LONGMONT, Colo.--(BUSINESS WIRE)--UQM TECHNOLOGIES, INC. (NYSE MKT:UQM), a developer of alternative energy technologies, announced today that its PowerPhase® electric drive system is powering the Hino electric city-bus, featuring their ‘Poncho’ low floor bus platform, already deployed in Japan.
As part of this deployment, Hino has placed the new electric city-buses in service at the Hamura City and Tokyo Sky Tree tourist locations. Hino expects to put more buses in service this year as new routes are established in cooperation with Japan’s Ministry of Land, Infrastructure, Transport and Tourism.
“We have worked with Hino on this electric bus project for some time and it is extremely rewarding to have the buses put into public service,” said Eric R. Ridenour, UQM Technologies’ President and Chief Executive Officer. “We are seeing growth in the electrification of the commercial-vehicle market, such as this program with Hino, as well as our volume-production passenger-car systems. We are well prepared to meet technology and production needs of a wide range of customers.”
The Hino electric buses are powered by the UQM PowerPhase Select® 200 systems, comprised of a power-dense electric motor and advanced controller. Together, the system provides an extremely efficient electric powertrain that is well-suited for commercial vehicles. The systems are rated at 900 Nm of peak torque, 200 kW of peak power, and 115 kW of continuous power.
Hino is a manufacturer of diesel trucks, buses, and other vehicles based in Hino, Tokyo, Japan. Hino-brand trucks and buses are marketed in over 70 countries/regions including the US, and worldwide sales exceed 120,000 vehicles a year. Hino is a subsidiary of Toyota Motor Corporation.
UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck and bus and military 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, future financial results 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 filed May 24, 2012, which is available through our website at www.uqm.com or at www.sec.gov.