ZAP Pre-Qualified for USPS Next Generation Delivery Vehicle

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Apr 21, 2015, 05:00 ET

SANTA ROSA, Calif., April 21, 2015 /PRNewswire/ -- ZAP (ZAAP: OTC), an Electric Vehicle (EV) automotive company incorporated in California Bay Area received pre-qualification notice from the United States Postal Service ("USPS") for its Next Generation Delivery Vehicle ("NGDV"). On April 10, 2015, USPS notified the Company that ZAP was selected as a pre-qualifier for the development of new energy efficient postal delivery vehicles under the USPS's Next Generation Delivery Vehicle ("NGDV") program.

ZAP Pre-Qualified for USPS Next Generation Delivery Vehicle

This pre-qualification selection was a result of a Request for Information and Prequalification/Sources Sought by USPS for its NGDV issued on January 20, 2015. The purpose of this Request was to inform prospective suppliers on the USPS's preliminary draft specifications and plans for the acquisition of the NGDV fleet replacements. The USPS operates a fleet of over 200,000 vehicles in all areas of the United States and its territories. The contract, when awarded to a single supplier, will call for delivery of a minimum of 3,000 vehicles by January, 2018 to start with.

ZAP had been working with USPS since 2009 on the initial proposal for clean energy vehicles. ZAP was at that time selected as one of a few vendors to undergo trial to be selected to supply USPS with electric power train conversion of their traditional USPS trucks. After several years of trial, USPS decided last year that this program to adopt clean energy vehicles should be done with completely new trucks or vans more suitably designed to be powered by clean energy. This latest Request for Information pre-qualified ZAP to participate in the formal response for proposal and to begin a trial with the new product in first quarter 2016.

ZAP Jonway is working with a couple of large truck manufacturers and is in the process of finalizing its partnerships to support the repurposing of the truck's body to meet the specifications for this USPS opportunity. ZAP Jonway hopes to utilize this repurposed clean energy truck which will have models in both electric as well as Compressed Natural Gas (CNG) to expand into the US clean energy delivery fleet market. After getting the products qualified and type approved in the US for the USPS, ZAP hopes to target potentially other similar delivery companies interested in the same kind of products for their fleets. This potentially could open up a new market for ZAP to deliver its EV vans into the US delivery and logistics industries.

About ZAP and Jonway Auto

ZAP and Jonway Auto designs and manufactures quality, affordable new energy and electric vehicles (EVs). Jonway Automobile has ISO 9000 manufacturing facilities, certified for EV manufacturing, and engineering, sales and customer services facilities in China. Jonway has production capacity of up to 50,000 vehicles per year, over 1 million square feet of factory space, and over 65 acres of land and established sales distribution network in China. ZAP, an early pioneer of EVs, brings to both companies a broad range of EV product technologies. ZAP is headquartered in Santa Rosa, California and Jonway Auto is located in Zhejiang Province of the People's Republic of China. Additional information about ZAP Jonway is available at http://www.zapworld.com.

This press release contains certain forward-looking statements defined in the Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "estimate," "expect," "intend," "plan," and similar expressions that may tend to suggest a future event or outcome are not guarantees of performance, which cannot be predicted or anticipated. These forward-looking statements are based largely on expectations and are subject to a number of risks and uncertainties, many of which are beyond the control of the Company. Actual results could differ materially from these forward-looking statements.

Contact: Michael Ringstad

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707-525-8658x104

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