- Based on the Lotus APX Technical Demonstrator Vehicle Designed & Developed by Lotus Engineering30 January 2007 -- Automotive pioneer ZAP [OTC BB: ZAAP] today announced plans to display Lotus Engineeringâ€™s advanced APX concept car at the North American Dealers Association (NADA) annual meeting and exhibition, February 3 to 6, 2007, confirming their choice to move ahead using Lotusâ€™ revolutionary platform and body structure design as the basis for the development of the high performance electric ZAP-X.
- ZAP-X features all wheel drive, 10 minute recharge time, a 350 Mile Range and will be the centre piece of the NADA Exhibition, 3rd to 6th of February 2007
ZAP and Lotus Engineering will begin the first phase of an engineering project to use the British consultancyâ€™s APX (â€śAluminium Performance Crossoverâ€ť) as a basis for designing a production-ready electric all-wheel drive crossover high performance vehicle for ZAP in the USA market.
A combination of the lightweight aluminium vehicle architecture, a new efficient drive and advanced battery management systems is intended to enable a range of up to 350 miles between charges, with a rapid 10-minute recharging time. An auxiliary power unit is planned to support longer distance journeys.
Lotusâ€™ APXâ€™s conventional gasoline V6 engine will be replaced by revolutionary in-hub electric motors, delivering 644 horsepower in all wheel drive mode, theoretically capable of powering the ZAP-X to a potential top speed of 155mph. A new strong, lightweight and highly efficient structure based on the Lotus technology is planned to give the car a very attractive power-toweight ratio.
Steve Schneider, CEO of ZAP, said: â€śLotus Engineering's APX technology demonstrator vehicle is a perfect fit for our plans to introduce a full product portfolio of electric cars. Due to the initial design by Lotus, our cost and time to production will be significantly reduced. We believe that the ZAP-X will become the most advanced, most practical and most appealing flagship electric vehicle to date and will revolutionize the industry providing the driver with the enjoyment of a sports car and the practicality of an SUV.â€ť
Mike Kimberley, CEO of Group Lotus plc, said: â€śLotus Engineeringâ€™s APX is a world-class innovative concept and was developed to showcase real solutions to new challenges facing the automotive industry. So itâ€™s very satisfying that ZAPâ€™s proposed new model will make use of a great deal of the APX conceptâ€™s advanced body structure and chassis technology. The bringing together of these next-generation vehicle technologies represents another significant step forward for automotive technology.â€ť
The APX showcases Lotus Engineeringâ€™s Versatile Vehicle Architecture technology, combining lightweight aluminium vehicle architecture with exceptionally strong and stiff structural rigidity, as well as lower manufacturing investment requirements. Having first been shown to the world at the Geneva motor show in 2006, the APX concept has won the 2006 European Aluminium Awards in the â€śTransport and Automotiveâ€ť category.
The innovative placement of the power train leaves the space previously occupied by the conventional engine and drive train for additional battery capacity and amenities, making it a very consumer-oriented electric car concept. These design features will give the ZAP-X crossover the structural strength, and potentially storage and range that no electric vehicle has yet achieved publicly.
The development programme is proposed to be managed from a new centre of excellence for research and development of environmentally-friendly vehicle designs and technologies. Engineering input will come from Lotus Engineering Inc, and the British technology consultancyâ€™s other R&D centres in the UK, Malaysia and China. Ends
About Lotus Engineering
Lotus Engineering has been behind the design and construction of some of the most successful cars in history and is one of the world's premier automotive consultancies with engineering centres in Asia, North America and Europe.
Employed by many of the major car manufacturers, Lotus Engineering maintains a strong tradition of excellence in the automotive business with cutting-edge engineering expertise, and talented, visionary staff. Lotus Engineering offers full engineering services capable of taking a project from initial concept and product design, through development, testing and prototype build, as well as production and production support.
Lotus is one of only two OEMs that has experience in designing, developing, manufacturing and marketing its own products offering this range of expert services to third parties. This gives Lotus a highly respected premium position in todayâ€™s automotive industry. For more information, visit www.grouplotus.com
ZAP currently markets the only city-speed electric car and truck available in the United States through a new automotive distribution portal marketing a complete lineup of advanced technology vehicles. ZAP's authorized auto dealer network will offer sales, service and parts distribution for the lineup of vehicles being developed by ZAP and its strategic partners in Europe, Asia and South America. ZAP has been a leader in advanced transportation technologies since 1994, delivering nearly 100,000 vehicles to consumers in more than 75 countries. ZAP is at the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, alcohol, hybrid and other innovative power systems. For more information, visit http://www.zapworld.com
Statements in this press release that relate to future plans or projected results of ZAP are 'forwardlooking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the 'safe harbor' provisions of the PSLRA. ZAP's actual results may vary materially from those described in any 'forwardlooking statement' due to, among other possible reasons, the continued acceptance of ZAP's products, increased levels of competition, new products and technological changes, ZAP's dependence on thirdparty suppliers, intellectual property rights, and the realization of any of the other risks described in ZAP's Annual Report on Form 10-KSB, or in any of ZAP's other filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to put undue reliance on forward-looking statements.
Source: Group Lotus