Australia-based EV Engineering has set an unofficial world distance record with its all-electric Holden Commodore passenger car propelled by a UQM electric propulsion system. The car was driven a total of 1,172 miles (1,886 kilometers) in 24 hours, traveling back and forth between Port Melbourne and Geelong, Australia. “We congratulate EV Engineering on this achievement and their efforts to demonstrate the capabilities and advantages of electric vehicles,” said Eric Ridenour, UQM Technologies’ President and Chief Executive Officer. “Achievements such as these further validate the efficiency of our PowerPhase Select ® electric propulsion systems.” This record-setting car and the entire fleet of EV Engineering’s proof-of-concept vehicles are powered by a UQM PowerPhase Select 145 electric drive system. The EV Engineering project converted a fleet of locally manufactured Holden Commodore passenger cars to proof-of-concept electric vehicles to demonstrate the technical viability and attractiveness to customers of a full-size electric car. If successful, technologies used in the project could be considered for possible future mass production. "While our achievement is not an official record, it’s a sound validation of our car’s capabilities," EV Engineering CEO Ian McCleave said. “It’s a great feeling to see the electric car our team designed and developed in Australia beat the world EV distance record." The EV Engineering proof-of-concept vehicles have the ability to swap battery packs via stations created by infrastructure provider Better Place. The team swapped battery packs after completing each loop during this long-distance run. UQM PowerPhase electric propulsion systems have been selected to power CODA Automotive passenger cars, the Audi A1 e-tron, Rolls-Royce 102EX Electric Phantom and fuel cell London Taxi pre-production test fleet vehicles. UQM is also powering Hino electric buses, Proterra electric composite transit buses, Electric Vehicles International all-electric medium-duty truck and walk-in delivery vans for UPS, and Boulder EV delivery vans for Federal Express.
About EV EngineeringHeadquartered in Melbourne, Australia, EV Engineering is a collaborative venture between leading Australian automotive suppliers: Air International, Bosch, Continental, Futuris; leading industrial company GE, and electrical infrastructure provider Better Place; to develop a proof-of-concept Australian electric vehicle. The project goal is to demonstrate the technical viability and attractiveness to customers of a large electric vehicle. If successful, the project will allow technologies to be considered for possible future mass production and will help to develop electric vehicle engineering skills and components within the Australian supplier industry. The Australian Government’s Green Car Innovation Fund has contributed $3.55 million (AUD) to the project. Please visit www.evengineering.com.au for more information. About UQM UQM Technologies, Inc. (NYSE MKT: UQM) 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 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 July 31, 2012, which is available through our website at www.uqm.com or at www.sec.gov .