PowerPhase Pro ® 100 electric propulsion system has been selected by KleenSpeed ® Technologies to power its World KAR platform that made its debut at the Stanford University 2012 Vehicle Concept Showcase.
“The UQM PowerPhase Pro 100 is an ideal propulsion solution for emerging electric vehicle companies like KleenSpeed,” said Eric Ridenour, UQM Technologies’ President and Chief Executive Officer. “Our propulsion systems provide the right combination of power, performance and efficiency for all-electric and hybrid-electric vehicles. As the clean vehicle sector continues to grow and gain broader acceptance, UQM is well positioned to meet the volume production demands of electric vehicle producers.”
The KleenSpeed World KAR Platform is a concept electric vehicle that was presented at the Stanford University 2012 Vehicle Concept Showcase event on June 12, 2012. The event highlights emerging electric vehicle transportation companies and their innovative product visions. The UQM PowerPhase Pro powered KleenSpeed World KAR platform will begin real-world testing next month.
“Our past work with UQM on the KleenSpeed EV-X11 racing program showed us that UQM propulsion systems provide the performance and efficiency in a small, lightweight package that we wanted in the World KAR,” said Tim Collins, President of KleenSpeed Technologies. “We look forward to working with UQM through the testing and development phase of this production-intent KleenSpeed vehicle.”Delivering maximum output of 100kW, the PowerPhase Pro 100 is market-ready and produced in the UQM high-capacity manufacturing facility. It is part of the company’s line-up of production-validated, automotive-qualified PowerPhase electric propulsion systems. About KleenSpeed Technologies KleenSpeed Technologies is a four-year-old company with a primary focus on R&D in the EV technology area. KleenSpeed is located in the NASA Ames Research Park near Mountain View, California. In addition to the development of the World KAR all-electric vehicle, KleenSpeed is working on many different classes of EV systems for vehicles of various size, scale and functionality. Please visit www.kleenspeed.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, commercial truck, bus and military 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. Please visit www.uqm.com for more information. This Release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this Release and include statements regarding our plans, beliefs or current expectations, including those plans, beliefs and expectations of our officers and directors with respect to, among other things future financial results and the continued growth of the electric-powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-K filed May 24, 2012, which is available through our website at www.uqm.com or at www.sec.gov .