LONGMONT, Colo.--(BUSINESS WIRE)--During the London 2012 Summer Olympics, one of the vehicles people will see is an Audi A1 e-tron dressed in German colors and propelled by the efficient power of an UQM Technologies, Inc. (NYSE MKT: UQM) electric drive system.
Audi, a partner of the German Olympic Sports Confederation (DOSB) and the National Paralympic Committee Germany (DBS), presented the Olympic squad with an Audi A1 e-tron in German colors. The Audi A1 e-tron is an electric car with a range extender. The vehicle is electric drive system uses a UQM PowerPhase Select® 125 electric motor and controller. The A1 will be used as an exhibition car and to reinforce the shuttle service between the German House and the MS Deutschland cruise ship, which Audi will equip with a total of 60 vehicles.
“Audi continues to utilize UQM’s PowerPhase systems in its fleet of A1 e-tron test vehicles,” said Eric Ridenour, UQM Technologies President and Chief Executive Officer. “We are excited that attendees of the London 2012 Olympic Games will have an opportunity to see one of the vehicles in use.”
UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck, 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 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.