Enova Systems Sees Fleet Penetration with Smith Electric Vehicles; Vehicles Delivered to AT&T, Staples, Frito Lay, Coca-Cola,...
July 29 2009 - 7:45AM
Business Wire
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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