UQM Technologies to Introduce its New Fully Integrated Fuel Cell Compressor System (PowerPhase® FCS) at the 2nd Internationa...
October 29 2018 - 8:30AM
Business Wire
UQM Technologies, Inc. (NYSE American: UQM) (“UQM” or
the “Company”), a developer of alternative energy technologies,
today announced the introduction of its Integrated Fuel Cell
Compressor System (“PowerPhase® FCS”). This product is designed to
meet growing demand in the fuel cell market for a high performance,
cost-effective compressor solution. Few competitors feature an
integrated high efficiency motor and controller – making UQM’s
model the lowest cost, space-optimized design that can be adapted
to different compressor options.
UQM CEO Joseph Mitchell stated, “We have seen great progress
with our fuel cell compressors over the past few years, and our
customers have requested that we optimize our system for
performance and cost. Based on this feedback, and general market
demand, we have made a significant strategic investment to design
and launch what we feel is the premier fuel cell compressor system
in the market today. We’ll be introducing this product in China –
the largest market for fuel cell technology globally, particularly
in heavy-duty applications. Initial feedback from potential
customers has been very positive, and we look forward to launching
the system in early 2019.”
- The fully integrated fuel cell
motor/inverter/compressor has been customized for a wide range of
fuel cell applications.
- The system provides a number of
benefits to fuel cell suppliers including improved packaging, the
elimination of a number of components – such as cables and
connectors between the motor and inverter – and overall optimized
performance.
- UQM’s PowerPhase® FCS product portfolio
aims to cover the majority of market need for fuel cell electric
vehicles, supporting fuel cell stacks from 30kW-150kW and 270-800
VDC voltage range, a pressure ratio ranging from 1 to 2.2, and
airflow from 100 to 500 kg/h.
- UQM will be displaying this integrated
fuel cell compressor system at the International Hydrogen Energy
and Fuel Cell Technology Expo from November 6-8, 2018 in Foshan,
China in booth #A2-02.
- Customers may begin placing orders now
in advance of the product rollout in 2019.
- Current UQM fuel cell compressor
systems are already deployed in a number of vehicle applications
including full size transit buses, port vehicles, shuttle vans and
passenger cars across a broad range of power levels.
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, 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 IATF 16949 and ISO 14001 certified and located in Longmont,
Colorado. For more information, please visit www.uqm.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.
Source: UQM Technologies, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20181029005127/en/
UQM Investor RelationsChris Witty,
646-438-9385cwitty@darrowir.comorUQM Technologies, Inc.David
Rosenthal, 303-682-4900investor@uqm.com
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