Tuesday, June 19, 2007

UQM is Motorin'

Let's review the last several months for UQM Technologies, maker of propulsion systems for the growing electric vehicle market.

  • Phoenix Motorcars orders $9.25 million of UQM motors for Phoenix's new all electric SUT.
  • Forms strategic alliance with advanced battery maker Altairnano, one of the fastest risers in this critical market space.
  • Obtains over $1.7 million in two separate contracts from the US Air Force.
  • Announces development of a new 150kw motor ready for use in high performance vehicles (are you reading this Tesla?) and heavy duty commercial/military vehicles.
UQM has over 25 years of experience developing electric power systems for advanced vehicles. They've got proven contacts in both military and civilian markets. Their technology is proven, and is advancing.

As developers of next-gen EVs look for suppliers of motor systems, the safe bet is that UQM will be on their short list.

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