ZAP: New Fuel Systems places $1M order for electric vehicles

Unternehmen und Markt

zap_logo(Source: PR Newswire) Calif. & Vancouver, Electric Vehicle pioneer ZAP and New Fuel Systems Inc. today announced they have signed a distribution agreement for Canada, sparked in part by Canada's commitment to reduce greenhouse gases under the Kyoto Protocol.

Under the agreement, New Fuel Systems Inc. has agreed to the initial purchase of $1 million ($1,000,000) worth of ZAP electric vehicles, including ZAP electric cars, trucks, mopeds, scooters and other electric vehicles. New Fuel Systems plans to open retail locations throughout Canada and showcase electric transportation during the 2010 Winter Olympics being planned for Whistler, British Columbia.


According to Company officials: ZAP and New Fuel Systems Inc. share a common goal to increase the awareness and sales of electric vehicles, including automotive and consumer vehicles, while contributing to the reduction of carbon emissions and greenhouse gases. With the combined goals and strength of these two companies, this vision can become a reality at a much greater pace.

The Canadian Government signed the "Kyoto Protocol" which binds them under international law to reduce greenhouse gases. Officials from ZAP and New Fuel Systems believe this opens up tremendous opportunities in Canada and the world for environmentally friendly alternatives like ZAP's "zero emission" electric vehicles.

New Fuel Systems Inc. is located in Vancouver, British Columbia, a port city on the west coast of Canada. New Fuel Systems says Vancouver is a multicultural city in a province that is considered to be the most environmentally and socially conscious province in Canada. World attention will be focused on the 2010 Winter Olympic Games, which will be held in Whistler, just North of Vancouver, and are being promoted as the first ever "Green" Olympic Games. The California Senate and British Columbia government are working together to achieve "emission reductions" programs and "green consciousness." It is the mission of ZAP and New Fuel Systems Inc. to promote, market and utilize "ZAP Electric Vehicles" before, during, and after this major event while at the same time promoting the agenda of the California Senate and BC Government. Canada is a vast country with an "environmentally conscious" population; therefore ZAP and New Fuel Systems believe Canada will be eager to receive the vehicles they have to offer.

About New Fuel Systems Inc.
New Fuel Systems Inc. is positioning to be a leader in the marketing and distribution of advanced technology vehicles with plans to open retail locations throughout Canada while fulfilling government, commercial and general public demand for affordable clean vehicles. New Fuel Systems Inc. recognizes the potential of ZAP vehicles in meeting its environmental goals of reducing greenhouse gases with products that are affordable and comparable to most gasoline-powered machines. The vehicles consume electricity, which is a renewable form of energy.

About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. The Company recently launched a new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. 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.


Image: ZAP


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