Contact: John Baldiserra
BPC Financial Marketing
800-368-1217
For Immediate Release or
Donald A. French
UQM Technologies, Inc.
303-682-4918
UQM Technologies PowerPhase Electric Propulsion Systems Will Drive
100 UPS Delivery Vehicles Being Built by Electric Vehicles International
• The all-electric UPS delivery vans will be powered by UQM PowerPhase® HD Select 200 systems
• This order adds to UQM propulsion systems previously delivered and integrated into EVI
medium-duty trucks and walk-in vans under UQM's supply agreement with EVI
• UQM PowerPhase systems are being built now for the project and vehicles are expected to start service in California in early 2012
LONGMONT, COLORADO, January 3, 2012 - UQM Technologies, Inc.
(NYSE Amex: UQM) has received an order for 100 additional
PowerPhase® HD Select 200 systems from Electric
Vehicles International (EVI) that will drive all-electric UPS
delivery vans built by EVI. This purchase is in addition to
systems previously delivered and integrated into EVI
medium-duty trucks and walk-in vans.
"We're very pleased that UPS has selected the all-electric
EVI delivery van for the expansion of its all-electric
delivery van fleet program," said Eric Ridenour, UQM
Technologies President and Chief Executive Officer. "The
expansion of our business with EVI into UPS vehicles
represents a significant deployment of our higher power
propulsion systems in the medium-duty commercial truck market
and will drive revenue growth in this important segment."
According to UPS, it will deploy these 100 all-electric
vehicles in California early in 2012, replacing older
generation diesel trucks in the largest single deployment of
zero tailpipe emission delivery vehicles in the state. UPS
estimates that the use of these vehicles will displace
126,000 gallons of fuel a year that would have been burned
running diesel trucks.
UQM TECHNOLOGIES, INC. 4120 SPECIALTY PLACE, LONGMONT, COLORADO 80504 (303) 682-4900 FAX (303) 682-4901
"We are building PowerPhase HD Select 200 systems for these
vehicles now and will deliver our first shipment to EVI this
quarter," said Ridenour.
The UQM PowerPhase HD Select 200 system includes a 200 kW
(268 horsepower)/900
N-m (664 ft-lbs) electric motor/generator and controller. The
PowerPhase HD series is designed specifically for use in
commercial vehicles. UQM electric propulsion systems are used
in a variety of segments from motorcycles, cars trucks and
buses, and most recently in marine applications.
About UQM Technologies, Inc.
UQM Technologies is a developer and manufacturer of
power-dense, high-efficiency electric motors, generators and
power electronic controllers for the automotive, aerospace,
military and industrial markets. A major emphasis for UQM is
developing products for the alternative-energy technologies
sector, including propulsion systems for electric, hybrid
electric, plug-in hybrid electric and fuel cell electric
vehicles, under-the- hood power accessories and other vehicle
auxiliaries. UQM headquarters, engineering, product
development center and manufacturing operation are located in
Longmont, Colorado. For more information, please visit www.uqm.com.
About EVI
EVI is a pioneer in alternative energy vehicle development,
manufacturing and deployment, with over 20 years of success
optimizing alternative energy powertrains. EVI vehicles are
manufactured with the most efficient powertrains and the
safest, longest- lasting batteries, seamlessly integrated
into tough American-built chassis relied upon by fleet
operators throughout the nation and the world. For more
information, please visit www.evi-usa.com.
This Release contains statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this Release and include statements regarding our plans, beliefs or current expectations, including those plans, beliefs and expectations of our officers and directors with respect to, among other things, orders to be received under our supply agreement with Electric Vehicles International, our ability to successfully expand our manufacturing facilities, and the continued growth of the electric- powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-Q filed October 27, 2011, which is available through our website at www.uqm.comor at www.sec.gov.
UQM TECHNOLOGIES, INC. 4120 SPECIALTY PLACE, LONGMONT, COLORADO 80504 (303) 682-4900 FAX (303) 682-4901
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