Enova Systems, Inc. - Trading Statement

RNS Number:7639L
Enova Systems, Inc.
14 January 2008

Enova Announces Shipment Summary for 2007

TORRANCE, CA, Jan 15, 2008 - Enova Systems, (AMEX: ENA and AIM: ENV and ENVS),
an early stage production company at the forefront of development and production
of proprietary electric, hybrid and fuel cell digital power management systems,
today announced that it expects to report shipments exceeded 375 electric drive
systems for hybrid and/or electric vehicles in the 2007 calendar year,
representing $8.7 million in billings.

The increased shipment volume represents a ten-fold increase in delivery from
2006. The increased volume is due to major orders from Tanfield's Smith Electric
Vehicles (United Kingdom), IC Corporation (North America), First Auto Works
(China), Think Global (Norway), Hyundai (Korea) and a select few North American
Fleet Operators such as Verizon.

Mike Staran, Enova's President and CEO, said "We are now positioned as a global
supplier of drive systems for electric and hybrid electric applications. We
believe our 2007 deliveries and our customer relationships reflect that the
market is growing and that we are on the forefront of this growth curve."

Enova has experienced strong growth and expects to further its penetration into
world markets. Additionally, Enova is targeting improved gross margins for the
coming year. Enova will continue to utilize its competitive advantages,
including unique technologies and customer alliances, as it pursues greater
market share. In a concerted effort to develop a global initiative, Enova will
aggressively focus efforts on developing an initiative to work with strategic
partners in providing worldwide supply, integration and service of their
electric and hybrid drive systems. Management believes Enova's strategy gained
traction throughout 2007 and resulted in growing worldwide exposure, acceptance
and support for Enova's products.

ENOVA SYSTEMS, Inc.
19850 South Magellan Drive
Torrance, CA 90502
310-527-2800
Contact: Jarett Fenton, Chief Financial Officer/Investor Relations

Amira Bardichev, Global Equity IR, UK Investor Relations
+44-7956206270

Key highlights of 2007 are as follows:

-Enova increased its resources by nearly 50% during 2007. The increase was due
to direct strengthening of Enova's Supply Chain Management, Quality, Software
and Engineering Departments.

-Enova has matured optional sources for the ability to dual source all critical
components.

-Enova has also implemented local commercial and technical expertise and
physical presence in the United Kingdom and Asia.

- International Truck and Engine (IC Corp), the nation's largest School Bus
manufacturer, has partnered with Enova to supply the nations 1st production
Hybrid School Buses. IC Corp currently maintains 60% of the School Bus market.
In addition to School Buses, IC Corp is teaming with Enova, as early adopters,
to supply production hybrid buses to the Commercial Bus Market. Enova and IC
recently broadened their penetration into Canada and Mexico.

- WrightBus, the largest low-floor and Double Deck bus manufacturer in the
United Kingdom, has taken delivery of our series hybrid diesel genset and
integrated them into its production medium and large bus applications. Twelve
of these systems are now running seven days a week 18 hours a day in London
England.

- Tanfield, the World's largest Electric vehicle Manufacturer, has signed an
exclusive arrangement with Enova. Enova has supplied in excess of 300 electric
drive systems for all of Tanfield's 3.5, 7.5 and 12Ton vehicles.

- Enova entered into a partnership with a major Asia based OEM to integrate and
test its unique proprietary Post Transmission Parallel Hybrid system.

-First Auto Works, China's largest vehicle manufacturer has partnered with
Enova whereas Enova will supply its pre transmission hybrid system for bus
applications. Enova has recently been awarded an order for 20 systems.

- Electric Vehicle OEM Th!nk Global, has utilized Enova as a supplier of
Enova's proprietary Power Control Unit.

- Fleet Operators, like Verizon have taken receipt of fifteen (15) service vans
incorporating Enova's technology. Verizon is the nation's 2nd largest Fleet
Operator with 58,000 vehicles. In addition to Verizon, Enova has begun
development work, and has vehicles in service, with other large fleet operators
in both the service van and pick up and delivery sectors.

Non-GAAP Financial Measures

This press release refers to billings, which is not a numerical measure that can
be calculated in accordance with Generally Accepted Accounting Principles
(GAAP). Billings represent the full amount of contracts billed by the company to
customers during the period and therefore provide a measure of the company's
sales activities. Management believes that this non-GAAP financial measure
provides meaningful supplemental information regarding performance that enhances
management's and investors' ability to evaluate the company's operating results
and to compare current operating results with historic operating results. A
reconciliation of the company's GAAP and non-GAAP results for the fourth quarter
and 2007 will be provided when final financial statements are issued in March
2008.

Cautionary Statement on Forward-Looking 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, including expectations for total
2007 billings. These forward-looking statements are subject to and qualified by
certain risks and uncertainties, including the fact that Enova has not completed
all of the financial procedures relating to the closing of the fourth quarter
and 2007 final results may differ from the preliminary results now available to
Enova and the risk that the results of 2007 may not be indicative of future
results. These and other risks and uncertainties are detailed 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,
2006.

About Enova:

Enova Systems 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 its
Web site at http://www.enovasystems.com.

This information is provided by RNS
The company news service from the London Stock Exchange
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