Enova to Provide Power Control Units for Th!nk Electric Vehicles …

14 Июн 2014 | Author: | Комментарии к записи Enova to Provide Power Control Units for Th!nk Electric Vehicles … отключены
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Enova to Provide Power Control Units for Th!nk Electric Vehicles.

TORRANCE, Calif. — Enova Systems (AMEX AMEX

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ENV European Norm Voluntary ) (AIM:ENVS), an early stage production company in an emerging industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems, is pleased to announce that it has partnered with Norwegian-based Inspire group and its newly acquired investment Think Group to provide Power Control Units (PCU PCU — PCI Configuration Utility ) for the redesigned Th!nk Electric Vehicles. Enova’s PCU is a critical component of the vehicle’s power system, converting and regulating high voltage The term high voltage characterizes electrical circuits, in which the voltage used is the cause of particular safety concerns and insulation requirements. High voltage is used in electrical power distribution, in cathode ray tubes, to generate X-rays and particle beams, to power to lower voltages where and as required. Enova’s module transfers power throughout the drive system and the battery, and assists in energy recovery during regenerative re·gen·er·a·tive

adj.

1. Of, relating to, or marked by regeneration.

2. Tending to regenerate.

re·gen braking. The source of propulsion power is therefore transparent to the driver, allowing him to concentrate on normal vehicle operation.

The aim is to prepare for the production and introduction of the new TH!NK City model which Ford Motor Company and Think developed while Ford Motor Company owned Think.

Think Global and its subsidiary Think Technology in Oslo, Norway, is a world leading competence centre for design, development, assembly and licensing of modular environmental friendly vehicles and technology. The second generation TH!NK City vehicle is a completely new experience that combines award-winning design with comfort and convenience features that make it a pleasure to drive.

The vehicle is a unique product that was never fully produced by under Ford into a production market. A primary reason that Ford withdrew from producing the vehicles was that the battery technology had not evolved enough such that the range of the vehicle was compromised. The new investor group has access to new and advanced technology which will be further developed and utilized to improve the vehicle, with particular emphasis on performance and driving range.

The driving range is expected to be 180km, with a top speed of 100 — 110kph and a 0-50kph acceleration of seven (7) seconds.

Mike Staran, Enova’s Vice President of Sales and Marketing, said: Enova is very pleased that the Th!nk vehicle now has the technology to make it a viable production vehicle. We believe our technology will help support the vehicle’s rapid acceptance throughout the world.

The interest for environment friendly transport and products is growing strongly in particular for use in cities and urban areas, not least due to high energy prices and a growing concern about the effect of conventional transport on the environment. Think has products that address these issues and will serve this growing international market. Think is ready today and will succeed because we can draw on many years’ practical experience with earlier models, and in the partnership with Ford, who invested its professional, manufacturing and quality competence in the car, stated Mr.

Erik Skaarnes of Think’s business group.

About InSpire Group:

InSpire recently invested in the Norwegian electric car manufacturer Think. Think produced one of the largest fleets of electric vehicles in the world with the TH!NK city, launched in 1999. A new model is now under development and will be launched in Norway in 2007 and selected international markets in 2008.

Think’s mission is to create the most environmentally friendly Environmentally friendly . also referred to as nature friendly . is a term used to refer to goods and services considered to inflict minimal harm on the environment. [1] vehicles in the world in a commercially successful way. InSpire will help them achieve this goal by developing a radically modern business model for producing, sourcing, marketing servicing and financing a car that meets the demands of a 21st century business. More information about Think can be found on www.think.no.

Th!nk City

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 Distributed generation generates electricity from many small energy sources.

It has also been called also called on-site generation . dispersed generation . embedded generation . decentralized generation . decentralized energy or 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 ret·ro·fit

v. ret·ro·fit·ted or ret·ro·fit . ret·ro·fit·ting . ret·ro·fits

1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in vehicle sales market. For further information, contact Enova Systems directly, or visit its Web site at http://www.enovasystems.com.

Additional Information:

This news release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. relating to relating to relate prep #x2192; concernant

relating to relate prep #x2192; bezüglich +gen . mit Bezug auf +acc Enova Systems and its products that are intended to be covered by the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements provided by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.

Form 10-K

See 10-K. for the year ended December 31, 2005.

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