20th Jun 2007 07:02
Enova Systems, Inc.20 June 2007 Enova Confirms Production Order from Tanfield's Smith Electric Vehicles Delivery of 90 and 120kW systems to Tanfield has begun TORRANCE, CA June 20, 2007 - Enova Systems, (AMEX: ENA and AIM: ENV and ENVS),an early stage production company in an emerging industry and a leadingdeveloper of electric, hybrid and fuel cell digital power management systems,confirmed that it has received and begun delivering a production order for 300systems from Smith Electric Vehicles, a division of The Tanfield Group Plc(TAN). Enova has worked in partnership with Tanfield for almost a year now, developinghigh performance electric drive train components for Smith Electric Vehicles'zero emission electric vans and trucks. Under the production agreement, Enovawill supply 90kW and 120kW electric drive units to Tanfield. The order is scheduled for delivery throughout the remainder of 2007, as SmithElectric Vehicles continues to secure orders with major fleet owners in the UKand Europe and continue to penetrate the growing international market forcommercial electric vehicles. Mike Staran, Enova's Executive Vice President said: "Smith Electric Vehicles is one of the world's leading developers andmanufacturers of road-going commercial electric vehicles. Choosing Enova as akey supplier really emphasises our belief that Enova is a world leader inelectric drive train technology. We look forward to working closely withTanfield in this fast-growing market." Darren Kell, Chief Executive of The Tanfield Group Plc, parent company of SmithElectric Vehicles, said: "Enova has worked hard with Tanfield to develop the most efficient drivecomponents possible for our Smith Electric Vehicles vans and trucks. The Enovaunits will be a key drive line component in the first fleets of new-technologyelectric vehicles from Smith. Tanfield's work with Enova is in line with our strategy to develop andincorporate best-of-breed technology throughout our product portfolio." Smith Electric Vehicles, based in Tyne & Wear, United Kingdom,(http://www.smithelectricvehicles.com) is both the world's oldest electric vehiclemanufacturer and the world's largest producer of road-going commercial electricvehicles. Established in 1920, it has been a market leader for more than seven decades.Smith vehicles are used for a wide range of industrial and commercialapplications including urban delivery, healthcare, airport and municipalservices. It has a worldwide customer base of more than 500 clients, includingmajor supermarkets and global logistics companies. A typical Smith Electric vehicle can achieve ranges of over 100 miles betweenbattery charges and speeds of 50 mph. Because they are zero emission, SmithElectric Vehicles are exempt from the London Congestion Charge and also qualifyfor free parking in parts of central London. They also qualify for other taxbreaks and costly license exemptions. About Enova: Enova Systems (http://www.enovasystems.com) is a leading supplier of efficient,environmentally friendly digital power components and systems products. TheCompany's core competencies are focused on the development and commercializationof power management and conversion systems for mobile applications. Enovaapplies 'enabling technologies' in the areas of alternative energy propulsionsystems for light and heavy-duty vehicles as well as power conditioning andmanagement systems for distributed generation systems. The Company develops,designs and produces non-invasive drive systems and related components forelectric, hybrid-electric, and fuel cell powered vehicles in both the "new" and"retrofit" vehicle sales market. For further information, contact Enova Systemsdirectly, or visit its Web site at http://www.enovasystems.com. ENOVA SYSTEMS, Inc.19850 South Magellan DriveTorrance, CA 90502310-527-2800Contact: Mike Staran, Executive Vice President/Investor Relations Additional Information: 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 31,2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Enova Systems IncTanfield