Martin..a related article to your link...phpi in uqm
biz.yahoo.com
UQM Technologies Selected by Ecostar to Supply
Fuel Cell Compressor Drive Motors for Use in
Ford's and DaimlerChrysler's Next Generation
Fuel Cell Engine Vehicles
GOLDEN, Colo., Feb. 12 /PRNewswire/ -- UQM TECHNOLOGIES, INC. (Amex:
UQM - news) announced today that it has been selected by Ecostar Electric
Powertrain and Power Conversion Systems to supply fuel cell compressor drive
motors. The motors are a critical component of the auxiliary motor and control
system designed and integrated by Ecostar. The UQM compressor drive motors
are highly energy efficient and have been optimized for the specialized operating
characteristics of fuel cell engines.
``Our selection by Ecostar to supply compressor drive systems for Ford's and
DaimlerChrysler's next generation of fuel cell vehicles is the culmination of a
nearly two year development collaboration with Ecostar. The combination of our
expertise in highly efficient motors and Ecostar's expertise in system design,
integration and inverter electronics has resulted in our selection as a supplier by
the world leaders in fuel cell engines,'' said William G. Rankin, President and
Chief Executive Officer of UQM Technologies.
``This joint development with UQM Technologies has resulted in an auxiliary
motor and inverter system designed specifically to meet very demanding power,
weight and package size requirements of fuel cell engine vehicles. We are pleased
to have UQM Technologies as a supplier,'' said Ross Witschonke, President and
Chief Executive Officer of Ecostar.
The Ecostar auxiliary system powers and controls the compressed air system of
the fuel cell engine. Substantially all fuel cell engines use an air transfer system to
facilitate the chemical reaction inside the fuel cell that leads to the production of
energy. The air transfer system uses a compressor driven by an electric motor that
consumes a portion of the electricity produced by the fuel cell to enable the fuel
cell's operation. Improvements in the efficiency of fuel cell auxiliary systems
improve the overall energy output of the fuel cell engine. Automobiles powered
by fuel cell engines, use the energy in the fuel almost twice as efficiently as a
gasoline engine and are virtually silent and environmentally friendly.
Ecostar Electric Drive Systems was formed in 1998 and is part of the fuel cell
alliance between Ford Motor Company, Ballard Power Systems and
DaimlerChrysler. Ford owns 62 percent of Ecostar, while DaimlerChrysler and
Ballard own 17 percent and 21 percent respectively. Ecostar is the primary
development center for the alliance's power electronics and electric drives.
Ecostar's specific area of expertise includes power conversion, mechanical design,
hardware and software for motor and vehicle controls and system integration.
Ecostar's components are applicable to all types of electric vehicles, including fuel
cell powered, battery and hybrid electric vehicles. Ecostar also develops power
inverters and controls for stationary power generation. Ecostar is located in
Dearborn, Michigan, with offices in Germany and Canada. For more information
on the company, please visit its worldwide web site at
ecostardrives.com.
XCELLSIS Fuel Cell Engines is focused on developing, manufacturing and
commercializing fuel cell engines for buses, cars and trucks. XCELLSIS is 51
percent owned by DaimlerChrysler, with Ballard Power Systems and Ford owning
27 percent and 22 percent, respectively.
UQM Technologies, Inc. is a leading developer and manufacturer of power,
dense, high efficiency motors, gear assemblies and electronic assemblies for the
automotive, aerospace, telecommunications, medical and industrial markets. A
major emphasis of the Company is developing products for the alternative energy
technologies sector including power systems for electric, hybrid electric and fuel
cell electric vehicles, 42-volt vehicle auxiliaries and distributed power
applications. The Company's headquarters and engineering and product
development center are located in Golden, Colorado. Manufacturing facilities are
located in Frederick, Colorado (electric motors and gear assemblies) and St.
Charles, Missouri (electronic assemblies and wire harnesses). For more
information on the Company, please visit its worldwide web site at
uqm.com.
This press release contains forward-looking statements that involve risks and
uncertainties. These statements may differ materially from actual future events or
results. Readers are referred to the Risk Factors section of the Registration
Statement on Form S-3 (File No. 333-78525) filed by the Company with the SEC,
which identifies important risk factors that could cause actual results to differ
from those contained in the forward-looking statements, including the Company's
ability to be profitable, its ability to obtain additional financing, the Company's
reliance on major customers and suppliers, and the possibility that product
liability insurance may become unavailable. These forward-looking statements
represent the Company's judgment as of the date of the press release. The
Company disclaims, however, any intent or obligation to update these
forward-looking statements.
SOURCE: UQM Technologies, Inc.
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