Silicon Investor - Unique Mobility, Inc. (UQM)

[Savant] LONGMONT, Colo.--(BUSINESS WIRE)--November 04, 2015-- UQM TECHNOLOGIES, INC...

Savant — 11/20/2015 12:01:34 PM

LONGMONT, Colo.--(BUSINESS WIRE)--November 04, 2015--

UQM TECHNOLOGIES, INC. (NYSE MKT: UQM), a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors, today announced that it closed the previously announced offering of common stock and warrants to certain institutional investors, raising net proceeds of $5.8 million.

"The closing of this financing represents a critical financial step for UQM," said Joseph R. Mitchell, UQM Technologies' Interim President and Chief Executive Officer. "The proceeds from this transaction will enable us to continue to execute on our commercial strategy and new business development plan. It was especially important to facilitate our newly formed partnership with ITL Efficiency Corporation and provided a crucial capital infusion enabling us to move ahead with this very exciting opportunity."

The financing provided for the issuance and sale of 8,000,000 units consisting of an aggregate of 8,000,000 shares of UQM common stock and common stock purchase warrants to purchase 4,000,000 shares of its common stock. The warrants have an exercise price of $1.31 per share and are exercisable at any time beginning April 30, 2016 through October 30, 2020. The units were sold at a purchase price of $0.80 per units, for aggregate gross proceeds of $6.4 million.

About UQM Technologies, Inc.

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is TS 16949 and ISO 14001 certified and located in Longmont, Colorado.

Please visit www.uqm.com for more information.
-----------------

*Seems the spike to previous resistance was met with a bailing from long held positions, or something...perhaps short selling in relation to purchase profits from 80c..time will tell , but testing thru 2016 will be a long wait until production in 2017

[Savant] -- The Agreement could generate revenue in excess of $400 million over a te...

Savant — 11/20/2015 11:47:32 AM

-- The Agreement could generate revenue in excess of $400 million over a ten year period based on projected orders -- The first purchase order for 3,000 units has been issued -- Development, test and certification programs are set for 2016, ramping up to start of production in 2017 -- First year production will take place in Colorado with plans to manufacture UQM products in China thereafter -- The Agreement provides electric propulsion system for three market segments: 6-8 meter shuttle buses, light- to medium-duty delivery trucks, and 10-12 meter transit buses -- 6-8 meter bus platforms manufactured in Colorado will utilize existing PowerPhase Pro(R) 135 inventory enhancing UQM's liquidity position -- UQM will host a conference call to discuss this announcement tomorrow morning, October 27, 2015 at 8:00 a.m. EDT LONGMONT, Colo.--(BUSINESS WIRE)--October 26, 2015--

UQM Technologies Inc. (NYSE MKT: UQM) today announced the signing of a ten year supply agreement ("Agreement") with ITL Efficiency Corporation ("ITL") in China, a subsidiary of Eastlake New Energy ("Eastlake"). Over the term of the Agreement, revenues could exceed $400 million based on projected volume shipments. Production is expected to begin in early 2017 following development, test and certification programs during 2016, and timing will be dependent on the successful completion of the test and certification processes, followed by orders under the Agreement. The Company has received the first purchase order under the Agreement for the initial 3,000 units which are expected to ship in 2017. UQM will manufacture its electric propulsion systems in Colorado through 2017 with plans to produce product in China beginning in 2018. Initially, the PowerPhase Pro(R) 135 electric propulsion system will be sold to address the 6-8 meter shuttle bus market in China, with larger delivery truck and transit bus applications slated to begin in early 2017 with the PowerPhase HD(R) 250 system.

ITL, based in Beijing, China, is a subsidiary of Eastlake New Energy and responsible for the entire electric drive supply to Eastlake and its subsidiaries. Because of its operational independence from Eastlake, ITL's goal is to become a major e-drive system supplier to the entire China market. ITL has a preferred supplier relationship with Wuhan Public Transport Group ("Wuhan Bus"), a China state-owned operator of public buses, operating over 330 bus lines with a fleet of almost 7,000 buses with a goal to convert much of the fleet to new energy and electric buses. ITL's parent company, Eastlake, is a holding company based in Wuhan, China whose subsidiaries include, in addition to ITL, three vehicle manufacturers (Yixing, Yangtse and Speka), which combined have over 1.6 million square feet of manufacturing facilities and capacity to produce over 15,000 vehicles a year. With over one thousand hybrid and pure electric trucks and buses already on the road, ITL will partner with Eastlake to bring anticipated significant volume of new UQM powered electric vehicles to the China market.

"The signing of this supply agreement with ITL is a major milestone for UQM, and is the result of many years of focused attention to the China market," said Joe Mitchell, Chief Operating Officer and Interim President and CEO. "This achievement solidifies our long-term strategy to become a major global provider of electric propulsion systems; particularly in China, the largest market in the world for electric vehicles. Attaining this agreement is testimony to the quality and performance of our products that are second to none. We are excited to partner with ITL and become a dominant player in the New Energy Vehicle market in China. We believe this agreement is a game changer for UQM and puts us on a realistic and timely path to long term viability and profitability."

