Press Release 07-14
   
UQM Technologies, Inc.
 7501 Miller Drive
Frederick, CO 80530
Contact:
John Baldiserra
BPC Financial Marketing
(800) 368-1217
    or
Donald A. French, Treasurer
(303) 278-2002
  
UQM Technologies Delivers Motor/Generator System for Long-Haul Class 8 Hybrid Truck Application
 
 

FREDERICK, COLORADO, NOVEMBER 14, 2006… UQM TECHNOLOGIES, INC. (AMEX: UQM), a developer of alternative energy technologies, announced today that it has delivered a permanent magnet motor/generator system for application in a long-haul Class 8 hybrid truck.  The custom UQM® motor/generator system will be integrated into a transmission and provide power generation and electric propulsion assist to the truck’s diesel engine.

Commenting on the delivery, William G. Rankin, UQM Technologies’ President and Chief Executive Officer said, “We are pleased that our electric motor/generator system was selected for this class 8 hybrid truck development program.  Expanding the application of our electric propulsion systems  to long-haul class 8 trucks presents us with an exciting opportunity to further demonstrate improved fuel efficiency in this large and highly visible market segment.”

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, 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.
 

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 and the adequacy of our cash balances and liquidity to meet future operating needs.  Important Risk Factors that could cOctober 31, 2006, which is available through our website at www.uqm.com or at www.sec.gov.

 

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Last Update:11/14/06