15th Jan 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 that Mike Staran has been promoted toExecutive Vice President of the company. Mike consulted for Enova fromNovember 2004 through February 2005, when he was hired as Director ofSales and Marketing. In September 2005, Mike was promoted to VicePresident of Sales and Marketing. £ In his new role, Mike will be responsible for Sales and Marketing,Operations, Engineering and Investor Relations. A significant emphasiswill be made to strengthen Enova's resources with capable, highlyeffective personnel in order to meet the requirements of theirexisting and potential customer base. £ Mr. Staran brings over 24 years of experience in businessdevelopment, product management, sales and marketing, and engineering.Mr. Staran was recently working in the automotive industry as thepresident of Effective Solutions People LLC, providing specializedconsulting to the OEM supplier segment. His prior affiliations andwork history range from companies such as Ford, General Motors andDaimlerChrysler to suppliers such as Johnson Controls Inc. and DecomaInternational, where he was vice president of sales and marketing for13 years. At Decoma, a division of Magna International, Mike aided inan overall incremental sales growth of 85% from Cdn$850 million toover Cdn$1.6 billion. Mr. Staran holds a Bachelor of Science degree inMechanical Engineering with a minor in Mathematics from LawrenceTechnological University in Southfield, Michigan. £ "Mike has made a significant impact on our company since he joinedus in a Sales and Marketing role. I look forward to him creatingfurther synergies between sales, engineering and operations as wecontinue to move into the production segment of our market," stated EdRiddell, Enova's President and CEO. £ 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 unique "enablingtechnologies" in the areas of alternative energy propulsion systemsfor light and heavy-duty vehicles as well as power conditioning andmanagement systems for distributed generation systems. The Companydevelops, designs and produces non-invasive drive systems and relatedcomponents for electric, hybrid-electric, and fuel cell poweredvehicles in both the "new" and "retrofit" vehicle sales market. Forfurther information, contact Enova Systems directly, or visit its Website at http://www.enovasystems.com. £ 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 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. Copyright Business Wire 2007Related Shares:
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