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ZAP Engineering Wins Postal Service Contract

February 18, 2010 (FinancialWire) — The United States Postal Service has awarded electric car builder ZAP (OTCBB: ZAAP) an engineering contract for the design and development of an electric version of its Long Life Vehicle.

ZAP said it will convert the existing the Long Life Vehicle, which is a gasoline-powered mail truck, to run on electricity to USPS specifications at facilities in Santa Rosa, California.

Following completion the converted vehicle will undergo field trials in the Washington, DC metropolitan area later this year.

ZAP was selected along with four other firms in a competitive bid process held nationwide by the USPS.

The company said it believes the use of electric mail trucks in the postal fleet could be a multi-billion dollar market opportunity for manufacturers of electric vehicles.

California-based ZAP has delivered over 117,000 electric vehicles to more than 75 countries since 1994. The company supplies electric trucks and vans to military and government fleets and is a developer of electric motorcycles, scooters and ATVs.

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