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Share Name | Share Symbol | Market | Stock Type |
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Enova | ENV | London | Ordinary Share |
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Posted at 26/10/2012 07:57 by m.t.glass ".... trading on London Stock Exchange's AIM market will be unaffected ..."RNS Number : 5946P Enova Systems, Inc. 26 October 2012 Enova Systems Announces Delisting from NYSE MKT Torrance, CA - October 25, 2012 - Enova Systems, Inc. (NYSE MKT: ENA and AIM: ENV and ENVS), (the "Company") received notification on October 24, 2012 from the NYSE MKT (the "Exchange" and formerly known as the NYSE Amex) stating that, because the Company was not in compliance with certain of the Exchange's continued listing standards, the Exchange intends to strike the common stock of the Company from the Exchange by filing a delisting application with the Securities and Exchange Commission (the "SEC"). The Company previously disclosed in Current Reports on Form 8-K filed with the SEC on April 20, 2012, May 29, 2012, July 6, 2012, and October 24, 2012 the provisions of Exchange's continued listing standards with which the Company was not in compliance. The Company does not intend to request an appeal hearing of the Exchange's delisting determination. The Company anticipates that the delisting of its common stock from the Exchange will be effective at the opening of the Exchange on Wednesday, October 31, 2012. The Company expects that its common stock will trade on the OTCQB Marketplace under the Company's current trading symbol "ENA" upon delisting from the Exchange, or as soon as practicable thereafter. The OTCQB is a market tier operated by the OTC Market Group Inc. for over-the-counter traded companies. The Company anticipates that the delisting will be completed once the Exchange files a Form 25-NSE Notification of Delisting with the SEC. The delisting and transition to the OTCQB does not change the Company's obligations to file periodic and other reports with the SEC under applicable federal securities laws. The Company expects that the admission of its common stock for trading on London Stock Exchange's AIM market will be unaffected by the NYSE MKT's determination. 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 ENOVA SYSTEMS, Inc. 1560 West 190th Street Torrance, CA 90501 Tel: 310-527-2800 Contact: John Micek, CEO/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 and Form 10-Q for the quarterly period ended June 30, 2012. This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 21/6/2011 07:04 by m.t.glass June 20, 2011Enova Systems Announces Decision to Maintain AIM Status and Appointment of New Nominated Advisor and Broker TORRANCE, Calif. - Enova Systems Inc. ("the Company") (NYSE AMEX: ENA) (AIM: ENV) (AIM: ENVS) ), a leading developer of proprietary hybrid electric and all- electric drive systems and drive system components for the emerging green commercial vehicle market, has determined to maintain the listing of its ordinary shares on the AIM Exchange. Further to the announcement made on April 21, 2011, and in light of discussions with a number of the Company's shareholders, the board has reviewed its decision to cancel its admission of Ordinary Shares to trading on AIM and has decided to maintain its AIM quotation. The Company believes this decision will best serve the interests of its shareholders, many of whom indicated a desire to continue to support the Company through its quotation on AIM. Having committed to continue trading its Ordinary Shares on AIM, the Company is pleased to announce the appointment of Daniel Stewart & Company ("Daniel Stewart") as its Nominated Adviser and Broker with immediate effect. Daniel Stewart is regarded as one of AIM's leading NOMADs with offices in London and New York. Additionally, Daniel Stewart will provide analyst coverage for Enova. Enova Chief Financial Officer John Micek said "The addition of Daniel Stewart and Company assists our initiative to provide Enova's shareholders with desired analyst coverage, as well as maintain a strong presence with our AIM shareholders." The Company also has determined that, given its decision to continue trading on AIM, it is in the Company's best interest to move its annual shareholder meeting previously scheduled for June 21, 2011 to the normal meeting time later in the year. 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 ENOVA SYSTEMS, Inc. 1560 West 190th Street Torrance, CA 90501 Tel: 310-527-2800 Contact: John Micek, CFO/Investor Relations About Daniel Stewart: Daniel Stewart & Co is an investment bank offering both corporate advisory and institutional stockbroking services and focusing on small and mid-size companies. The full range of services includes corporate finance, corporate broking, research, sales & trading, debt advisory and investor relations. Daniel Stewart is both a nominated adviser to AIM and a regulated broker to both the Official List and AIM. ts that are intended to be covered by the safe harbor for forward-looking |
