21st Jun 2007 07:00
Enova Systems, Inc.21 June 2007 Enova to Develop Its Post Transmission Parallel Hybrid System with Asian OEM in Medium Duty Trucks North American Hybrid Supplier to Partner with Asia based Truck OEM TORRANCE, CA, June 21, 2007 - Enova Systems, (AMEX: ENA and AIM: ENV and ENVS),an early stage production company in an emerging industry and a leadingdeveloper of electric, hybrid and fuel cell digital power management systems, ispleased to announce that it has entered into a partnership with a major Asiabased OEM to integrate and test its unique proprietary Post TransmissionParallel Hybrid system. The system is targeted for integration and/or retrofitinto North American delivered 2008 model year Vehicles. Enova's Executive Vice President, Mike Staran said, "We are excited about thepossibility to be the first North American Hybrid Drive System to be used by anAsian based Medium Truck OEM. Having already established relationships withFirst Auto Works (FAW), Tomoe and Hyundai, we are steadily making significantprogress in Asia. We, along with our partner, are taking an aggressive approachto integrating vehicles with our Electric Drive System. These trucks are used ina wide range of applications including delivery and transport vehicles. We thinkEnova's Post Transmission Parallel Hybrid System is ideal for both theproduction of new vehicles as well as the retrofit market for existing vehicles." Enova's Post Transmission System is one in which the Electric Drive System isintegrated behind the Transmission and is designed to be installed as a "dropin," fully integrated turnkey fashion into an OEM production line , orretrofitted in post vehicle production in a modular, "as-needed" basis. Enovabelieves it will be able to develop a more convenient and suited system throughcollaboration with the OEM. About Enova: Enova Systems (http://www.enovasystems.com) is a leading supplier of efficient,environmentally friendly digital power components and systems products. TheCompany's core competencies are focused on the development and commercializationof power management and conversion systems for mobile applications. Enovaapplies 'enabling technologies' in the areas of alternative energy propulsionsystems for light and heavy-duty vehicles as well as power conditioning andmanagement systems for distributed generation systems. The Company develops,designs and produces non-invasive drive systems and related components forelectric, hybrid-electric, and fuel cell powered vehicles in both the "new" and"retrofit" vehicle sales market. For further information, contact Enova Systemsdirectly, or visit its Web site at http://www.enovasystems.com. ENOVA SYSTEMS, Inc. 19850 South Magellan Drive Torrance, CA 90502 310-527-2800 Contact: Mike Staran, Executive Vice President/Investor Relations Additional Information: This news release contains forward-looking statements relating to Enova Systemsand its products that are intended to be covered by the safe harbor forforward-looking statements provided by the Private Securities Litigation ReformAct of 1995. Forward-looking statements are statements that are not historicalfacts. These statements can be identified by the use of forward-lookingterminology such as "believe," "expect," "may," "will," "should," "could,""project," "plan," "seek," "intend,'' or "anticipate'' or the negative thereofor comparable terminology and statements about industry trends and Enova'sfuture performance, operations and products. These forward-looking statementsare subject 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 31,2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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