Enova Systems Selects Allen & Caron for Investor Relations, Corporate Communications
August 31 2009 - 4:30AM
PR Newswire (US)
TORRANCE, Calif., Aug. 31 /PRNewswire/ -- Enova Systems Inc. (NYSE
Amex: ENA) (AIM: ENV and 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, announced today that it has selected Allen & Caron
Inc., with offices in New York City, Irvine, CA and London, as its
agency for investor relations and corporate communications. Allen
& Caron will help Enova Systems develop an outreach program to
increase visibility in the investment community. Enova Systems
Chief Executive Officer Mike Staran commented: "With the current
rate of growth in the alternative energy industry, it is the right
time for us to generate broader visibility in the investment
community and financial media. Our immediate goals are to increase
our Company's trading liquidity and valuation. We selected Allen
& Caron because of their well-established reputation for
helping small-cap companies develop effective communications and
for increasing their exposure to influential investors." Allen
& Caron Chairman and Chief Executive Officer Joseph Allen said:
"Enova's robust and innovative technologies are focused on two of
the fastest growing areas of the global automotive industry -
hybrid and all-electric vehicles. The Company just delivered a
significant order of hybrid drive systems to First Auto Works of
China, an important customer, and has already established a very
strong global customer base, which is a significant accomplishment
in this competitive market." Allen added: "Enova's strategy for
expansion and for achieving sustainable profitability makes it a
compelling investment opportunity, which will be the focus of our
efforts going forward." About Enova Systems Enova Systems Inc., an
international company headquartered in Torrance, Calif., is the
leading developer of electric and hybrid drive systems for buses
and medium-duty vehicles. Enova produces four drive configurations
(Pure Electric, Series Hybrid with Diesel Generator, Pre and Post
Transmission Parallel Hybrids) for customers including Navistar's
IC Bus Division, Smith Electric Vehicles and the China FAW Group
Corporation. Enova's drive systems have powered thousands of
electric and hybrid vehicles since 1980. For more information,
visit http://www.enovasystems.com/ About Allen & Caron Allen
& Caron is a full-service corporate, investor and marketing
communications agency serving the needs of public companies. The
Allen & Caron international client base includes emerging
growth companies in a range of industry segments. The firm has
offices in Irvine, California; New York City and London; maintains
representation in Paris; and has an affiliate relationship with a
leading investor relations firm in Italy, with offices in Milan and
Rome. For more information, visit http://www.allencaron.com/
Contacts Enova Systems Inc. Jarett Fenton, CFO (310) 527-2800 Allen
& Caron Inc. Rudy Barrio (Investors) (212) 691-8087 Brian
Kennedy (Media) (212) 691-8087 DATASOURCE: Allen & Caron Inc.
CONTACT: Jarett Fenton, CFO of Enova Systems Inc., +1-310-527-2800;
or investors, Rudy Barrio, , or media, Brian Kennedy, , both of
Allen & Caron Inc., +1-212-691-8087 Web Site:
http://www.allencaron.com/ http://www.enovasystems.com/
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