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ZAP and Remy Electric Motors Sign Strategic Development and Supply Agreement

November 4, 2010

SHENZHEN, China, Nov. 4, 2010 /PRNewswire/ — Remy Electric Motors, LLC, has been named the new electric motor supplier to ZAP (OTC Bulletin Board: ZAAP). Today ZAP Founder Gary Starr and Remy Electric Motors General Manager Kevin Quinn told an audience of exhibitors and participants at this year’s World Electric Vehicle Symposium and Exposition (EVS) in Shenzhen, China, that the two companies have signed a long term motor supply and development agreement. Remy HVH 250 electric motors will now be used globally in ZAP’s cars and sports utility vehicles. Additionally, ZAP is developing a drivetrain with the Remy motor for use in automotive platforms of ZAP and those of several Chinese vehicles.

U.S.-based ZAP acquired 51 percent of Chinese auto manufacturer Zhejiang Jonway Automobile Company Ltd. this year. This merger has given ZAP access to the Chinese market through Jonway Auto’s distribution channels of more than 80 factory direct dealerships that feed into hundreds of factory authorized dealers. The new supply and development agreement signed by ZAP and Remy provides Remy with a strategic partner in the Chinese electric vehicle market.

Remy’s Kevin Quinn stated, “This new agreement with ZAP recognizes the superior performance and proven reliability of Remy’s electric motors. We are proud to partner with ZAP as they develop global markets with their line of innovative electric vehicles.”

Innovation is a hallmark of ZAP. One of their newest development projects, the Alias electric car, participated this year in the $10 million Progressive Insurance Automotive X PRIZE, a competition for 100 MPG or energy equivalent vehicles. ZAP’s Alias placed among the top seven finalists from the original 115 teams and was recognized as the most practical and the most wanted design in the competition.

ZAP Founder Gary Starr said, “Remy has proven to be a great partner. We are convinced their electric motor is the best on the market. ZAP is continually advancing our products to ensure industry leading performance and reliability. Switching to Remy electric motors for our entire line of vehicles is going to provide our customers with even more power and efficiency. This partnership is definitely a win-win for everyone involved.”

A worldwide audience became acquainted with ZAP’s electric vehicles in 2010 when ZAP’s Electric SUV Taxis were featured during the Shanghai World Fair. ZAP and Jonway Auto shuttled officials and VIPs during the exposition. These same vehicles will now be made available globally using the Remy HVH 250 electric motor.

This is not the first time ZAP and Remy have partnered. Remy Electric Motors joined forces with ZAP in the development of an electric postal delivery vehicle for the United States Postal Service (USPS). This vehicle was chosen as one of the five approved vehicle participants in a year-long trial by the USPS.

Remy’s patented High Voltage Hairpin (HVH) technology’s world-class torque and power density deliver added speed and range to ZAP’s electric vehicles. Brands like AMP Electric Vehicles, GM, Mercedes, BMW, Aptera and Allison Transmission use the Remy HVH electric motor for its superior technology, reliability and the speed to market that come with Remy’s existing global production capacity.

Today, there are more than 80,000 customer-validated Remy motors on the road. With over a billion miles of proven reliability, Remy’s compact HVH electric propulsion motors are power-dense, lab-tested and road-proven. For more details about the HVH250 Series electric motors, visit the Remy website at: http://www.remyinc.com/hvh.asp.

About Remy International, Inc.

Remy International, Inc., headquartered in Pendleton, Indiana, is a leading global manufacturer, remanufacturer and distributor of light duty starters and alternators and Delco Remy brand heavy-duty systems. Remy International also manufactures and distributes electric propulsion motors designed with leading edge technology and backed by the security of over a billion miles of proven reliability. In business for over 100 years, today Remy International is actively collaborating with companies throughout the world to develop innovations that are transforming the vehicle industry. Recently, Remy International was recognized by the United States Department of Energy for its leadership role in the hybrid technologies space and awarded a $60 million grant under the Electric Drive Vehicle Battery and Component Manufacturing Initiative.

To learn more, visit the Remy brand website at www.remyinc.com

About ZAP

ZAP is one of the oldest and most experienced EV providers, having delivered a broad range of over 117,000 vehicles to more than 75 countries since 1994. ZAP supplies electric trucks and vans to military, government and corporate fleets and is an innovator of electric motorcycles, scooters and ATVs. The Santa Rosa, California based company is one of the few to offer all-electric city-speed cars and trucks that are in production today. ZAP is also developing a freeway capable electric vehicle called the Alias. Further news and information is available at http://zapglobal.wordpress.com.

To learn more, visit the ZAP website at www.zapworld.com

This material is based upon work supported by the Department of Energy under Award Number DE-EE0002023. This release was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States Government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof.

SOURCE Remy International, Inc.


Source: newswire



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