T42 Iot Track. Regulatory News (TRAC)

4 Feb 2008 07:00

Enova Systems, Inc.03 February 2008 Enova Drive System used to Power Traction Technologies Plc Buses in Liverpool, UK System to be powered by Ultracapacitors TORRANCE, CA, February 4, 2008 - Enova Systems, (AMEX: ENA and AIM: ENV andENVS), an early stage production company in an emerging industry and a leadingdeveloper of proprietary electric, hybrid and fuel cell digital power managementsystems, is pleased to announce that its 120kW System has been chosen to powerfour Optare Solo Buses, integrated by UK based, Traction Technology Plc. TheBuses will incorporate Enova's 120kW Series Hybrid drive system. This award follows extensive competitive trial evaluation by Merseytravel. Thisis the first time that Traction has been part of a head to head evaluation ofits hybrid system and their success in this trial is seen by Enova as a criticalindicator in Traction's plans for the adoption of its offering in the UK marketand beyond. Enova Systems' Terry Morano stated, "The fact that these vehicles are runningwith ultracapacitors illustrates the flexibility of Enova's Electric DriveSystem's towards diverse power systems, such as batteries, fuel cells, biofuels, hydrogen, and now, ultracapacitors." Traction Technology Plc is a designer and distributor of environmentallyfriendly, low emission series diesel electric hybrid engine systems. Theconfirmed contract with Merseytravel is to supply four hybrid Optare Solo buses.Each will be powered by a hybrid diesel system, in tandem with an ultracapacitorpower pack. About Enova: Enova Systems (http://www.enovasystems.com) is a leading supplier of efficient,environmentally friendly digital power components and systems products. TheCompany's core competencies are focused on the development and commercializationof power management and conversion systems for mobile applications. Enovaapplies unique 'enabling technologies' in the areas of alternative energypropulsion systems for light and heavy-duty vehicles as well as powerconditioning and management systems for distributed generation systems. TheCompany develops, designs and produces non-invasive drive systems and relatedcomponents for electric, hybrid-electric, and fuel cell powered vehicles in boththe "new" and "retrofit" vehicle sales market. For further information, contactEnova Systems directly, or visit its Web site at http://www.enovasystems.com. ENOVA SYSTEMS, Inc.1560 West 190th StreetTorrance, CA 90501310-527-2800Contact: Jarett Fenton, CFO/Investor Relations +44-(0)7956-206270Amira Bardichev, UK Investor Relations, Additional Information: 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 31,2006. This information is provided by RNS The company news service from the London Stock Exchange