Posted at 12/10/2009 09:47 by asparks cant believe there's not more interest here. Are debbie and me the only 2 investors??? |
Posted at 10/9/2009 07:50 by debbiegee Great news here and we are at the investor conference as rnsd for the next couple of days so maybe more news very soon . |
Posted at 26/4/2009 23:20 by frankiestheone I think this is what your after debbiegee, any help would be much appreciatedthanks from all AIM investors |
Posted at 27/5/2008 07:27 by m.t.glass ...A primary highlight of the meeting was Enova's recent Long term Agreement with IC Bus. With IC Bus Management present, Enova explained the historic agreement which is valued at 120M through 2010.Among many of the other highlights was Enova's display of production hybrid vehicles from Tanfield, IC Bus and Isuzu. In attendance were investors, key customers (IC Bus and Isuzu), Suppliers, and Enova employees. Throughout the presentation, Enova displayed compelling testimonials stressing partnerships from Mr. John McKinney (IC Bus VP), Mr. David Hillman (IC Bus Director), Mr. Roy Stanley (Darwen and Tanfield Chairman) and Mr. Darren Kell (Tanfield Chief Executive). Testimonials confirmed strong partnerships, and the customer's intent to sell hundreds to thousands of Electric and hybrid electric vehicles to both the new and retrofit markets in the upcoming years. Enova Executive Management stressed the importance of execution, technology and vision.Management displayed Enova's tremendous growth from 384 drive systems in 2007 to 2800 projected drive systems in 2009. They also discussed performance data showing 70% fuel economy improvement with their Post transmission system, as well as new technologies, such as wireless monitoring, which allows Enova to optimize performance for various drive cycles. Management closed the meeting by stressing their focus on executing and moving the company towards profitability... |
Posted at 24/4/2008 07:52 by m.t.glass RNS Number:0094TEnova Systems, Inc. 24 April 2008 Enova Announces Additional Financing Placing of shares Enova Systems, Inc ("Enova" or the "Company") today announces that it has entered into a Securities Purchase Agreement ("Purchase Agreement") and Registration Rights Agreement with several accredited investors ("Investors"). Pursuant to the Purchase Agreement, the Investors have agreed to purchase 1,273,700 shares ("Investor Shares") of Enova's common stock of no par value (" Common Shares") at $3.91 per Common Share (the "Placing Price"). It is anticipated that Enova will receive approximately $4,980,167 in gross proceeds from the sale of the Investor Shares. The net proceeds of from the sale of the Investor Shares are to be utilised to fund working capital and to strengthen the Company's balance sheet. Further details of the placing of Common Shares are set out below. The securities offered have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This Press Release does not constitute an offer of any securities for sale. Further details of the placing The Investor Shares will be sold by Enova in a private placement under Regulation D of the US Securities Act of 1933, as amended. The closing of the issue of Investor Shares is conditional upon, among other things, the listing of the Investor Shares for trading on the American Stock Exchange. The Placing Price represents a discount of approximately 5.8 per cent to the closing middle market price of the Enova unrestricted common shares (Code: ENV) on April 23, 2008 on the AIM Market of the London Stock Exchange. The Placing Shares represent approximately 6.6 per cent of the Company's issued share capital immediately prior to the issue of the Investor Shares. The closing price of Enova's Common Shares on the American Stock Exchange on April 23, 2008 was $3.86. Application will be made to the London Stock Exchange for the Investor Shares to be admitted to trading as restricted Common Shares on AIM. The Investor Shares will rank pari passu in all respects with the existing Common Shares on the restricted line (Code: ENVS) except that pursuant to the US Securities Act of 1933 (as amended) the eligibility of a shareholder to transfer shares from the restricted line (Code: ENVS) to the unrestricted line (Code: ENV) will depend on the time period that their shares have been held and any other applicable restrictions. Application has also been made to the American Stock Exchange Inc. for the Placing Shares to be listed on AMEX. Stonegate Securities Inc. acted as the placement agent for the transaction. The implementation of the issue of Investor Shares does not require shareholder approval. It is expected that dealings in the Investor Shares on AIM will commence on 29 April 2008. 