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UQM Technologies and Kinetics Drive Solutions Collaborate on Electric Drive Systems for All-Electric Commercial Vehicles

April 22, 2014
  • System will combine UQM PowerPhase HD® family of electric motors and controllers with Kinetics NexDrive™ transmissions
  • Provides proven integrated system for vehicle manufacturers
  • Advantages for customers are quicker speed to market and reduced development time and cost
  • LONGMONT, Colo.--()--UQM Technologies Inc. (NYSE MKT: UQM) and Kinetics Drive Solutions Inc. are collaborating to offer an efficient and robust integrated electric motor and multi-speed transmission system for commercial vehicle applications that will benefit from a full system approach. This system is engineered to provide commercial vehicle manufacturers a powerful and efficient electric drive powertrain while minimizing the development time for integration.

    “As we work with multiple partners in China and other regions of the world, it has become clear that for some the ability to offer a complete system will be a competitive advantage. By collaborating with Kinetics we are able to offer those customers a proven powertrain system,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies Inc. “The combined strengths of our systems, our combined marketing power and our recent ISO/TS 16949 registration will expand our reach in these important markets.”

    Key advantages for customers will be a fully integrated and calibrated system that allows quicker speed to market and reduced development time and cost, as well as fewer engineering variables. Systems will feature UQM PowerPhase HD® electric motors and controllers combined with Kinetics NexDrive™ transmissions.

    The PowerPhase HD family of electric motors and controllers was developed specifically for commercial vehicle applications, and includes the HD 220 with 700 Nm of peak torque and 220 kW of peak power, the HD 950T with 950 Nm of torque and 140 kW of peak power and the HD 250 which is a high-voltage variant with 250 kW of peak power and 900 Nm of torque.

    The NexDrive EV3-850 transmission is a 3-speed dual-clutch transmission that efficiently works with the electric motor to minimize torque interruption during gear shifting. It also enables the electric motor to operate at peak or near peak efficiency for superior battery performance and vehicle range. The EV3-850 has been designed and developed by Kinetics specifically for medium- and heavy-duty electric vehicle applications.

    About Kinetics Drive Solutions

    Kinetics Drive Solutions is a multi-disciplinary engineering company providing intelligent drive systems and control solutions for mobile applications. The Kinetics engineering team has produced custom drive solutions for world-class equipment manufacturers, defense contractors and component manufacturers. For more information, please visit www.KineticsDrive.com.

    About UQM

    UQM Technologies 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 TS 16949 certified and located in Longmont, Colorado.

    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, 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 annual report on Form 10-K for the fiscal year ended March 31, 2013 and our Form 10-Q filed on January 30, 2014, which is available through our website at www.uqm.com or at www.sec.gov.

    Contacts

    StreetSmart Investor Relations
    Annie Leschin, 415-775-1788
    or
    UQM Technologies, Inc.
    David I. Rosenthal, 303-682-4900

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investor@uqm.com

303.682.4900

UQM Technologies Inc
4120 Specialty Pl.
Longmont, Colorado 80504

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UQM Technologies Inc
4120 Specialty Pl.
Longmont, Colorado 80504