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Hyundai, Enova and Capstone to Develop Turbine Hybrid Electric Vehicle

18 October 2000

Hyundai Motor Co., Enova Systems and Capstone to Develop Turbine Hybrid Electric Vehicle

    TORRANCE, Calif.--Oct. 18, 2000--Enova Systems (OTCBB:ENVA) today announced that it has teamed with Hyundai Motor Co. of Korea and Capstone Turbine Corp. to develop and integrate a series hybrid electric drive system which utilizes Capstone's microturbine.
    Hyundai, in conjunction with Enova Systems, will develop the drive system and controlling systems while Capstone, based in Woodland Hills, Calif., will provide the gas-fueled turbines. Hyundai will also provide the vehicle systems other than the drive system.
    The first prototype hybrid model will be produced in the first half of year 2001. Hyundai will install the hybrid drive system in its Santa Fe sport-utility vehicle (SUV) for testing and evaluation. Hyundai stated in its press release that "the application will then be expanded to Hyundai's commercial vehicles in 2002."
    "This teaming represents another achievement in Enova's strategic plan to ally itself with the foremost companies in the alternative fuel industry. The powerful combination of Hyundai's strength and expertise in the automotive area, Capstone's leadership in microturbine technology and Enova's drive system technology will enable us to significantly expand our customer base," stated Carl Dean Perry, president and CEO of Enova Systems. "Hybrid electric drive systems are a force in providing lower emissions and higher fuel efficiency for consumer."