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 For further details Enova Systems, Inc Tel: +1 310 527 2800 Mike Staran, President and Chief Executive Officer/Jarett Fenton, Chief Financial Officer Investec as Nominated Advisor to the Company Tel: 020 7597 5970 Michael Ansell / Paul Brett Global Equity IR Amira Bardichev Tel: 07956 206270 |
Posted at 27/3/2008 00:21 by m.t.glass Thursday, March 27, 2008 12:02 AM Enova Reports Annual Results for 2007 Fiscal Year Delivers Record 384 Drive Systems in 2007, Including More Than 200 Drive Systems on Improved Gross Margins in Fourth Quarter TORRANCE, Calif.--(BUSINESS WIRE)--Enova Systems, (AMEX:ENA) (AIM:ENV) (AIM:ENVS), a production company in an emerging industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems, has filed its 2007 Annual Report on Form 10-K. Enova President and CEO Mike Staran commented, "We are excited about our results for the year. In 2007, Enova has demonstrated the increasing acceptance of our drive system in the full range of target production applications. I anticipate that 2008 will be a defining year for Enova." Highlights of 2007 Results: Total 2007 net loss was $9,347,000 on $9,175,000 in revenue for the year. Total fourth quarter 2007 net loss was $3,479,000 on $4,032,000 in revenue. Gross loss for the year ended 2007 was 6% on sales of $9,175,000, compared to a gross loss of 74% on sales of $1,666,000 for the year ended 2006. Gross loss for the quarter ended December 31, 2007 was effectively zero on $4,032,000 in sales, compared to a gross loss of 53% on $593,000 in sales for the same period in 2006. In 2007, Enova delivered 384 systems, representing a ten-fold increase in delivery volume from 2006, predominantly driven by increased sales to Tanfield and IC Corp-Navistar in 2007. In 2007, Enova realized significant traction with customers such as IC Corp-Navistar, Tanfield and Wrightbus. In 2008, Enova expects additional growth with continued commitments from First Auto Works, IC Corp-Navistar, Wrightbus, and Tanfield, plus additional development work with Isuzu, Verizon, Cox, and other fleet operators. Enova CFO, Jarett Fenton added, "In the fourth quarter of 2007, we began to transition from in-house manufacturing to supplier-based manufacturing. The improvement in gross margins in the fourth quarter is an early indication that these measures are proving effective. As we continue to mature suppliers and negotiate with our vendors, we expect this trend in gross margins to continue." 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 Contacts ENOVA SYSTEMS, Inc. Jarett Fenton Chief Financial Officer/Investor Relations 310-527-2800 |
Posted at 25/2/2008 07:38 by m.t.glass RNS Number:6247OEnova Systems, Inc. 25 February 2008 Enova Confirms 2008/9 Production Order from Tanfield's Smith Electric Vehicles Deliveries of 90 and 120kW systems for 2008 to Tanfield have begun TORRANCE, CA February 25, 2008 - Enova Systems, (AMEX: ENA and AIM: ENV and ENVS), a production company in an emerging industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems, confirmed that it has received a production order, and has begun delivering 2008 production orders to Smith Electric Vehicles, a division of The Tanfield Group Plc (TAN). Enova expects to supply Tanfield with in excess of 1,000 units during 2008, and as many as 3,000 in 2009. The 2008 order will predominantly supply Tanfield's production line in Vigo Centre, UK. However, Tanfield also intends to start production of its commercial electric vehicles in North America during this calendar year. "Tanfield is the worldwide leader in zero emission vehicle production. Choosing Enova as its supplier solidifies us as a world leader in the electric drive market. We look forward to the continuation of our successful partnership with Tanfield in this immense market" stated Mike Staran, Enova's President and CEO. Under this new, extended supply agreement, Enova will continue delivering their 90kW and 120kW electric drive components to Tanfield during 2008, and beyond. Darren Kell, Chief Executive of The Tanfield Group Plc, said, "Enova's components have proved to be an extremely reliable, efficient, and robust part of our