FREDERICK, Colo.--(BUSINESS WIRE)--UQM TECHNOLOGIES, INC. (AMEX:UQM), a developer of alternative energy technologies, announced today that the ZeroTruck™, an all-electric zero emission medium duty truck powered by a UQM® PowerPhase® electric propulsion system is making its industry debut at the Alternative Fuel Vehicle Institute’s 2008 Alternative Fuels & Vehicles National Conference and Expo in Las Vegas, Nevada, May 11 through May 14. The ZeroTruck™, being developed by Electrorides, Inc. of Laguna Niguel, California, is the first electric truck in its class to be offered for sale in the United States in 2008. The ZeroTruck™ offers a low cab forward design, a fully automated transmission, 100 mile range with full highway capability, lithium polymer batteries, an onboard battery charger and regenerative braking. Following its Las Vegas debut, the ZeroTruck™ will travel on a national tour to other major cities in the United States.
The ZeroTruck™ features a UQM® PowerPhase® 150 kW (201 horsepower) electric propulsion system that produces peak torque of 650 N-m and peak power of 150 kW. The system has a continuous torque rating of 400 N-m and a continuous power rating of 100kW (134 horsepower). The system also features optimized four-quadrant performance, dynamic torque, speed and voltage control, and system energy efficiency of over 90 percent across substantially all of its performance regime.
“The UQM® PowerPhase® 150 electric propulsion system delivers spectacular performance with range enhancing efficiency that is ideal for our all-electric medium duty truck,” said Tedd Abramson, President and CEO of Electrorides, Inc. “We believe there is a substantial market for the ZeroTruck™ in the United States, and we hope to roll-out the first vehicles in the Los Angeles area later this year.”
“We are pleased that another electric vehicle maker has selected our PowerPhase® 150 propulsion system to power their vehicle. This recently introduced system has rapidly become the system of choice for medium duty truck and bus developers. We are excited about the potential for the ZeroTruck™ and for the opportunity to power this emission-free medium duty truck,” said William G. Rankin, UQM Technologies’ President and CEO.
UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, 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 and distributed power generation applications. The Company's headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado. For more information on the Company, please visit its worldwide 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 the development of markets for our products and the adequacy of our cash balances and liquidity to meet future operating needs. 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 January 30, 2008, which is available through our website at www.uqm.com or at www.sec.gov.