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UQM Technologies Appoints Mr. Yi-Zhen (Fred) Lin as Vice President and General Manager of UQM Asia Limited

January 20, 2017
  • Mr. Lin will lead, and have full P&L responsibility, for all of UQM’s Asia activities working in conjunction with the UQM headquarters team in Colorado to ensure alignment and execution on UQM’s global strategy.
  • Mr. Lin will be based in Hong Kong reporting directly to UQM’s CEO.
  • Mr. Lin has over 20 years of senior international executive experience in managing a number of high tech international businesses in the Asia Pacific Region and is very knowledgeable about, and well known in, the Chinese electric vehicle and motor industry.
  • Mr. Lin is a critical addition to the UQM executive team as the Company moves to expand its market and operations into the Asia Pacific region.

LONGMONT, Colo.--(BUSINESS WIRE)-- UQM Technologies, Inc. (NYSE MKT: UQM), is pleased to announce that Mr. Yi-Zhen (Fred) Lin has joined UQM as Vice President and General Manager of UQM Asia Limited, Inc. He will be based in Hong Kong. Mr. Lin brings a proven track record of performance as a senior executive with several high tech companies in the Asia Pacific region and a wealth of contacts and relationships in the Chinese electric automotive and commercial vehicle market.

Reporting directly to Joe Mitchell, President and Chief Executive Officer of UQM, Mr. Lin will have full P&L responsibility for all Asia operations, including manufacturing, engineering, business development, finance and other support organizations. He will work in conjunction with the UQM headquarters team in Colorado to ensure alignment and execution on UQM’s Asia strategy.

“We are very pleased to have Fred join the UQM team. His extensive experience in Asia business development, in-depth understanding of emerging markets, proven track record of success in growing businesses in China with Western products, and overall managerial experience will greatly enhance our ability to succeed in this market,” said Mr. Mitchell. “The addition of Fred to this VP level position is a critical addition to our executive team and gives UQM both the presence and leadership that will be needed in Asia to move forward on our strategy. Fred is a seasoned executive and an international leader with the vision, energy, commitment and strategic mindset to lead UQM in Asia. After a lengthy and thorough search, we are very excited and honored to bring Fred onto our team and I truly believe he brings all of the leadership traits we were looking for.”

Between 1996 and 2009, Mr. Lin worked for SKF China Limited, a world-leading bearing, seal and lubrications systems company, where he started as a regional manager and moved all the way up to Managing Director running the entire China region and growing annual revenue from 216 million RMB in 1996 to over 6 billion RMB with over 3,800 employees in 2009. Most recently, Mr. Lin was the General Manager of Business Development for Vanway Pharmaceuticals. Previous to Vanway, Mr. Lin was Executive Vice President of Business Development for Guangzhou TWS Electronics Limited, a world-leading rechargeable battery pack supplier. Earlier in his career, Mr. Lin worked as a project leader for a Taiwanese technology company where he was directly engaged with UQM on electric vehicle motor applications.

Mr. Lin holds a degree in mechanical engineering from the National Taipei Institute of Technology, an MBA from Bradford University’s School of Management and a Ph.D. in management from Shanghai University of Finance and Economics. Mr. Lin is fluent in Mandarin, Cantonese, Taiwanese and English.

About UQM Technologies, Inc.

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 and Hong Kong. For more information, please visit www.uqm.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.

Source: UQM Technologies, Inc.

Source: UQM Technologies, Inc.

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