UQM Technologies CEO Eric Ridenour Will Deliver Strategic Insights & Growth Prospects for the Company at Jefferies Global Cle...
February 17 2011 - 8:30AM
Business Wire
UQM Technologies, Inc. (NYSE Amex: UQM), a developer of
alternative-energy technologies, announces today that its President
and CEO, Eric Ridenour, will present strategic insights on the
growth of the company at the 11th Global Clean Technology
Conference, in New York City on February 23, 2011 at 4:30 p.m.
Eastern Time.
“Our nearly 35 years of experience, deep technical talent and
volume production capacity position UQM Technologies to take
advantage of the changing market forces toward clean technology,”
said Eric Ridenour, President and CEO of UQM Technologies. “I will
outline to industry leaders attending the Jefferies conference the
important company developments that prepare UQM to grow from
test-fleet program to production fulfillment.”
The Jefferies 11th Global Clean Technology Conference will
feature presentations from over 100 leading public and private
companies across the clean technology spectrum and seeks to help
investors identify near and long-term investment opportunities.
UQM electric propulsion products serve all categories of vehicle
electrification and spans across multiple market segments,
including passenger cars, buses, agriculture and military combat
vehicles.
UQM electric propulsion systems were recently selected by two
international auto makers. Saab will use the PowerPhase® 135 kW
system to power their 9-3 ePower test fleet vehicles, and Audi will
use the PowerPhase® 125 kW propulsion system for its A1 e-tron
all-electric test fleet vehicles. Deliveries began in the third
quarter of 2010 and will continue through calendar year 2011.
UQM also recently relocated to a new 130,000 square foot,
30-acre facility with a fully validated production process that
meets Advanced Product Quality Planning (APQP) automotive
standards, and is capable of fulfilling increased OEM volume.
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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