UQM Technologies Supplying Electric Drive Motors for Audi A1 e-tron Test-fleet Build
February 08 2011 - 8:30AM
Business Wire
UQM Technologies, Inc. (NYSE Amex: UQM), will supply
PowerPhase electric propulsion systems as part of an Audi
test-fleet build and vehicle development process for its A1 e-tron
all-electric vehicle.
“This fleet order from Audi further validates the ability of our
products to meet the demanding requirements of major automotive
customers,” said Eric R. Ridenour, President and CEO of UQM
Technologies. “We are extremely well-positioned and prepared for
growth as the electrification market continues to develop and
expand.”
The UQM PowerPhase engine range is a lightweight electric drive
motor and controller. This power-dense, brushless, permanent-magnet
engine range can be supplied with up to 300 Nm of peak torque and
125 kW of peak power. The controller features CAN bus, serial
communications and diagnostic capability.
In addition to a full line of electric propulsion systems, UQM
recently completed the validation of its volume production lines
with annual capacity of 40,000 units.
“Our solid history in developing electric propulsion systems has
enabled us to secure another major international OEM fleet build
program,” said Ridenour.
Automobile manufacturers typically build test fleets to evaluate
new technologies and vehicles that are under development prior to
their market launch.
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 February 1, 2011,
which is available through our website at www.uqm.com or at
www.sec.gov.
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