- Key customers selected for pilot
program include Hybrid Kinetic Group in Hong Kong, Wuzhoulong
Motors and Yangtse Bus through ITL in China, and ADOMANI in the
U.S. market.
- Applications for early PowerPhase®DT
adoption include transit buses and school buses.
- Initial pilot program underway through
fall of 2016.
- Production systems available in early
2017.
(NYSE MKT: UQM) – UQM Technologies (UQM) has secured
global commercial customers as early adopters of its full
drivetrain solution, the PowerPhase®DT. These early adopters
include Hybrid Kinetic Group, Wuzhoulong Motors and ITL for a
Yangtse full-size bus in China and ADOMANI in the U.S. These
customers will work in close collaboration with UQM, and suppliers
Pi Innovo and Eaton, to develop heavy-duty commercial and transit
all-electric vehicles, enabling them to rapidly deploy vehicles to
market. The PowerPhase®DT will be delivered to early adopters this
fall for pilot program deployment.
The UQM drivetrain in the PowerPhase®DT provides a greater speed
and torque range than direct drive systems, allowing smaller
electric motors to drive large vehicles. The new system also allows
for improved packaging, greater efficiency, greater payload
capacity and lower cost when compared with direct drive or
single-speed drivetrain strategies.
“These key customers represent strategic markets, which will
increase speed to market for this drivetrain,” said Joe Mitchell,
President and CEO of UQM. “After extensively vetting many
interested parties, UQM has selected these partners. They have all
expressed a sincere desire to work with us on the initial launch,
understand the advantages of the UQM PowerPhase®DT system and
provide the market potential for significant volume utilizing this
product solution. This is the ideal drivetrain solution for
electric and range-extended commercial vehicles.”
PowerPhase®DT uses UQM’s current PowerPhase® HD220/HD250 motor
and inverter system, Eaton’s two-speed transmission and Pi Innovo’s
transmission control unit, creating a fully electric drivetrain
system. This allows customers in the medium- and heavy-duty EV
commercial markets to achieve increased performance in areas of
gradability, acceleration and efficiency. The system also addresses
the need for full transmission EV systems, as enhanced performance
and efficiency requirements are mandated by customer drive cycles,
battery costs and stringent environmental regulations.
As battery costs rapidly decrease, heavy-duty commercial and
transit markets see the economic potential of electric drive
vehicles compared to large diesel engines and multispeed
transmissions. Fuel savings of pure electric vehicles (21 mpg
equivalent) compared with traditional diesel (4 mpg) and hybrid
systems (6 mpg) is enough to quickly recover the investment in an
electric drive.
About UQM
UQM Technologies is a developer and manufacturer of power-dense,
high-efficiency electric motors, generators, power electronic
controllers and fuel cell compressors for the commercial truck,
bus, automotive, marine, military and industrial markets. A major
emphasis for UQM is developing propulsion systems for electric,
hybrid electric, plug-in hybrid electric and fuel cell electric
vehicles. UQM is TS 16949 and ISO 14001 certified and located in
Longmont, Colorado. For more information, please visit
www.uqm.com.
About Hybrid Kinetic Group Ltd.
Hybrid Kinetic Group Ltd. is a HKSE listed company (stock code:
01188), with its headquarters in Hong Kong and multiple subsidiary
institutions throughout the world. Major businesses of HK Group
that receive the most public attention include the development,
manufacturing and marketing of new energy vehicles and their key
components comprising energy battery, electric motor and electric
control system. HK Group carries out the philosophy of our Chairman
of the Board, Dr. Yeung Yung, advocating "technology leadership,
phased development and combination of vehicles and financial
innovation”. HK Group aims to bring revolutionary changes to the
automotive industry and its marketing mode.
About Shenzhen Wuzhoulong Motors Co., Ltd.
Shenzhen Wuzhoulong Motors Group is a high-tech enterprise
specializing in the manufacturing and exporting of different series
buses and coaches, especially environment-friendly buses. With its
headquarters in Shenzhen, Wuzhoulong has 3 branches, respectively
in Chongqing, Shenyang and Guangdong Jieyang, totally covering 1.1
million square meters, employing 5,000 employees and enjoying an
annual production capacity of 30,000 units. Characterized with
Wuzhoulong new energy buses as its main products, Wuzhoulong has
developed more than 150 varieties of products covering all bus
fields, such as hybrid buses, pure electric buses, new energy
buses, diesel buses and coaches. Its sales not only covers 20
provinces and cities in China, including Hong Kong, Macau, but also
overseas districts and markets, such as America, Latin America, the
Middle-east, and Africa, numbering over 40 countries.
About ADOMANI, Inc.
California-based ADOMANI, Inc. provides school bus and medium-
to heavy-duty commercial fleet operators with replacement
drivetrains and new purpose built zero-emission vehicles. ADOMANI
brings together proven electric drivetrain technology, customized
products, and trusted service partners to cut total cost of
ownership, boost vehicle reliability, and unlock the many benefits
of green technology. For more information,
visit www.adomanielectric.com.
About ITL
ITL is an independent e-drive system supplier to the entire
China market. Beyond the UQM supplied propulsion systems, ITL is
responsible for the supply of transmissions, vehicle control units
(VCU’s), DC/DC converters and other related components along with
vehicle system integration, application and certification
support.
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 management with respect to, among other things, gaining
required certifications, new product developments, future orders to
be received from our customers, sales of products from inventory,
future financial results, liquidity, 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-K and Form
10-Q’s, which are available through our website at www.uqm.com or
at www.sec.gov.
Source: UQM Technologies, Inc.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160901005341/en/
UQM Technologies, Inc.David Rosenthal,
303-682-4900orEnergyTech InvestorShawn Severson,
415-233-2094
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