Enova To Provide Fuel Cell Components To Ford

Autoparts Report, Nov 18, 2001

Enova Systems said that it has entered into a strategic relationship with Ford Motor Co. to supply Ford's Th!nk brand with a high power, high voltage conversion module (HEC) for their upcoming fuel cell vehicle. Furthermore, under the terms of the strategic relationship, Ford will have the opportunity to own up to 4.6 percent of the outstanding common stock of Enova Systems, the company said.

The relationship will last for five years, Enova said, during which Ford will evaluate Enova for future programs.

The first of these programs will be the development of a power conversion device for use in an upcoming Ford Th!nk development program, it added.

The HEC module will convert high voltage power from the fuel cell into a lower voltage, according to Enova.

Th!nk Executive Director, John Wallace stated, "Ford believes Enova Systems to be a valuable team member in our company's development and commercialization of alternative fuel vehicles. Enova's unique solutions and technical expertise in the field of power conversion and management systems are an asset to Ford."

"Our company continues to prove its technology is at the forefront of the digital power management industry.

Relationships, such as this, are key to Enova's long-term strategic plan as a worldwide developer and manufacturer of components for mobile and stationary power systems. This is one more affirmation of Enova's expertise in power management and conversion systems. Our company has truly reached a milestone in adding Ford Motor Co. as both a customer and a business partner," said Enova's CEO and president, Carl Dean Perry.