "Thanks to ZAP's diverse line of electric vehicles, Anuvu's dream of affordable fuel cell hybrids can be achieved in 2005. ZAP electric vehicles can be modified to run on fuel cells, helping to increasing their range and performance. Fuel cells will change the world as we know it. People can now drive electric vehicles without having to plug in to recharge all the time and some talk about running their entire household by plugging into their car."
Anuvu Co-Founder Lyn Cowgill added: "We've looked for a relationship with a Company like ZAP for a long time, someone who shares the vision of realistic alternative energy for everyone, and feels a social responsibility to give consumers a choice."
About Anuvu
Anuvu, Incorporated is a pioneering developer and supplier of fuel cell products. The proprietary design of Anuvu's fuel cells allows for near-term development and enhanced design potential for vehicles efficiently powered by hydrogen. Anuvu's Power-X(TM) fuel cell line offers industries such as automotive, marine/boating and educational research low-cost, off-the-shelf fuel cell engine products as well as specially designed systems. Power-X(TM) is a trademark of Anuvu, Inc. More information can be found at: www.anuvu.com.
About ZAP
ZAP has been a leader in clean transportation technologies since 1994, delivering more than 85,000 vehicles to customers in more than 60 countries. A public company, ZAP is traded on the Over-the-Counter stock exchange under the symbol ZAPZ. The company offers a variety of advanced technology vehicles, including electric cars, bicycles, scooters, motorbikes, underwater scooters and more. For more information, visit zapworld.com or call +1-707-525-8658.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. 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 |
