Audi Expands Testing Of A1 E-tron With UQM Technologies PowerPhase® Electric Drive System
UQM Technologies, Inc.
(NYSE MKT: UQM) PowerPhase
systems provide the electric drive in the Audi A1 e-tron extended-range
electric vehicles that will undergo additional testing in 2013 in the
UQM Technologies, Inc. (NYSE MKT: UQM) PowerPhase ® systems provide the electric drive in the Audi A1 e-tron extended-range electric vehicles that will undergo additional testing in 2013 in the NPE (National Platform of Electrification) in Germany. The German Federal Ministry of Education and Research is promoting this program to demonstrate and further develop the viability of electric vehicles. Audi will participate in the regions of Bavaria/Saxony, Berlin-Brandenburg and Baden-Württemberg, addressing different focal topics in each area. “The key attributes of our electric motors and controllers offer the same advantages in extended-range electric vehicles as they do in electric-only applications,” said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “Our higher efficiency systems provide the potential for longer all-electric mode and an overall improved fuel economy in extended-range vehicles.” Extended-range vehicles rely on the electric powertrain for propulsion and use an internal combustion engine (ICE) to charge the battery pack. For example, the Audi A1 e-tron extended-range all-electric test-fleet vehicles use UQM PowerPhase Select 125 systems to drive the wheels at all times. The ICE in the car is used to generate electricity to extend the range as needed. The maximum all-electric range of the A1 e-tron is 30 miles (50 km), while the maximum combined range in the New European Driving Cycle (NEDC) is 155 miles (250 km). In addition to efficiently supplying power to drive extended-range and electric-only vehicles, energy is captured by the PowerPhase system through regenerative braking, returning electricity to the battery pack during deceleration and braking. UQM offers a number of PowerPhase systems for full-electric and extended-range applications. These include the PowerPhase Select ® system used in the A1 e-tron, plus the PowerPhase Pro ® 100 and 135, along with the all-new PowerPhase HD ® 220 introduced this year for commercial vehicle applications. 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 January 31, 2013, which is available through our website at www.uqm.comor at www.sec.gov.