Powerzinc Licensed Its E-bike on OEM Basis to Manufacturer in Jiangsu,China

=== June 12, 2003 ===

Powerzinc has signed an Agreement to license Powerzinc¡¯s iGO brand dual power-source electric bicycles on OEM basis to a leading car components manufacturer in Jiangsu province of China. Under the planned agreement, the manufacturer will produce 36,000 units of zinc-air fuel cell bicycles (model TDN0202Z) for Powerzinc in the first year. It will also become one of Powerzinc¡¯s e-bike distributors in Jiangsu province. This would mark the first time that Powerzinc¡¯s high performance iGO bicycles will be made available to OEMs.


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