5th Nov 2008 07:00
Optare plc Selects Enova Systems for Hybrid and Electric Drive Solutions for Buses in the UK Market
Torrance, CA: 4 November, 2008- Enova Systems, (NYSE Alternext: ENA and AIM: ENV and ENVS), an early stage production company in an emerging industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems, is pleased to announce that it has shipped new orders for hybrid diesel-electric and full-electric transit bus drive systems to Optare plc, the UK's second largest manufacturer of buses with a range of innovative single and double deckers.
"Optare is one of the most respected names in the UK bus and coach industry", says Mike Staran, Enova's President and CEO. "We are very excited to be playing a key role in the launch of two new Optare buses with cutting-edge designs and drive systems. The relationship with Optare aligns Enova Systems with a well established leader in the British bus market with a reputation for product innovation and quality. The combination of Optare's award-winning bus designs and Enova's advanced hybrid and zero-emission drive system solutions truly creates vehicles with a world-class styling, performance, and fuel efficiency."
The plug-in hybrid diesel-electric and full-electric vehicles will use the latest lithium ion battery technology to provide maximum vehicle range and fuel efficiency. Enova's electric and hybrid drive system solutions include fullyintegrated on-board or stationary battery charging systems. The Enova drive systems and chargers will be featured in two new Optare transit buses which will debut at the Euro Bus Expo taking place in Birmingham, UK on November 4 through 6, 2008.
Mark Houlton, Optare PLC's Product Development Director, stated that: "We believe Enova's hybrid and electric drive technologies and vehicle integration expertise provide an excellent platform on which to develop these two next generation low emission, alternative energy vehicles. The performance of Enova's drive systems combined with Optare's state-of-the-art light weight design, award winning styling and proven operational efficiency will provide our customers and passengers with low emission, fuel efficient vehicles that excel in comfort, technology, and value."
Enova Systems is committed to offering Optare and other leading truck and busmanufacturers hybrid electric, plug-in hybrid electric, and full electric drive systems that fit a range of vehicle platforms. Mark Houlton said that "Enova offers more system options including integrated battery chargers and DC/DC converters. This flexibility allows Optare to create hybrid electric and full electric buses from a common architecture so we can focus on our product's performance, features, and fuel efficiency."
About Enova:
Enova Systems (http://www.enovasystems.com) is a leading supplier of efficient, environmentally friendly digital power components and systems products. The Company's core competencies are focused on the development and commercialization of power management and conversion systems for mobile applications. Enova applies unique 'enabling technologies' in the areas of alternative energy propulsion systems for light and heavy-duty vehicles as well as power conditioning and management systems for distributed generation systems. The Company develops, designs and produces non-invasive drive systems and related components for electric, hybrid-electric, and fuel cell powered vehicles in 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.
1560 West 190th Street
Torrance, CA 90501
310-527-2800
Contact: Jarett Fenton CFO/Investor Relations
Additional Information:
This news release contains forward-looking statements relating to Enova Systems and its products that are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified 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 or comparable terminology and statements about industry trends and Enova's future performance, operations and products. These forward-looking statements are subject to and qualified by certain risks and uncertainties. These and other risks and uncertainties are detailed from time to time in Enova Systems' periodic filings with the Securities and Exchange Commission, including but not limited to Enova's annual report on Form 10-K for the year ended December 31, 2007.
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