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 26-29 th.
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.
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