20th Jun 2007 05:00
Enova Systems (AMEX:ENA)(AIM:ENV)(AIM:ENVS), an early stageproduction company in an emerging industry and a leading developer ofelectric, hybrid and fuel cell digital power management systems,confirmed that it has received and begun delivering a production orderfor 300 systems from Smith Electric Vehicles, a division of TheTanfield Group Plc (TAN). £ Enova has worked in partnership with Tanfield for almost a yearnow, developing high performance electric drive train components forSmith Electric Vehicles' zero emission electric vans and trucks. Underthe production agreement, Enova will supply 90kW and 120kW electricdrive units to Tanfield. £ The order is scheduled for delivery throughout the remainder of2007, as Smith Electric Vehicles continues to secure orders with majorfleet owners in the UK and Europe and continue to penetrate thegrowing international market for commercial electric vehicles. £ Mike Staran, Enova's Executive Vice President said: £ "Smith Electric Vehicles is one of the world's leading developersand manufacturers of road-going commercial electric vehicles. ChoosingEnova as a key supplier really emphasises our belief that Enova is aworld leader in electric drive train technology. We look forward toworking closely with Tanfield in this fast-growing market." £ Darren Kell, Chief Executive of The Tanfield Group Plc, parentcompany of Smith Electric Vehicles, said: £ "Enova has worked hard with Tanfield to develop the most efficientdrive components possible for our Smith Electric Vehicles vans andtrucks. The Enova units will be a key drive line component in thefirst fleets of new-technology electric vehicles from Smith. £ "Tanfield's work with Enova is in line with our strategy todevelop and incorporate best-of-breed technology throughout ourproduct portfolio." £ Smith Electric Vehicles, based in Tyne & Wear, UnitedKingdom,(http://www.smithelectricvehicles.com) is both the world'soldest electric vehicle manufacturer and the world's largest producerof road-going commercial electric vehicles. £ Established in 1920, it has been a market leader for more thanseven decades. Smith vehicles are used for a wide range of industrialand commercial applications including urban delivery, healthcare,airport and municipal services. It has a worldwide customer base ofmore than 500 clients, including major supermarkets and globallogistics companies. £ A typical Smith Electric vehicle can achieve ranges of over 100miles between battery charges and speeds of 50 mph. Because they arezero emission, Smith Electric Vehicles are exempt from the LondonCongestion Charge and also qualify for free parking in parts ofcentral London. They also qualify for other tax breaks and costlylicense exemptions. £ 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 'enabling technologies'in the areas of alternative energy propulsion systems for light andheavy-duty vehicles as well as power conditioning and managementsystems for distributed generation systems. The Company develops,designs and produces non-invasive drive systems and related componentsfor electric, hybrid-electric, and fuel cell powered vehicles in boththe "new" and "retrofit" vehicle sales market. For furtherinformation, contact Enova Systems directly, or visit its Web site athttp://www.enovasystems.com. \* TENOVA SYSTEMS, Inc.19850 South Magellan DriveTorrance, CA 90502310-527-2800Contact: Mike Staran, Executive Vice President/Investor Relations\* T £ 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 thereofor comparable 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 31,2006. Copyright Business Wire 2007Related Shares:
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