29th Aug 2006 07:02
Enova Systems, Inc.29 August 2006 ENOVA SYSTEMS ANNOUNCES THE COMMENCEMENT OF ITS LISTING ON THE AMERICAN STOCKEXCHANGE (AMEX) UNDER THE SYMBOL: ENA TORRANCE, CA, August 29, 2006 - Enova Systems, (AMEX: ENA and AIM: ENV andENVS), 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 its common stock has been approved to be listed andwill be available for trading on the American Stock Exchange (AMEX) today August29, 2006. Edwin O. Riddell, President and CEO of Enova Systems said:" Enova Systems'common stock will begin trading today on the AMEX under the ticker symbol ENA".The Company has selected HBH Specialists LLC as its specialist for AmericanStock Exchange trading and price quotation. Anthony Rawlinson, Chairman of Enova Systems said, "We are extremely pleased tobe listed on The American Stock Exchange. We see our listing on the AMEX asanother milestone to Enova Systems. The AMEX listing will increase the liquidityfor our shareholders and expand opportunities for existing and potentialinvestors. This is an exciting step forward for the Company and our shareholdersas we solidify our position as a leading production supplier in the HybridMarket." 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 unique 'enabling technologies' in the areas of alternative energypropulsion systems for light and heavy-duty vehicles as well as powerconditioning and management systems for distributed generation systems. The Company develops, designs and produces non-invasive drive systems andrelated components for electric, hybrid-electric, and fuel cell powered vehiclesin 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.19850 South Magellan DriveTorrance, CA 90502310-527-2800Contact: Mike Staran, VP of Marketing/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 31,2005. This forward-looking information should be considered only in connectionwith the aforementioned risk factors. Enova assumes no obligation to update suchforward-looking statements. The approval for trading by the American StockExchange is contingent upon the Company maintaining compliance with allapplicable listing standards on the date it begins trading on the Exchange, andmay be rescinded if the Company fails to maintain compliance with suchstandards. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Enova Systems Inc