Enova Share Discussion Threads

[debbiegee] 20/6/2007 09:23

env Systems = envs?
They also seem to have the same1st qaurter results indicating they are the same co? dumfounnded but as I said chart and spread on envs was obviously more appealing

[m.t.glass] 20/6/2007 09:22

- as per prior post, dg - American listing is ENA. So I'm still unsure what the S in ENVS is for ;o)

[david77] 20/6/2007 09:21

Those motors take 90 or 120kW out of the battery on max demand. They cannot be 100% efficient so must get pretty hot. That could be a heat source for a cab heater in cold weather.

[debbiegee] 20/6/2007 09:05

I noticed envs had a great set of results but unfortunatelly marred by currency rates so I would assume they deal the US.clients.A good growing British client for them is super news and if they can keep TAN as a client they will be carried with them.Meanwhile an investing friend has told me ENVS is US listed but I only see lse {have not put a lot of effort into looking yet]If however they are the co known by Americans it cant be bad as it would appear that Americans are also aware of TAN.

[m.t.glass] 20/6/2007 08:53

Here is how the two compare - ENV vs ENVS

Can someone bring up a chart for its AMEX (ENA) listing?
EDIT: Ah, hang on - it's in my own header link above!

[m.t.glass] 20/6/2007 08:44

debbiegee - I wonder. When setting up this thread I was prompted to do so by someone trading it at the time - but I cannot recall the reasoning for selecting ENV rather than ENVS, and would welcome some clarification of the distinction between the two. There is, like you say, a significantly narrower spread on ENVS. Though ENV capitalisation (£48m) is several times greater than ENVS (£16m).

The existing ENV thread has drawn only 4 postings in nearly two years - so it doesn't seem there is any greater interest there. I know that when I asked for a quote on ENVS once I was told the stock was unavailable at that time and was asked if I meant ENV.

If people think I should include charts etc for ENVS as well as for ENV, I will do so - but won't if people think that will be confusing.

[debbiegee] 20/6/2007 08:33

can anybody tell me why you trade here and not on lse:envs where the chart is far more appealing and spread minimal?

[m.t.glass] 20/6/2007 08:28

- and barely a flicker in the share price..

[m.t.glass] 20/6/2007 08:27

Enova Confirms Production Order from Tanfield's Smith Electric Vehicles

Delivery of 90 and 120kW systems to Tanfield has begun

TORRANCE, CA June 20, 2007 - Enova Systems, (AMEX: ENA and AIM: ENV and ENVS),
an early stage production company in an emerging industry and a leading
developer of electric, hybrid and fuel cell digital power management systems,
confirmed that it has received and begun delivering a production order for 300
systems from Smith Electric Vehicles, a division of The Tanfield Group Plc
(TAN).

Enova has worked in partnership with Tanfield for almost a year now, developing
high performance electric drive train components for Smith Electric Vehicles'
zero emission electric vans and trucks. Under the production agreement, Enova
will supply 90kW and 120kW electric drive units to Tanfield.

The order is scheduled for delivery throughout the remainder of 2007, as Smith
Electric Vehicles continues to secure orders with major fleet owners in the UK
and Europe and continue to penetrate the growing international market for
commercial electric vehicles.

Mike Staran, Enova's Executive Vice President said:

"Smith Electric Vehicles is one of the world's leading developers and
manufacturers of road-going commercial electric vehicles. Choosing Enova as a
key supplier really emphasises our belief that Enova is a world leader in
electric drive train technology. We look forward to working closely with
Tanfield in this fast-growing market."

Darren Kell, Chief Executive of The Tanfield Group Plc, parent company of Smith
Electric Vehicles, said:

"Enova has worked hard with Tanfield to develop the most efficient drive
components possible for our Smith Electric Vehicles vans and trucks. The Enova
units will be a key drive line component in the first fleets of new-technology
electric vehicles from Smith.

Tanfield's work with Enova is in line with our strategy to develop and
incorporate best-of-breed technology throughout our product portfolio."

