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Corporate Social Responsibility
News
4.08.2002 ET
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CSR News from:
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Enova Systems, Inc.
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News Category:
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Breakthrough Enova Technology Featured in New Ford Fuel Cell Car; Enova Component Unveiled at Prestigious New York Auto Show
(CSRwire) TORRANCE, Calif - Enova Systems, Torrance, California (OTCBB:ENVA),
announced today that their latest cutting edge Hybrid Power Converter
"HPC" is a key component of the Ford Motor Company's (NYSE:F) newest zero
emission fuel cell vehicle, the Ford Focus FCV.
This vehicle was unveiled at the prestigious New York International Auto
Show last week.
The unveiling of the Enova component -- deemed a "mission critical
application" by Enova -- is the latest milestone in an ongoing strategic
relationship between the Torrance-based energy technology company and the
global automaker.
It represents successful fulfillment of the initial phase of the contract
between Enova and Ford TH!NK Technologies for development and manufacture
of the high power, high voltage conversion module for the Focus FCV.
The HPC 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.
Ford reported that the Focus FCV will be powered by a combination of
electric and hydrogen fuel cell technology. The FCV also includes a
300-volt Sanyo battery pack, a brake-by-wire hydraulic regenerative
braking system and a hydrogen storage tank. The vehicle's fuel cell is a
Ballard Mark 902 system. Ford officials said the vehicle can achieve a top
speed of about 80 miles per hour, with a driving range of between 160 and
200 miles. According to Ford, a total of five Focus FCVs will be produced
for testing and demonstration this year, with initial production expected
to commence in 2004.
Enova's HPC program with Ford will continue through 2004, providing Ford
with 150 units or more for test and evaluation. Enova currently
anticipates revenues in excess of $2 million over the life of the initial
program.
Carl Perry, Enova's President and CEO, stated, "Our continuing alliance
with Ford Motor Company is a mainstay in Enova's global strategy to
increase awareness of our company's leading edge technologies in mobile
and stationary digital power management and conversion. We believe the HPC
is a versatile component which can be adapted for both automotive and
distributed generation applications. Enova is proud to be a supplier to
Ford for this ground breaking vehicle, which will increase fuel efficiency
and reduce emissions."
About Enova Systems
Enova Systems, with headquarters in Torrance, California, and offices in
Hawaii and South Korea, is a leading designer, developer, and manufacturer
of power management and conversion systems for the global mobile and
stationary alternative energy market. The company's technology and
products in power conversion, energy management, and system integration
enable Enova Systems to integrate a wide range of power sources, including
advanced batteries, fuel cells, and turbine generators, in these power
applications. The Company's product lines include the Panther(TM)
propulsion systems ranging from 10kW to 240kW, DC-DC supplies for low
voltage accessories, and power management systems for batteries, fuel
cells, turbines and other components. Enova's propulsion systems and
components are used in OEM vehicles from Hyundai Motor Company and Ford
and are supplied to Ballard for use in the Ford TH!NK city vehicle. Enova
also develops and manufactures propulsion systems for transit buses and
airport trams. For more product details and other news see the Enova
website at www.enovasystems.com.
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 are detailed from time to time in Enova Systems' filings
with the Securities and Exchange Commission under the name Enova Systems,
Inc.
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