Tag Archives: UQM

UQM Technologies Expands its Production-Ready Commercial Vehicle Product Lineup with the Introduction of the High-Torque PowerPhase HD® 950T System

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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 to Hold Conference Call Thursday May 23, 2013 at 4:30 P.M. Eastern Time

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UQM TECHNOLOGIES, INC. (NYSE MKT: UQM), a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers, will hold a conference call with members of the investment community on Thursday, May 23, 2013, at 4:30 p.m. Eastern Time. To participate in the call, dial 1-888-549-7880 approximately 10 minutes before the conference is scheduled to begin and provide conference ID code “4620332” to access the call. International callers should dial +1-480-629-9770.

Eric R. Ridenour, UQM Technologies’ President and Chief Executive Officer, Donald A. French, retiring Chief Financial Officer and David I. Rosenthal, the Company’s new Chief Financial Officer, will be reviewing the Company’s operating results for the quarter and fiscal year ended March 31, 2013. Continue reading →

UQM Technologies Appoints David I. Rosenthal Chief Financial Officer

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UQM Technologies, Inc. (NYSE MKT: UQM) announced today that it has appointed David I. Rosenthal as Treasurer and Chief Financial Officer.  Mr. Rosenthal has extensive finance and accounting experience in senior leadership roles across a variety of industries during his 30+ year career.

“We are excited to have such an experienced Chief Financial Officer join our leadership team,” said Eric R. Ridenour, UQM President and Chief Executive Officer. “His extensive background as a CFO for both publicly-traded and private-equity backed companies brings a wealth of financial expertise that should prove invaluable to UQM as we strive to take the company to the next level.” Continue reading →

UQM Technologies Receives Order to Refresh PowerPhase® Components in Denver RTD Hybrid Buses

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Denver-RTD-UQM-HybridUQM Technologies, Inc. (NYSE MKT: UQM) and the Denver Regional Transportation District (RTD) announced today that UQM will begin a refurbishment program on the generators and motor controllers used in the agency’s fleet of hybrid buses. The original units being refurbished far exceeded their expected life and this program will allow additional running time for the fleet of buses, which operate seven days a week in downtown Denver.

These 30 hybrid buses have covered more than a million miles in daily service since 2004. The buses use UQM PowerPhase Select® electric generators and controllers as part of the hybrid powertrain. Continue reading →

Audi Expands Testing of A1 e-tron with UQM Technologies PowerPhase® Electric Drive System

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UQM Technologies, Inc. (NYSE MKT: UQM) PowerPhase® systems provide the electric drive in the Audi A1 e-tron extended-range electric vehicles that will undergo additional  testing in 2013 in the NPE (National Platform of Electrification) in Germany.

The German Federal Ministry of Education and Research is promoting this program to demonstrate and further develop the viability of electric vehicles. Audi will participate in the regions of Bavaria/Saxony, Berlin-Brandenburg and Baden-Württemberg, addressing different focal topics in each area. Continue reading →

UQM Technologies and Proterra Complete New Three-year Electric Propulsion System Supply Agreement

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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 Announces Retirement of Treasurer and CFO Donald A. French

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UQM Technologies, Inc. (NYSE MKT: UQM), a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck, bus, marine and military markets, today announced that Treasurer and Chief Financial Officer Donald A. French, age 57, plans to retire on July 31, 2013.

“Don has made a number of important contributions to UQM over his long career. We greatly appreciate his contributions towards strengthening our financial position and growing our business.” said Eric R. Ridenour, UQM Technologies President and Chief Executive Officer. “Don will remain an active member of management until his retirement and also will assist in the search for a new Chief Financial Officer to allow an orderly transition of responsibilities.  We wish him all the best as he enters this new stage of his life.” Continue reading →

UQM Technologies Reports Fiscal Third Quarter Operating Results

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UQM TECHNOLOGIES, INC. (NYSE MKT: UQM), a developer of alternative energy technologies, today announced operating results for the fiscal third quarter ended December 31, 2012. Total revenue was $1.9 million, a decrease of 29% from $2.7 million for the same quarter last year. Net loss for the third quarter was $4.6 million, or $0.12 per common share, including a charge of $3.8 million or $0.10 per common share to establish an allowance for doubtful accounts for CODA receivables. This compares to a net loss of $0.8 million or $0.03 per common share for the same period last year. Net loss for the quarter, excluding the charge related to CODA, improved by 15 percent primarily due to lower production engineering expenditures, increased reimbursements under our DOE Grant and increased product shipments to customers other than CODA.

“Despite the lack of shipments to CODA this quarter and the need to take a charge to earnings, we demonstrated our ability to diversify our customer base by delivering a more than a 50% increase in revenues to customers outside of CODA.” said Eric R. Ridenour, UQM Technologies President and Chief Executive Officer. “During the quarter we continued to aggressively pursue discussions with potential customers globally, including in China, and took several steps to proactively lower our expenses and improve operating efficiencies to ensure that we have the financial and technical resources to pursue and execute the many opportunities that lay ahead with our various customers.” Continue reading →

UQM Technologies to Hold Conference Call Thursday January 31, 2013 at 4:30 P.M. Eastern Time

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UQM TECHNOLOGIES, INC. (NYSE MKT:UQM), a developer of alternative energy technologies, will hold a conference call with members of the investment community on Thursday, January 31, 2013, at 4:30 p.m. Eastern Time. To participate in the call dial 1-877-941-6009 approximately 10 minutes before the conference is scheduled to begin and provide conference ID code “4591697” to access the call. International callers should dial 1-480-629-9819.

Eric R. Ridenour, UQM Technologies President and Chief Executive Officer and Donald A. French, Treasurer and Chief Financial Officer, will be reviewing the Company’s operating results for the quarter and nine months ended December 31, 2012. Continue reading →

UQM Technologies Powers Innovative All-electric Outboard Motor for Boats Developed by ReGen Nautic

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UQM Technologies, Inc. (NYSE MKT: UQM) electric motors and controllers are at the heart of the new ReGen Nautic E180 all-electric outboard motor introduced this week at the Dusseldorf Boat Show. This is in addition to series-hybrid electric systems that ReGen Nautic has developed for yachts, trawlers, and sailboats over 50 feet using UQM® components.

“Working with ReGen Nautic, we continue to expand the marine applications for our electric propulsion products,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “Our systems are ideally suited for marine applications which require exceptional performance, whether used in all-electric or series-hybrid propulsion systems.” Continue reading →