LONGMONT, Colo.--(BUSINESS WIRE)--UQM Technologies, Inc. (NYSE MKT: UQM) announced today that Kalmar Motor AB in Sweden has placed a follow-on production order with UQM for its PowerPhaseHD®220 electric motor/controller system for the TBL-50 towbarless airplane tug traction drive and its PowerPhasePro®135 electric motor/controller system for the vehicle hydraulics. After successful testing and product launch with major airlines, Kalmar Motor is seeing good market demand for the TBL-50 traction airplane tug and the reliability and performance of UQM’s electric drive systems.
“We are pleased that Kalmar Motor’s testing and product launch have gone so well using our propulsion systems,” said Joe Mitchell, President and CEO of UQM. “We continue to expand into new heavy-duty commercial markets, and we are delighted to be a key supplier to Kalmar Motor as they see increased demand from the major airlines.”
Kalmar Motor has been the pioneer of the unique TBL towbarless concept and is now developing a new generation of tugs that will enable airports to cut their use of diesel-driven tugs to address growing demands for reduced environmental emissions.
“UQM continues to show the ability to provide added value to our TBL products, and is the ideal electric system provider to support the growing needs of Kalmar Motor as airlines move towards stricter environmental standards,” said Magnus Johansson, Sales Director of Kalmar Motor.
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 Kalmar Motor AB
Kalmar Motor AB is a company specializing in vehicles for moving aircraft. The company was established in 1969, is privately owned and located in the city of Kalmar, Sweden. Kalmar’s product range includes both conventional towbar tractors and towbarless (TBL) tractors with capacity of handling regional aircraft up to wide body aircraft. With more than 40 years of experience in this field, Kalmar Motor has become a technology leader in towbarless handling of aircraft. For more information please visit www.kalmarmotor.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.
