LONGMONT, Colo.--(BUSINESS WIRE)--UQM Technologies, Inc. (NYSE Amex: UQM), will supply PowerPhase electric propulsion systems as part of an Audi test-fleet build and vehicle development process for its A1 e-tron all-electric vehicle.
“This fleet order from Audi further validates the ability of our products to meet the demanding requirements of major automotive customers,” said Eric R. Ridenour, President and CEO of UQM Technologies. “We are extremely well-positioned and prepared for growth as the electrification market continues to develop and expand.”
The UQM PowerPhase engine range is a lightweight electric drive motor and controller. This power-dense, brushless, permanent-magnet engine range can be supplied with up to 300 Nm of peak torque and 125 kW of peak power. The controller features CAN bus, serial communications and diagnostic capability.
In addition to a full line of electric propulsion systems, UQM recently completed the validation of its volume production lines with annual capacity of 40,000 units.
“Our solid history in developing electric propulsion systems has enabled us to secure another major international OEM fleet build program,” said Ridenour.
Automobile manufacturers typically build test fleets to evaluate new technologies and vehicles that are under development prior to their market launch.
UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets. A major emphasis for UQM is developing products for the alternative-energy technologies sector, including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries. UQM headquarters, engineering, product development center and manufacturing operation are located in Longmont, Colorado.
Please visit www.uqm.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 officers and directors with respect to, among other things, orders to be received under our supply agreement with CODA Automotive, our ability to successfully expand our manufacturing facilities, 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-Q filed February 1, 2011, which is available through our website at www.uqm.com or at www.sec.gov.