Enova Announces Expected Earnings for the Third Quarter of 2009

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Fri Oct 30, 2009 9:22am EDT

$2.89M in Sales Revenue; 12.3% Gross Margin
TORRANCE, Calif.--(Business Wire)--
Enova Systems, Inc. (NYSE AMEX: ENA) (AIM: ENV) (AIM: ENVS), a production
company in the emerging alternative energy industry and a leading developer of
proprietary electric, hybrid and fuel cell digital power management systems,
today announced expected net sales and gross margin for the third quarter of
2009. 

Enova expects to post third quarter 2009 net sales of approximately $2.89
million with a gross margin of approximately 12.3%. Comparatively, in the third
quarter of 2008, Enova recorded net sales of approximately $160 thousand with a
negative gross margin of approximately -57.1%. 

Enova President and CEO Mike Staran commented, "The delivery of 229 systems in
the third quarter of 2009 validates Enova`s position of market leadership. The
associated financial results underscore the capability of Enova to generate a
sustainable product margin as the first step on the path to profitability." 

Enova continues its growth with its core customers. The company looks to ramp up
capacity and resources with the expected customer demands. Organizationally, the
company has begun to strengthen its technical resources and has local resources
in China to support its customers. 

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 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. 

Additional 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. 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 for the year ended December 31,
2008.

Enova Systems, Inc.
Jarett Fenton CFO/Investor Relations
310-527-2800 



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