ZAP, the Northern California pioneer in electric bicycles and scooters, announced today its subsidiary Voltage Vehicles has signed an agreement for a new ZAP brand of electric automobile.

ZAP expects to unveil the new electric cars on January 9, 2003 at the International CES in Las Vegas, Nevada, the world's largest consumer technologies event with more than 100,000 annual attendees.Voltage Vehicles, a subsidiary of ZAP, has signed an exclusive agreement with a European-based group of companies involved in the design and manufacturing of electric automobiles. The group has started production on several different types of light electric utility vehicles for urban transportation and commercial use, including a 25 MPH neighborhood electric car that is now available. A representative from the European group, Riccardo Coles, says they are working with ZAP to launch their initial sales in North America. Full Press Release