4th Apr 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 William A. (Bill) Frederiksen has joinedthe company as Chief Engineer. He will be responsible for allengineering activities, and, as a member of the Management Team, willcontribute his considerable experience in several areas of thebusiness. £ "The addition of Bill, will immediately impact our group. His vastexperience and wealth of technical and business related skills willresult in our ability to advance into the production market morequickly," stated Mike Staran, Enova's Executive Vice President. £ Mr. Frederiksen brings 33 years of automotive technical backgroundto Enova. The first half of his career was at General Motors, where hestarted in the material testing laboratories. Subsequently, he rosethrough the vehicle engineering management ranks, and left GM asVehicle Chief Engineer of GM's first front-wheel drive minivan. Thesecond half of his career has been at Magna International, a majorautomotive supplier, where he has held a variety of positions as VicePresident, in sales and marketing, operations, business development,and engineering. Most recently he was responsible for sales andbusiness development in the Asia-Pacific region for Magna's Decomadivision. Mr. Frederiksen has traveled extensively on business inJapan, Korea, and China, as well as in Europe. He holds a Bachelor'sdegree in Engineering from Wayne State University in Detroit. £ Mr. Frederiksen's appointment follows a succession oforganizational moves by Enova to position itself as the industry'spremier Electric and Hybrid Drive supplier. Other recent Managementchanges include the appointment of Mike Staran as Executive VicePresident, and the additions of Mr. Jarett Fenton as Chief FinancialOfficer, Mr. Jon Hembree as Director of Operations, and Mr. TerryMorano as Director of Global Sales and Marketing. The company has alsostrengthened its development activities by dedicating Mr. Don Kang asPresident of the Innovative Technology Center (ITC), Enova's jointventure development group with Hyundai. £ 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 31,2006. Copyright Business Wire 2007Related Shares:
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