21st Jun 2007 05:00
Enova Systems (AMEX:ENA) (AIM:ENV) (AIM:ENVS), an early stageproduction company in an emerging industry and a leading developer ofelectric, hybrid and fuel cell digital power management systems, ispleased to announce that it has entered into a partnership with amajor Asia based OEM to integrate and test its unique proprietary PostTransmission Parallel Hybrid system. The system is targeted forintegration and/or retrofit into North American delivered 2008 modelyear vehicles. £ Enova's Executive Vice President, Mike Staran, said, "We areexcited about the possibility to be the first North American HybridDrive System to be used by an Asia based Medium Truck OEM. Havingalready established relationships with First Auto Works (FAW), Tomoeand Hyundai, we are steadily making significant progress in Asia. We,along with our partner, are taking an aggressive approach tointegrating vehicles with our Electric Drive System. These trucks areused in a wide range of applications including delivery and transportvehicles. We think Enova's Post Transmission Parallel Hybrid System isideal for both the production of new vehicles as well as the retrofitmarket for existing vehicles." £ 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 believes it will be able to developa more convenient and suited system through collaboration with theOEM. £ 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 'enabling technologies'in the areas 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 non-invasive drive systems and related componentsfor electric, hybrid-electric, and fuel cell powered vehicles in boththe "new" and "retrofit" vehicle sales market. For furtherinformation, contact Enova Systems directly, or visit its Web site athttp://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 31,2006. Copyright Business Wire 2007Related Shares:
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