ZAP and Apollo Energy Demonstrate Proprietary ''Ammonia Cracker'' Technology to Power Hydrogen Fuel Cells; Patented Technology Offers Inexpensive, Zero-Emission Power Source with Potential to Accelerate Growth of Emerging Hydrogen Economy

Business Wire, May 23, 2005

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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 on 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.