UQM - Sector: Technology - Industry: Electronic Instr. & Controls

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UQM Technologies Inc.
7501 Miller Drive
PO Box 439
Frederick, CO 80530
United States - Map
Phone: 303-682-4900
Fax: 303-682-4901
Website: http://www.uqm.com

Details   
Index Membership: N/A
Sector: Industrial Goods
Industry: Industrial Electrical Equipment
Full Time Employees: 68


Business Summary   

UQM Technologies, Inc., together with its subsidiary, UQM Power Products, Inc., engages in the research, development, and manufacture of permanent magnet electric motors and the electronic controls for such motors. It operates in two segments, Technology and Power Products. The Technology segment conducts research and engineering activities directed towards the development of new motors, generators, and power electronic controllers to meet the requirements of customers’ specific product applications; and the integration of its motors, generators, and power electronic controllers into customers' products. The Power Products segment involves in the manufacture of motors, generators, and power electronic controllers. Its products include electric propulsion systems, higher power engine generators, electric auxiliaries and DC-to-DC converters, and DC-to-AC inverters, as well as propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories, and other vehicle auxiliaries. The company sells its products to customers in the automotive, agriculture, industrial, medical, and aerospace markets. UQM Technologies, Inc. was founded in 1967 and is headquartered in Frederick, Colorado.


Business Overview

BRIEF: UQM Technologies, Inc. is engaged in the research, development and commercialization of permanent magnet electric motors and the electric controls for such motors, the grinding of high precision gears and the manufacture of electronic circuit board assemblies. For the 9 months ended 12/31/04, revenues fell 25% to $3.2M. Net loss from cont. ops. rose 60% to $1.4M. Results reflect cost overruns on certain engineering contracts and lower overhead absorption. http://www.uqm.com/

[setravis]

InPlay: UQM Technologies trading up 26% after announcing before the open that it 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 (UQM) 3.55 +0.73

Also, this should be interesting, ended the day on the high note...
Nice action with volume. Let's see the run continue tomorrow.
Busted through the 200-day MA.  

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UQM Technologies Supplying Electric Drive Motors for Audi A1 e-tron Test-fleet Build
Audi A1 e-tron development vehicles are powered by UQM PowerPhase® electric propulsion systems
UQM develops and produces energy-efficient electric motors, generators and power electronic controls for electric and hybrid vehicles


Press Release Source: UQM Technologies, Inc. On Tuesday February 8, 2011, 8:30 am EST

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.


Contact:
UQM Technologies, Inc.Donald A. French, 303-682-4900orBPC Financial MarketingJohn Baldiserra, 800-368-1217