UQM Technologies Receives Increased Orders from Zenith Motors for PowerPhase Pro® 135 Electric Motor Systems for the Medium Duty Truck Delivery Market
By Business Wire News
By Business Wire News
UQM Technologies Inc. (NYSE MKT: UQM) today announced that Zenith Motors, LLC has received increased customer orders for their Zenith delivery vehicles that are powered by the UQM PowerPhase Pro® 135 technology.
“Zenith has taken the time to do these vehicles right, and now the follow-on orders show their growth in the marketplace,” said Joe Mitchell, Interim CEO and President of UQM Technologies, Inc. “Zenith has ramped up their production and we are seeing new orders to meet this increasing customer demand.”
The Zenith Electric Shuttle and Cargo Vans are 100% electric. These electric vans can travel up to 60 miles per hour with a range from 90 to 120 miles per charge (depending on the battery options chosen). The van can fully charge in 6.5 hours, or with an upgraded onboard battery charger can reduce this time to 4 hours. The shuttle van seats up to 11 passengers, while the cargo van sports a payload capacity of 3,000 lbs. Zenith Electric vans are saving fleet operators an estimated $100,000 over 300,000 miles.
The UQM PowerPhase Pro 135 is the UQM Technologies’ vehicle electrification product which provides a peak torque of 340 Nm, peak power of 135 kW and 60 kW of continuous power. UQM also offers production-ready PowerPhase HD® automotive systems for heavier commercial vehicle and electric bus applications. The high efficiency of UQM PowerPhase systems provides higher value to the customer, as well as enables vehicle manufacturers to meet their all-electric range goals and compliance with stricter emissions standards.
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.
About Zenith Motors, LLC
Zenith Motors is based in Crestview Hills, KY, and is a manufacturer of electric shuttle vans for hospitals, schools, airports, parking facilities and the hospitality industry. Zenith Motors is proactively helping companies reduce their fleet operating costs by eliminating the cost of gasoline, reducing the maintenance costs and maximizing the up-time between scheduled maintenance. In addition to reducing fleet costs, Zenith’s customers create a healthier community by driving electric shuttle vans that help in the reduction of carbon emissions and noise pollution. Please visit www.zenith-motors.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 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.comor at www.sec.gov.
StreetSmart Investor Relations
Annie Leschin, 415-775-1788
UQM Technologies, Inc.
David I. Rosenthal, 303-682-4900