Enova Continues Supply of Drive Systems to First Auto Works (China)
24 Gennaio 2012 - 3:00PM
Business Wire
Enova Systems, Inc. (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, announced today it has received further
orders to supply drive system components to First Auto Works (FAW)
in China. Enova shipped an additional fifty (50) hybrid drive
systems to FAW in December 2011, and FAW just placed an incremental
order of another 50 hybrid drive systems for delivery early this
year.
Since the 2008 Olympics in Beijing, Enova Systems and First Auto
Works have deployed nearly 500 vehicles, all utilizing Enova’s
pre-transmission hybrid drive system components. First Auto Works
is one of China’s largest vehicle producers, manufacturing in
excess of 1,000,000 vehicles annually. The Enova drive system will
be integrated and branded under the name of Jiefang CA6120URH
hybrid. The Jiefang 40 ft long hybrid city bus can carry up to 103
passengers and travel at a speeds of over 50 miles per hour. With
the ENOVA hybrid system components, the Jiefang bus meets Euro III
emission standards, consumes only 7.84 miles per gallon and
achieves a reduction of 20 percent in harmful emissions.
Enova Systems CEO Mike Staran commented, “Enova’s continued
supply of product to FAW solidifies Enova as a tier one production
supplier of unique clean vehicle solutions, capable of serving the
largest vehicle OEM’s in the world.”
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.
ENOVA SYSTEMS, Inc.1560 West 190th StreetTorrance, CA 90501Tel:
310-527-2800Contact: John Micek, CFO/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, 2010 and Form 10-Q for the quarterly
period ending September 30, 2011.
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