Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Mr. Eqbal Al-Yousuf Joins ZAP Board of Directors

Abstract:
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.

####

About ZAP
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

Contacts:
Alex Campbell
707-525-8658 x 241


Al-Yousuf Group
Mansoor Ali
97150-4578130

Copyright © Marketwire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

Basque researchers turn light upside down February 23rd, 2018

Stiffness matters February 23rd, 2018

Histology in 3-D: New staining method enables Nano-CT imaging of tissue samples February 22nd, 2018

Developing reliable quantum computers February 22nd, 2018

Appointments/Promotions/New hires/Resignations/Deaths

Ocean Optics Grows Sales Organization with Executive Appointments: Henry Langston promoted, Christine Stannard joins spectral sensing product developer December 23rd, 2017

Emmanuel Sabonnadiere is Letiís New CEO November 28th, 2017

Nanometrics Board of Directors Names Pierre-Yves Lesaicherre President and CEO November 14th, 2017

180 Degree Capital Corp. Appoints Investment Banking Veteran Parker Weil to Its Board of Directors August 2nd, 2017

Automotive/Transportation

Letiís Chief Scientist Presents Optimistic Vision for Neuromorphic Hardware and Ultra-Low-Power Microdevices for Edge Computing at ISSCC: Letiís Chief Scientist Presents Optimistic Vision for Neuromorphic Hardware and Ultra-Low-Power Microdevices That Are Based on Novel Emerging February 13th, 2018

Ultra-efficient removal of carbon monoxide using gold nanoparticles on a molecular support: New method and mechanism for state-of-the-art gas purification February 9th, 2018

Vanadium dioxyde: A revolutionary material for tomorrow's electronics: Phase-chance switch can now be performed at higher temperatures February 5th, 2018

New research yields super-strong aluminum alloy January 25th, 2018

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Leti Chief Scientist Barbara De Salvo Will Help Kick Off ISSCC 2018 with Opening-Day Keynote: In Addition, Leti Scientists Will Present and Demo New Technology for Piezoelectric Energy Harvesting February 8th, 2018

Round-the-clock power from smart bowties February 5th, 2018

NTU scientists create customizable, fabric-like power source for wearable electronics January 30th, 2018

Ultra-thin memory storage device paves way for more powerful computing January 17th, 2018

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project