LONGMONT, Colo.--(BUSINESS WIRE)--UQM TECHNOLOGIES, INC. (NYSE MKT: UQM) today announced that
Zenith Motors, LLC has received a 45 unit all-electric truck order from
DHL Express USA, a major world-wide package delivery firm. The Zenith
delivery vehicles are powered by the UQM PowerPhase Pro® 135
propulsion systems. “Zenith has been greatly anticipating this order
with DHL and is excited to have the opportunity to showcase the UQM
powered full-electric delivery vehicles,” said William Yung, CEO of
Zenith Motors, LLC.
DHL has invested nearly $50 million in their fleet over the last two
years, reducing average vehicle age from 6.7 years in 2012 to 3.6 years
today. This purchase is a part of a clean vehicle initiative by DHL to
add a variety of clean vehicles to its US fleet this year. According to
DHL, this initiative will make their fleet one of the newest and most
modern in the industry.
“Orders have been picking up steadily with Zenith Motors and this
contract with DHL is a good sign for Zenith and their growth in the EV
delivery vehicle market,” said Joe Mitchell, Chief Operating Officer and
Interim President and CEO of UQM Technologies. “As other major fleets
begin to see the merits of electric vehicles and the efficiency and
reliability of the UQM drive solutions, we anticipate seeing more good
news like this.”
The UQM PowerPhase Pro 135 provides a peak torque of
340 Nm, peak power of 135 kW and 80 kW of continuous power. UQM also
offers the production-ready PowerPhase HD® automotive
systems for heavier commercial vehicle and electric bus applications.
The high efficiency of UQM PowerPhase systems provides higher value to
the customer, as well as enables vehicle manufacturers to meet their
all-electric range goals and compliance with stricter emissions
standards.
About UQM
UQM Technologies is a developer and manufacturer of power-dense,
high-efficiency electric motors, generators, power electronic
controllers and fuel cell compressors 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 Zenith Motors, LLC
Zenith Motors is based in Crestview Hills, KY, and is a manufacturer of
electric shuttle vans for hospitals, schools, airports, parking
facilities and the hospitality industry. Zenith Motors is proactively
helping companies reduce their fleet operating costs by eliminating the
cost of gasoline, reducing the maintenance costs and maximizing the
up-time between scheduled maintenance. In addition to reducing fleet
costs, Zenith’s customers create a healthier community by driving
electric shuttle vans that help in the reduction of carbon emissions and
noise pollution. Please visit www.Zenith-Motors.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 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.