TORRANCE, Calif.--(BUSINESS WIRE)--Enova Systems, 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.

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 nation’s 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 12 Ton 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.