LONGMONT, CO – October 6, 2010 – (Motor Sports Newswire) – UQM TECHNOLOGIES, INC. (NYSE Amex: UQM), a developer of alternative energy technologies, announced today that a UQM® PowerPhase® 145 electric propulsion system is powering an electric Superbike being unveiled at the San Jose Battery show this week by American pro motorcycle racer Chip Yates and his Swigz.com Pro Racing Team. The electric Superbike features four high speed onboard networks processing more than 150 channels of data used by its proprietary race finishing software.
The electric Superbike is scheduled to compete in next years FIM ePower and TTXGP Championships for electric motorcycles. The UQM® PowerPhase® 145 electric propulsion system delivers peak power of 145 kW and peak torque of 400 Nm. The Superbike is expected to have a racing range of 40 km at full pace utilizing a 11.5 kWh lithium ion battery pack.
“We are pleased to add the Swigz.com Pro Racing Team to our roster of customers who are developing high performance vehicles”, said William G. Rankin, UQM Technologies’ Chief Executive Officer. “The performance, durability, efficiency and power density of our electric propulsion systems enables the development of exciting all-electric racing machines like the Superbike that can meet the demanding requirements of the racing circuit.”
For more information on the electric Superbike and Chip Yates and his Swigz.com Pro Racing Team, please visit their website a www.chipyates.com.
UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries. The Company’s headquarters, engineering and product development center, and manufacturing operation are located in Longmont, Colorado. For more information on the Company, please visit our website at 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 officers and directors with respect to, among other things, future financial results, our ability to successfully expand our manufacturing facilities, 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 July 29, 2010, which is available through our website at www.uqm.com or at www.sec.gov.
John Baldiserra, 800-368-1217
UQM Technologies, Inc.
Donald A. French, 303-682-4900