UQM Technologies, Inc. (NYSE MKT: UQM), 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, today announced that Treasurer and Chief Financial Officer Donald A. French, age 57, plans to retire on July 31, 2013.
"Don has made a number of important contributions to UQM over his long career. We greatly appreciate his contributions towards strengthening our financial position and growing our business," said Eric R. Ridenour, UQM’s President and Chief Executive Officer. "Don will remain an active member of management until his retirement and also will assist in the search for a new Chief Financial Officer to allow an orderly transition of responsibilities. We wish him all the best as he enters this new stage of his life."
Mr. French joined the company in 1987 and has served as the Chief Financial Officer over most of his 25 year tenure. Recently, Mr. French was instrumental in the company’s efforts to secure funding from the Department of Energy and purchase new facilities in Longmont, CO.
About UQMUQM 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 today, which is available through our website at www.uqm.com or at www.sec.gov .