Electric Vehicles International Orders Additional UQM PowerPhase HD® 220 Systems
August 26 2015 - 8:30AM
Business Wire
- Electric Vehicles International (EVI)
seeing increase in market demand in multiple vehicle classes,
places new orders with UQM Technologies.
- UQM powered EVI all-electric trucks
significantly reduce fuel and maintenance costs for fleet operators
while meeting their day-to-day demands.
UQM Technologies, Inc. (NYSE MKT: UQM) today announced
that it has received a new order from Electric Vehicles
International (EVI) for delivery later this calendar year. EVI will
use UQM PowerPhase HD® 220 systems to power their
all-electric walk-in vans and medium-duty commercial trucks. The
PowerPhase HD 220 systems were developed for the demanding needs of
heavier commercial vehicles.
“We worked with EVI and other vehicle manufacturers when
engineering the PowerPhase HD product line to ensure that our
systems met or exceeded their requirements for this market,” said
Joe Mitchell, Chief Operating Officer and Interim President and CEO
of UQM Technologies. “The PowerPhase HD systems offer commercial
vehicle manufacturers a range of solutions for building
battery-electric and parallel-hybrid vehicles.”
The UQM PowerPhase HD electric motors and controllers will be
used in EVI vehicles built to meet a variety of needs, including
parcel delivery, food and beverage, construction, landscaping and
more. The EVI commercial vehicles have a GVW range from class 4 to
class 5, and offer a scalable system that can achieve up to 90
miles per charge relying on UQM PowerPhase electric propulsions
systems.
About UQM
UQM Technologies is a developer and manufacturer of power-dense,
high-efficiency electric motors, generators, power electronic
controllers and fuel cell compressors for the commercial truck,
bus, automotive, marine, military and industrial markets. A major
emphasis for UQM is developing propulsion systems for electric,
hybrid electric, plug-in hybrid electric and fuel cell electric
vehicles. UQM is TS 16949 and ISO 14001 certified and located in
Longmont, Colorado. For more information, please visit
www.uqm.com.
About EVI
EVI is a pioneer in zero emission electric vehicle development,
manufacturing and deployment, with over 20 years of success
optimizing zero emission, all-electric powertrains. EVI vehicles
are manufactured with the most efficient electric motors and the
safest, longest lasting batteries, seamlessly integrated into tough
American built chassis relied upon by fleet operators throughout
the nation and the world. To participate in a vehicle
demonstration, please visit their website at www.evi-usa.com.
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 management with respect to, among other things, gaining
required certifications, new product developments, future orders to
be received from our customers, sales of products from inventory,
future financial results, liquidity, 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-K and Form
10-Q’s, which are available through our website at www.uqm.com or
at www.sec.gov.
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version on businesswire.com: http://www.businesswire.com/news/home/20150826005267/en/
UQM Technologies, Inc.David I. Rosenthal,
303-682-4900
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