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UQM Technologies and ReGen Nautic USA Make Waves in the Marine Industry

October 14, 2014
  • UQM and ReGen Nautic help set new European speed record in the Abel Yachts LightWave Ampere 5.5.
  • ReGen Nautic is increasing production of outboard and inboard electric marine propulsion systems to match growing market demand.

LONGMONT, Colo.--()--UQM Technologies Inc. (NYSE MKT:UQM) announced that the UQM PowerPhase® 100kW electric motor and controller system provided the power for the Abel Yachts LightWave Ampere to set a European speed record for Unlimited Electric Runabout on September 23, 2014. The yacht maintained an average speed of 32.9 knots (60.9 kilometers per hour) with two adult passengers over a measured mile. The Ampere weighs in at 1,020 kg, and has an all-electric range of 74.1 kilometers at 37 kilometers per hour and a range of over 148.2 kilometers at a speed of 11.1 kilometers per hour. The speed record was witnessed and certified by the Croatian Registry of Shipping.

“Our electric motors and controllers have set the bar in multiple industries and now we are helping ReGen Nautics and their customers set records and expand marine applications to gain a new level of market acceptance. We are excited to see this market develop,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc.

“ReGen Nautics is extremely busy serving the ever expanding Marine market and excited to have a partner like UQM to provide drive solutions for a wide array of marine applications. With the recent advances in energy storage, and the highly efficient UQM motor system, we are starting to see some commercial marine applications that have complete system payback in as little as twelve months.” said Pierre Caouette, CEO of ReGen Nautics USA.

About ReGen Nautics

ReGen Nautics USA works with manufacturers, federal and state agencies and commercial operators to engineer complete hybrid-electric solutions for the marine market. ReGen provides finished plug and play integrated systems to high volume and high utilization users, who see an immediate payback from the use of hybrid technologies. ReGen has commercialized the world’s most powerful series of electric outboards and the lightest; most fuel efficient variable-speed DC generators to provide a clean energy source for the marine world.

About UQM

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the commercial truck, bus, automotive, marine, military and industrial 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 Form 10-K and Form 10-Qs, which are 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