Monthly Archives: July 2012

UQM TECHNOLOGIES REPORTS FIRST QUARTER OPERATING RESULTS

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UQM TECHNOLOGIES, INC. (NYSE MKT: UQM), a developer of alternative energy technologies, announced today operating results for the quarter ended June 30, 2012. Total revenue was $2.4 million, an increase of 82% year-over-year versus $1.3 million for the first quarter of last year.  Net loss for the first quarter was $1.3 million, or $0.04 per common share, versus a net loss of $1.0 million, or $0.03 per common share, for the comparable period last year.

“First quarter revenue increased substantially reflecting strong growth in contract services revenue and a 64% increase in product revenue led by shipments to EVI and a major automotive OEM,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies.  “We are continuing to focus on a successful launch with CODA, expanding our worldwide presence, developing and launching advanced new products for our major markets and ensuring that we meet our customers’ needs for consistently high quality products.” Continue reading →

Audi A1 e-tron Powered by UQM PowerPhase® Electric Drive System Will Wear German Team Colors at London 2012 Summer Olympics

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During the London 2012 Summer Olympics, one of the vehicles people will see is an Audi A1 e-tron dressed in German colors and propelled by the efficient power of an UQM Technologies, Inc. (NYSE MKT: UQM) electric drive system.

Audi, a partner of the German Olympic Sports Confederation (DOSB) and the National Paralympic Committee Germany (DBS), presented the Olympic squad with an Audi A1 e-tron in German colors. The Audi A1 e-tron is an electric car with a range extender. The vehicle is electric drive system uses a UQM PowerPhase Select® 125 electric motor and controller. The A1 will be used as an exhibition car and to reinforce the shuttle service between the German House and the MS Deutschland cruise ship, which Audi will equip with a total of 60 vehicles. Continue reading →

KleenSpeed® Electric Race Car Sets New Record, Powered by UQM PowerPhase® Electric Propulsion System

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UQM Technologies, Inc. (NYSE MKT: UQM) congratulates KleenSpeed® Technologies on setting a new EV lap record at ReFuel 2012. This marks the fourth consecutive year the Kleenspeed team has set a new EV lap record at the event. The KleenSpeed EV-X11 electric race car is powered by a UQM PowerPhase Select® 145 electric motor and controller system. ReFuel 2012 is the 4th annual clean power motorsports event for electric vehicles.

“The KleenSpeed team continues to demonstrate the performance of electric vehicles and advantages of our PowerPhase electric drive systems, providing exceptional power and efficiency with minimal weight,” said Eric Ridenour, UQM Technologies’ President and Chief Executive Officer. “We congratulate the team on their continued success on the track, as well as the awareness they are bringing to electric vehicle technologies.” Continue reading →