NYSE Amex Exchange Compliance Notice (8136B)

TIDMENV TIDMENVS

RNS Number : 8136B

Enova Systems, Inc.

23 April 2012

ENOVA SYSTEMS, INC

("Enova" or "the Company")

Enova Systems Receives NYSE Amex Exchange Compliance Notice

Enova Systems Inc. (NYSE AMEX: ENA and AIM: ENV and ENVS), (the "Company") announces that, on April 17, 2012, it received notice from the NYSE Amex LLC (the "Exchange") indicating that the Company is not in compliance with one of the Exchange's continued listing standards as set forth in Part 10 of the Exchange's Company Guide (the "Company Guide"), and the Company has therefore become subject to the procedures and requirements of Section 1009 of the Company Guide. Specifically, the Company is not in compliance with Section 1003(a) (iii) with stockholders' equity of less than $6,000,000 and losses from continuing operations and/or net losses in five consecutive fiscal years.

As is the Exchange's policy, Enova has been afforded the opportunity to submit a plan of compliance to the Exchange by May 17, 2012 addressing how the Company intends to regain compliance with the continued listing standards of the Company Guide within a maximum of 18 months (the "Plan Period"). The Company is taking steps to prepare and submit such a plan to the Exchange on or before May 17, 2012. If the plan is accepted but the Company is not in compliance with the continued listing standards of the Company Guide by October 15, 2013 or if the Company is not making progress consistent with the plan during the Plan Period, the Company would become subject to delisting procedures in accordance with Section 1010 and Part 12 of the Company Guide.

The Admission to trading on AIM of the Company's securities remains unaffected by this notice.

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 Tel: [phone] Contact: John Micek, 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, 2011.

For further information please contact:

Enova Systems, Inc.

Mike Staran, President & Chief Executive Officer

John Micek, Chief Financial Officer

Tel: + 1 310 527 2800

Daniel Stewart & Company plc

(Nominated Adviser & Broker)

Paul Shackleton/Jamie Barklem

Tel: + 44 (0) 207 776 6550

This information is provided by RNS

The company news service from the London Stock Exchange

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