Enova and Freightliner Display Green for Free™ Vehicle
26 Janeiro 2012 - 12:00PM
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 is pleased to announce that one of the
first pre-production vehicles resulting from Enova’s and
Freightliner Custom Chassis Corp’s (FCCC) recently announced Green
for Free™ initiative (www.greenforfree.com) will be on display at
the Portland International Auto Show January 26-29th.
Side View of Green for Free (TM) Full
Electric Vehicle (Photo: Business Wire)
The Portland International Auto Show estimates that around
150,000 attendees will have the opportunity to view the latest
Green, Alternative Fuel and Electric Vehicle Concepts at the Auto
Show’s Eco Center. In its second year as one of the largest Eco
Centers in the nation, visitors will be able to find out more about
the latest technology in vehicle charging, solar power and a large
range of electric and electric hybrids and alternative fuel
vehicles.
The Green for Free™ Program is designed to allow fleet
executives to operate full 100% electric commercial vehicles
(EVs) for similar life cycle costs as those of diesel-powered
commercial vehicles. The anticipated savings fleets are
expected to realize from the reduced maintenance and fuel cost
of electricity of the electric vehicles are used over a period
of time to cover the incremental expense for the technology. Fleet
vehicles targeted with the Green for Free™ Program stand out as
possessing unique characteristics that make them clear
beneficiaries of electric drive technology. With more than 16.3
million vehicles in operation, the nation’s fleets possess enough
capacity to drive initial ramp-up scale in the EV OEM supply
chains. This is the first Program that is engineered to eliminate
the overall incremental costs associated with buying and operating
an all-electric vehicle, making the Program attractive to fleets
that are both large and small.
FCCC and Enova plan to gradually deploy a total of 3,000
alternative-fuel vehicles beginning in the second half of 2012 as a
result of the Green for Free™ Program. ENOVA and FCCC have defined
the Green for Free™ Program as a new sustainable transportation
model in which both companies are working in partnership with
commercial fleets to offer a transportation model that provides
clean, safe domestic and renewable energy.
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 our Web sites at
www.enovasystems.com.
ENOVA SYSTEMS, Inc.1560 West 190th Street,
Torrance, CA 90501Tel: 310-527-2800, Contact: John Micek,
CFO/Investor Relations
About Green for Free™:
The Green for Free™ Program intends to allow fleet executives to
purchase all-electric vehicles for the cost of a diesel-powered
commercial vehicle. The projected savings fleets incur from the
reduced maintenance and fuel savings of the electric vehicles (EVs)
are then used over a period of time to cover the incremental
expense for the technology. FCCC and Enova plan to gradually deploy
a total of 3,000 alternative-fuel vehicles beginning in the second
half of 2012 as a result of the Green for Free™ Program. The Green
for Free™ Program will utilize the FCCC All-Electric Walk-in Van
(WIV) chassis powered by the Enova drive system. FCCC is already
well-established in the market and can provide immediate volume,
which is required to reduce high-cost components, such as
batteries. Additionally, the project looks to focus on disciplined
duty cycles, utilizing 80 percent of the battery daily, versus
design for extended range. For further information, contact Enova
Systems directly, or visit our Web site at:
www.greenforfree.com.
About Freightliner Custom Chassis Corporation:
Freightliner Custom Chassis Corporation manufactures premium
chassis for the motorhome, delivery walk-in van, and school bus and
shuttle bus markets. Freightliner Custom Chassis Corporation is a
subsidiary of Daimler Trucks North America LLC, a Daimler company.
For further information, visit the Freightliner Custom Chassis
Corporation website at www.freightlinerchassis.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 fiscal
quarter ended September 30, 2011.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50146278&lang=en
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