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UPS Leases Fleet of ZAP Electric Trucks for Third Consecutive Year, Totaling 92 Vehicles Since 2007

^{Published on 2009-12-09 06:06:56 - Market Wire}
 

SANTA ROSA, CA--(Marketwire - December 9, 2009) - For the third year in a row, UPS has leased a fleet of electric trucks from ZAP (OTCBB: [ ZAAP ]) to help with deliveries to urban and residential communities in the Bay Area.

The 25 ZAP electric trucks are enabling UPS drivers to more easily schedule delivery routes in neighborhoods and dense urban areas where congestion and parking restrictions present potential problems for larger UPS vans. UPS has leased 92 electric vehicles from ZAP since 2007 to assist with increased delivery needs during November and December.

"UPS operates the largest fleet of delivery vehicles in the world and their continued use of ZAP's 100% electric vehicles demonstrates a commitment to reduce emissions and serves as a model for other fleet operators to follow," said ZAP CEO Steve Schneider. "Their deployment of alternative fuel vehicles parallels the deliveries that we've already made to the US government and military."

With a fuel efficiency estimated at over 100 MPGe, electric trucks can provide a substantial reduction in operational costs. Electric trucks better manage constant stop and go driving compared to gas vehicles because they "turn off" while stopped. They also have direct drive transmissions with fewer moving parts requiring less maintenance. For the past several years, ZAP has been targeting fleet applications for electric vehicles and says the experience with UPS starting in 2007 continues to provide an example to the fleet industry about the benefits of electricity.

Learn more about ZAP's electric trucks at [ http://www.zapworld.com ].

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.