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The reorder was based on an initial trial order placed in June. The new order includes eleven Zaptruck XLs as well as five 220-volt fast charging stations.
The company also confirmed that ZAP CEO Steven Schneider and Board Chair Priscilla M. Lu have just returned from China where they negotiated expanded manufacturing supply line agreements prompted by increased demand for 100% electric vehicles from corporate and government fleet buyers in the U.S.
According to Amos Kazzaz, ZAP's COO in charge of production and sales, "We have been increasing our production and assembly schedules for the past several months and I expect to see even more ramp-up initiatives in the next quarter."
While the XL trucks are normally equipped with on-board 110-volt or 220-volt smart chargers, the charging stations are specially designed for rapid charging. Like a fuel pump, the electric trucks can pull up and plug in between trips, what is called an "opportunity charge" in the industry. These advanced chargers are designed to charge ZAP trucks almost completely in an hour, enabling the vehicles with much greater range on a daily basis.
ZAP noted a significant increase in interest from fleet buyers over the past several months. In August, the Federal Aviation Administration awarded ZAP a contract for seven ZAP trucks.
For more news and information on ZAP, please visit www.IRGnews.com/coi/ZAAP where you can find the CEO's video, a fact sheet on the company, investor presentations and more.
About ZAP
ZAP has been a leader in electric transportation since 1994, manufacturing a line of electric vehicles, including electric city-cars and trucks, motorcycles, scooters, and ATVs. ZAP sells some of the only electric city-speed cars and trucks in production today and is developing a freeway capable electric roadster called the ZAP Alias. For further information visit http://www.zapworld.com.
Forward-Looking 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 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.
Contact: Investor Relations Group 212-825-3210 Investor Relations Jason Strominger or Michael Crawford Media Relations Laura Colontrelle
SOURCE: ZAP
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