Enova To Supply Navistar Under DOE Award
May 14, 2009 (FinancialWire) — Enova Systems, Inc. (AMEX: ENA) (Current Market Cap: US$17.72 Mil.), a developer of electric, hybrid and fuel cell digital power management systems, said it will be the supplier to Navistar’s IC bus division for the U.S. Department of Energy’s plug-in hybrid electric vehicle technology program.
Under the program Navistar, with Enova, will develop and deploy 60 plug-in electric hybrid buses to fleets in the U.S. during the program.
In the proposed project, Enova will work to further develop the plug-in hybrid bus into a vehicle capable of all-electric drive for extended periods. This proposed vehicle will have engine-off driving capability, allowing it to travel on electricity only.
Torrance, California-based Enova Systems is a supplier of 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.
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