MEDIA RELEASE PR39947
ZAP Founder Delivers Keynote Speech on Global Electric Car Trends at KOTRA's Global
TransporTech 2010 in Korea
DAEGU, South Korea, June 10 /PRNewswire-AsiaNet/ --
ZAP Displays Electric Taxi, ZAP Alias at Auto Industry
Exhibition in Korea with Distribution Partner Samyang Optics
Gary Starr, founder of electric vehicle pioneer ZAP (OTC Bulletin Board:
ZAAP), will deliver a keynote speech on global trends in electric vehicles at
Global TransporTech 2010, an annual exhibition and conference for the Korean
auto industry. With Korean distribution partner Samyang Optics Co. Ltd.
(Kospi: 008080.KSE), ZAP is exhibiting its electric taxi and ZAP Alias
prototype electric car at the event being held in Daegu, South Korea.
ZAP is participating in the event as a guest of the South Korean
Government and the Korea Trade-Investment Promotion Agency (KOTRA).
Representatives from KOTRA recently visited ZAP in California to discuss
incentives that would support adoption of electric vehicles (EVs) in Korea.
Sponsored by KOTRA, Daegu and North Gyeongsang Province, Global TransporTech
2010 is a gathering of the world's leading automotive and heavy equipment
buyers. For further information, visit its website:
Earlier this year, ZAP formed a partnership with Samyang Optics to
distribute its full line of EVs in Korea. The Korean government has announced
plans to offer subsidies, tax benefits and funding allocations for EVs of
over 400 billion won (close to US$500 million) managed by Ministry of
Knowledge Economy. Over time, ZAP and Samyang Optics expect to develop an
assembly process for EVs in Korea to assist the government in job creation.
The goal is to eventually source and manufacture the parts and EV components
in Korea.
Mr. Starr is delivering the keynote address on "Global issues and trends
related with environment-friendly future vehicles" in his presentation
entitled "EV Markets & Opportunities." A prolific EV designer and marketer
since 1974, Starr has been involved in the production of over 100,000 of a
broad range of EV designs. In 1993 Automotive News named Starr among the top
ten authorities in the electric car industry. Copies of Starr's presentation
are available upon request.
Founded in 1994, ZAP is one of the world's oldest and most experienced
electric vehicle providers. For further information about ZAP, visit its blog
Safe Harbor Statement
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 ZAP's
products, increased levels of competition, new products and technological
changes, ZAP's dependence upon third-party suppliers, intellectual property
rights and other risks detailed from time to time in the ZAP's periodic
reports filed with the Securities and Exchange Commission.
SOURCE: ZAP
CONTACT: Alex Campbell of ZAP,
+1-707-525-8658, ext. 241,
acampbell@zapworld.com; or
Pat Meier-Johnson of Pat Meier Associates Public Relations,
+1-415-389-1700,
patmeier@patmeier.com, for ZAP
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