ENOV News Ford Motor Ordered Advanced Design High Voltage Energy Converters (HVECs) by Enova Systems
TORRANCE, Calif.--(BUSINESS WIRE)--Aug. 9, 2006--Enova Systems (OTCBB:ENOV) (AIM:ENV) (AIM:ENVS), a leading developer and manufacturer of electric, hybrid and fuel cell digital power management systems, announced today that Ford Motor Company has ordered four (4) advanced design High Voltage Energy Converters (HVECs). This is another strategic project by Enova and Ford Motor, whose relationship began with the "Th!nk City" vehicle.
Mike Staran, Enova's Vice President of Marketing, stated: "The joint project demonstrates the constant development and optimization of our High Voltage Energy Converter. The project illustrates the fully commitment of Ford Motor Company to Enova as a supplier and to its production applications."
Enova will design and develop the components which will transfer power between the fuel cell, the drive system and the battery, plus assist in energy recovery during regenerative braking. The source of propulsion power is therefore transparent to the driver, allowing him to concentrate on normal vehicle operation.
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 their development of Alternate Fuel Vehicles (AFVs).
Furthermore, similar Enova components, to the current HVECs, are used to power Ford's Focus Hydrogen Fuel Cell Vehicles. There are 30 vehicles since January 2006, which have been formally evaluated and tested throughout five worldwide cities.
About Enova Systems, Inc.
Enova Systems 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 and stationary 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 drive systems and related components for electric, hybrid-electric, and fuel cell powered vehicles. For further information, contact Enova Systems directly, or visit its Web site at http://www.enovasystems.com.
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, 2005. This forward-looking information should be considered only in connection with the aforementioned risk factors. Enova assumes no obligation to update such forward-looking statements.
