December 10, 2007 07:00 ET
Danish Electric Car Scientists Extend Range of ZAP Xebra to 152 Miles With New Battery Management Technology
Lithium Balance Develops Battery Management Technology for ZAP
COPENHAGEN, DENMARK--(Marketwire - December 10, 2007) - Electric car scientists at Lithium
Balance in Copenhagen and ZAP (OTCBB: ZAAP) of California announced results
of their latest tests of a new battery management system for lithium
batteries, reporting that the Xebra pickup traveled 152 miles on a single
Since January, ZAP and Lithium Balance, formerly Eco Tech A/S, have been
collaborating on the development of the new battery management system. ZAP
has acquired the exclusive distribution for the technology for integration
into its electric vehicle development.
Two Xebra electric vehicles are being used for testing the Lithium Balance
battery management system at facilities in Copenhagen. In July, a similar
test resulted in a distance traveled of 100 miles per charge.
Lithium Balance's new system helps maximize the efficiency and performance
of lithium batteries. The overall system is smaller and lighter,
increasing the energy density by eight to ten times compared to the lead
acid batteries that are common in today's electric cars. Lithium Balance
claims the new system also improves the safety and reliability of
large-scale lithium battery packs for automotive applications.
ZAP is currently marketing the Xebra electric sedan and pickup through a
global distribution network of auto distributors, dealers and service
centers. The Xebra is a unique 'city-car' designed to provide an energy
efficient alternative for commuters, multi-car families, businesses and
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 has a joint venture
to manufacture electric and hybrid vehicles with Youngman Automotive Group,
one of China's leading manufacturers of buses and trucks. ZAP is developing
a high-performance crossover SUV electric car concept called ZAP-X
engineered by Lotus Engineering. ZAP is also developing a new generation of
vehicles using advanced nanotech batteries with Advanced Battery
Technologies. The Company recently announced a strategic partnership with
Dubai-based Al Yousuf Group to expand its international vehicle
distribution. ZAP also makes an innovative, 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.