Home > Press > Mr. Eqbal Al-Yousuf Joins ZAP Board of Directors
Electric car pioneer ZAP (OTCBB: ZAAP) announced today that Mr. Eqbal Al-Yousuf, President of Dubai's Al-Yousuf Group, has joined ZAP's Board of Directors.
Mr. Eqbal Al-Yousuf Joins ZAP Board of Directors
DUBAI, UNITED ARAB EMIRATES and SANTA ROSA, CA | Posted on December 19th, 2007
The Al-Yousuf Group, one of Dubai's leading business conglomerates, is involved in a multitude of industries under various subsidiaries, with dealings in automobiles, information technology, telecommunications, consumer electronics, boat manufacturing, air conditioning, imperbit membrane manufacturing, real estate, transportation, elevators and escalators and more. Al-Yousuf Motors, a member of the Al-Yousuf family, is one of the leading distributors of automobiles and automotive related equipment in the Middle East.
"ZAP is a pioneer for electric and other advanced technology vehicles," said Mr. Eqbal Al-Yousuf. "The Company markets many forms of advanced transportation vehicles, including electric automobiles, fuel-efficient vehicles, motorcycles, bicycles, scooters, neighborhood electric vehicles and all terrain vehicles. It is a great pleasure to be a strategic partner with ZAP, which is involved in developing and marketing environmentally friendly products. I am highly confident that the investments we made in ZAP will be used for the growth of the company."
Recently, Al-Yousuf Group purchased US$5 million ($5,000,000) in ZAP shares.
"The Al-Yousuf group is making a very serious commitment to clean technologies," said ZAP CEO Steve Schneider. "ZAP is fortunate to have someone with the business pedigree and backing of Mr. Eqbal Al-Yousuf on its Board of Directors."
Founded in 1952, Al-Yousuf Group has 18 subsidiaries with branch offices in UAE, KSA, Qatar, Egypt, and Jordan. Under the leadership of Mr. Eqbal Al-Yousuf, the Al-Yousuf Group has a 55-year history of excellence in the Middle East. With a strategy of aggressive growth and marketing, The Al-Yousuf Group has grown remarkably over the years. Today, Al-Yousuf has a network of subsidiaries and associate companies having staff strength close to 3,000.
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP has formed a joint venture with Youngman Automotive Group, one of the largest bus and truck manufacturers in China, to develop, manufacture and distribute a line of electric and hybrid vehicles. ZAP is also developing a new generation of advanced nanotech batteries with Advanced Battery Technologies. The Company recently launched a new technology called Recharge-It-All that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
For more information, please click here
707-525-8658 x 241
Copyright © Marketwire
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Silicene Labs Announces the Launch of Patent-Pending, 2D Materials Composite Index™ : The Initial 2D Materials Composite Index™ for Q2 2014 Is: 857.3; Founders Include World-Renowned Physicist and Seasoned Business and IP Professionals July 24th, 2014
Iranian Scientists Produce Transparent Nanocomposite Coatings with Longer Lifetime July 24th, 2014
Deadline Announced for Registration in 7th Int'l Nanotechnology Festival in Iran July 23rd, 2014
A Crystal Wedding in the Nanocosmos July 23rd, 2014
Organometallics welcomes new editor-in-chief: Paul Chirik, Ph.D. July 22nd, 2014
NSS Pays Tribute to Space Pioneer Frederick I. Ordway III July 7th, 2014
Harris & Harris Group Announces Changes to Its Legal Department June 9th, 2014
SEMATECH Appoints Satyavolu Papa Rao to Lead Process Technology May 13th, 2014
Using Sand to Improve Battery Performance: Researchers develop low cost, environmentally friendly way to produce sand-based lithium ion batteries that outperform standard by three times July 8th, 2014
Up in Flames: Evidence Confirms Combustion Theory: Berkeley Lab and University of Hawaii research outlines the story of soot, with implications for cleaner-burning fuels July 1st, 2014
Nanofluids Improve Performance of Automobile Radiator July 1st, 2014
Iranian Researchers Produce Protein Nanoparticles from Chicken Feather June 11th, 2014
Compact Vibration Harvester Power Supply with Highest Efficiency Opens Door to “Fix-and-Forget” Sensor Nodes July 23rd, 2014
UCF Nanotech Spinout Developing Revolutionary Battery Technology: Power the Next Generation of Electronics with Carbon July 23rd, 2014
Labs characterize carbon for batteries: Rice, Lawrence Livermore scientists calculate materials’ potential for use as electrodes July 14th, 2014
Nanotechnology that will impact the Security & Defense sectors to be discussed at NanoSD2014 conference July 8th, 2014