Torrance, CA January 24, 2012 - Enova Systems, Inc. (NYSEAMEX: ENAand AIM: ENVand 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 FAWin December 2011, and FAWjust 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 ENOVAhybrid system components, the Jiefang bus meets Euro IIIemission standards, consumes only 7.84 miles per gallon and achieves a reduction of 20 percent in harmful emissions.
Enova Systems CEOMike Staran commented, "Enova's continued supply of product to FAWsolidifies 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.
ENOVASYSTEMS, 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.
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