Chilkat Zip is an easy-to-use, royalty-free ActiveX control that empowers your applications to create/manipulate Zip archives. It can encrypt your data with the latest 256-bit AES Encryption, includes self-extracting EXE capabilities, and provides easy access to decompressed contents of individual files stored within a Zip archive. You can easily compress directly from memory buffers or strings and add multiple files with wildcarding and recursing directories.

http://www.chilkatsoft.com/ChilkatZip.asp