| Press Release 06-25 | |
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Contact:
John Baldiserra BPC Financial Marketing (800) 368-1217 or Donald A. French, Treasurer (303) 278-20 |
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| UQM Technologies Products Power Under-the-Hood Auxiliary Systems on Upgraded General Dynamics Hybrid Electric Reconnaissance, Surveillance and Targeting Vehicle | |
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FREDERICK, COLORADO, MARCH 2, 2006... UQM TECHNOLOGIES, INC. (AMEX:UQM) announced today that it is supplying motors and electronic controllers to General Dynamics Corporation for use on their hybrid electric Reconnaissance, Surveillance and Targeting Vehicle (“RST-V”). The UQM® components include a permanent magnet motor and electronic controller that power and manage the operation of an engine compartment cooling fan and an electronic controller that manages the operation of power steering and fluid coolant pumps onboard the vehicle. The RST-V is a 4 x 4 hybrid electric drive vehicle with reconnaissance, surveillance, targeting and C3I (command, control, communications and intelligence) capability coupled with integrated stealth and survivability features. The vehicle can be equipped in a range of mission variants including: forward observer, forward air control, reconnaissance, light strike, battlefield ambulance, air defense, logistics, and personnel carrier. The components are being supplied as part of a $5.9 million USMC / General Dynamics Land Systems program to upgrade the RST-V by making functional and reliability changes. As part of this upgrade effort, a UQM® motor was selected to drive the cooling fan, in addition to the two UQM® electronic controllers that have been onboard the vehicle since the program’s inception. The cooling fan driven by the UQM® motor has demonstrated a 30 percent increase in output airflow over the motor originally used on the vehicle, improving its ability to operate in higher ambient temperatures such as may be encountered in a desert environment. “We are pleased that General Dynamics has expanded the content of UQM® products in the upgraded RST-V,” said William G. Rankin, UQM Technologies’ President and Chief Executive Officer. “Our systems consistently deliver power, size and efficiency advantages over competitors’ products enabling enhanced performance of our customers vehicles. The RST-V is one more of a growing number of robust hybrid electric military vehicles incorporating UQM® products.” UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric and fuel cell electric vehicles, 42-volt under-the-hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company's headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado. For more information on the Company, please visit its worldwide website at www.uqm.com.
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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 the development of markets for our products;
the adequacy of our cash balances and liquidity to meet future
operating needs, and our ability to issue equity or debt securities;
and the effect of legal actions and claims that we are involved
in. 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 January 26, 2006 which is available through
our website at www.uqm.com or at www.sec.gov.
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