UQM Technologies, Inc. (NYSE MKT: UQM) congratulates singer and songwriter Neil Young for his Green Performance Keynote at the 2013 SEMA Show on the topic of “Repowering the American Dream.” Addressing a crowd of automotive enthusiasts, Young discussed the development and technology of his series hybrid LincVolt powered by the UQM PowerPhase ® motor and controller system.
“We are delighted that Neil Young once again chose UQM for the electric motor and controller for this second-generation LincVolt,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “We commend him for using his considerable fame to reach an extremely diverse audience with positive messages about the benefits of vehicle electrification.”
The LincVolt is a 1959 Lincoln Continental that Young’s team converted into a series-hybrid vehicle. Recently driven across country from San Francisco to Washington, D.C., the LincVolt utilized the UQM PowerPhase motor and controller system as an integral part of the drive system, capable of moving the 2.5 ton cruiser at highway speed with ease and efficiency.
Young’s development of the LincVolt aims to inspire a generation by creating clean automobile propulsion technology that serves the needs of the 21 st Century and delivers performance that is a reflection of the driver’s spirit. You can learn more about LincVolt at www.lincvolt.com.The LincVolt demonstrates how the UQM PowerPhase systems are used to support a diverse range of applications. UQM has also supplied systems to the Audi A1 e-tron series plug-in hybrid, Hino all-electric city buses, Proterra all-electric composite transit buses, Boulder EV all-electric delivery vans, Electric Vehicles International all-electric medium-duty trucks and delivery vans and Zenith Motors all-electric shuttle vans among others. About UQM UQM Technologies, Inc. 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, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity 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 annual report on Form 10-K for the fiscal year ended March 31, 2013 and our Form 10-Q for the quarter ended September 30, 2013, both of which are available through our website at www.uqm.com or at www.sec.gov .