-
Proterra’s 2016 Purchase Order is higher than 2015 for the UQM
PowerPhase® HD220(+) systems. Proterra currently has an order backlog
that stretches more than a year and this order represents only a
portion of the growth expected by Proterra.
-
The new Proterra Catalyst bus, powered by UQM PowerPhase® HD220, broke
records in gradeability, low weight, and acceleration at the Altoona
Bus Research and Testing Center, which is the transportation
industry’s gold standard.
-
The recently announced UQM HD(+) enhanced systems will provide
substantially improved performance over the current UQM PowerPhase®
HD220 systems. These new HD(+) systems represent an unprecedented and
unmatched capability in full electric bus propulsion systems.
LONGMONT, Colo.--(BUSINESS WIRE)--
UQM Technologies, Inc. (NYSE MKT:UQM) today announced the receipt
of a new purchase order from Proterra for the UQM PowerPhase® 220 HD(+)
motor and controller systems with deliveries starting in early January
2016. These units will be used in the Proterra Catalyst Bus program for
fulfillment of current orders for this new state-of-the-art UQM powered
bus. The Proterra Catalyst conquered a 15.5% grade, unprecedented in
this test by an electric bus, making it an ideal zero emission option to
serve metropolitan areas with challenging topography in West Coast
cities including San Francisco and Seattle. In addition to new records,
Proterra recently announced the completion of over 1,000,000 customer
driven miles for the exclusively UQM powered bus fleet.
Ryan Popple, CEO of Proterra said, “We are pleased with the new HD(+)
systems for our Catalyst buses. The improved performance is essential,
as we aim to deliver state-of-the-art electric buses and continuously
improve the Catalyst platform to break new records in efficiency and
performance.”
Proterra recently won a $3 million California Energy Commission Grant to
expand advanced manufacturing of zero-emissions transit buses on the
West Coast. “We look forward to our continued partnership with UQM, as
we both strive to push the limits of electric propulsion in the coming
years,” said Chief Executive Ryan Popple.
“UQM has again raised the bar for the electric propulsion industry by
producing the most technologically advanced and innovative electric
drive motors and controllers in the industry. Our HD(+) series products
are expected to set new performance records throughout the
transportation industry, exceeding the benchmarks already set by UQM,”
said UQM COO and Interim CEO Joseph Mitchell.
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 and ISO 14001
certified and located in Longmont, Colorado. For more information please
visit www.uqm.com.
About Proterra
Proterra is a leader in the design and manufacture of zero-emission
vehicles that enable bus fleet operators to significantly reduce
operating cost while delivering clean, quiet transportation to the
community. Proterra has sold over 100 vehicles to 14 different transit
agencies throughout North America. Proterra's configurable EV platform,
battery and charging options make its buses well-suited to a wide range
of transit and campus routes. With unmatched durability and energy
efficiency based on rigorous U.S. certification testing, Proterra
products are proudly designed, engineered and manufactured in America,
with offices in South Carolina and Silicon Valley. For more information
visit www.proterra.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 management with respect to, among other things,
gaining required certifications, 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-Q’s, which are available through our website at www.uqm.com
or at www.sec.gov.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151105005486/en/
Source: UQM Technologies, Inc.