This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

UQM Electric Propulsion System Selected To Power Australian Test Fleet Being Developed By EV Engineering

Stocks in this article: UQM

The UQM Technologies, Inc . (NYSE Amex: UQM) PowerPhase Select ® 145 electric propulsion system has been selected by EV Engineering to power its proof-of-concept fleet of Australian-built EV Commodore electric vehicles.

The EV Engineering project is converting a fleet of locally manufactured Holden Commodore passenger cars to proof-of-concept fully-electric vehicles by June 2012, to demonstrate the technical viability and attractiveness to customers of a full-size electric car. If successful, technologies used in the project could be considered for possible future mass production.

“We believe that Australia’s automotive future lies with electric cars,” said Ian McCleave, EV Engineering Chief Executive Officer. “We’re working with leaders in the industry to build an electric model of Australia’s most popular manufactured car for 15 successive years. In doing so, we’re demonstrating the technical viability and attractiveness of large, comfortable electric cars; and helping to build leading-edge skills in EV technologies. We’re pleased to work with UQM as we demonstrate the viability of large, comfortable electric cars in Australia. The PowerPhase motors from UQM have proven to be durable and reliable while delivering the power required for a full-sized electric vehicle.”

The EV Commodore electric vehicle project is led by EV Engineering, a collaborative venture between leading Australian automotive suppliers: Air International, Bosch, Continental and Futuris; along with leading industrial company GE, and electric car infrastructure provider, Better Place, to develop a proof-of-concept electric vehicle for the Australian market.

“Programs such as this help demonstrate the viability of electric vehicles and educate the public on the advantages of vehicles equipped with our PowerPhase electric propulsion systems,” said Eric Ridenour, UQM Technologies President and Chief Executive Officer. “Our PowerPhase 145 that will power the EV Commodore proof-of-concept cars is a powerful, compact and highly efficient turn-key electric propulsion system. As the electric vehicle market continues to grow globally, we are positioned to meet the increasing demand with proven products and a strong manufacturing infrastructure.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs