TIDMENV
Enova Systems, Inc.
08 February 2012
ENOVA SYSTEMS, INC
("Enova" or "the Company")
Green for Free(TM) Vehicle Continues US West Coast Tour
Enova and Freightliner displaying the new GFF vehicle at
dealerships and conferences along the US west coast
TORRANCE, CA February 7th, 2012 - Enova Systems, Inc. (NYSE
AMEX: ENA and AIM: ENV and 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 a pre-production vehicle
resulting from Enova's and Freightliner Custom Chassis Corp's
(FCCC) recently announced Green for Free(TM) initiative continue to
be on display at various locations along the US west coast.
After the success and interest generated with both the public
and fleet operators during the Green Vehicle Transportation
Conference, the Portland International Auto Show, and a Ride and
Drive event in Washington State, the GFF all electric delivery Walk
in Van will be on display and available to drive at the Golden Gate
Truck Center in Oakland, CA on February 7(th) and 8(th,) followed
by an exhibition at Velocity Vehicle Group's Los Angeles
Freightliner Truck Center in Fontana, CA, from February 13(th) to
Feb 17(th) . Attendees will learn more about the Green for Free(TM)
initiative and ENOVA's next-generation Omni drive system.
Jonathan Randall, Director, Sales and Marketing, Freightliner
Custom Chassis, said "The commercial vehicle market has relied on
government funding for alternative-fuel vehicles. The Green for
Free program relies on the life cycle cost savings of an all
electric vehicle versus a typical commercial vehicle to cover
additional expense associated with purchasing an all electric
vehicle, making the program attractive to fleets both large and
small without need of government subsidies. Freightliner Custom
Chassis is very pleased to be partnering with Enova to promote this
program, and we are thus equally pleased with the reaction our
chassis is receiving at the various shows in which we are
attending."
Mike Staran, Enova President and CEO, said "We are extremely
pleased with the response this initiative is receiving. Customers
are realizing that the potential for a value proposition does in
fact exist and appear to be eager to participate."
Featuring an industry-leading intelligent design, the Omni
Series is designed to deliver increased power, greater efficiencies
and economic advantages for manufacturers of medium and heavy-duty
EV and HEV commercial vehicles. The new Green for Free(TM) Zero
Tailpipe Emissions vehicle boasts a GVWR of 14,000 to 19,500 lbs
and symbolizes the coming of age of full electric state of the art
technology. It combines the ENOVA OMNI series drive train with the
FCCC MT45 chassis, and a new Morgan Olson body design of greatly
improved aerodynamics, a one-piece bonded windshield, an
automotive-like quiet interior and recyclable composite body
panels. The result is a reliable, durable and user friendly work
tool with a body that is 500 lbs lighter than the traditional Walk
in Van and helps extend drive cycle range. With sustainability in
mind, the Green for Free(TM) vehicle benefits from what is expected
to be the lowest possible carbon footprint. FCCC's MT 45 chassis is
built at their zero waste to landfill plant in Gaffney SC. ENOVA
and FCCC are currently working together on the selection of the
Battery supplier for this vehicle which is anticipated to be
announced in the coming weeks. With the selection of the Battery
supplier, ENOVA and FCCC will be well-positioned to set the pace in
the development of large scale commercial full EV vehicles and
technological innovation in this sector.
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
90501
Tel: 310-527-2800, Contact: John Micek, CFO/Investor Relations
About Green for Free(TM):
The Green for Free(TM) 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(TM) Program. The
Green for Free(TM) 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.
For further information:
Enova Systems, Inc.
Mike Staran, President & Chief Executive Officer
John Micek, Chief Financial Officer
Tel: + 1 310 527 2800
Daniel Stewart & Company plc
(Nominated Adviser & Broker)
Paul Shackleton/Jamie Barklem
Tel: + 44 (0) 207 776 6550
This information is provided by RNS
The company news service from the London Stock Exchange
END
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