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Author Topic: STRONG BUY 0.15 - ENOVA SYSTEMS - FUEL CELLS - NEW PR!!! FORD MOTOR
gpmac
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This one has made a strong move this week. Might want to take a look....

Enova Systems Delivering Production Power Components to Ford for Fuel Cell Hybrid Focus FCV

February 25, 2004 06:00:00 (ET)


TORRANCE, Calif., Feb 25, 2004 (BUSINESS WIRE) -- Enova Systems (ENVA, Trade), Torrance, California, a developer and manufacturer of electric, hybrid and fuel cell digital power management systems, announced today that it has received a purchase order and will commence delivery of production high voltage power conversion systems (HPC) for the Ford Motor Company's (F, Trade) Focus FCV, a hydrogen powered fuel cell vehicle.

Enova's bi-directional high voltage power converter is a critical component of the fuel cell power system, converting and regulating high voltage power to lower voltages for use in mobile and stationary fuel cell systems. For the Ford Focus FCV, Enova's module transfers power between the fuel cell, the drive system and the battery and assists in energy recovery during regenerative braking. The source of propulsion power is therefore transparent to the driver, allowing him to concentrate on normal vehicle operation.

Since its introduction, Enova has utilized the high voltage power converter in many other fuel cell configurations including applications for Hyundai Motor Company and the U.S. Air Force's fuel cell bus at Hickam Air Base. Enova intends to market the high voltage power converter in other mobile and stationary power applications in the future.

"We believe the high voltage power converter has great potential for fuel cell vehicles and stationary applications," stated Carl D. Perry, president and CEO. "As these fuel cell powered applications become more prevalent, Enova's high voltage power converter and our other digital power management components will provide a vital link between the fuel cell and the end-user to provide seamless operation and maximum efficiency. This production programs with Ford adds great value to Enova from both an engineering and quality perspective and we look forward to our continued teaming with them in the future."

This news release contains forward-looking statements relating to Enova Systems and its products. These forward-looking statements are subject to and qualified by certain risks and uncertainties. Such statements do not imply the future success of the Company or its products. These risks and uncertainties and other risks are detailed from time to time in Enova Systems' periodic filings with the Securities and Exchange Commission under the name Enova Systems, Inc., including but not limited to Enova's annual report on Form 10-K for the year ended December 31, 2002. Enova assumes no duty to update these statements.

SOURCE: Enova Systems


Enova Systems
For Marketing and Sales Information:
Edward Moore, 310-527-2800 ext. 114
edmoore@enovasystems.com
or
For Investor Relations:
Larry Lombard, 310-527-2800 ext. 103
llombard@enovasystems.com

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Posts: 71 | From: Nashville, TN, USA | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
   

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