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UQM Technologies Is Pleased To Announce The Appointment Of Adrian Schaffer As Vice President Of Sales And Business Development

UQM Technologies, Inc . (NYSE Amex: UQM) is pleased to announce that Mr. Adrian Schaffer has joined UQM as Vice President of Sales and Business Development. Mr. Schaffer brings a proven track record of performance as a senior sales executive in several automotive industry Tier One suppliers and a wealth of contacts and relationships in the automotive industry developed over his career.

“We are pleased Adrian has joined the UQM team where his extensive experience in sales and business development in both domestic and overseas markets will enhance our ability to penetrate the new global markets for clean automobiles, trucks, buses and boats with our automotive qualified high performance and energy efficient electric propulsion system technology,” said Eric R. Ridenour, UQM Technology’s President and Chief Executive Officer. “The addition of Adrian to this VP level sales and business development position completes our executive team and complements our existing strengths in engineering and volume manufacturing of our technologically advanced and energy efficient products for the emerging clean vehicle markets.”

Mr. Schaffer was most recently Vice President of Sales for the Industrial Commercial & Energy Group (ICE) for Linamar Corporation - a leading supplier to the global vehicle and mobile industrial equipment markets. Prior to that, Adrian spent nearly twenty years in senior executive and sales positions at Motorola where he successfully launched new technologies that are now a part of the global vehicle marketplace. Adrian earned his Executive MBA from Michigan State University and has a Bachelor of Arts degree from Oberlin College.

UQM has announced business agreements to supply Audi, Rolls-Royce and Saab with electric propulsion systems for pre-production test fleets. The company has an installed production line capacity of 40,000 units per year from which it is currently supplying automotive qualified electric propulsion systems to CODA Automotive for its all-electric passenger car and to meet the future requirements of its other OEM customers. UQM also supplies Proterra Inc. with electric propulsion systems to power their composite transit bus, as well as Electric Vehicles International (EVI) for its medium-duty delivery vehicles.

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