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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
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Enova Systems Sees Fleet Penetration with Smith Electric Vehicles; Vehicles Delivered to AT&T, Staples, Frito Lay, Coca-Cola,...

29/07/2009 1:45pm

Business Wire


Enova Systems Inc. (AMEX:ENA)
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Enova Systems, Inc. (NYSE AMEX: ENA) (AIM: ENV) (AIM: ENVS), a production company in the emerging alternative energy industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems, confirmed today that an all-electric drive train technology was featured in Smith Electric Vehicles’ Newton commercial trucks that were delivered to several Fortune 500 companies at a ceremony on the National Mall near the U.S. Capitol. Representatives from Smith Electric Vehicles U.S. handed over the keys to newly-built Newton trucks to fleet managers from AT&T, Staples, Frito Lay, Coca-Cola, Pacific Gas and Electric, and Kansas City Power and Light. The Smith Newtons are powered by Enova’s 120kW all-electric induction motors, motor controls, inverters and on-board charging systems.

Enova Systems continues to fulfill orders from Smith Electric Vehicles for both the UK and US initiatives, with various shipments scheduled throughout 2009 and into 2010. In June, Management representatives from Tanfield Corporation, parent company to Smith Electric Vehicles, were on site at Enova to discuss expanded cooperation, volume ramp up scenarios, and collaboration on possible DOE Electrification and Recovery/Stimulus projects.

Mike Staran, CEO of Enova Systems commented, “As was reinforced by Tanfield and Smith Executive Management, they are committed to providing a realistic and efficient all electric vehicle to the largest and most recognized fleets in the world. The event in Washington yesterday only underscores this determination. We look forward to a long and mutually profitable relationship with this visionary company.”

Bryan Hansel, CEO of Smith Electric Vehicles U.S. stated that, “Enova Systems and their all-electric drive system are an important element of our technology strategy as we build and deliver commercial vehicles to fleet operators worldwide. ”

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.

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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