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UQM Technologies PowerPhase HD® Electric Drive Systems Selected To Power Boulder EV Delivery Vans For FedEx Express

UQM TECHNOLOGIES, INC. (NYSE MKT:UQM), has begun supplying the PowerPhase HD ® 220 electric drive systems to Boulder EV to build delivery vans for FedEx Express.

“We just introduced the PowerPhase HD 220 electric drive system last month at EVS26 and have been selected to power the Boulder EV delivery vans as part of the FedEx Express all-electric fleet of vehicles,” said Eric R. Ridenour, UQM Technologies’ President and Chief Executive Officer. “Getting our new product out into commercial fleet customers like Boulder EV and FedEx Express is an excellent way to demonstrate its performance and efficiency advantages and will set the foundation for future sales growth.”

As part of this initiative, Boulder EV will use the PowerPhase HD 220 systems in its composite delivery van designed specifically as an all-electric vehicle. Delivering a maximum output of 220kW, and 120kW on a continuous basis, the PowerPhase HD 220 offers commercial trucks and buses an efficient path to the adoption of electric propulsion technology in heavy-duty vehicles.

“UQM electric drive systems provide excellent performance in a very efficient package,” said Carter Brown, Chief Executive Officer of Boulder EV. “We look forward to working with UQM on this and future programs.”

About Boulder EV

Boulder EV is a green tech manufacturing company that makes purpose-built, all-electric delivery trucks and Work Utility Vehicles (WUV) or cargo vans. These are designed from the ground up to meet the lightweight aerodynamic and safety needs of all-electric vehicles.

Please visit www.boulderev.com for more information.

About UQM

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.

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