ZAP Alias Electric Car Debuts at North American International Auto Show “Electric Avenue”
DETROIT, MI–(Marketwire – 01/08/10) – Electric transportation pioneer ZAP (OTC.BB:ZAAP) of Santa Rosa is previewing its Alias 100 percent electric sports car at the North American International Auto Show, January 11-24, in Detroit, Michigan. The display is part of the Progressive Insurance Automotive X PRIZE, a competition with a $10 million purse for production-capable vehicles that exceed 100 miles per gallon or energy equivalent.
The ZAP Alias will be located
in the auto show debut of “Electric Avenue,” a section on the main floor that will showcase electric vehicles and technology. The exhibit area will feature nearly 20 vehicles as well as symposiums and special events. For more information, visit http://www.naias.com.
The Alias was designed by ZAP and European engineers. Powered by an array of large-format lithium batteries, the base model Alias can top 85 miles per hour and travel over 100 miles on a charge. The drive system uses a compact, high-efficiency, air-cooled, AC-induction motor and carries an expected list price of around $35,000. See the vehicle in action at http://www.youtube.com/watch?v=5m8wlBj8RXs.
ZAP is optimizing the Alias design to meet growing demand from the EU and Southeast Asia as well as requirements of the Progressive Insurance Automotive X PRIZE. The Company expects to announce a distribution partner in the near future.
ZAP is one of the world’s oldest consumer electric vehicle providers, having delivered over 117,000 of a broad range of electric vehicles to more than 75 countries since 1994. ZAP supplies electric trucks and vans to military and government fleets and is an innovator of electric motorcycles, scooters and ATVs. ZAP supplies some of the only electric city-speed cars and trucks in production today. For further information, visit http://www.zapworld.com.
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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.
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