SOURCE: ZAP

ZAP

June 09, 2009 09:00 ET

ZAP Elects Veteran Toyota Manufacturing Exec to Board

CEO of Zap Motor Manufacturing Kentucky Brings Extensive Energy and Automotive Industry Experience

SANTA ROSA, CA--(Marketwire - June 9, 2009) - Electric transportation pioneer ZAP (OTCBB: ZAAP) has elected Gary Dodd to its board of directors. Dodd, a successful entrepreneur and former Toyota executive, is the CEO of Zap Motor Manufacturing Kentucky (ZMMK), which has an exclusive U.S. manufacturing agreement with ZAP to provide a domestic manufacturing base for the company.

"Pure electric vehicles are going to be a major force in the auto industry," said Dodd. "ZAP is an established player full of innovative product ideas that offers new directions in personal and commercial transportation. It is a leader in a vital emerging American industry."

"Now is the time to start doing the right thing for our economy, the environment, and our country's energy independence," Dodd added. "ZAP is doing just that. I am excited to join ZAP's board and to be a part of this dynamic electric vehicle enterprise."

ZAP CEO Steve Schneider said, "Gary adds tremendous manufacturing, energy, and automotive expertise to our board of directors. With ZAP's future vehicle lineup and long-range manufacturing strategy directly aligning with U.S. government policy, Gary will provide important leadership for those efforts."

Dodd, a graduate of Marshall University, has a four-decade career in the energy and automotive sectors that includes broad international experience. He was an executive with Ashland Oil, where he worked extensively in the Middle East. In 1986, he joined Toyota Motor Corporation as a general manager of Toyota's first U.S. manufacturing facility.

In 1998, Dodd founded his own business, which supplied just-in-time, sequenced automotive components from eleven manufacturing facilities to Toyota, Honda, Nissan, BMW, Mercedes, Hyundai, Ford and General Motors.

Earlier this year, ZMMK, applied to the U.S. Department of Energy (DOE) for a $200 million Advanced Technology Vehicles Manufacturing loan to build its Franklin plant. DOE will be allocating $25 billion in such loans to qualified carmakers and suppliers who can build advanced technology vehicles in the U.S.

About ZAP

ZAP has been a leader in electric transportation since 1994, delivering over one hundred thousand vehicles to consumers in more than seventy-five countries. ZAP manufactures a line of electric vehicles, including electric city-cars and trucks, motorcycles, scooters, bicycles, and ATVs. ZAP sells some of the only electric city-speed cars, trucks and vans in production today and is developing a freeway capable electric vehicle called the ZAP Alias. For product, dealer and investor information, visit 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 Information

  • Contact:
    Alex Campbell
    ZAP Media Relations
    707-525-8658 ext. 241
    acampbell@zapworld.com

    or

    The Investor Relations Group
    212-825-3210
    Investor Relations
    Rachel Colgate or Michael Crawford
    Media Relations
    Laura Colontrelle

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