LONGMONT, Colo.--(BUSINESS WIRE)--UQM Technologies, Inc. (NYSE Amex: UQM) CEO Eric Ridenour will provide his insights on the opportunities in the electric powertrain business as part of the Energy Efficient Products and Clean Air Technologies panel presentation at the 2011 FBR Energy and Industrials Conference, Thursday, May 12, 2011, at the Waldorf-Astoria Hotel in New York City.
“Market dynamics, government regulations and consumer incentives are accelerating the acceptance and expansion of electric vehicles, creating growth opportunities for experienced electric propulsion companies like ours,” said Eric Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. “At the FBR Energy and Industrials Conference, I’ll discuss the performance advantages of our products and the steps we have taken to prepare our company for potentially rapid growth.”
UQM Technologies is supplying electric propulsion systems to Rolls-Royce’s recently announced 102EX Electric Phantom, joining Saab’s 9-3 ePower and Audi’s A1 e-tron as a user of UQM PowerPhase® propulsion systems in a pre-production test fleet.
The company recently relocated to a 130,000-square-foot facility where it has installed fully validated production lines and processes that meet the Advanced Product Quality Planning (APQP) automotive standards with an annual production capacity of 40,000 units in anticipation of increased OEM volume requirements.
Mr. Ridenour’s panel presentation at the conference will take place Thursday, May 12, 2011, at 10:30 a.m. EDT.
The conference will host presentations from over 80 public and select private companies. The conference also affords participating companies the opportunity to have one-on-one meetings with investors.
UQM Technologies 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 for UQM 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. UQM headquarters, engineering, product development center and manufacturing operation are located in Longmont, Colorado.
Please visit www.uqm.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 officers and directors with respect to, among other things, orders to be received under our supply agreement with CODA Automotive, 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 February 1, 2011, which is available through our website at www.uqm.com or at www.sec.gov.