UQM Technologies CEO Eric Ridenour to Provide Insights on the Electric Powertrain Bus. at FBR Energy & Industrials Conference
May 06 2011 - 8:30AM
Business Wire
UQM Technologies, Inc. (NYSE Amex: UQM) CEO Eric Ridenour
will provide his insights on the opportunities in the electric
powertrain business as part of the Energy Efficient Products and
Clean Air Technologies panel presentation at the 2011 FBR Energy
and Industrials Conference, Thursday, May 12, 2011, at the
Waldorf-Astoria Hotel in New York City.
“Market dynamics, government regulations and consumer incentives
are accelerating the acceptance and expansion of electric vehicles,
creating growth opportunities for experienced electric propulsion
companies like ours,” said Eric Ridenour, President and Chief
Executive Officer of UQM Technologies, Inc. “At the FBR Energy and
Industrials Conference, I’ll discuss the performance advantages of
our products and the steps we have taken to prepare our company for
potentially rapid growth.”
UQM Technologies is supplying electric propulsion systems to
Rolls-Royce’s recently announced 102EX Electric Phantom, joining
Saab’s 9-3 ePower and Audi’s A1 e-tron as a user of UQM PowerPhase®
propulsion systems in a pre-production test fleet.
The company recently relocated to a 130,000-square-foot facility
where it has installed fully validated production lines and
processes that meet the Advanced Product Quality Planning (APQP)
automotive standards with an annual production capacity of 40,000
units in anticipation of increased OEM volume requirements.
Mr. Ridenour’s panel presentation at the conference will take
place Thursday, May 12, 2011, at 10:30 a.m. EDT.
The conference will host presentations from over 80 public and
select private companies. The conference also affords participating
companies the opportunity to have one-on-one meetings with
investors.
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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