UQM Technologies, Inc. (NYSE MKT: UQM) is introducing a new system in its growing line of production-ready, automotive-validated electric propulsion systems for vehicles. The new UQM PowerPhase HD® 950T provides 950 Nm of torque and is designed for heavier commercial trucks and buses that require higher torque. This is an additional offering to the PowerPhase HD 220 that we announced last year, giving customers choices of various levels of torque and horsepower to meet their requirements.
“Adding the PowerPhase HD 950T to our existing product line further expands our range of systems for commercial vehicles, from small delivery vehicles through city buses,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “We have grown commercial vehicle systems as a significant part of our business, in addition to passenger vehicles, to meet the needs of our increasingly diversified customer base.” Continue reading →
UQM Technologies, Inc. (NYSE MKT: UQM) and Proterra, Inc. have reached a long-term supply agreement that expands their business together and continues the role of UQM as the exclusive supplier of electric propulsion systems to the maker of battery-electric buses. Under the new agreement, Proterra will purchase the recently released UQM PowerPhase HD® 220 electric propulsion system.
“We have had a great business relationship with Proterra since the company was founded, supplying over $1 million of electric propulsion systems to them for their battery-electric buses,” said Eric R. Ridenour, UQM Technologies President and Chief Executive Officer. “This new three-year agreement will build on that relationship, grow our volume with Proterra and provide an important customer for our newly introduced PowerPhase HD 220 product.” Continue reading →
UQM Technologies, Inc. (NYSE MKT: UQM) will display its newest product for vehicle electrification September 18-19, 2012, at the Hybrid, Electric and Advanced Truck Users Forum (HTUF) national conference and expo in Charlotte, NC. The PowerPhase HD® 220 is the most powerful electric motor that UQM has ever manufactured, and comes in a system with an all-new controller designed specifically for the commercial vehicle market. The PowerPhase Pro® electric propulsion system that is in volume production will also be part of the UQM display in booth number 401.
“We are excited to be part of the rapidly expanding commercial-vehicle electrification market and are currently powering Hino and Proterra electric buses, as well as Electric Vehicles International all-electric medium-duty trucks and walk-in delivery vans and Boulder EV delivery vans,” said Eric Ridenour, UQM Technologies President and Chief Executive Officer. “And we are likewise excited to show our all-new PowerPhase HD 220, designed specifically to meet the needs of commercial vehicle customers, at the HTUF event.” Continue reading →