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 Click Here for more UQM Technologies Charts.
UQM Technologies (AMEX:UQM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more UQM Technologies Charts.