New ZAPCARS(TM) on Display April 14-23 at the New York International Auto Show
Tuesday April 11, 8:00 am ET
Smart, Electric and Alcohol Cars Highlighted
NEW YORK--(BUSINESS WIRE)--April 11, 2006--Automotive pioneer ZAP (NYSE Arca:ZP)(PCX:ZP - News) announced today that it will be exhibiting at the New York International Auto Show for the first time with a full line of fuel-efficient and advanced technology ZAPCARS(TM) and other vehicles on display, all designed to help Americans save gas and money.
Source: ZAP
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ZAP's display is located in the Galleria, Booth D of the New York International Auto Show, running April 14-23 at the Jacob K. Javits Center. As part of its display, ZAP will be showcasing the famous Smart Car Americanized for ZAP, the OBVIO ! 828 "trybrid" sports car concept, and the XEBRA(TM) all-electric "city-car."
Although available throughout the world, this will be the first time US legal Smart Cars are available in the USA. ZAP adds that they are now offering the nation's only micro-car through its authorized dealer and service network. Smart Cars have now been delivered and sold to several ZAP authorized dealers around the country while the Company is ramping up distribution along with other cars that seek to target the micro-car niche with advanced technologies.
This spring ZAP intends to roll out its new XEBRA, one of the world's only production all-electric city-cars. US consumers will have the first chance to order this unique four-passenger vehicle for under $10,000 as ZAP sets up distribution in the United States through its authorized dealers.
ZAP is also unveiling a new "trybrid" sports car concept, the OBVIO ! 828, through a partnership with Brazilian automaker OBVIO !(TM) Automotoveiculos S.P.E. Ltda., of Rio de Janeiro. ZAP is the exclusive North American distributor for the OBVIO ! "trybrids," which have the ability to run on gas, electricity or alcohol (called ethanol in the US), which ZAP is planning to make available through its dealer network.
ZAP offers ways for the whole family to pitch in with fuel-efficient transportation. For the first time, ZAP will be showing its 2006 line of ZAPPY3 electric scooters, MUD-E electric dirt bikes and BUZZZ ATVs at the New York International Auto Show. Auto Show visitors are encouraged to stop by ZAP's booth #D.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 90,000 vehicles to consumers in more than 75 countries. ZAP is at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, alcohol, hybrid, trybrid and other innovative power systems. The Smart Car Americanized for ZAP currently complies with regulatory requirements in all states except California, New York, Massachusetts, Vermont and Maine. ZAP is not affiliated with, or authorized by, smart gmbh, the manufacturer of Smart automobiles, or the smartUSA division of Mercedes-Benz LLC, the exclusive authorized U.S. importer and distributor of those vehicles. For more information, visit zapworld.com.
Cautionary Statement
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 on 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.
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Contact:
ZAP
Jennifer Zimmons, 212-838-1444 (Investor Relations)
jzimmons@zapworld.com
Eveline Souza, 707-525-8658 ext. 216 (Media Relations)
esouza@zapworld.com
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Source: ZAP |
