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Zenith Motors Signs Major DHL Express USA Electric Delivery Truck Deal, Increases Orders of UQM Technologies PowerPhase Pro® 135 for the Medium Truck Delivery Market

September 23, 2015
  • Zenith Motors, LLC has received an order for 45 UQM PowerPhase Pro® 135 powered all-electric trucks from DHL Express USA, a major world-wide package delivery firm, for delivery fleets in California and New York.

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.

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