UQM Technologies Propulsion Systems and Generators Drive Hybrid Electric Transit Buses Delivered to Los Angeles International Ai
January 19 2005 - 8:30AM
PR Newswire (US)
UQM Technologies Propulsion Systems and Generators Drive Hybrid
Electric Transit Buses Delivered to Los Angeles International
Airport Two Low Floor Transit Buses Manufactured by Hybrid Bus
Technologies, LLC, that Are Fueled by Clean Burning Compressed
Natural Gas, Will Be Placed in Service to Transport Passengers from
Remote Terminals to Main Terminals Within the Airport FREDERICK,
Colo., Jan. 19 /PRNewswire-FirstCall/ -- UQM TECHNOLOGIES, INC.
(AMEX:UQM), a developer of alternative energy technologies,
announced today that two low-floor, hybrid electric transit buses
manufactured by Hybrid Bus Technologies, LLC, Denver, Colorado,
that are fueled by clean burning natural gas, have been delivered
to Los Angeles International Airport ("LAX") and will be placed in
service to transport passengers within the airport. The hybrid
electric transit buses are each powered by two 100kW UQM(R)
propulsion systems and a 100kW UQM(R) generator. The hybrid
electric transit buses are an updated design of the 45-foot, low
floor bus that has been transporting 63,500 passengers daily across
the 1.3-mile long 16th Street pedestrian mall in Denver since 2000.
Los Angeles World Airports ("LAWA"), which owns and operates a
world-class system of four airports: LAX, Ontario International,
Palmdale Regional, and Van Nuys, is a world leader in the
deployment of environmentally friendly transportation systems for
airports including an alternative-fuel vehicle fleet totaling over
400 vehicles representing 50 percent of the airport's entire 800
vehicle fleet. LAX also operates natural gas fueling stations to
service its large alternative fuels vehicles. LAX recently opened
one of the nations first compressed-hydrogen fueling stations to
showcase the storage and dispensing of compressed-hydrogen fuel in
a retail-friendly environment. The hybrid electric transit buses
are powered by a compressed natural gas fueled 2.5 liter Ford
industrial engine that operates at 2,000 r.p.m. to generate
electricity and power the bus. The electric propulsion system
features regenerative braking, a process in which kinetic energy is
converted to electric energy through the braking process and this
electric energy is used to recharge the battery pack. Each 45-foot
transit bus features a low floor design with no interior steps that
makes it easier for passengers to step on and off the bus and can
transport over 100 passengers. "We are pleased that LAX, a leader
in the deployment of alternatively fueled vehicles, will be placing
our hybrid electric transit buses in service. Our ability to
upgrade to a UQM(R) propulsion system and generator for the motive
power needs of the vehicle has improved both vehicle performance
and fuel economy", said Jay Schneiders, President of Hybrid Bus
Technologies, LLC. "We are extremely pleased that Hybrid Bus
Technologies LLC has chosen UQM(R) propulsion systems and
generators to power its transit buses for LAX", said William G.
Rankin, President and Chief Executive Officer of UQM Technologies,
Inc. "The potential deployment of additional vehicles powered by
UQM(R) hardware at LAX and other North American transit system
operators is a significant opportunity for our Company." UQM
Technologies, Inc. is a developer and manufacturer of power dense,
high efficiency electric motors, generators and power electronic
controllers for the automotive, aerospace, medical, military and
industrial markets. A major emphasis of the Company is developing
products for the alternative energy technologies sector including
propulsion systems for electric, hybrid electric and fuel cell
electric vehicles, 42-volt under-the-hood power accessories and
other vehicle auxiliaries and distributed power generation
applications. The Company's headquarters, engineering and product
development center, and motor manufacturing operation are located
in Frederick, Colorado. For more information on the Company, please
visit its worldwide website at http://www.uqm.com/. This press
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 press 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 the development of
markets for our products. 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 November 9,
2004 which is available through our website at http://www.uqm.com/
or at http://www.sec.gov/. DATASOURCE: UQM Technologies, Inc.
CONTACT: John Baldiserra of BPC Financial Marketing,
+1-800-368-1217, for UQM Technologies, Inc.; or Donald A. French of
UQM Technologies, Inc., +1-303-278-2002 Web site:
http://www.uqm.com/
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