Smith Electric Vehicles, based in Tyne & Wear, United Kingdom,(
www.smithelectricvehicles.com) is both the world's oldest electric vehicle
manufacturer and the world's largest producer of road-going commercial electric
vehicles.

Established in 1920, it has been a market leader for more than seven decades.
Smith vehicles are used for a wide range of industrial and commercial
applications including urban delivery, healthcare, airport and municipal
services. It has a worldwide customer base of more than 500 clients, including
major supermarkets and global logistics companies.

A typical Smith Electric vehicle can achieve ranges of over 100 miles between
battery charges and speeds of 50 mph. Because they are zero emission, Smith
Electric Vehicles are exempt from the London Congestion Charge and also qualify
for free parking in parts of central London. They also qualify for other tax
breaks and costly license exemptions.

[m.t.glass] 15/5/2007 11:33

The worrying thing in that report - unless they amend it later - is that in the closing line regarding profitability it says "cannot give any guarantees this will be achieved" rather than "cannot give any guarantees about WHEN this will be achieved" which kind of allows that they might never do so!

[m.t.glass] 15/5/2007 11:30

LONDON (Thomson Financial) - Enova Systems Inc (otcbb: ENVA.OB - news - people ) swung to a first-quarter net loss, and said it sees costs increasing further as its auditors uncovered 'material weakness' in its internal controls.

For the three months to March 31, the AIM-listed company posted a net loss of 1.19 mln usd, against a profit of 145,000 usd last year. Total net revenues, however, increased to 1.54 mln usd from 309,000 usd a year ago.

Enova said it has concluded that as of March 30, 2007 it did not maintain effective controls over the inventory pricing, tracking, and the reserve analysis process, which could result in a misstatement to the cost of sales. Its auditors have therefore determined that these significant deficiencies constituted a 'material weakness' in internal controls.

In addition, the company said during the period under review, operations required 1.87 mln usd more in cash than was generated as it increases spending to meet customer demand.

Enova said its business outlook is improving, but that while it will continue to examine cost reduction possibilities in 2007, it sees selling, general and administrative expenses increasing further in the near future due to expansion and currency effects.

The company added it is focusing on attaining profitability, but cannot give any guarantees this will be achieved

[m.t.glass] 09/5/2007 11:35

Enova..is pleased to announce that it will begin shipping production level parts to the Th!nk Group in June 2007...

Th!nk expects to produce one of the largest fleets of electric vehicles in the world. The new vehicle is expected to be launched in Norway in 2007

[m.t.glass] 03/5/2007 13:27

deleted - sorry. Some quarterly stats came in via a Yahoo alert but were May 2 2006 not 2007

[spekky] 27/4/2007 12:30

Dont know why the share price here is apparently flagging,it should n't be,I am concerned after looking at the interior stills of Torrance factory that they're not looking like the production line outfit (more bespoke) they need to be in order to service Tanfield.

[spekky] 25/4/2007 20:48

AND thats the latest news involving ENV. ?????????

Rubbish PR. or they just have no idea about whats driving Edison?

[spekky] 23/4/2007 16:40

You'd expect ENV to have a bit of a trumpet fanfare then,at least via the website,(since its public domain now) but nothing..........hum.

[m.t.glass] 23/4/2007 16:00

From the Tanfield thread after today's big launch of the Smith Edison Transit van:

"..The Edison electric van utilizes a Ford Transit Body shell, housing Tanfield's electric vehicle technology and an Enova 90 kW electric drive.."

[asparks] 10/4/2007 15:01

wow look at that rise.
shame I sold last week!

[asparks] 03/4/2007 08:46

was up 16% on AMEX yesterday. Lets hope for a similar rise here!

