UQM Technologies Will Provide Systems to Zenith Motors, LLC All-Electric Shuttle Vans
Zenith Motors, LLC will use UQM Technologies PowerPhase Pro® 135 systems
Shipments of the UQM electric drive systems will begin in June 2013
LONGMONT, Colo.--(BUSINESS WIRE)-- After a year of competitive testing, Zenith Motors, LLC has selected UQM Technologies, Inc. (NYSE MKT: UQM) to provide PowerPhase Pro® 135 systems as the drivetrain in its all-electric shuttle vans. Shipments of the PowerPhase Pro 135 systems to Zenith Motors are scheduled to begin in June 2013.
"This agreement with Zenith Motors demonstrates the strength of our product variety, giving us the ability to provide the right power and efficiency for a broad customer base," said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. "Zenith Motors will be using our PowerPhase Pro 135 volume production system, which complements our larger PowerPhase HD® systems for heavier commercial vehicle applications."
"After a year of extensive testing, we have selected UQM as the supplier of choice for our vehicles," said Bill Yung, Chief Executive Officer of Zenith Motors, LLC. "The systems performed well providing the capability, efficiency and reliability that we are looking for in an electric motor and controller system for our shuttle vans."
The UQM PowerPhase Pro 135 is part of the PowerPhase Pro® family of vehicle electrification products and provides a peak torque of 340 Nm, peak power of 135 kW and 60 kW of continuous power. UQM also offers the production-ready PowerPhase HD 220 and 950T systems for heavier commercial vehicle applications.
About Zenith Motors, LLC
Zenith Motors is based in Crestview Hills, KY, and is a manufacturer of electric shuttle vans for hospitals, schools, airports, parking facilities and the hospitality industry. Zenith Motors is proactively helping companies reduce their fleet operating costs by eliminating the cost of gasoline, reducing the maintenance costs and maximizing the up-time between scheduled maintenance. In addition to reducing fleet costs, Zenith's customers create a healthier community by driving electric shuttle vans that help in the reduction of carbon emissions and noise pollution. Please visit www.Zenith-Motors.com for more information.
About UQM Technologies, Inc.
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 officers and directors with respect to, among other things, future orders to be received, future financial results 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 filed May 23, 2013, which is available through our website atwww.uqm.comor atwww.sec.gov.
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UQM Technologies, Inc.
KEYWORDS: United States North America Colorado Kentucky
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