This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Remy International, Inc. Signs Long-Term Agreement With Enova Systems, Inc.

Stocks in this article: ENAENVENVS

PENDLETON, Ind., March 7, 2012 /PRNewswire/ -- Remy International, Inc., North America's largest independent manufacturer of advanced electric propulsion motors, and Enova Systems, Inc. (NYSE: ENA and AIM: ENV and ENVS) have signed a long-term electric motor supply agreement. Under the five year agreement, Remy will provide its patented Remy electric motors to Enova for its all-electric drive systems.

Enova technologies is helping the world's commercial vehicle manufacturers and their fleet customers ease the transition to green transportation with complete drive system solutions that are easy to install and integrate. With more than 2,500 drive systems sold, deployed and integrated, Enova's clean electric and hybrid electric vehicle technologies are powering fleets around the globe.

"We chose Remy's electric motors for their proven durability and power density. With Enova's reputation for reliability, Remy is a perfect partner," said Mike Staran, CEO and President for Enova. "Remy has a strong and deep legacy of superior engineering and quality. The foundation of our success is to partner with companies whose innovative solutions set the standard for greater performance and less dependence on fossil fuels."

Remy International CEO John Weber said, "Remy's HVH motors will be a strong addition to Enova's excellent power systems.  We are excited to grow with Enova as they continue to drive fuel efficiency and reduce or eliminate tailpipe emissions."

Remy's patented High Voltage Hairpin (HVH) technology's world-class torque and power density deliver added speed and range to electric vehicles.  Companies like GM, Daimler, Allison Transmission, and AMP Electric Vehicles have chosen the Remy HVH electric motor for its superior power density, efficiency and reliability. 

Today, there are more than 90,000 customer-validated Remy motors on the road. With over two billion kilometers of proven reliability, Remy's compact HVH electric propulsion motors are power-dense, lab tested and road proven. 

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs