UQM Technologies Receives Order for 50+ Electric Drive Systems from International Automobile Company

UQM Technologies, Inc. has received an initial order for more than fifty PowerPhase electric propulsion systems as part of the fleet build and vehicle development activities of an established international automobile manufacturer.

Deliveries under the order are scheduled to occur in the fourth calendar quarter of 2010 and the first calendar quarter of 2011.

We have been in discussion with and under evaluation by this new customer for over six months and have satisfied their demanding requirements for system performance, safety, quality, availability and price. Introduction of this vehicle is targeted for 2012 and we have quoted delivery and price for over 25,000 systems.

—William Rankin, President and CEO of UQM Technologies

Rankin said that this automobile company represents the ninth with vehicles under evaluation powered by UQM electric propulsion and/or generator systems.


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