CEO Eric Ridenour To Present Key Elements of UQM Technologies Growth Strategy at Needham Annual Growth Conference
January 05 2011 - 8:30AM
Business Wire
Eric Ridenour, President and CEO of UQM Technologies, Inc.
(NYSE Amex:UQM) will present the key elements of the
company’s growth strategy at the 13th Annual Needham Growth
Conference.
“Building on 35 years of core vehicle-electrification
competency, we have now added volume production capacity to support
our customers’ vehicle launches over the next several years which
we believe has positioned UQM for potentially rapid growth,” said
Eric R. Ridenour, President and CEO of UQM Technologies. “At the
Needham Annual Growth Conference, I’ll share the details of these
important developments and outline the company’s growth
strategy.”
In the past six months, UQM Technologies has:
- Hired a CEO with extensive automotive
experience.
- Created 40,000 units of annual
production capacity for its PowerPhase® electric propulsion
systems.
- Delivered automotive qualified
pre-production propulsion systems to both CODA Automotive and an
international automobile company from this volume production
line.
Other infrastructure enhancements include relocation to a
130,000 square foot state-of-the-art production facility.
The 13th Annual Needham Growth Conference takes place January 11
through January 13, 2011, in New York City, as a forum for
institutional investors and venture capitalists to hear the latest
updates from senior management teams in various markets, including
clean technology. Over the course of three days, attendees may
participate in moderated presentations inclusive of Q&A with
companies as well as thematic panels with industry professionals.
Mr. Ridenour’s presentation at the conference will begin at 3:30
p.m. EST.
UQM Technologies is a developer and manufacturer of power-dense,
high-efficiency electric motors, generators and power electronic
controllers for the automotive, aerospace, military and industrial
markets. A major emphasis for UQM 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. UQM headquarters, engineering, product
development center and manufacturing operation are located in
Longmont, Colorado.
Please visit www.uqm.com for more information.
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,
orders to be received under our supply agreement with CODA
Automotive, future financial results, our ability to successfully
expand our manufacturing facilities, 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-Q filed
October 28, 2010, which is available through our website at
www.uqm.com or at www.sec.gov.
UQM Technologies (AMEX:UQM)
Historical Stock Chart
From Jun 2024 to Jul 2024
UQM Technologies (AMEX:UQM)
Historical Stock Chart
From Jul 2023 to Jul 2024