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Yates now holds 16 electric-vehicle world records
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This electric plane is powered by UQM PowerPhase® motor and
controller
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These achievements demonstrate the versatility and efficiency of UQM
systems
LONGMONT, Colo.--(BUSINESS WIRE)--UQM Technologies, Inc. (NYSE MKT: UQM) congratulates Chip Yates
on setting two new Guinness World Records for electric-powered airplanes
at the Capital Air Show in Sacramento earlier this month. His
all-electric plane uses a UQM PowerPhase® motor and
controller for powerful and efficient fuel-free flight.
“Yates has taken electric-powered transportation to new heights with his
latest round of records,” said Eric R. Ridenour, President and Chief
Executive Officer of UQM Technologies, Inc. “Unlike internal-combustion
engines, the power output of our electric motor is not affected by
altitude, providing steady and consistent power.”
During the air show, Yates set a new Guinness World Record for speed of
climb to altitude in an electric airplane, reaching 500 meters (1,640
feet) in just 62.58 seconds from a complete stop. He also set a world
record for speed over a one kilometer (0.62 miles) course averaging two
passes, one from each direction. Yates piloted the electric aircraft to
220.9 mph on the first pass and 212.9 mph on the second, resulting in a
new world record of 216.9 mph.
“We’re extremely excited by all these world records and their
implications for potential commercial and military applications of
electric vehicle technology,” said Yates. This makes a total of 16
electric vehicle world records achieved by Yates and his team.
UQM Technologies offers a range of production-validated electric motors
and controllers in addition to being able to meet the needs of custom,
small-volume projects. All UQM systems offer high efficiency with
power-dense motors and advanced controllers.
About UQM
UQM Technologies, Inc. is a developer and manufacturer of power-dense,
high-efficiency electric motors, generators and power electronic
controllers for the automotive, commercial truck, bus, marine and
military 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 located in Longmont, Colorado. Please
visit www.uqm.com
for more information.
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, 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-Q filed August 1, 2013, which is available
through our website at www.uqm.com
or at www.sec.gov.
Contacts
Investor Relations:
StreetSmart Investor Relations
Annie
Leschin/Barry Hutton, 415-775-1788
or
Media Relations:
UQM
Technologies, Inc.
Alise Grysen, 303-682-4941