electric vehicle drive train." Mr. Kell continued, "Enova's capability to produce high quality product in volume means they remain a preferred supplier, as Tanfield significantly increases production of its commercial electric vehicles." Enova has supplied electric drive train components to Tanfield since 2006, to help produce high performance electric drive train systems for Smith Electric Vehicle's zero emission vans and trucks. Smith utilises a 120kw electric drive system in the Smith Newton, the world's first zero emission 7.5t - 12ttruck. A 90kw electric drive system is installed in the Smith Edison, the world's first all-electric sub-3.5t van. A typical Smith Electric vehicle can achieve ranges of up to 150 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. Smith Electric Vehicles, based in Tyne & Wear, United Kingdom, 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. About Tanfield: The Tanfield Group Plc is the world's leading developer and manufacturer of road-going commercial electric vehicles and aerial work platforms. Tanfield is headquartered in Newcastle with operations in both the North America and EMEA regions. It has two main divisions: Smith Electric Vehicles, was founded in 1920 and acquired by Tanfield in October 2004. Following its acquisition, Smith is developing into a world leader in new technology electric vans and trucks with greatly enhanced performance, speed and range capabilities. This makes them attractive for all fleet operators in large towns, cities and closed industrial environment. For the first time, these fleet operators have economically viable, zero emission alternatives to using diesel vans and trucks. Smith has an unrivalled UK-wide service and support network, which already maintains over 5,000 vehicles for major fleet operators. This core element of the business is beginning to fulfil its potential in terms of addressing the requirements of large urban fleet operators, who want to reduce their operational costs and more importantly, greatly reduce their carbon footprint. Smith's airport offering is complemented by two specialist airport vehicle sub-divisions; Jumbotugs and Norquip. Powered Access, contains two of the world's most established aerial work platform brands, UpRight Powered Access and Snorkel International. UpRight is firmly established as the UK's biggest manufacturer of self-propelled aerial work platforms (also known as "cherry-pickers", "mobile elevating work platforms", "aerial lifts", etc). UpRight has assembly facilities in the UK and USA, with products sold through a strong network of over 180 independent, full-service distributors across Europe, the Middle East and Asia-Pacific regions. Snorkel, acquired in July 2007, has significant manufacturing capabilities along with strong sales and distribution, in the USA and Australasia. Tanfield has been successful in extending its powered access product range and is now one of only three "full line" aerial lift manufacturers to have a significant assembly footprint in both the North America and EMEA regions, in what is a $7bn global market. / 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 ENOVA SYSTEMS, Inc. 1560 West 190th Street Torrance, CA 90501 310-527-2800 Contact: Jarett Fenton, Chief Financial Officer/Investor Relations +44-(0)7956 206270 Amira Bardichev, Investor Relations Consultant |
Posted at 27/11/2007 07:24 by m.t.glass Enova Systems Enova to DisplayRNS Number:5445I Enova Systems, Inc. 27 November 2007 Enova Systems to Display Unique Production and Development Technologies at EVS 23 Conference TORRANCE, CA, November 27, 2007 - Enova Systems, (AMEX: ENA and AIM: ENV and 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, announced today that it will present Ultra-Capacitor technology for Hybrid Vehicles at the world's largest Electric Vehicle Symposium, EVS 23 in Anaheim from Dec 2-5. Additionally, Enova, along with IC Corporation will display their production Hybrid School and Commercial Bus. Various other examples of Enova's unique and proprietary technologies will also be displayed including their Power Control Unit, which is currently being delivered to Think Global for their use on all of their Electric Vehicles. Terry Morano, Enova's Director of Worldwide Sales said "Enova is poised to display some of its unique production capabilities, as well as display what we feel are critical new technologies that will further grow the market. EVS will be an excellent forum for our company to continue establishing our position in the market as a World Leading production supplier." The ultra capacitor technology that will be displayed shows Enova's ongoing commitment