Mr. Frank Lee, President of ITL, said, "We have looked extensively for the most reliable and efficient electric drive technology, and after careful consideration, we have chosen UQM Technologies as the correct partner for long term success in the China market."

The Company will file with the Securities and Exchange Commission a copy of the Supply Agreement as an exhibit to its Report on Form 8-K.

Conference Call

The Company will host a conference call tomorrow, October 27, 2015 at 8:00 a.m. Eastern Time to discuss this announcement. To attend the conference call, please dial 1-888-241-0326 approximately 10 minutes before the conference is scheduled to begin and provide the passcode "68512509" to access the call. International callers should dial 1-647-427-3411. For anyone who is unable to participate in the conference, a recording will be available for seven days beginning at 10:00 a.m. Eastern Time tomorrow. To access the playback call 1-800-585-8367 or 1-855-859-2056 and enter replay code "68512509#." International callers should dial +1-404-537-3406.

About UQM

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is TS 16949 and ISO 14001 certified and located in Longmont, Colorado. For more information, please visit www.uqm.com

About ITL

ITL is a subsidiary of Eastlake New Energy and responsible for the entire electric drive supply to Eastlake and its subsidiaries. Because of its operational independence from Eastlake, its goal is to become a major e-drive system supplier to the entire China market. Beyond the UQM supplied propulsion systems, ITL is responsible for the supply of Transmissions, vehicle control units (VCU's), DC/DC converters and other related components along with vehicle system integration, application and certification support.

About Eastlake New Energy

Eastlake New Energy (Group) was set up by the Eastlake Industrial Investment Management in September 2013. The company is focused on the R&D, manufacture and sale of new energy vehicles. Products include pure EV buses, airport shuttle buses, pure electric SUVs, and auto parts. Eastlake owns multiple subsidiary brands, including: Yixing, Yangtse Bus and Speka, which were acquired after establishment. For more information, please visit eastlakenea.net.

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 management with respect to, among other things, the amount of revenue that could potentially be generated over the term of this agreement, the timing and success of completing necessary test and certification processes for ITL to order UQM products, the number of units ordered by ITL under the supply agreement, the timing of beginning manufacturing operations in China, the success of ITL in introducing its electric drive systems (including UQM products) into the vehicles produced by itself and its affiliates, and the continued growth of the electric-powered vehicle industry in the Chinese market. Important factors that could cause actual results to differ from those contained in the forward-looking statements include the ability to timely resolve any technical challenges of integrating UQM products into ITL electric drive systems, the responsiveness of customers to ITL's products, the timing and quantity at which ITL issues binding purchase orders under the long-term supply agreement and other factors described in our Form 10-K and Form 10-Q's under the heading "Risk Factors", which are available through our website at www.uqm.com or at www.sec.gov.

View source version on businesswire.com: businesswire.com

CONTACT: The Blueshirt Group

Shawn Severson, 415-489-2198

or

UQM Technologies, Inc.

David Rosenthal, 303-682-4900

[Savant] UQM Technologies Inc. (NYSE MKT: UQM) congratulates Zenith Motors, LLC ...

Savant — 7/15/2014 11:19:02 PM

UQM Technologies Inc. (NYSE MKT: UQM) congratulates Zenith Motors, LLC on receiving an EPA Certificate of Conformity for its all-electric commercial van, powered by UQM PowerPhase Pro(R) 135 electric motors and controllers. Zenith Motors recently announced that its battery electric vans were the first to receive this certificate for that class of vehicle.

A Certificate of Conformity is issued by the EPA to a vehicle manufacturer, certifying that a vehicle class conforms to EPA requirements. This certificate now allows Zenith to begin selling its all-electric van to customers in the U.S.

"We are proud to have been chosen by Zenith Motors for their electric vehicle program, and offer our congratulations to the company on achieving this significant step in commercialization," said Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies, Inc. "We look forward to growing with them as they ramp up their production to meet customer demand."

The UQM PowerPhase Pro 135 is part of the PowerPhase Pro family of vehicle electrification products and provides a peak torque of 340 Nm, peak power of 135 kW and 60 kW of continuous power. UQM also offers the production-ready PowerPhase HD(R) 220, high-torque PowerPhase HD 950T and higher voltage PowerPhase HD 250 systems for heavier commercial vehicle applications. The high efficiency of UQM PowerPhase systems aid vehicle manufacturers in meeting their all-electric range goals for higher value to the customer.

About Zenith Motors, LLC

Zenith Motors is based in Crestview Hills, KY, and is a manufacturer of electric shuttle vans for hospitals, schools, airports, parking facilities and the hospitality industry. Zenith Motors is proactively helping companies reduce their fleet operating costs by eliminating the cost of gasoline, reducing the maintenance costs and maximizing the up-time between scheduled maintenance. In addition to reducing fleet costs, Zenith's customers create a healthier community by driving electric shuttle vans that help in the reduction of carbon emissions and noise pollution. Please visit www.Zenith-Motors.com for more information.

