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ENA Enova Systems Inc.

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Share Name Share Symbol Market Type
Enova Systems Inc. AMEX:ENA AMEX Ordinary Share
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  0.00 0.00% 0.00 -

Enova Congratulates FCCC's Unveiling of Production Ready EV at HTUF Conference

29/09/2010 2:00pm

Business Wire


Enova Systems Inc. (AMEX:ENA)
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Enova Systems, Inc. (NYSE AMEX: ENA) (AIM: ENV) (AIM: ENVS), a leading innovator of proprietary hybrid and electric drive systems propelling the alternative energy industry, is pleased to congratulate OEM partner, Freightliner Custom Chassis Corporation (FCCC), on the unveiling of their Enova-powered all-electric walk-in van (WIV) at today’s 2010 Hybrid Truck Users Forum (HTUF).

Enova-powered EV-MT from FCCC and Morgan Olson (Photo: Business Wire)

FCCC, displaying a unique new aerodynamic body from Morgan Olson, impressed the conference audience with the vehicle. Further to the introduction, FCCC cites an industry-leading 3-4 year payback. FCCC makes 80% of all chassis in this attractive segment that is occupied by the likes of UPS, Federal Express, and other major national fleet operators.

The MT-EV all-electric chassis utilizes Enova Systems’ 120kW all-electric drive system technology. Powered by Tesla Motors’ lithium-ion batteries, the chassis is 100 percent electric, including its HVAC system, making it the only fully featured WIV chassis in the industry to be completely electrically powered. FCCC is the first company within the industry to utilize Tesla batteries for commercial applications.

"FCCC is clearly in a position to guide this segment to EV technology. We look forward to partnering with them as they rapidly move to production,” said Enova CEO and President Mike Staran.

Freightliner Custom Chassis Corporation manufactures premium chassis for the motorhome, delivery walk-in van, and school bus and shuttle bus markets. Freightliner Custom Chassis Corporation is a subsidiary of Daimler Trucks North America LLC, a Daimler company.

Morgan Olson, LLC builds walk-in van bodies, parcel van bodies, and dry freight van bodies for the package delivery, baking, textile rental and industrial service markets. Morgan Olson is a subsidiary of J.B. Poindexter & Company, a Houston-based holding company.

About Enova:

Enova Systems (NYSE AMEX:ENA) (AIM: ENV) (AIM: ENVS) 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.

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, 2009.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6447024&lang=en

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