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Enova Announces Incremental 100 System Order from Smith Electric Vehicles

^{Published on 2010-10-20 06:05:52 - Market Wire}
 

TORRANCE, Calif.--([ BUSINESS WIRE ])--Enova Systems, Inc. (NYSE: ENA) (AIM: ENV) (AIM: ENVS), a leading innovator of proprietary hybrid and electric drive systems propelling the alternative energy industry, has received an incremental order to deliver 100 electric drive systems to Smith Electric Vehicles (SEV), manufacturer of the all-electric Smith Newton truck.

"Enova Systems is a valued partner in Smith Electrica�s production chain, allowing us to produce the best all-electric trucks on the market"

The order for 100 Enova 120kW drive systems will be installed into Smith Newton trucks in Kansas City, MO. This recent order follows three previous orders from SEV totaling 220 units for 2010. This order is a part of the expected 500+ units through 2011 funded via the $32M DOE award granted to SEV earlier this year.

aEnova Systems is a valued partner in Smith Electrica�s production chain, allowing us to produce the best all-electric trucks on the market,a said Bryan Hansel, CEO of Smith. aAs the all-electric truck industry continues to expand with more and more companies realizing the benefits associated with electric technology, Smith and Enova are ideally positioned to maximize penetration and cost effectiveness through high volume orders.a

Smith Electric U.S. was recently awarded a $32 million grant by the U.S. Department of Energy (DOE) which is being used to offset the cost of future vehicle development and to incentivize customers to participate in a vehicle demonstration program. The company was also recently visited by President Obama, who toured the facilities and applauded Smitha�s commitment to greening our nationa�s fleets.

aEnovaa�s partnership with Smith Electric has been a successful one, validated by the continued increase in orders of our drive systems,a said Enova CEO and President Mike Staran. aWith more Smith Newton trucks on the road powered by Enovaa�s all-electric drive systems, wea�re making great strides toward zero-emission vehicles.a

About Enova

Enova Systems ([ http://www.enovasystems.com ]) is a leading supplier of efficient, environmentally friendly digital power components and systems products. The Companya�s core competencies are focused on the development and commercialization of power management and conversion systems for mobile applications. Enova applies unique aenabling technologiesa� 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 anewa and aretrofita vehicle sales market. For further information, contact Enova Systems directly, or visit its Web site at [ http://www.enovasystems.com ].