13th Nov 2006 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, is pleased to announce that it has entered into a projectwith Smith Electric Vehicles, a division of The Tanfield Group Plc(TAN). £ Enova is supplying its 120kw Electric Drive System to power Smithvehicles on a trial basis. The first operational Smith vehicle fittedwith Enova's system is expected to be complete in December 2006. Smithis expected to complete final evaluation of Enova's system by early2007. £ "Smith Electric Vehicles is an ideal partner for Enova. Theirexpertise in zero emission vehicle production, in conjunction with ourElectric Drive System technology will certainly create a largeworldwide market," stated Mike Staran, Enova's Vice President of Salesand Marketing. £ Smith Electric Vehicles, based in Tyne & Wear, United Kingdom, isboth the world's oldest electric vehicle manufacturer and the world'slargest producer of road-going commercial electric vehicles. £ Established in 1920, it has been a market leader for more thanseven decades. Smith vehicles are used for a wide range of industrialand commercial applications including urban delivery, healthcare,airport and municipal services. It has a worldwide customer base ofmore than 500 clients, including major supermarkets and globallogistics companies. £ Darren Kell, Chief Executive Officer of The Tanfield Group Plc,parent company of Smith Electric Vehicles, said: "We are delighted tobe working with Enova to develop an improved drive train for our Smithvehicles. This partnership consolidates our position as the marketleader for road-going commercial electric vehicles." £ "Developing relationships with innovative companies like Enovaensures that Smith electric vehicles continue to contain best-of-breedtechnology and have the highest possible performance capabilities.Should this trial be successful, we have no doubt our partnership withEnova will provide a significant global opportunity for volume salesacross our Smith range," added Mr. Kell. £ A typical Smith Electric vehicle can achieve ranges of over 100miles between battery charges and speeds of 50 mph. £ Because they are zero emission, Smith Electric Vehicles are exemptfrom the London Congestion Charge and also qualify for free parking inparts of central London. They also qualify for other tax breaks andcostly license exemptions. £ About Enova Systems, Inc. £ Enova Systems is a leading supplier of efficient, environmentallyfriendly digital power components and systems products. The Company'score competencies are focused on the development and commercializationof power management and conversion systems for mobile and stationaryapplications. Enova applies unique 'enabling technologies' in theareas 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 drive systems and related components forelectric, hybrid-electric, and fuel cell powered vehicles. For furtherinformation, contact Enova Systems directly, or visit its Web site athttp://www.enovasystems.com. £ 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 thereofor comparable 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. This forward-looking information should be considered only inconnection with the aforementioned risk factors. Enova assumes noobligation to update such forward-looking statements. Copyright Business Wire 2006Related Shares:
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