UQM Technologies PowerPhase® Electric Propulsion System Powers Saab 9-3 ePower All-Electric Development Test Fleet
February 01 2011 - 4:20PM
Business Wire
UQM Technologies, Inc. (NYSE Amex: UQM), a developer of
alternative-energy technologies, has been selected by Saab to power
its all-electric Saab 9-3 ePower development test fleet. Initial
deliveries began in the third calendar quarter of 2010 and will
continue through CY 2011.
“This order from Saab reinforces our ability to meet the
performance, quality and cost needs of international automobile
companies developing electric and hybrid vehicles,” said Eric
Ridenour, President and CEO of UQM Technologies. “The PowerPhase
135kW systems for Saab are being built on our validated production
lines with annual capacity of 40,000 systems. These production
lines are among the many steps we have taken to fully prepare UQM
to grow from test-fleet programs to production fulfillment.”
The UQM PowerPhase 135 kW electric propulsion systems will power
the 70 Saab 9-3 ePower test fleet vehicles. The 9-3 ePower program
is the first step towards developing a potential Saab production
vehicle. The PowerPhase 135kW features a power-dense 135 kW/181 hp
electric motor and advanced control system. Saab will use our
propulsion system with a single-speed transmission, and the company
has published performance estimates of 100 km/hr (62 mph)
acceleration in just 8.5 seconds together with a top speed of 150
km/h (93 mph). Saab will begin field trials of the test fleet in
Sweden early this year.
“We are looking forward to working with Saab through its
automotive testing and qualification program with our PowerPhase
electric propulsion system,” said Ridenour. “Our history of
technological innovation in developing electric propulsion systems
combined with extensive production engineering capabilities gives
us a unique advantage in meeting the development and production
needs of vehicle manufacturers.”
About Saab
Saab, or Svenska Aeroplan Aktiebolaget (Swedish Aircraft
Company), was founded in 1937 as an aircraft manufacturer and
revealed its first prototype passenger car 10 years later after the
formation of the Saab Car Division. In 1990, Saab Automobile AB was
created as a separate company, jointly owned by the Saab Scania
Group and General Motors, and became a wholly owned GM subsidiary
in 2000. In February 2010, Spyker Cars N.V. of the Netherlands,
acquired the company from GM as an independently-run business.
Saab cars reflect the brand's unique Scandinavian design ethic,
which is fused with its aircraft engineering heritage. The company
is a global premium car maker with a distinguished history of
innovation. It is recognized for its pioneering role in
turbocharging, as well as occupant safety and the introduction of
flex-fuel technology through Saab BioPower. Saab Automobile AB
currently employs approximately 3,800 staff in Sweden, where it
operates world-class production and technical development
facilities at its headquarters in Trollhättan, 70 km north of
Gothenburg.
Please visit www.saab.com for more information.
About UQM Technologies
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, 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 today, which is
available through our website at www.uqm.com or at www.sec.gov.
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