UQM Technologies, Inc. (NYSE MKT: UQM) electric motors and controllers are at the heart of the new Regen Nautic E180 all-electric outboard motor introduced this week at the Dusseldorf Boat Show. This is in addition to series-hybrid electric systems that Regen Nautic has developed for yachts, trawlers, and sailboats over 50 feet using UQM ® components.
“Working with Regen Nautic, we continue to expand the marine applications for our electric propulsion products,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “Our systems are ideally suited for marine applications which require exceptional performance, whether used in all-electric or series-hybrid propulsion systems.”
The E180 uses a UQM PowerPhase Select ® 145 electric motor and controller system, mounting them inside a traditional-looking outboard motor package. Regen Nautic says that the E180 has power-output equivalent to a 180-horsepower gas-powered outboard motor. The system is controlled via an easy-to-use push-button interface at the helm station created by Regen Nautic.
“The E180 electric system mounts and operates much like a traditional outboard motor,” said Pierre Caouette, ReGen Nautic President and Chief Operating Officer. “This provides a viable option for those wanting electric power to significantly reduce operating costs, as well as remove their carbon footprint from watersports.”The Regen Nautic E180 will be on display at the Dusseldorf Boat Show, happening now through January 27, 2013. About ReGen Nautic USA ReGen Nautic USA is a private corporation located in Fort Lauderdale, Florida. The company has developed hybrid-electric propulsion systems for yachts, trawlers, and sailboats over 50 feet. It customizes automation systems to boat design, and the company’s products are the unique components needed for system function. It manufactures high voltage boxes and licenses the software for integration and safety systems. ReGen Nautic has pending patents that protect its intellectual property related to integrating, optimizing and combining components of marine hybrid systems, providing efficient operation and fuel savings. For more information, please visit www.regennautic.com. 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, marine and military markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is 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 orders to be received, 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-Q filed October 25, 2012, which is available through our website at www.uqm.com or at www.sec.gov .
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