LONGMONT, Colo.--(BUSINESS WIRE)--UQM TECHNOLOGIES, INC. (NYSE MKT: UQM) will display its next generation inverter at the 2016 Electric & Hybrid Vehicle Technology Expo at booth number 938. This latest technology from UQM features a motor inverter with a very compact form factor for optimized packaging, high reliability and low cost. The newest component of the improved UQM EV propulsion system is designed to provide the high reliability needed for light to medium-duty commercial vehicles as well as the performance needed for larger passenger vehicles or sports cars. This technology announcement comes on the heels of the major announcement of the PowerPhase®DT Drivetrain partnership with Eaton and Pi Innovo, which positions UQM well globally with the PowerPhase® HD propulsion system paired with the Eaton 2-speed transmission and the Pi Innovo transmission control unit.
This new inverter technology will be discussed by UQM in the conference session titled, “Examining technologies and approaches that are improving the efficiency and performance of electric and hybrid vehicles.”
“The next generation inverter marks another advancement for UQM as we continue to expand our reach in the commercial EV market and offer the latest technology to our customers. Our team looks forward to sharing this initial product unveiling with key customers and industry colleagues before we release it to the market as a whole,” said Mr. Schaffer, VP of Sales and Business Development.
Production ready in 2018, the next generation of the UQM PowerPhase®Pro propulsion system will feature this new inverter paired with an updated motor and software and the system will support the functional safety requirements needed for these modern applications. The system will provide up to 135 kW of output power for commercial vehicle propulsion systems and allow more than 100 kW on a continuous basis.
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.
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.
