UQM Technologies Receives Follow-on Order from DANNAR for Mobile Power Station Utility Vehicle (MPS) Powered by UQM Electric ...
January 12 2018 - 8:30AM
Business Wire
- UQM will ship HD 950T electric
propulsion systems from this order to DANNAR in early 2018.
- DANNAR announced key partnerships at
the Public Works Expo in 2017, where they showcased the vehicle and
the tier-one suppliers, including UQM (traction e-drive system),
BMW i3 (battery packs), Parker Hannifin (mobile hydraulic system),
and Cummins (optional tier 4 generator).
- The DANNAR Mobile Power Station® (MPS)
is a revolutionary, multi-purpose vehicle, the first in a “new”
class of electric work machines.
- The MPS provides powerful versatility
to work year-round in all areas of rapid response to emergency and
disaster response situations, infrastructure maintenance, and
supplemental off-grid power when needed.
UQM Technologies, Inc. (NYSE American: UQM) today
announced a follow-on order from Muncie, Indiana-based DD DANNAR,
LLC (“DANNAR”). UQM will ship HD 950T electric propulsion systems
from this order to DANNAR in early 2018. DANNAR has introduced its
Mobile Power Station® (MPS), a heavy-duty EV designed for
infrastructure maintenance and disaster response, powered by UQM’s
heavy-duty e-drive system. Due to increased exposure from the
DANNAR unveiling in 2017 and the key suppliers of UQM, Cummins and
BMW, DANNAR is solidly positioned to meet its 2018 production
demands.
This innovative vehicle will provide clean and quiet energy for
single-day or multiple-day work requirements. Its two-way charger
and inverter allows for emergency export power from the battery
system to support buildings and neighborhoods in time of crisis. It
is outfitted with a hydraulic tool and attachment system and
optional DANNAR work arms that can be equipped with any CAT® or
Bobcat® attachments. It can be outfitted with multiple seasonal
configurations, making it more cost-effective to operate, while
providing more work value than traditional diesel equipment such as
tractors, skid steers, and wheel loaders.
UQM CEO Joseph Mitchell said, “For general utility use or use in
an emergency where power backup is needed, and we see this DANNAR
vehicle as best-in-class technology. We are glad to be starting
2018 with a follow-on order from DANNAR for their next stage of
production.”
“UQM’s leading power density and e-drive technology pairs
perfectly with our other industry leading partners, and has helped
create this extraordinary vehicle,” said Gary Dannar, founder and
CEO of DANNAR.
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.
About DANNAR
DD DANNAR, LLC, is an OEM manufacturer of a purpose-built,
off-road electric vehicle and energy platform for large equipment
fleets supporting infrastructure. Located in Muncie, Indiana, and
San Clemente, California, DANNAR is committed to providing
disciplined innovation with honor-built manufacturing to produce a
new class of electric work vehicles. More information on DANNAR and
the Mobile Power Station® can be found on the company’s website at
www.dannar.us.com, www.mobilepowerstation.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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version on businesswire.com: http://www.businesswire.com/news/home/20180112005152/en/
EnergyTech Investors, LLCShawn Severson,
415-233-7094orUQM Technologies, Inc.David
Rosenthal, 303-682-4900
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