UQM Technologies, Inc . (NYSE MKT:UQM) congratulates KleenSpeed ® Technologies on setting a new EV lap record at ReFuel 2012. This marks the fourth consecutive year the Kleenspeed team has set a new EV lap record at the event. The KleenSpeed EV-X11 electric race car is powered by a UQM PowerPhase Select ® 145 electric motor and controller system. ReFuel 2012 is the 4 th annual clean power motorsports event for electric vehicles.
“The KleenSpeed team continues to demonstrate the performance of electric vehicles and advantages of our PowerPhase electric drive systems, providing exceptional power and efficiency with minimal weight,” said Eric Ridenour, UQM Technologies’ President and Chief Executive Officer. “We congratulate the team on their continued success on the track, as well as the awareness they are bringing to electric vehicle technologies.”
The KleenSpeed EV-X11 electric race car was driven by Kevin Mitz of Rennwerks Motorsports in the Open Prototype class during the ReFuel 2012 event. The car beat its previous record by more than six seconds, for a new EV record lap time of 1 minute, 32.046 seconds on Mazda Raceway Laguna Seca. In addition to setting a new lap time record, the KleenSpeed EV-X11 took first place in the Open Prototype class, beating a Tesla Model S Prototype and other vehicles. It also had the fastest lap time of all competitors in all classes.
“The performance of the KleenSpeed EV-X11 electric race car validates the disruptive technology of the KleenSpeed genESSsys™ Race energy storage systems,” said Tim Collins, President of KleenSpeed Technologies. “The UQM PowerPhase electric motor and controller are a great match for our system, making efficient use of the available power and requiring minimal space in the vehicle.”UQM previously announced that it is also working with KleenSpeed on the company’s World KAR platform that made its debut at the Stanford University 2012 Vehicle Concept Showcase. This vehicle uses the PowerPhase Pro ® 100 electric propulsion system. More information on this can be found at www.uqm.com. 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 .