Enova Continues Supply of Drive Systems to Smith Electric Vehicles
05 Marzo 2012 - 8:00AM
Business Wire
Enova Systems, Inc. (NYSE AMEX: ENA) (AIM: ENV) (AIM: 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 Smith Electric Vehicles
Corp (Smith), a global leader in all-electric commercial
vehicles.
Smith has deployed several hundred vehicles utilizing Enova’s
electric drive system. Smith (www.smithelectric.com) develops,
produces and sells zero-emission commercial electric vehicles that
are designed to be an alternative to traditional diesel trucks,
providing higher efficiency and lower total cost of ownership.
Smith has manufacturing facilities in Kansas City, Missouri, and
outside of Newcastle, UK. Smith’s vehicle designs leverage more
than 80 years of market knowledge from selling and servicing
electric vehicles in the United Kingdom. Smith produces the Newton™
and the Edison™.
Enova Systems CEO Mike Staran commented, “Smith Electric
Vehicles continues to show a strong commitment to both Enova and
the Electric Vehicle segment. We anticipate continued penetration
and are pleased to be part of Smith’s strategy.”
Smith most recently announced its intention to deploy vehicles
in the all-electric school bus sector. The 42-passenger Newton
school bus travels up to 100 miles on a single charge at speeds of
up to 50 mph, and is intended for the fixed routes in urban areas
most school buses take each day.
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.
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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