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ZENN Motor Company Announces Departure of CFO

Posted May 07 2010 6:02am

Inc. (“” or the “Company”) (:ZNN) a leading enabler of zero emission transportation solutions, today announced the resignation of Lawrence Schreiner, its Chief Financial Officer. Mr. Schreiner will leave the Company at the end of July to pursue other business interests. The Company has initiated a search for a new CFO.

“Mr. Schreiner joined the Company in late 2005 and became CFO in January 2006 when the Company became a publicly traded entity,” stated Ian Clifford, CEO of the Company. “His experience with both early-stage and larger public enterprise, together with his broad management skills, have been invaluable assets for the Company. We will miss him and wish him well in his new pursuits.”

About ZENN Motor Company Inc.

ZENN Motor Company , Toronto, Canada, is dedicated to being a global leader in enabling zero emission transportation solutions for markets around the world. Driven by quality, ingenuity and a philosophy of social responsibility, the ZMC team is redefining what is possible in the electrification of transportation.

ZENNergy technologies and solutions, to be powered by EEStor’s electrical energy storage units (EESU) are expected to enable OEM and Tier 1 partners to deliver advanced electric transportation solutions to their customers. The Company has a Technology Agreement with EEStor that provides certain exclusive and non- exclusive rights to purchase and deploy EEStor’s EESU technology, which rights are detailed in the Company’s AIF.

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