to evaluating and determining the best source of energy for their customer's performance and drive cycle expectation. It is expected that ultra capacitors will provide incremental starting energy to an electric motor. The energy from the ultra capacitor should then feed the electric-drive motor, which is located in the drive-train. The result of this action is that ultra capacitors can capture a significant amount of regenerative braking energy, which could enhance the fuel economy of a hybrid vehicle. A production Hybrid School Bus and Commercial Bus, built by IC Corp, the nation's largest school bus manufacturer will also be on display. The plug-in hybrid diesel-electric school bus helps offset increasing fuel costs while protecting the environment, potentially doubling fuel economy and reducing emissions by up to 90 percent. While the exterior of the hybrid buses look the same as standard buses, they are powered with Enova's innovative technology. The hybrid power train couples a V-8 diesel engine with an 80-kilowatt battery-powered electric drive. The electric system activates when needed to reduce the amount of diesel power and fuel usage. The hybrid bus also has capability to run on bio fuel blends to increase environmental performance. Enova and IC Corp have partnered to supply buses throughout 11 states, and are now expanding the market as they will soon be delivering vehicles to both Mexico and Canada. Additionally, Enova and IC are working together to capture funding from the Air Resource Board's (ARB's) Lower-Emission School Bus Program. The program will provide $200M of grant funding for new, safer school buses and put air pollution control equipment on buses that are already on the road Randall Ray, IC Corporation Manager for Bus Product Development adds that "IC is ready to provide these hybrid school buses, when you look at the diesel hybrid electric bus, using a new 2007 emissions compliant MaxxForce engine in the hybrid drive, we are now stacking clean air technologies together realizing significant gains." Enova will also display its latest design of their Power Control Unit (PCU), which is a critical component on the highly anticipated electric vehicle being produced by Norwegian based Think Global. The PCU is a critical component of the vehicle's power system, converting and regulating high voltage power to lower voltages where and as required. Enova's module transfers power throughout the drive system and the battery, and assists in energy recovery during regenerative braking. The source of propulsion power is therefore transparent to the driver, allowing him to concentrate on normal vehicle operation. The highly anticipated introduction of the vehicle, and high volume production, is expected in the 2008 model year. The Think Vehicle has a top speed of 65 to 70 mph and a range of 100 miles, is an environmentally friendly, zero emission, all electric vehicle ideally suited for metropolitan cities. For further information contact: ENOVA SYSTEMS, Inc. 19850 South Magellan Drive Torrance, CA 90502 T. + 310-527-2800 Jarett Fenton, CFO and Investor Relations Notes to the Editor Enova's technology will be on display at the upcoming EVS 23 Conference, California. The conference is held in Anaheim from December 2-5, 2007, the International Electric Vehicle Symposium and Exposition (EVS) series, organized by the World Electric Vehicle Association (WEVA), has long been recognized as the premier event for academic, government and industry professionals involved in electric drive technologies. In an effort to showcase their unique technologies, Enova will utilize a 20 x 50 foot booth to house various vehicles as well as detailed exhibits of their capabilities. The EVS series began in 1969 as an academic forum for global networking and the exchange of technical information. As electric drive technologies progressed from the classrooms and laboratories into the marketplace, EVS blossomed into an event that is both academic and business oriented. Today, the EVS series is recognized as the global electric transportation industry's premier and largest forum, showcasing all forms of technologies in the market place and on the drawing boards--from low speed battery electric vehicles to fuel cell electric buses. About Enova Systems, Inc. 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 and stationary 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 drive systems and related components for electric, hybrid-electric, and fuel cell powered vehicles. For further information, contact Enova Systems directly, or visit its Web site at |
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