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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 Solidifies Market Leadership at Three Major Upcoming Trade Events

21/01/2010 11:30pm

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, today announced that it will be participating and presenting in three major trade events over the next few months:

  • The 2010 Electric Drive Transportation Association Conference (EDTA), hosted in Washington, DC on January 26 – 28, 2010.
  • The CleanEquity Monaco 2010 Conference, held March 4 – 5, 2010, at the Le Sporting d'Hiver, Place du Casino in the Principality of Monaco.
  • The National Truck Equipment Association “Work Truck Show” and Green Truck Summit Conference at America’s Center in St. Louis, MO, on March 9-12, 2010.

For the first of these events, Enova will be joining a prestigious panel of speakers at the 2010 EDTA Conference. Co-located with the Washington, DC Auto Show, this year’s Conference will focus on the next generation of zero-emission transportation.

“The conference provides us the ideal platform to build awareness for Enova’s all-electric and hybrid electric drive system technologies for use in medium and heavy-duty applications,” said John Mullins, Enova’s Chief Operating Officer. “While helping propel the conversation about low and zero emission commercial transportation, we’ll also be solidifying our position as a technology leader in this market.” Enova will be joining a panel of industry experts on Wednesday, January 27, as they address the advantages and recent breakthroughs in deploying zero-emission drive system technology in commercial trucks.

The Washington, DC location for this year’s EDTA Conference reflects the current Administration’s push to deploy more green fleets in the months and years ahead. Among those attending the Conference are a number of prominent legislators and representatives from government agencies that have been tasked with reducing their carbon footprints and reducing U.S. dependence on imported oil. For more information about the 2010 EDTA Conference, visit www.ElectricDrive.org.

Following the EDTA Conference, Enova will present at the CleanEquity Monaco 2010 Conference, held March 4 – 5, 2010 at the Le Sporting d'Hiver, Place du Casino in the Principality of Monaco. CleanEquity Monaco assists emerging clean technology companies like Enova in accelerating the commercialization of their technologies, by connecting them to key players from the investment, political, industry and media communities. At this year’s Conference, sector experts will lead a range of breakout sessions to explore key industry themes, drivers and constraints, as well as forward-looking trends.

Participating in one of these sessions, Enova Systems Chief Executive Officer Mike Staran and Chief Financial Officer Jarett Fenton will discuss Enova’s technology, products, growing customer base and expanding market opportunity, as well as the competitive landscape.

Staran commented: "The current rate of growth in the alternative energy industry makes this an ideal time for us to drive broad visibility to potential stakeholders." Parties interested in scheduling a meeting with Enova at this conference are urged to contact Jarett Fenton at (310) 527-2800 ext. 103 or Allen & Caron Inc., Enova’s agency for investor relations and corporate communications at (949) 474-4300.

On the heels of the CleanEquity Monaco 2010 Conference, Enova will also participate in the National Truck Equipment Association (NTEA) “Work Truck Show” and Green Truck Summit Conference — a major industry event for commercial vehicle OEMs, national fleet operators, and vehicle equipment manufacturers that comprise Enova’s core customer base.

Hosted at America’s Center in St. Louis, MO on March 9 - 12, 2010, this trade event will prominently feature Enova’s all-electric drive train technology for commercial vehicles at a number of venues. Throughout the event, Enova will actively support Freightliner Customer Chassis Corporation (a division of Daimler Trucks North America), who is partnering with Enova to develop and integrate all-electric walk-in van chassis targeted at the parcel delivery and urban route delivery fleet market.

“Our partner FCCC is taking a leading role in reducing harmful emissions and fleet operating costs now and in the years ahead,” explained Staran. “Enova is pleased to enter this partnership and support FCCC.”

Also participating in the Conference is key Enova customer Smith Electric Vehicles US, which will feature Enova’s 120 kW all-electric drive train and on-board charging technology in their Smith Newton commercial delivery trucks.

Conference attendees will also have the opportunity to experience the outstanding performance, zero emissions and quiet ride offered by the Enova Ze, the company’s all-electric walk-in van designed and developed by Enova’s Vehicle Integration Team. As part of the NTEA alternative fuel ride-and-drive program, attendees will be able to drive the Ze on a 2-mile route outside the America’s Center.

Said Staran, “Having the Enova Ze at the NTEA Ride-and-Drive allows us to demonstrate the many advantages of this clean vehicle technology.”

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.

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, 2008.

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