[m.t.glass] 03/4/2007 08:02

Enova Files 2006 10-K, Announces FIRST QUARTER 2007 Purchase Volume, and Introduces a Strategic Global Initiative
TORRANCE, Calif.-(Business Wire)-April 2, 2007 - Enova Systems, (AMEX:ENA)(AIM:ENV)(AIM: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, today released its 2006 Annual Report on Form 10-K, summarizing its financial results for 2006. Enova Systems also announces that during the first quarter of 2007 it has so far received product purchase orders from customers exceeding USD $6,000,000.

Jarett Fenton, Enova Chief Financial Officer stated "The significant influx of orders received at this point is an excellent sign that the market for these products is growing, and that Enova is poised to capitalize."

In 2007, Enova will roll out the first phase of our Global Support Services Initiative. This initiative endeavors to provide a truly global service and support infrastructure to our customers, many of whom operate fleets of vehicles all over the world. In coordination with our channel partners, Enova will utilize our competitive advantages to offer integration, retrofit, supply, support, maintenance, upgrade, and other field services to our customers. Phase I of the Global Support Services Initiative will focus on "in place" customers in specific markets domestically and in Europe and Asia. The second phase envisions the finalization of other channel partner relationships across the world, facilitating our entry into additional markets. The third phase of the rollout seeks to establish Enova as assertively supporting our product, worldwide.

Mike Staran, Enova Executive Vice President, noted, "This is an exciting development for Enova. We believe we are now positioned as a global supplier of drive systems for electric, hybrid and fuel cell applications. We are able to go to a customer or potential customer and, along with offering a reliable and efficient product, we will be able to support that product on a global basis. This is a critical step in supporting Enova as a recognized leader in the industry."

Some recent customer highlights of Enova's accomplishments are:

- International Truck and Engine (IC Corp), perhaps the nation's largest School Bus manufacturer and Enova have supplied the nation's 1st production Hybrid School Buses. IC Corp currently maintains 60% of the North American School Bus market. In addition to School Buses, IC Corp is teaming with Enova to supply hybrid buses to the Commercial Bus Market.

- WrightBus, the largest Low-Floor and Double Deck bus manufacturer in the United Kingdom has taken delivery of our series hybrid diesel genset and integrated them into its medium and large bus applications. Six of these systems are now running seven days a week 18 hours a day in London. Enova continues to work with WrightBus on projects related to Enova's hybrid drive systems.

- Tanfield, the World's largest Electric vehicle Manufacturer, has signed an arrangement with Enova. where Enova will supply electric drive systems for Tanfield's 3.5, 7.5 and 12Ton vehicles.

- First Auto Works, China's largest vehicle manufacturer has indicated that it intends to purchase Enova's pre transmission hybrid system for FAW's bus applications.

- Th!nk and Phoenix Motorcars, Electric Vehicle OEMs, have both utilized Enova as a supplier of primary components/systems for their vehicles.

- Verizon, a Fleet Operator, has recently taken receipt of thirteen (13) service vans incorporating Enova's technology. Verizon is the nation's 2nd largest Fleet Operator with 58,000 vehicles. In addition to Verizon, Enova has begun development work with other large fleet operators in both the service van and pick up and delivery sectors.

About Enova:

Enova Systems ( 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

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. Except for firm purchase orders identified in this Press Release, there are no assurances that any of the referenced customers will purchase product from Enova or in what volumes. 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, 2006.

[m.t.glass] 14/3/2007 10:43

"..They have now teamed with Enova..."

A line within the reports of the revival (yet again) of the TH!NK electric
car in Norway. Full detail of the car on the EV thread (no further reference to Enova in it)

'Th!nk' was already among the badges displayed (above) by Enova

[asparks] 12/3/2007 09:18

nice to see more news and a modest rise

[asparks] 09/3/2007 13:23

same here (got in again recently). I dont understand why price has not risen on AIM but has on AMEX? Any ideas?
OT - AGCERT (Carbon reduction) up 40% today after news of possible T.O

[thamestrader] 09/3/2007 12:43

Yes, asparks, still in here, although not in a huge way.

[asparks] 08/3/2007 09:40

there is some catching up to do here!
It was up 12.3% on amex but did not shift on AIM