UQM Technologies Newly Introduced 150 kW Propulsion System to Power Fuel Cell Hybrid Electric Bus Under Development by Mobile En
July 10 2007 - 8:30AM
PR Newswire (US)
FREDERICK, Colo., July 10 /PRNewswire-FirstCall/ -- UQM
TECHNOLOGIES, INC. (AMEX:UQM), a developer of alternative energy
technologies, announced today that its newly introduced 150 kW
permanent magnet propulsion motor will power a fuel cell hybrid
electric bus being developed by Mobile Energy Solutions, LLC,
Golden, Colorado, with funding under the Federal Transit
Administration's National Fuel Cell Bus Program. The 35 foot long
bus features a proprietary all composite body manufactured by
Martin Marietta Composites and two 16 kW automotive fuel cells from
Hydrogenics, Inc. The batteries, which are only six inches tall,
are incorporated in the floor enabling a low floor design, which in
combination with the absence of an engine compartment, allows
passenger seating for 37 people, equal to that of a conventional 40
foot bus. The vehicle incorporates a battery dominant plug-in
hybrid power system, which provides a significant portion of the
vehicle's power from batteries, which are recharged by being
plugged into the electric power grid at night. Additional energy is
provided to the batteries during operation from the onboard fuel
cell auxiliary power system, which generates supplemental power to
extend the range of the vehicle. The bus has been designed to
accept auxiliary power units other than fuel cells such as an
internal combustion engine generator fueled by hydrogen, propane,
compressed natural gas or bio-diesel. "Unlike other fuel cell bus
programs that are placing large fuel cells in conventional transit
buses, we are developing a composite body bus that has been
specifically designed for these advanced technologies. By doing so,
we have been able to reduce the weight of the vehicle, dramatically
improving passenger carrying capability and roughly tripling the
fuel mileage compared to conventional buses of similar size," said
Dale Hill, Chief Executive Officer of Mobile Energy Solutions, LLC.
"UQM's 150kW propulsion system, with its exceptional torque and
light weight, will allow our bus to have superb acceleration while
maximizing the range between recharges, due to the propulsion
system's highly energy efficient operation. We are looking forward
to using UQM(R) propulsion systems on other vehicle development
opportunities we are pursuing." "We are pleased that Mobile Energy
Solutions has selected our newly introduced 150 kW system for their
fuel cell hybrid electric bus program. This system was specifically
designed to meet the higher power requirements of larger vehicles,
such as this exciting bus. We are confident that the performance
and high energy efficiency of our system, together with the unique
design features of the bus, will allow this purpose built vehicle
to exceed its original performance expectations," said William G.
Rankin, President and Chief Executive Officer of UQM Technologies,
Inc. "We are excited about working on this project and look forward
to additional orders for this bus and additional vehicles as Mobile
Energy Solutions continues to grow their business." 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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