Enova Continues Drive System Supply to FAW (China) (1983W)
January 26 2012 - 2:00AM
UK Regulatory
TIDMENV TIDMENVS
RNS Number : 1983W
Enova Systems, Inc.
25 January 2012
Enova Continues Supply of Drive Systems to First Auto Works
(China)
Nearly 500 Vehicles already deployed in China
Torrance, CA January 24, 2012 - Enova Systems, Inc. (NYSE AMEX:
ENA and AIM: ENV and 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 represents a solidification of 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 Street
Torrance, CA 90501
Tel: 310-527-2800
Contact: 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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