5th Feb 2007 07:00
Enova Systems, (AMEX:ENA) (AIM:ENV) (AIM:ENVS), an early stageproduction company in an emerging industry and a leading developer ofproprietary electric, hybrid and fuel cell digital power managementsystems, announced today that Mr. Jarett Fenton has been appointed tothe position of Chief Financial Officer. Mr. Fenton joins Enova fromThe Clarity Group, a professional corporation providing financialreporting and compliance consulting for SEC registrants. Mr. Fentonbrings 10 years of experience in finance and accounting. His prioraffiliations and work history include PricewaterhouseCoopers, MazdaNorth American Operations, Edison Mission Energy, CountrywideFinancial Corporation and PC Mall Inc. Mr. Fenton has been working asan outside consultant for Enova for the past year and has a strongknowledge of Enova's business. Mr. Fenton has a Bachelor of Arts inBusiness Economics with an emphasis in Accounting from the Universityof California at Santa Barbara, and is a Certified Public Accountant. £ Enova President and CEO, Edwin Riddell, said, "Jarett will beresponsible for the further refinement of Enova's finance function.His addition will be instrumental in enhancing our growth and exposurewithin the investment community." £ Mr. Fenton replaces Ms. Corinne Bertrand, who has resigned fromher position as CFO. Enova President and CEO, Edwin Riddell, said, "Wethank Mrs. Bertrand for her faithful commitment to Enova." £ Additionally, the company is pleased to announce that Mr. JonHembree has joined the senior management team. As part of Enova's bidto strengthen their organization, Mr. Jon Hembree has been appointedDirector of the Operational Activities for Enova Systems. Mr Hembreejoins Enova from International Truck and Engine, where he spent 14years, most recently as Program Manager of Hybrid Vehicle Research andDevelopment where he conceptualized, managed and executedInternational Truck and Engine's hybrid R&D vehicle deployments. Mr.Hembree replaces Mr. John Dexter, who has retired from the company. £ "We are pleased that Jon has joined our team. His experience inthe OEM arena will help us in entering the Production Hybrid Marketsegment. Additionally, Jon's vast knowledge of hybrid systems issignificant to our growth as a premier hybrid supplier," stated MikeStaran, Enova's new Executive Vice President. £ Mr. Hembree brings over 20 years of experience in product design,testing and development. He also has significant knowledge in productprocess conceptualization, process quality planning, validation,start-up and ongoing operations management, as well as supply chaindevelopment and maturation. His prior affiliations and work historyrange from organizations such as the US Department of Energy, the USEPA, Ford Motor Company, ITT Aerospace, and Ford Aerospace tosuppliers such as Eaton, Parker, TRW, Southwest Research, NationalRenewable Energy Lab and the National Energy Technology Lab. Mr.Hembree holds a Bachelor of Science degree in Automated ManufacturingEngineering and an Associate of Science in Tool and Die DesignEngineering. £ In another move to strengthen Enova Systems' position in themarketplace and enhance communications on financial matters, we haveengaged, as of January 31, 2007, PMB + Helin Donovan consultants andcertified public accountants to replace Windes & McClaughryAccountancy Corporation as the Company's auditor firm. £ Enova President and CEO, Edwin Riddell, said, "2007 is shaping upto be a pivotal year for Enova. We look towards the future withanticipation and excitement." £ About Enova: £ Enova Systems (http://www.enovasystems.com) is a leading supplierof efficient, environmentally friendly digital power components andsystems products. The Company's core competencies are focused on thedevelopment and commercialization of power management and conversionsystems for mobile applications. Enova applies unique 'enablingtechnologies' in the areas of alternative energy propulsion systemsfor light and heavy-duty vehicles as well as power conditioning andmanagement systems for distributed generation systems. The Companydevelops, designs and produces non-invasive drive systems and relatedcomponents for electric, hybrid-electric, and fuel cell poweredvehicles in both the "new" and "retrofit" vehicle sales market. Forfurther information, contact Enova Systems directly, or visit its Website at http://www.enovasystems.com. £ Additional Information: £ This news release contains forward-looking statements relating toEnova Systems and its products that are intended to be covered by thesafe harbor for forward-looking statements provided by the PrivateSecurities Litigation Reform Act of 1995. Forward-looking statementsare statements that are not historical facts. These statements can beidentified by the use of forward-looking terminology such as"believe," "expect," "may," "will," "should," "could," "project,""plan," "seek," "intend," or "anticipate" or the negative thereof orcomparable terminology and statements about industry trends andEnova's future performance, operations and products. Theseforward-looking statements are subject to and qualified by certainrisks and uncertainties. These and other risks and uncertainties aredetailed from time to time in Enova Systems' periodic filings with theSecurities and Exchange Commission, including but not limited toEnova's annual report on Form 10-K for the year ended December 31,2005. Copyright Business Wire 2007Related Shares:
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