U.S. Military Reorders ZAP Electric Truck
Electric vehicle pioneer ZAP has received a follow-on order for electric vehicles and charging stations.
September 10, 2009
SANTA ROSA, CA- Electric vehicle pioneer ZAP (OTC.BB:ZAAP) has received a follow-on order from the U.S. military for additional Zaptruck XL electric vehicles and charging stations for shipment to a second international base.
The reorder was based on an initial trial order placed in June. The new order includes eleven Zaptruck XLs as well as five 220-volt fast charging stations.
The company also confirmed that ZAP CEO Steven Schneider and Board Chair Priscilla M. Lu have just returned from China where they negotiated expanded manufacturing supply line agreements prompted by increased demand for 100% electric vehicles from corporate and government fleet buyers in the U.S.
According to Amos Kazzaz, ZAP's COO in charge of production and sales, "We have been increasing our production and assembly schedules for the past several months and I expect to see even more ramp-up initiatives in the next quarter."
While the XL trucks are normally equipped with on-board 110-volt or 220-volt smart chargers, the charging stations are specially designed for rapid charging. Like a fuel pump, the electric trucks can pull up and plug in between trips, what is called an "opportunity charge" in the industry. These advanced chargers are designed to charge ZAP trucks almost completely in an hour, enabling the vehicles with much greater range on a daily basis.
ZAP noted a significant increase in interest from fleet buyers over the past several months. In August, the Federal Aviation Administration awarded ZAP a contract for seven ZAP trucks.
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