|By Business Wire||
|January 21, 2014 08:32 AM EST||
UQM Technologies, Inc. (NYSE MKT: UQM) announced that PT Sarimas Ahmadi Pratama of Jakarta, Indonesia is currently using its UQM PowerPhase Pro® 135 for their all-electric 17-passenger bus. The all-electric bus is contributing to the Indonesian government’s ambitious target to begin the mass-production of electric cars and buses in 2014.
“We are very pleased to provide our PowerPhase Pro 135 system to PT Sarimas Ahmadi Pratama and add the company to our growing list of global customers,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “We have designed a broad line of electric motors and controllers to address the specific needs of the growing electric and hybrid commercial vehicle worldwide market.” PT Sarimas Ahmadi Pratama selected the UQM PowerPhase Pro 135 based on the power density and efficiency of the system, as well as UQM’s ability to meet the demand of global performance requirements.
Delivering a maximum output of 135 kW, the PowerPhase Pro 135 is market-ready and produced in the UQM high-capacity manufacturing facility. It is part of the company’s line-up of production-validated, automotive-qualified PowerPhase electric drive systems.
UQM Technologies, Inc. is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck, bus, marine and military 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 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 management with respect to, among other things, 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 annual report on Form 10-K for the fiscal year ended March 31, 2013 and our Form 10-Q for the quarter ended September 30, 2013, both of which are available through our website at www.uqm.com or at www.sec.gov.