UQM Technologies Receives $750,000 Contract From the U.S. Air Force to Advance the Development of a Silicon Carbide Electronic C
June 05 2007 - 9:30AM
PR Newswire (US)
FREDERICK, Colo., June 5 /PRNewswire-FirstCall/ -- UQM
Technologies, Inc. (AMEX:UQM) announced today that it has been
awarded an additional $750,000 Phase II Small Business Innovation
Research contract from the U.S. Air Force to advance the
development of a silicon carbide electronic motor controller. The
focus of the two year effort will be to improve the power density
and packaging of previous generations of silicon carbide power
modules developed in other Air Force programs. Coincident with this
project the Company will convert a conventional pickup truck to
all-electric operation using a motor controller containing the
higher power silicon carbide modules being developed. The operating
results of the testbed will then be compared to those of other
all-electric pickup truck testbeds operating with earlier
generations of the silicon carbide modules. The controller is being
developed for the USAF Advanced Power Technology Office of the
542nd Combat Sustainment Wing at Robins Air Force Base in
cooperation with the U.S. Army National Automotive Center and
Mississippi State University. Commenting on the award, Jon Lutz,
UQM Technologies' Director of Engineering said, "This project
creates another opportunity to showcase our 160 horsepower
propulsion system and advance the commercial prospects of silicon
carbide power modules by reducing their size and improving power
density. Improvements in power density and packaging are important
attributes in reducing the production cost of the modules and their
potential to achieve commercial success." 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, plug-in hybrid electric and
fuel cell electric vehicles, 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 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 the development of markets for our products
and the adequacy of our cash balances and liquidity to meet future
operating needs. 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 filed May 17, 2007, 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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