EPA Test Confirms Fuel Economy of Smart Car Americanized for ZAP at 40 MPG, Mileage Rating Released in the March 22 Edition of USA Today
Automotive pioneer ZAP (PCX:ZP; NYSE Arca:ZP) announced today the results of fuel economy testing from the United States Environmental Protection Agency for the Smart Car Americanized for ZAP.
SANTA ROSA, CA (PRWEB) March 24, 2006 -- Automotive pioneer ZAP (PCX:ZP; NYSE Arca:ZP) announced today the results of fuel economy testing from the United States Environmental Protection Agency for the Smart Car Americanized for ZAP.
The 2005 model year Smart Car Americanized for ZAP is the nation’s most fuel-efficient all-gas turbo-powered car with a fuel economy rating of 40 miles per gallon for city and freeway driving, according to the EPA testing lab in Ann Arbor, Michigan. It also ranks third overall behind two hybrid models according to the EPA's SmartWay™ Green Vehicle Guide (See www.fueleconomy.gov).
“I want to thank the shareholders and partners who have stood by us in this process, including G&K Automotive Conversions and Smart-Automobile LLC,” said ZAP CEO Steve Schneider. “ZAP has worked so long and so hard and invested millions of dollars to reach this point and now we can all finally benefit from the fruits of our labor. This car is the right car at the right time and it’s now the only micro-car available in the USA. I also want to send a special thanks to Santa Ana Mayor Miguel Pulido for assisting in this process.”
Schneider added that ZAP has delivered Smart Cars to dealers in Nevada, Arizona, Florida, Washington, New Hampshire, and Pennsylvania and with the recent release of 2005 model cars, other states will follow. Through its subsidiary, licensed automotive distributor Voltage Vehicles, ZAP is establishing a dealer network that specializes in smaller, more fuel-efficient gas systems, hydrogen, electric, fuel cell, alcohol, hybrid, trybrid and other innovative power systems.
ZAP has been also been in discussions to develop more new cars for its dealer network, and expects to introduce an all-electric ‘City-Car’ called the XEBRA™ this year and has contracted to distribute a Brazilian “trybrid” car under development that uses ethanol, gas and electricity. ZAP will continue to market a wide array of vehicles for personal transportation and off-road markets, including the manufacturing and distribution of electric scooters, bicycles, ATVs, dirt bikes, mopeds, motorcycles and more.
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. The Smart Car Americanized for ZAP currently complies with regulatory requirements in all states except California and four other states. 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 http://www.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.
Contact:
ZAP
Alex Campbell
Media Relations
(707) 525-8658 x 241
acampbell@zapworld.com
Jennifer K. Zimmons
Investor Relations
(212) 838-1444
jzimmons@zapworld.com
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