| Press Release 08-26 | |
|
Contact:
John Baldiserra BPC Financial Marketing (800) 368-1217 or Donald A. French, Treasurer (303) 278-2002 |
|
| |
|
|
UQM Technologies Receives Generator Order from Traction Technology Plc |
|
|
FREDERICK, COLORADO, FEBRUARY 12, 2008… UQM TECHNOLOGIES, INC. (AMEX: UQM), a developer of alternative energy technologies, announced today that it has received a generator order from Traction Technology Plc to power their hybrid electric power packs for use in city buses in the United Kingdom. The highly energy efficient UQM® PowerPhase™ 100 and UQM® PowerPhase™ 150 generators have been selected to offer Traction Technology customers maximum choice. The generators will be coupled directly to a diesel engine. Traction Technology also has plans to introduce the UQM® PowerPhase™ 150 as a propulsion system option later this year. The Traction Technology hybrid electric power pack is expected to enable a city bus to meet the upcoming Euro V Diesel Emissions Standards while at the same time improving vehicle performance. Working in conjunction with Transport for London operator Epsom Coaches, Merseytravel and Ipswich Buses Limited, Traction Technology plans to develop the hybrid power packs to meet the Low Emission Zone requirements set forth by the 2010 EU air quality objectives. “We are pleased that Traction Technology has selected our highly efficient generator and propulsion system to power their hybrid electric power pack product. The energy efficiency of our motors and generators is a significant factor in enabling the city buses powered by their hybrid electric power pack to meet performance and emission objectives”, said Jon Lutz, UQM Technologies’ Vice President of Technology. Traction Technology designs and manufactures hybrid power packs for the transport industry to replace the standard diesel engine and transmission system while improving fuel consumption and emissions. The company’s shares trade on the London Stock Exchange’s Alternative Investment Market (AIM). For additional information on the Company, please visit its worldwide website at www.ttplc.co.uk. 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, plug-in 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 cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-Q filed January 30, 2008, which is available through our website at www.uqm.com or at www.sec.gov |
|
|
[Home | Previous | Next | Top ] Last Update: 02/12/08 |
|