29th Jul 2008 07:00
Enova Systems Announces Delivery of Hybrid Bus to
Denali National Park
Further Indication of Commercial Hybrid Bus Market Penetration
TORRANCE, CA, July 29, 2008 - Enova Systems, (AMEX: ENA and AIM: ENV and ENVS), a production company in an emerging industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems, announces the delivery of a plug-in hybrid bus to Denali National Park for use in transporting visitors in this pristine ecological environment. The IC Bus includes Enova's unique post-transmission parallel hybrid drive technology. Enova is the exclusive supplier of hybrid electric drive systems to IC Bus, an affiliated division of Navistar.
The hybrid bus will be operated by Aramark, the transportation provider to Denali National Park and other national parks throughout the U.S. Aramark, a $10.6 billion company based in Philadelphia, PA., operates more than one hundred (100) transit buses at Denali, and has announced its intention to apply hybrid drive technology in a large portion of this fleet.
James Badalamenti, Enova's Director of Worldwide Sales and Marketing, noted that, "We are pleased that Enova's unique hybrid drive system is being recognized as a leading hybrid technology in both the School and Commercial bus markets. The utilization of our product in environments such as National Parks further demonstrates the diverse opportunities for our drive system. I look forward to further market adoption in all bus markets with our partner, IC Bus"
Delivery of the hybrid IC commercial bus to Denali is part of the continued worldwide sales growth of Enova's drive system technology for commercial and transit buses. Enova's series hybrid drive technology is now powering ten FAW transit buses carrying visitors in Beijing during the 2008 Olympic games. Enova has also provided hybrid drive systems for school, commercial and public transit buses in England, Italy, Korea, Malaysia, Mexico, Canada and throughout the U.S.
The Enova post-transmission hybrid drive technology couples a diesel engine with an 80-kilowatt power-train that incorporates a control unit, batteries and an electric motor. Standard diesel commercial and school buses emit harmful carbon dioxide, nitrogen oxide and particulates. Hybrid IC Buses are cleaner than standard diesel buses because they reduce carbon dioxide emissions by as much as 40 percent, nitrogen oxide by up to 20 percent and particulate matter by as much as 30 percent, according to results from recent independent third-party dynamometer testing.
With diesel fuel prices exceeding $5 per gallon in Alaska and other parts of North America, the Enova hybrid drive solution can return significant savings over the operating life of a bus or commercial truck. In recent third-party dynamometer testing, the hybrid IC bus with the Enova drive system demonstrated that it can reduce fuel consumption by up to 70 percent.
About Enova:
Enova Systems (http://www.enovasystems.com) is a leading supplier of efficient, environmentally friendly digital power components and systems products. The Company's core competencies are focused on the development and commercialization of power management and conversion systems for mobile applications. Enova applies unique 'enabling technologies' in the areas of alternative energy propulsion systems for light and heavy-duty vehicles as well as power conditioning and management systems for distributed generation systems. The Company develops, designs and produces non-invasive drive systems and related components for electric, hybrid-electric, and fuel cell powered vehicles in both the "new" and "retrofit" vehicle sales market. For further information, contact Enova Systems directly, or visit its Web site at http://www.enovasystems.com.
ENOVA SYSTEMS, Inc.
1560 West 190th Street
Torrance, CA. 90501
T. +1-310-527-2800
Contact: Jarett Fenton, CFO/Investor Relations
T. 07956-206270
Amira Bardichev, UK Investor Relations
Investec as Nominated Advisor to the Company
T. 020 7597 5970
Michael Ansell / Paul Brett
Additional Information:
This news release contains forward-looking statements relating to Enova Systems and its products that are intended to be covered by the safe harbour for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified 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 or comparable terminology and statements about industry trends and Enova's future performance, operations and products. These forward-looking statements are subject to and qualified by certain risks and uncertainties. These and other risks and uncertainties are detailed from time to time in Enova Systems' periodic filings with the Securities and Exchange Commission, including but not limited to Enova's annual report on Form 10-K for the year ended December 31, 2007.
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