EX-IM Bank Chairman Fred P. Hochberg Visits Zero Motorcycles’ California Factory
SANTA CRUZ, Calif. (March 19, 2014) – Zero Motorcycles, the global leader in the electric motorcycle industry, today announced that it hosted a visit by Fred P. Hochberg, Chairman of the Export-Import Bank of the United States. Zero Motorcycles CEO Richard Walker invited Chairman Hochberg to tour Zero’s Scotts Valley, California factory after Mr. Walker participated as a speaker at last year’s Ex-Im Annual Conference. Chairman Hochberg first became enamored with the technology when he rode a Zero motorcycle on stage during his keynote address at the 2012 Ex-Im Annual Conference.
“I’m excited to be here at Zero today to see these amazing electric motorcycles,” commented Ex-Im Chairman Fred P. Hochberg, “It is great to see an American company designing and building this kind of product right here in California. We are proud to support Zero Motorcycles as they expand their exports of these innovative motorcycles worldwide and boost jobs here in California.”
"We are thrilled to have Chairman Hochberg join us today and see our high performance electric motorcycles on the factory floor and in action,” said Richard Walker, CEO of Zero Motorcycles. “As one of the top leaders in President Barack Obama’s administration, his visit sends a strong statement about support for the revival of American manufacturing."
The visit began with an introductory meeting between Chairman Hochberg, Ex-Im Senior Vice President of Congressional Affairs Scott P. Schloegel, and the Zero Senior Executive Team at the company’s headquarters near Santa Cruz, California. Next came a private tour of Zero’s manufacturing operations and factory floor. Both Chairman Hochberg and Mr. Schloegel wanted to make sure they had a chance to ride the electric motorcycles before delivering their congratulations to the entire Zero staff.
Zero Motorcycles participates in the Ex-Im Environmental Exports program which supports Zero’s global business across Europe, South America, Africa, the Middle East, Asia, and Australia. Zero predicts that 60% of its business this year will be exports from the United States to the rest of the world. By using credit insurance provided by the Ex-Im Bank to support these export sales, Zero has been able to increase growth and employment, bringing electric vehicle manufacturing back to the United States.
Chairman Hochberg also was able to view the Zero Police Fleet motorcycles. Zero Motorcycles has made a compelling case for electric motorcycles in police and public safety fleets and is now the worldwide leader in this technology. Zero has made recent announcements of the deployments of 59 patrol fleet motorcycles in Hong Kong, and 100 police motorcycles in Bogota, Columbia. In each case, these motorcycles are being used for patrols, traffic enforcement, and all daily policing actions. Bogota has made a long-term commitment to replacing thousands of gas police motorcycles with electric ones. These relationships place Zero at the forefront of the shift to global electric mobility.
About Ex-Im Bank
Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working-capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. In the past fiscal year alone, Ex-Im Bank earned for U.S. taxpayers more than $1 billion above the cost of operations.
In FY 2013, Ex-Im Bank approved more than $27 billion in total authorizations to support an estimated $37.4 billion in U.S. export sales and approximately 205,000 American jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions-- or 89 percent--for small-businesses. Small business exporters can learn about how Ex-Im Bank products can help them increase foreign sales at go.usa.gov/ZVTd. For other information about Ex-Im, visit www.exim.gov.
About Zero Motorcycles
Zero Motorcycles is committed to transforming the motorcycling experience by bringing to market highly innovative electric motorcycles that offer exceptional value and performance. Zero is powered by innovation, driven by passion, guided by integrity and measured by results. Through extensive research, insight and experience, Zero combines the art and science of motorcycle development to create and manufacture products that excite consumers and inspire brand loyalty. Every model is designed and built in California. Zero is determined to be the pre-eminent global electric motorcycle company.
For more information on Zero Motorcycles or to learn more about its complete motorcycle line including the Zero S, Zero DS, and Zero FX motorcycles, visit: http://www.zeromotorcycles.com/