Electric wheel motors

SANTA ROSA, CA, June 2, 2008 -- Electric transportation pioneer ZAP (OTC BB:ZAAP.OB) announced today that it has acquired an ownership interest in an electric motor company to develop and manufacture a new line of wheel motors for future vehicle developments and global distribution.

Under the agreement, ZAP is collaborating and investing in the development of a line of wheel motors for various types of electric vehicles, from an electric bike or scooter to an electric car. ZAP and its partner have also agreed to work together on the optimum process for manufacturing all motors and controllers. ZAP has been granted exclusive rights to the wheel motors under the agreement for international distribution.