UQM Technologies, Inc . (NYSE Amex: UQM) expands into the marine hybrid electric market through collaboration with ReGen Nautic USA, Inc. to develop multiple hybrid electric marine propulsion systems. ReGen Nautic is working with several marine original equipment manufacturers to provide these propulsion systems as energy-saving powertrain options for yachts, trawlers and larger sailing boats.
“Our collaboration with ReGen Nautic showcases the additional growth opportunities when electric propulsion technology is introduced into industries beyond the automotive sector,” said Eric Ridenour, UQM Technologies President and Chief Executive Officer. “We believe that combining the application knowledge of ReGen Nautic and the electric motor and controller expertise of our company, we can create systems that greatly improve efficiency, increase performance and offer additional benefits that apply to marine applications.”
UQM Technologies will work with ReGen Nautic to integrate UQM PowerPhase ® hybrid electric systems into a variety of marine applications. Implementation of UQM electric motors and controllers in marine propulsion systems will allow for the capture and storage of more energy while reducing the overall weight of the vessel, increasing cruising speeds, reducing maintenance costs, offering silent operation mode and delivering better overall vessel performance.
“We are working with UQM to develop several hybrid electric systems for the marine industry that will provide dramatically better performance than even the newest diesel technology,” said Pierre Caouette, ReGen Nautic President and Chief Operating Officer. “Our systems will provide vastly improved reliability and ease of use for the customer, along with the highest standard of safety.”UQM PowerPhase electric propulsion systems have been selected to power the Saab 9-3 ePower, Audi A1 e-tron and Rolls-Royce 102EX Electric Phantom pre-production test fleet vehicles. UQM is also powering Proterra’s electric composite transit buses, as well as Electric Vehicles International’s all-electric medium-duty truck and walk-in van. The company has a new facility with 40,000 units of annual production capacity for its PowerPhase electric propulsion systems to support the commercial launch of CODA Automotive and other customer applications.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV