FDM Group Regulatory News (FDM)

9 Aug 2006 07:02

Enova Systems, Inc.09 August 2006 Ford Motor Ordered Advanced Design High Voltage Energy Converters (HVECs) byEnova Systems TORRANCE, CA, August 9, 2006 - Enova Systems, (OTCBB: ENOV and AIM: ENV andENVS), a leading developer and manufacturer of electric, hybrid and fuel celldigital power management systems, announced today that Ford Motor Company hasordered four (4) advanced design High Voltage Energy Converters (HVECs). This isanother strategic project by Enova and Ford Motor, whose relationship began withthe "Th!nk City" vehicle. Mike Staran, Enova's Vice President of Marketing stated: "The joint projectdemonstrates the constant development and optimization of our High VoltageEnergy Converter. The project illustrates the fully commitment of Ford MotorCompany to Enova as a supplier and to its production applications". Enova's will design and develop the components which will transfer power betweenthe fuel cell, the drive system and the battery, plus assist in energy recoveryduring regenerative braking. The source of propulsion power is thereforetransparent to the driver, allowing him to concentrate on normal vehicleoperation. Enova has had a long relationship with Ford Motor Company, starting with the Th!nk City vehicle. It has continued its relationship by aiding Ford in theirdevelopment of Alternate Fuel Vehicles (AFVs). Furthermore, similar Enova components, to the current HVEC's, are used to powerFord's Focus Hydrogen Fuel Cell Vehicles. There are (30) vehicles since January2006, which have been formally evaluated and tested throughout five worldwidecities. About Enova Systems, Inc. Enova Systems is a leading supplier of efficient, environmentally friendlydigital power components and systems products. The Company's core competenciesare focused on the development and commercialization of power management andconversion systems for mobile and stationary applications. Enova applies unique'enabling technologies' in the areas of alternative energy propulsion systemsfor light and heavy-duty vehicles as well as power conditioning and managementsystems for distributed generation systems. The Company develops, designs andproduces drive systems and related components for electric, hybrid-electric, andfuel cell powered vehicles. For further information, contact Enova Systemsdirectly, or visit its Web site at http://www.enovasystems.com. This news release contains forward-looking statements relating to Enova Systemsand its products that are intended to be covered by the safe harbor forforward-looking statements provided by the Private Securities Litigation ReformAct of 1995. Forward-looking statements are statements that are not historicalfacts. These statements can be identified by the use of forward-lookingterminology such as "believe," "expect," "may," "will," "should,'' "could,""project," "plan,'' "seek," "intend,'' or "anticipate'' or the negative thereofor comparable terminology and statements about industry trends and Enova'sfuture performance, operations and products. These forward-looking statementsare subject to and qualified by certain risks and uncertainties. These and otherrisks and uncertainties are detailed from time to time in Enova Systems'periodic filings with the Securities and Exchange Commission, including but notlimited to Enova's annual report on Form 10-K for the year ended December 31,2005. This forward-looking information should be considered only in connectionwith the aforementioned risk factors. Enova assumes no obligation to update suchforward-looking statements. ENOVA SYSTEMS, Inc.19850 South Magellan DriveTorrance, CA 90502310-527-2800Contact: Mike Staran, VP of Marketing/Investor Relations This information is provided by RNS The company news service from the London Stock Exchange