7th Mar 2007 07:00
Enova Systems, Inc.07 March 2007 Enova Delivers Hybrid Vans to Verizon, North America's 2nd Largest FleetOperator TORRANCE, CA, March 7, 2007 - Enova Systems, (AMEX: ENA and AIM: ENV and ENVS),an early stage production company in an emerging industry and a leadingdeveloper of proprietary electric, hybrid and fuel cell digital power managementsystems, announced today it has designed, integrated and delivered thirteen (13)GMC 2500 service vans with Enova's unique Post-Transmission Parallel HybridDrive System to Verizon. Verizon owns the 2nd largest vehicle fleet in NorthAmerica, estimated at 58,000 vehicles, behind only UPS in total fleet vehiclesin service. Enova fully designed and integrated its Post-Transmission 120 kWHybrid Drive system into the vehicles for use in Verizon's fleet. Verizonformally announced the project from its Hyattsville, Maryland work center onMarch 6, 2007. "To work with the nation's 2nd largest fleet owner is a significant step for ourcompany and the entire hybrid electric drive system industry. We are pleasedthat Verizon has acknowledged us as a leader in the hybrid technology market.Our Post Transmission Technology offers Verizon both future production andretrofit capability and we are excited to begin a long term and successfulalliance with them" stated Mike Staran, Enova's Executive Vice President. Enova's Post Transmission System is one in which the Electric Drive System isintegrated behind the Transmission and is designed to be installed as a "dropin," fully integrated turnkey fashion into an OEM production line , orretrofitted in post vehicle production in a modular, "as-needed" basis. Enova'sPost Transmission System has proven to be a non-invasive system that hasrequired little to no modifications to chassis, body, Instrument Panel, etc. Inaddition, the system does not intrude on, or require any alteration to thecalibration of Engine Control/Communication system, thus avoiding any emissionscertification issues. Enova's system monitors, but does not impact anything thatexists within the existing engine. The Charge Sustaining System utilizesrelatively small batteries which are maintained within specified range of Stateof Charge (SOC) over the entire drive cycle. Battery charge is maintained by theon-board equipment and is not normally recharged from the grid except as neededfor cell balancing. Depending on the route, fuel economy, in miles per gallon(mpg) improvement, is from 30% to 55% or better for the Post Transmission ChargeSustaining System. Emission improvements vary with the pollutant being measuredand has shown up to a 90% improvement at times on Particulate Matter based onload and operating condition dependent. Enova's unique Post Transmission System offers customers a non-invasive solutionto enter the Hybrid Vehicle Market in either the retrofit or new vehiclesegment. The Post Transmission System is comprised of a proprietary AC inductionelectric motor, controller and energy management system, and is designed andengineered as a total production ready solution. 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 for forward-looking statements provided by the Private Securities Litigation Reform Act of1995. Forward-looking statements are statements that are not historical facts.These statements can be identified by the use of forward-looking terminologysuch as "believe," "expect," "may," "will," "should, "could," "project,""plan,'' "seek," "intend,'' or "anticipate'' or the negative thereof orcomparable terminology and statements about industry trends and Enova's futureperformance, operations and products. These forward-looking statements aresubject 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 31,2005. 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 90502310-527-2800Contact: Mike Staran, Executive Vice President/Investor Relations This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Enova Systems Inc