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), 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, 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, 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, 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) 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 →
UQM Technologies, Inc. (NYSE MKT: UQM) President and Chief Executive Officer, Eric R. Ridenour, will present at the 15th Annual Needham Growth Conference at 4:50 p.m. EST on Wednesday, January 16, 2013.
The event will take place from Tuesday, January 15, through Thursday, January 17, 2013, at The New York Palace Hotel in New York City. A copy of the presentation will be available on the company’s website at www.uqm.com on the day of the conference. Needham & Company’s 15th Annual Growth Conference, a by-invitation-only event, gives institutional investors, private equity firms and venture capitalists access to 350 growth companies from a broad range of industries, including Clean Technology, Communications, Consumer, Enterprise Infrastructure, Healthcare, Internet & Digital Media, Semiconductors & Semiconductor Equipment and Software & Services sectors. Continue reading →
EfficientDrivetrains, Inc. (EDI) has selected theUQM Technologies, Inc. (NYSE MKT: UQM) PowerPhase® system as the electric drive in its newly-developed Parallel-Series-Electric powertrain system. Development and initial testing of the platform has been completed, and EDI is currently in contract discussions with multiple truck manufacturers and a bus manufacturer to use the system.
“This platform demonstrates the viability of our PowerPhase systems in hybrid applications as well as in all-electric vehicles,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “The EDI powertrain is a unique approach to electrifying vehicles, and our range of electric motors and controllers adds to the scalability of the system.” Continue reading →
UQM Technologies, Inc. (NYSE MKT: UQM) announced today that it has made a significant breakthrough in the development of non-rare-earth magnet electric motor design as part of the work being done under the Department of Energy (DOE) Advanced Research and Development Grant.
“Leveraging our expertise in electric motor design, we’ve developed an electromagnetic design that produces competitive power-density and efficiency with non-rare-earth magnets,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “This is great progress toward our objective of identifying magnet materials and technology that can deliver the performance our customers expect while limiting our exposure to price and supply concerns associated with rare earth magnets.” Continue reading →
UQM Technologies, Inc. (NYSE MKT: UQM) announces that its PowerPhase® electric propulsion system powered the Ecotricity Nemesis all-electric vehicle to a new UK land speed record of 151 m.p.h.
“The Nemesis’ land speed record is further indication that UQM PowerPhase systems produce exceptional power, torque and speed,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “Electric vehicles powered by UQM products continue to push the boundaries of expectations and performance.” Continue reading →