UQM TECHNOLOGIES, INC. (NYSE MKT:UQM), a developer of alternative energy technologies, today announced operating results for the quarter and fiscal year ended March 31, 2012. Revenue for the fiscal fourth quarter of 2012 grew 61 percent to $3.8 million compared to $2.3 million in the fourth quarter of 2011, due primarily to shipments to CODA. Net loss for the fourth quarter was $1.5 million or $0.04 per common share versus a net loss of $0.2 million or $0.01 per common share for the fourth quarter of fiscal 2011 due primarily to expanded production engineering activities. Continue reading
UQM Technologies, Inc. (NYSE Amex: UQM) welcomes Joseph Mitchell to the executive team as Vice President of Operations. Mr. Mitchell has over 25 years of experience in the automotive industry, with over 10 years in the development of electric powertrains and vehicle electrification.
“Mr. Mitchell has an impressive history of developing and leading manufacturing operations in our industry, including extensive experience with electric propulsion systems and hybrid drives,” said Eric R. Ridenour, UQM Technologies President and Chief Executive Officer. “We’re very pleased that he has joined our leadership team, and we believe that his skills and experience will speed our growth as a volume-production supplier of vehicle electrification systems.” Continue reading