(ENV) Enova Systems
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| Wed 08:44 | RNS |
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RNS Number : 0149X Enova Systems, Inc. 08 February 2012 ENOVA SYSTEMS, INC ("Enova" or "the Company")
Green for Free™ 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™ 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 7th and 8th, followed by an exhibition at Velocity Vehicle Group's Los Angeles Freightliner Truck Center in Fontana, CA, from February 13th to Feb 17th. Attendees will learn more about the Green for Free™ 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™ 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™ 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.
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.
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 More |
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| 31-01-12 | RNS |
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RNS Number : 4945W Enova Systems, Inc. 31 January 2012 31 January 2012
ENOVA SYSTEMS, INC.
("Enova" or "the Company")
TOTAL VOTING RIGHTS
The Company announces that as at 31 January 2012 the total number of nil par value shares of common stock in issue is 42,765,223 with each share carrying the right to one vote. In addition, the Company has 3,188,325 preferred shares of nil par value each in aggregate and which have combined voting rights of 82,988.
The Company has no shares of common stock held in treasury. The shares of common stock are admitted to trading on AIM. However, the preference shares are not admitted to trading on any regulated or prescribed market. The total of 42,765,223 nil par value shares of common stock may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine their holding of the Company's AIM securities.
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
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.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 30-01-12 | RNS |
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RNS Number : 3718W Enova Systems, Inc. 30 January 2012 ENOVA SYSTEMS, INC. TO ATTEND AND PRESENT AT
THE MERRIMAN CAPITAL INVESTOR SUMMIT 2012
TORRANCE, CA - January 30, 2012 - Enova Systems, Inc. (NYSE AMEX: ENA and AIM: ENV and ENVS)will attend and present at the Merriman Capital Inc. (OTCQX: MERR) Investor Summit 2012 on Wednesday, February 1st in New York City. Senior executives from more than 40 innovative, fast-growing U.S. and international companies will present and conduct one-on-one meetings with institutional investors.
The presenting companies represent industries that are growing faster than the overall economy, such as Materials Technology, Clean Energy, Technology and Telecommunications, and Resources, including Precious Metals, Critical Metals and Rare Earths Materials. There will also be a lunchtime keynote panel on investing in Emerging Markets with a focus on Africa.
Company presentations will be held in three tracks throughout the day. Enova Systems, Inc. will present at 9am EST on track two, Union Square Park, with an accompanying live webcast presentation. The webcast can be found at http://bit.ly/wBSmRu and will be archived for 90 days following the live presentation.
Additional detailed information on the conference can be found at http://bit.ly/xvTjwL.
About Enova Systems:
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.
Enova Systems, Inc. Torrance, CA 90501 Contact: John Micek, CFO/Investor Relations
About Merriman Capital:
Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. We also provide capital raising, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR) and is the leading investment banking firm for OTCQX companies. For more information, please go to http://www.merrimanco.com/.
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA)http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/contact.cfm.
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.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 27-01-12 | RNS |
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RNS Number : 2719W Enova Systems, Inc. 27 January 2012 ENOVA SYSTEMS, INC.
("Enova" or "the Company")
DIRECTOR RESIGNATION
London, 27 January 2012: Enova Systems, Inc. (AIM: ENV.L, NYSEAMEX: ENA.US) announces that Mr. Roy S. Roberts, Director, has resigned as a director of Enova Systems, Inc. for personal reasons. Mr. Roberts indicated that he was recently appointed to a full-time position as the Emergency Manager of the Detroit Public School System and believes that such position does not currently leave him sufficient time to participate as a Board member at the high level he believes is required.
Mike Staran, President and Chief Executive Officer said:
"The Board wishes to thank Mr. Roberts for his contribution to the Company and wishes him well in his future endeavours."
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
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.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 26-10-11 | ||||
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What has happened here? last I saw it was not going to be de-listed on AIM, however its appearing as though it does not trade??
The comapny appears to be doing ..OK in the US, but what has happened here ~ I have contacted ST to see if they can enlighten me but that's dubious anyway... Are there any other holders here? OV |
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| 25-08-11 | ||||
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Enova Systems (Market Watch) - http://www.stock-eye.co.uk/blog/4553789207/Enova-Systems-(Market-Watch)/56845
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| 17-02-11 | ||||
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I'm quite keen on investing here but the traffic on the forum and the spread of ENV in the UK market doesn't bode well for getting a good price. Perhaps buying through the US is better - but not sure I can with my broker.
Alas, tumbleweed! |
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| 17-02-11 | ||||
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What is the 18.75% drop for? Any clues/ideas/knowledge would be welcome.
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They have not been approved or issued by Interactive Investor Trading Limited.
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