FREDERICK, Colo., Nov. 16 /PRNewswire-FirstCall/ -- UQM TECHNOLOGIES, INC.
(Amex: UQM), a developer of alternative energy technologies, announced today
that it has received a contract from the U.S. Navy to design a diesel driven
compact lightweight generator for use on small unmanned military boats. The
UQM(R) generator will have an output of 40 kW and be used to support the
higher electric power requirements of command and control equipment required
by unmanned watercraft. The $70,000 Phase I contract was awarded by the Naval
Sea Logistics Center under the Small Business Innovation Research program and
will be performed over a period of six months.
"Unmanned watercraft require more on-board power to run the additional
electronic equipment necessary to operate the boat from a remote location.
The unmanned watercraft under development are based on seven and eleven meter
rigid hull inflatable boat platforms that have limited weight and space
availability for power generation equipment making this application ideal for
a UQM(R) generator system," said Jon Lutz, UQM Technologies' Director of
Engineering.
UQM Technologies, Inc. is a developer and manufacturer of power dense,
high efficiency electric motors, generators and power electronic controllers
for the automotive, aerospace, medical, military and industrial markets. A
major emphasis of the Company is developing products for the alternative
energy technologies sector including propulsion systems for electric, hybrid
electric and fuel cell electric vehicles, 42-volt under-the-hood power
accessories and other vehicle auxiliaries and distributed power generation
applications. The Company's headquarters, engineering and product development
center, and motor manufacturing operation are located in Frederick, Colorado.
For more information on the Company, please visit its worldwide website at
http://www.uqm.com.
This press 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 press 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
the development of markets for our products. Important Risk Factors that
could cause actual results to differ from those contained in the
forward-looking statements are contained in our Form 8-K filed October 25,
2004 which is available through our website at http://www.uqm.com or at http://www.sec.gov.
SOURCE UQM Technologies, Inc.
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Related links:
http://www.uqm.com
CONTACT:
John Baldiserra of BPC Financial Marketing,
+1-800-368-1217, or, Donald A. French of UQM Technologies, Inc.,
+1-303-278-2002
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