Enova Reports Annual Results For 2007 Fiscal Year

Enova Systems announced that it has filed its 2007 Annual Report on Form 10-K.

Enova President and CEO Mike Staran commented, "We are excited about our results for the year. In 2007, Enova has demonstrated the increasing acceptance of our drive system in the full range of target production applications. I anticipate that 2008 will be a defining year for Enova."

In 2008, Enova expects additional growth with continued commitments from First Auto Works, IC Corp-Navistar, Wrightbus, and Tanfield, plus additional development work with Isuzu, Verizon, Cox, and other fleet operators.

Enova CFO, Jarett Fenton added, "In the fourth quarter of 2007, we began to transition from in-house manufacturing to supplier-based manufacturing. The improvement in gross margins in the fourth quarter is an early indication that these measures are proving effective. As we continue to mature suppliers and negotiate with our vendors, we expect this trend in gross margins to continue."