22nd Feb 2007 07:02
Enova Systems, Inc.22 February 2007 Enova invited to participate in WAL*MART Expo and The Work Truck Show TORRANCE, CA, February 22, 2007 - Enova Systems, (AMEX: ENA and AIM: ENV andENVS), an early stage production company in an emerging industry and a leadingdeveloper of proprietary electric, hybrid and fuel cell digital power managementsystems, is pleased to announce that it has been invited to participate in WAL*MART's 2007 Supplier Expo and the 2007 Work Truck Show during the months ofFebruary and March, 2007. Enova will be displaying their products at WAL*MART's "Logistics 2007 YearBeginning Meeting Supplier Expo" in Nashville Tennessee from February 28 toMarch 6, 2007. This exposition is focused on WAL*MART's strategic initiativesand allows WAL*MART's supply base an opportunity to showcase their products. Anexpected 6,500 WAL*MART employees will attend the annual event. WAL*MART has oneof the largest truck fleets in the world with approximately 7,000 vehicles and8,000 drivers. Walmart has aggressive environmental initiatives in both fueleconomy improvement and emissions reductions. Enova will also participate in the Work Truck Show, taking place in Indianapolisfrom March 7-9, 2007. The Work Truck Show, held in conjunction with the 43rdAnnual National Truck Equipment Association (NTEA) Convention is the largestwork truck event in North America. Thousands of commercial truck, trailer andequipment distributors, fleet managers, buyers and maintenance personnel meet atthe Indiana Convention Center & RCA Dome in Indianapolis, IN, March 7-9(Convention runs March 6-9). Attendees will be able to check out the newestproducts and technology from 450 exhibiting companies, learn how to improvetheir operations at nearly 40 training sessions and network with suppliers andpeers. New this year, a Hybrid Truck & Alternative Fuels Summit kicks off the Worktruck Show's educational activities on Tuesday, March 6, from 10:00AM-4:30PM.The Summit includes several information and training sessions covering a varietyof alternative fuel and hybrid vehicle technology topics. The Work Truck Show2007 includes a number of other new hybrid and alternative fuel technologyfeatures such as a Ride-and-Drive and the special "Stepping into the FuturePavilion" highlighting commercially viable hybrid and alternative fueltechnology. Depending on the route, Enova's hybrid systems have shown fuel economy miles pergallon (mpg) improvement is from 30% to 55% or better for a Charge SustainingSystem, and 70-100% or better for a Charge Depleting Systems. Emissionimprovements vary with the pollutant being measured and has shown up to a 90%improvement at times on Particulate Matter based on load and operating conditiondependent. Enova's Executive Vice President, Mike Staran, said "We look forward toparticipating in both the WAL*MART expo as well as the Work Truck Show. Webelieve our hybrid systems are an excellent compliment to our customer'sexisting and future vehicle lines. The systems that we provide offer ourcustomers significant opportunity in both the new and retrofit markets." 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:
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