Result of Annual Meeting of Shareholders (0100V)
January 04 2012 - 11:42AM
UK Regulatory
TIDMENV TIDMENVS
RNS Number : 0100V
Enova Systems, Inc.
04 January 2012
4 January 2012
Enova Systems, Inc. ("Enova" or the "Company") Result of Annual
Meeting of Shareholders and Completion of Fundraise
Enova is pleased to announce that further to the announcement
made on 20 December 2011, all resolutions at the Annual Meeting of
Shareholders held on 30 December 2011 were passed. The Company has
raised $1,687,500 and an application to AIM has been made in
respect of 11,250,000 common shares of nil par value (the
"Shares"). It is expected that the Shares will be admitted to AIM
on or after Monday 9 January 2012.
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. For further information:
Enova Systems, Inc +1 310 527 2800 Mike Staran, President and
Chief Executive Officer John Micek, Chief Financial Officer
Daniel Stewart +44 (0)20 7776 6550 Paul Shackleton/Jamie
Barklem
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, 2010 and Form 10-Q for the quarterly
period ending September 30, 2011.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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