UQM Technologies Announces New Pilot Trial of PowerPhase® Electric Drivetrain System (DT) with European OEM Transit Bus Cust...
August 16 2017 - 8:30AM
Business Wire
- Shipment of the initial demonstration
systems will be in the fall of 2017. The European OEM is expected
to announce its launch plan after the conclusion of the
demonstration program.
- UQM now has pilots of its PowerPhase®DT
system in North America, South America, China and Europe.
- UQM has seen a noteworthy increase in
interest and growth in the electric transit bus market
globally.
UQM Technologies Inc. (NYSE MKT: UQM) announced today a
European OEM will conduct a pilot trial of its full electric
drivetrain solution, the PowerPhase®DT. The OEM will be running two
of the DT systems for evaluation with the long term goal of an
all-electric transit bus production program.
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 UQM electric
drivetrain system also allows for improved packaging, greater
efficiency, greater payload capacity and lower cost when compared
with direct drive or single-speed drivetrain strategies.
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 (>20 mpg
equivalent) compared with traditional diesel (4 mpg) and hybrid
systems (6 mpg) is enough to quickly recover the investment in an
electric drive.
“With recent announcements in Europe and other markets about
closing city centers to internal combustion and transitioning
towards EV, we see the transit bus market as a key element to this
important change,” said Joe Mitchell, President and CEO of UQM.
“After considerable success in the US market with our customer
Proterra, we are now bringing our technology to Europe with the
potential for volume production contracts. This is the clean,
quiet, efficient and affordable solution for electric and
range-extended electric buses.”
The UQM PowerPhase DT pairs any of UQM’s PowerPhase HD
propulsion systems with Eaton’s two-speed transmission and Pi
Innovo’s transmission control unit. All combined, this is a
bolt-on, fully electric drivetrain system. This turnkey approach
allows customers in the medium- and heavy-duty EV commercial
markets to achieve increased performance in areas of gradability,
acceleration and efficiency. The UQM drivetrain 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.
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, 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.
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.
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EnergyTech Investors, LLCShawn Severson,
415-233-7094orUQM Technologies, Inc.David Rosenthal,
303-682-4900
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