About UQM

UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the commercial truck, bus, automotive, marine and military markets. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles. UQM is TS 16949 certified and located in Longmont, Colorado.

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 management with respect to, among other things, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity 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 and Form 10-Q's, which are available through our website at www.uqm.com or at www.sec.gov.

CONTACT: StreetSmart Investor Relations

Annie Leschin, 415-775-1788

or

UQM Technologies, Inc.

David I. Rosenthal, 303-682-4900

[Savant] CC ... UQM Technologies to Hold Conference Call Thursday, October 25, 2012 at 4:...

Savant — 10/19/2012 12:34:39 AM

CC ... UQM Technologies to Hold Conference Call Thursday, October 25, 2012 at 4:30 P.M.
Eastern Time

LONGMONT, Colo., Oct 17, 2012 (BUSINESS WIRE) -- UQM TECHNOLOGIES, INC. (nyse
mkt:UQM), a developer of alternative energy technologies, will hold a conference
call with members of the investment community on Thursday, October 25, 2012, at
4:30 p.m. Eastern Time. To participate in the call dial 1-888-561-1799
approximately 10 minutes before the conference is scheduled to begin and provide
conference ID code "4570874" to access the call. International callers should
dial 1-480-629-9678.

Eric R. Ridenour, UQM Technologies' President and Chief Executive Officer and
Donald A. French, Treasurer and Chief Financial Officer, will be reviewing the
Company's operating results for the quarter and six months ended September 30,
2012.

For anyone who is unable to participate in the conference, access to a recording
will be available for 48 hours following the call. Dial 1-800-406-7325 and enter
replay access code 4570874# to access the playback. International callers should
dial +1-303-590-3030. Please allow one hour from the time of the conference call
for initial setup before access.

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 propulsion systems for electric, hybrid electric, plug-in hybrid
electric and fuel cell electric vehicles. UQM is located in Longmont, Colorado.

Please visit uqm.com for more information.

SOURCE: UQM Technologies

Investor Relations
StreetSmart Investor Relations
Annie Leschin/Barry Hutton
415-775-1788

[Savant] UQM-Powered Proterra Transit Bus Passes Rigorous FTA New Model Bus Testing Prog...

Savant — 10/19/2012 12:00:26 AM

UQM-Powered Proterra Transit Bus Passes Rigorous FTA New Model Bus Testing
Program

Proterra EcoRide(TM) BE35 is the first heavy-duty electric bus to pass FTA
Altoona bus testing

LONGMONT, Colo., Oct 18, 2012 (BUSINESS WIRE) -- --Well-known Altoona testing
encompasses safety, structural integrity and durability, reliability,
performance, maintainability, noise and fuel economy

--Proterra buses are powered by UQM PowerPhase HD(R) electric drive systems

UQM Technologies, Inc. (nyse mkt:UQM) congratulates Proterra on having the first
heavy-duty electric transit bus to successfully complete the rigorous Federal
Transit Administration (FTA) New Model Bus Testing Program with its EcoRide(TM)
BE35 transit bus. This series of battery-electric vehicles is powered by UQM
PowerPhase HD(R) electric drive systems.

"Proterra's success in these tests further validates the reliability and
performance of our vehicle electrification systems, while also highlighting the
advantages of all-electric and hybrid-electric mass transit vehicles," said Eric
R. Ridenour, UQM Technologies' President and Chief Operating Officer.

The Proterra EcoRide BE35 transit bus completed the FTA New Model Bus Testing
Program, often referred to as "Altoona testing" due to the location of the
primary test facility in Altoona, Pennsylvania. The program includes a series of
tests to simulate a 12-year/500,000 mile service life that encompasses safety,
structural integrity and durability, reliability, performance, maintainability,
noise and fuel economy.

"We're proud to have passed this milestone test with the Proterra EcoRide BE35,
and continue to move toward expanding the deployment of Proterra transit buses,"
said David Bennett, Proterra's Chief Executive Officer. "The UQM PowerPhase
electric drive system helped us achieve both the highest fuel economy and lowest
noise of any full-size passenger bus ever tested."

Portions of the FTA test that were impacted by the performance of the UQM
electric drive system includes:

-- Maintainability - Servicing, Preventive Maintenance, and Repair and
Maintenance During Testing

-- Reliability - Documentation of Breakdown and Repair Times During Testing

-- Performance - Acceleration, Gradeability, Top Speed, and Braking Performance

-- Fuel Economy Test - A Fuel Consumption Test Using an Appropriate Driving Cycle

-- Noise - Interior and Exterior Noise Tests

-- Emissions

For more information about the FTA New Model Bus Testing Program, please visit
fta.dot.gov