MEDIA RELEASE PR42057
ZAP and Remy Electric Motors Sign Strategic Development and Supply Agreement
SHENZHEN, China, Nov. 5, 2010 /PRNewswire-AsiaNet/ --
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
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.
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
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.
CONTACT: Matt Steward, Westcomm/Remy, +1-317-270-4898,
msteward@westcommonline.com; Alex Campbell, ZAP, +1-707-525-8658 x 241,
acampbell@zapworld.com
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