14th Dec 2005 07:01
Enova Systems, Inc.14 December 2005 People's Republic of China: First Auto Works Introduces Enova Hybrid PoweredCity Bus TORRANCE, CA, December 14, 2005 - Enova Systems, (OTCBB: ENOV and AIM: ENV andENVS), a leading developer and manufacturer of electric, hybrid and fuel celldigital power management systems, announced today that one of its customers,First Auto Works (FAW) of China, introduced its "Hybrid City Bus." The HybridCity Bus, powered by Enova's 80kW Parallel Hybrid Drive system, was produced atFAW's Wuxi, China Assembly Plant on December 10, 2005. FAW is the largest automobile manufacturer in China, having more than 50 yearsexperience in the design and manufacture of commercial and passenger vehicles.Production volumes have exceeded 900,000 units per year since 2003. FAW, withits expertise in not only buses, but also automobiles and trucks, allows Enova amajor opportunity to capture additional market share for both light andheavy-duty vehicles throughout China and other parts of Asia. According to FAW, the Hybrid City Bus realizes a fuel economy increase of 38%and an emissions reduction of 30%. "We are very pleased that FAW has included usin China's National 863 Plan. We value their support and look forward toprogressing with this partnership," stated Enova Chief Executive Officer, EdwinRiddell. The Hybrid City Bus is a dynamic breakthrough for FAW, in that it incorporates10 patents. The projects inception was a result of China's National 863 plan,which aids and allows China to keep abreast of various rapid developments ofhigh technologies in the world, trace the world advanced level and reducetechnology gaps between China and other countries. For Enova Systems, the HybridCity Bus demonstrates their versatility in a variety of vehicle applications inthe U.S., the United Kingdom, Japan, Italy and other countries. About Enova Systems, Inc. Enova Systems is a leading supplier of efficient, environmentally friendlydigital power components and systems products. The Company's core competenciesare focused on the development and commercialization of power management andconversion systems for mobile and stationary applications. Enova applies unique'enabling technologies' in the areas of alternative energy propulsion systemsfor light and heavy-duty vehicles as well as power conditioning and managementsystems for distributed generation systems. The Company develops, designs andproduces drive systems and related components for electric, hybrid-electric, andfuel cell powered vehicles. For further information, contact Enova Systemsdirectly, or visit its Web site at http://www.enovasystems.com. This news release contains forward-looking statements relating to Enova Systemsand its products that are intended to be covered by the safe harbor forforward-looking statements provided by the Private Securities Litigation ReformAct of 1995. Forward-looking statements are statements that are not historicalfacts. These statements can be identified by the use of forward-lookingterminology such as "believe," "expect," "may," "will," "should,'' "could,""project," "plan,'' "seek," "intend,'' or "anticipate'' or the negative thereofor comparable terminology and statements about industry trends and Enova'sfuture performance, operations and products. These forward-looking statementsare subject to and qualified by certain risks and uncertainties. These and otherrisks and uncertainties are detailed from time to time in Enova Systems'periodic filings with the Securities and Exchange Commission, including but notlimited to Enova's annual report on Form 10-K for the year ended December 31,2004. This forward-looking information should be considered only in connectionwith the aforementioned risk factors. Enova assumes no obligation to update suchforward-looking statements. ENOVA SYSTEMS, Inc.19850 South Magellan DriveTorrance, CA 90502310-527-2800Attn: Mr. Mike Staran, Vice President of Marketing This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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