UQM Technologies to Supply Kalmar Motor AB for Electric Airplane Tugs to Major Airlines
By Business Wire News
By Business Wire News
UQM Technologies, Inc. (NYSE MKT: UQM) announced today that Kalmar Motor AB in Sweden has successfully passed vehicle trials with major airlines and plans on beginning production orders by mid-2016 using the PowerPhase® HD220, UQM’s heavy-duty commercial traction electric motor/controller system, for their TBL50 airplane tugs. Ground handling tugs play a vital role at airports by enabling large aircraft to be moved from their hangars to the passenger gate, as well as for pushback and other taxiing functions on the runway.
These mission critical vehicles require total reliability and around-the-clock service in all weather conditions. Kalmar Motor has been the pioneer of the unique TBL towbarless concept and is now developing a new generation of tugs that will enable airports to cut their use of diesel-driven tractors to address growing demands for reduced environmental emissions.
“UQM continues to expand into new heavy-duty commercial markets, and this tug by Kalmar Motor is a prime example of a new propulsion application where UQM is the ideal electric drive system provider. We are looking forward to working with such a respected and well known partner as Kalmar in this growing market,” said Joe Mitchell, President and CEO of UQM.
Magnus Johansson, Sales Director of Kalmar, said, “The UQM control software allows us the versatility we need for these demanding vehicles, and their electric motor systems offer the best power density, performance and efficiency we have seen in the industry. This makes UQM ideally suited for rigorous aircraft towing applications that require as little downtime as possible.”
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 Kalmar Motor AB
Kalmar Motor AB is a company specialized in vehicles for moving aircraft. The company was established in 1969, is privately owned and is located in the city of Kalmar, Sweden. Kalmar’s product range includes both conventional towbar tractors and towbarless (TBL) tractors with capacity of handling regional aircraft up to wide-body aircraft. With more than 40 years of experience in this field, Kalmar Motor has become a technology leader in towbarless handling of aircraft. For more information please visit www.kalmarmotor.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.comor at www.sec.gov.
The Blueshirt Group
Shawn Severson, 415-489-2198
UQM Technologies, Inc.
David Rosenthal, 303-682-4900
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