About UQMUQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial 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 TS 16949 and ISO 14001 certified and located in Longmont, Colorado. For more information, please visit www.uqm.com About Wuzhoulong Motors Group Shenzhen Wuzhoulong Motors Group is a high-tech enterprise specializing in manufacturing and exporting different series bus and coach, especially environment-friendly buses. Characterized with Wuzhoulong new energy buses as its main products, Wuzhoulong has developed more than 150 varieties of products covering all bus fields, such as hybrid buses, pure electric bus, new energy bus, diesel bus and coach. Its sales not only covers 20 more provinces and cities in China, including Hong Kong and Macau, but also overseas districts and markets such as America, Latin America, Middle-east, and African countries, totaling over 40 countries. 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 management with respect to, among other things, gaining required certifications, 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 Form 10-K and Form 10-Q's, which are available through our website at www.uqm.com or at www.sec.gov . Source: UQM Technologies, Inc.
UQM Technologies Inc. (NYSE MKT: UQM) today announced that Shenzhen Wuzhoulong Motors, a new energy bus manufacturer, recently unveiled a 12-meter bus for the China market, powered by the UQM electric drive system. Wuzhoulong Motors announced this bus at the Shenzhen International Electric Tradeshow as the Wuzhoulong F2 Felicity 12-meter fast charge high performance bus. This 12-meter bus uses the UQM PowerPhase ®DT HD250 propulsion system with the UQM 2-speed Eaton transmission. According to Wuzhoulong Motors, with peak power of 250 kW and peak torque of 3050 Nm, this bus saves 32% in volume and 53% in weight when compared with the leading bus E-drive competitors in the marketplace. In addition to the advantages of the UQM electric propulsion system, the Wuzhoulong bus adopts a light weight design and aluminum body to realize higher EV performance. Joe Mitchell, CEO of UQM said, "After much hard work getting this bus deployed, we are glad to see the market entry of the UQM drivetrain in China. This should speed up the adoption of UQM technology in China, and underscores the move away from direct drive towards more power and torque dense UQM motors paired with a 2-speed transmission as the most efficient solution for the transit bus vehicle application in the marketplace." Wuzhoulong Motors started China's first national new energy bus commercial demo operation route line in 2005. Today, nearly 3,000 Wuzhoulong new energy buses are running in more than 20 routes in China. Mr. Chen Qingquan with the Chinese Academy of Engineering, and the World Electric Vehicle Association Founding President, said during the unveiling, "UQM has very good power density and high performance. The UQM drive system Wuzhoulong used has better performance than the other E-drive suppliers, and the UQM drive system saves in volume and weight. Today, I'm very happy to see UQM come to China and become bigger and bigger."