LONGMONT, Colo.--(BUSINESS WIRE)--
UQM Technologies Inc. (NYSE MKT: UQM) today announced that it has received a new and updated China certification on its PowerPhase® HD250 electric propulsion system that meets the latest 2015 version of the Chinese general specifications for electric motors and inverters for electric vehicles. The testing, conducted over a two month period at the China Automotive Technology & Research Center in Tianjin, included extensive system performance analysis for power and torque, environmental examinations including vibration, salt spray, sealing performance and electrical testing.
The UQM PowerPhase HD250 system is specifically designed for heavy-duty drive applications and provides up to 95 percent system efficiency. The system consists of a high-performance, liquid-cooled, permanent magnet motor and a high-power, liquid-cooled inverter with a full-featured digital signal processor controller. This system is used in the recently announced PowerPhase DT drivetrain with a two speed Eaton transmission for several key China bus customers, including HK Group, Wuzhoulong Motors and ITL.
“This milestone is significant, and comes at a time when we are executing on our China expansion strategy. Because of UQM’s high torque and power density performance, this certification will allow Chinese customers to be eligible for the highest levels of government incentives,” said Joseph Mitchell, President and Chief Executive Officer of UQM Technologies. “This official endorsement from a major China certified laboratory shows that our electric propulsion system meets the most current strict standards that have been established by China, and is an important step for our partners to achieve full vehicle level certification. This certification is mandatory to do business in China and with our transit bus trials now underway, this will help our China customers move closer to rapid deployment and volume sales.”
About UQM
UQM 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.
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.
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