Attendees at UQM Technologies Annual Shareholders Meeting to Experience the Exhilarating Performance of an All-Electric Phoenix
August 16 2007 - 4:00PM
Business Wire
UQM TECHNOLOGIES, INC. (AMEX: UQM), a developer of alternative
energy technologies, announced today that shareholders and other
attendees at its annual meeting of shareholders will have an
opportunity to experience the exhilarating performance of the
all-electric Phoenix Sport Utility Truck, propelled by a UQM�
PowerPhase 100kW electric propulsion system, during a ride and
drive event. The ride and drive will begin following the meeting
which is being held at the Renaissance Suites at Flatiron, 500
Flatiron Boulevard, Broomfield, Colorado 80021, beginning at 10:00
a.m. on August 22, 2007. The Phoenix all-electric SUT accelerates
from 0 to 60 miles per hour in less than 10 seconds, has a top
speed of 100 miles per hour. The vehicle�s 35kWh NanoSafe� battery
pack supplied by Altair Nanotechnologies, Inc. (NASDAQ: ALTI) which
can be recharged in less than 10 minutes. The vehicle, which is
expected to qualify as a Type III ZEV in California, will travel up
to 135 miles between charges in a typical fleet duty cycle. �We are
pleased to offer our shareholders the opportunity to experience the
exceptional performance of the all-electric Phoenix zero emission
SUT. The vehicle�s exceptional performance is made possible by our
high torque and highly efficient propulsion system, and we are
pleased to provide attendees the opportunity to experience this
performance firsthand,� said William G. Rankin, UQM Technologies�
President and Chief Executive Officer. Directions to the meeting
are available on our website at www.uqm.com/investor/newsroom.html.
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 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-Q filed
July 26, 2007, which is available through our website at
www.uqm.com or at www.sec.gov.
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