UQM Technologies, Inc
. (NYSE Amex: UQM)
has begun volume production of its PowerPhase Pro® electric motors and controllers. The Company’s high-volume production line has a capacity of 40,000 units on two shifts.
“The launch of volume production of our electric motors and controllers marks a new milestone in the history of UQM Technologies and is a significant step in the broad commercialization of our electric propulsion systems,” said Eric Ridenour, UQM Technologies’ President and Chief Executive Officer. “Moving into the high-volume production phase for our state-of-the-art high efficiency electric propulsion systems is a boost to our company in many ways, including generating a substantial increase in our revenue and by validating that our company can deliver volume product with the performance and durability that automakers expect.”
The Company will host a conference call today at 4:30 p.m. Eastern Time to discuss operating results for the quarter and six months ended September 30, 2011. To attend the conference call, please dial 1-800-762-8908 approximately ten minutes before the conference is scheduled to begin and provide the passcode “4483010” to access the call. International callers should dial 1-480-629-9868. For anyone who is unable to participate in the conference, a recording will be available for 48 hours beginning at 6:30 p.m. Eastern Time today. To access the playback call 1-800-406-7325 and enter replay code “4483010#”. International callers should dial +1 303-590-3030.
About UQM Technologies, Inc.
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.