7th Mar 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 it has designed, integrated and deliveredthirteen (13) GMC 2500 service vans with Enova's uniquePost-Transmission Parallel Hybrid Drive System to Verizon. Verizonowns the 2nd largest vehicle fleet in North America, estimated at58,000 vehicles, behind only UPS in total fleet vehicles in service.Enova fully designed and integrated its Post-Transmission 120 kWHybrid Drive system into the vehicles for use in Verizon's fleet.Verizon formally announced the project from its Hyattsville, Maryland,work center on March 6, 2007. £ "To work with the nation's 2nd largest fleet owner is asignificant step for our company and the entire hybrid electric drivesystem industry. We are pleased that Verizon has acknowledged us as aleader in the hybrid technology market. Our Post-TransmissionTechnology offers Verizon both future production and retrofitcapability and we are excited to begin a long-term and successfulalliance with them," stated Mike Staran, Enova's Executive VicePresident. £ Enova's Post-Transmission System is one in which the ElectricDrive System is integrated behind the Transmission and is designed tobe installed as a "drop in," fully integrated turnkey fashion into anOEM production line, or retrofitted in post vehicle production in amodular, "as-needed" basis. Enova's Post-Transmission System hasproven to be a non-invasive system that has required little to nomodifications to chassis, body, Instrument Panel, etc. In addition,the system does not intrude on, or require any alteration to, thecalibration of Engine Control/Communication systems, thus avoiding anyemissions certification issues. Enova's system monitors but does notimpact anything that exists within the existing engine. The ChargeSustaining System utilizes relatively small batteries which aremaintained within specified range of State of Charge (SOC) over theentire drive cycle. Battery charge is maintained by the on-boardequipment and is not normally recharged from the grid except as neededfor cell balancing. Depending on the route, fuel economy, in miles pergallon (mpg) improvement, is from 30% to 55% or better for thePost-Transmission Charge Sustaining System. Emission improvements varywith the pollutant being measured and has shown up to a 90%improvement at times on Particulate Matter based on load and operatingcondition dependent. £ Enova's unique Post-Transmission System offers customers anon-invasive solution to enter the Hybrid Vehicle Market in either theretrofit or new vehicle segment. The Post-Transmission System iscomprised of a proprietary AC induction electric motor, controller andenergy management system, and is designed and engineered as a totalproduction ready solution. £ About Enova Systems, Inc. £ Enova Systems is a leading supplier of efficient, environmentallyfriendly digital power components and systems products. The Company'score competencies are focused on the development and commercializationof power management and conversion systems for mobile and stationaryapplications. Enova applies unique "enabling technologies" in theareas 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 drive systems and related components forelectric, hybrid-electric and fuel cell powered vehicles. For furtherinformation, contact Enova Systems directly, or visit its Web site athttp://www.enovasystems.com. £ 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. This forward-looking information should be considered only inconnection with the aforementioned risk factors. Enova assumes noobligation to update such forward-looking statements. Copyright Business Wire 2007Related Shares:
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