UQM Technologies Receives Follow-On Order from RAPAC to Support New Demand in Israel

July 12, 2016
  • The new order is for UQM PowerPhase HD® 950T electric drive systems to be installed in UQM powered Humvee military vehicles.
  • This additional order is part of the ongoing MOU signed with RAPAC in September of 2015.

LONGMONT, Colo.--(BUSINESS WIRE)-- UQM Technologies Inc. (NYSE MKT:UQM) today announced the receipt of a new order from RAPAC for PowerPhase HD® 950T electric drive systems to be installed in Humvee military vehicles in Israel.

RAPAC CEO Ron Oren commented on the ongoing strategic partnership with UQM, “The RAPAC vehicle applications are designed for the most demanding environments in the world and the UQM products have proven themselves as exceptional products in the time we have demonstrated them out in the field. UQM delivers the highest quality and the most technologically advanced electric drive motors and controllers in the industry. We look forward to continuing to represent UQM products in this part of the world.”

Joe Mitchell, UQM President and CEO, said, “We are pleased to see RAPAC’s forward progress on electric projects. This is another successful example of UQM’s execution on our global diversification strategy.”

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.


RAPAC Communication & Infrastructure Ltd. (formerly RAPAC Electronics Ltd.) was established in 1964 and is traded on the Tel Aviv Stock Exchange since 1978 (TASE:RPAC). The company owns several subsidiaries that are active in the Infrastructure, Communication, Defense, Transportation and Computing fields.

RAPAC also acts as consultant and representative to some of the largest worldwide defense companies such as Raytheon, Rockwell Collins, CPI and others. For more information, please visit www.rapac.co.il.

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.

EnergyTech Investor, LLC

Shawn Severson, 415-233-7094


UQM Technologies, Inc.

David Rosenthal, 303-682-4900

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